Rainco appoints Dinesh Dharmaratne as the new CEO

Rainco (Pvt) Ltd, one of the leading business conglomerates and manufacturers of umbrellas, mosquito nets, and rainwear in Sri Lanka, has appointed Dinesh Dharmaratne as the Chief Executive Officer with effect from July 1st, 2023.

This appointment follows the announcement of Ahamed Aroos, the outgoing CEO, expressing his intention to leave the organisation. Mr. Aroos collaborated with Mr. Dharmaratne during a transition period to ensure a smooth handover and successful closure of the transaction, the company said in a media release.

Mr. Aroos, who served as Rainco's CEO since 2019, joined the company's leadership team in 2017 as the Chief Operating Officer. Building on the company's rich heritage, he implemented and executed a growth agenda, known as "20-2X," which significantly increased profitability and shareholder value of the organisation.

Mr. Dharmaratne, the newly appointed CEO, brings with him an illustrious career spanning over 26 years of management excellence in some of Sri Lanka's premier corporations. With extensive experience and a remarkable track record in corporate management, he has held key senior management roles, including a notable six-year tenure as the CEO of Suzuki Motors Lanka Ltd, After Sales Service and Furniture Manufacturing verticals of Softlogic Retail (Pvt) Limited.

Rainco is a manufacturing, marketing and distribution company dealing across the categories of Fashion and Travel Accessories, Homeware, Baby care and Shoe care categories, with a dominant position in its home market. Rainco has expanded its footprint into global markets and has built partnerships with world-renowned brands. With a workforce of over 1200, Rainco caters to a wide corporate, retail and household client base.