Former Chairman of Ceylinco Consolidated and Seylan Bank, Lalith Kotelawala, dies at 84

Death – Obituary News : Deshmanya Deshabandu Lalith Kotelawala, former chairman of Ceylinco Consolidated and founding chairman of Seylan Bank, passed away at the age of 84. His entrepreneurial skills made him stand out in Sri Lanka.

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Deshmanya Deshabandu Lalith Kotelawala, the former chairman of Ceylinco Consolidated and founding Chairman of Seylan Bank, passed away yesterday at the age of 84. Sri Lanka mourns the loss of one of its most prominent entrepreneurs and visionary leaders.

Lalith Kotelawala was a man of great ambition and determination. Born on September 7, 1939, in Colombo, he was driven by a desire to make a positive impact on his country. After completing his education at Royal College, Colombo, he went on to study at the University of Ceylon, Peradeniya, where he graduated with a Bachelor of Science degree in Mathematics.

His entrepreneurial journey began in 1969 when he founded Ceylinco Consolidated. Under his astute leadership, the company grew to become one of Sri Lanka’s largest business conglomerates, with interests in insurance, finance, real estate, and hospitality. His commitment to excellence and innovation earned him widespread admiration and respect within the business community.

One of Lalith Kotelawala’s most significant achievements was the founding of Seylan Bank in 1987. He played a pivotal role in establishing the bank as a trusted financial institution, contributing to the development of Sri Lanka’s banking sector. His visionary leadership and unwavering dedication were instrumental in Seylan Bank’s success and growth over the years.

Beyond his business accomplishments, Lalith Kotelawala was also known for his philanthropic endeavors. He believed in giving back to society and making a difference in the lives of the less fortunate. He established the Ceylinco Life Fund, which supported numerous charitable initiatives across Sri Lanka, focusing on education, healthcare, and poverty alleviation.

Lalith Kotelawala’s legacy as an entrepreneur and philanthropist will continue to inspire future generations. His contributions to Sri Lanka’s business landscape and his commitment to social causes have left an indelible mark on the nation. As Sri Lanka mourns the loss of this remarkable individual, it is a time to reflect on his remarkable achievements and honor his memory..

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@numberslka said The former chairman of Ceylinco Consolidated and founding Chairman of Seylan Bank, Deshmanya Deshabandu Lalith Kotelawala, has passed away yesterday at the age of 84. Entrepreneurs are a rare breed in Sri Lanka, and Lalith Kotelawala was a great among them. He built his… twitter.com/i/web/status/1…