TKS Finance capital up to Rs 500 m
TKS Finance increases its capital to Rs.500 m to facilitate rapid
business growth and to further stabilize its position in the finance
industry. Flexi Fixed Deposits, VIP Pawning/Gold Loans, "Rajya Abhimana"
Instant Loans and their newest introduction "Express Share Credit" are
amongst the most talked about products in the finance sphere. The common
factor in all these products is that they are all innovative products
designed and introduced by the young and vibrant TKS Finance, a member
of TKS Group. The success of these novel products, along with the
encouraging results shown by the rather traditional portfolios as well,
has prompted the TKS Finance's high net-worth Malaysian investors to
infuse yet another high amount of Rs. 200 million into its capital. This
raises their total capital to a significant Rs. 500 million which is
evident of its stability and the strength of the company.
Rasika Kaluarachchi |
For a young finance company that commenced their foray into this
highly competitive field just within an year, TKS finance has performed
remarkably well. The significant capital at their disposal and the
highly skilled professional management inspired efficient staff have
ensured that they offer most timely and customer beneficial products,
all of which has brought them encouraging results during this short but
highly productive period.
Speaking about this latest infusion of Rs. 200 million, the CEO of
TKS Finance Rasika Kaluarachchi said " If I may recall, we opened our
doors for business with Rs. 200 million as capital, which was raised
within few months to Rs.300 million to facilitate rapidly improving
business. Accordingly it's heartening to observe the immense confidence
our Malaysian investors have shown in our quality portfolio and the
overall progress, which prompted them to infuse another Rs.200 million.
Our entire staff and management is happy that we are reaching our first
anniversary with excellent results on record and a substantial Rs. 500
million in capital, which is far above the core capital requirement of
the Central Bank of Sri Lanka. Naturally, we are looking forward to
offer even greater service with more value-added products to our growing
customer base." Further, Kaluarachchi added that with our branch
expansion programme commencing this year and going forward, we will be
able to serve people scattered all over the island with innovative
financial solutions with greater efficiency. |