Cargills Bank

Jul 7, 2022

07/07/2022 | 12:24am EDT Message : 01 22 23 24 28 31 40 42 46 143 OUR BUSINESS AT A GLANCE C T Holdings PLC then known as Ceylon Theatres Limited was incorporated in 1928 with its primary focus on the entertainment industry. The Company owned and operated a string of cinemas in various parts of the country including such well known destinations such as Regal Colombo, Empire and Majestic cinemas. The Company also set up the first film production and processing facilities in the country with the establishment of Ceylon Studios Ltd in 1956, thus paving the way for the development of the local film production expertise. Despite the Company's first production "Asokamala" being unsuccessful, the Company persevered to subsequently produce hit films such as "Golu Hadawatha", "Akkara Paha", "Sakman Maluwa" etc. The hit film "Nidhanaya" was adjudged the best Sri Lankan film produced in the past 50 years. Anticipating the effects of the changes within the film industry in the 1970s and 80s, the Company began to diversify into other areas of business, notably, consolidating its interest in Millers Limited and through it, Cargills (Ceylon) Ltd. (now Cargills (Ceylon) PLC). Millers Ltd was subsequently merged with C T Holdings PLC. The Company also diversified into Financial Services and Real Estate. The subsidiary Cargills shed the Department Store concept to introduce and expand the Supermarket concept to Sri Lanka. This change was to be the most significant change to the Group and the backbone of future growth. Cargills also expanded into Food Processing, Restaurants, Dairy, Agri Business and Confectionery. A fully fledged Commercial Bank under the name 'Cargills Bank' was also set up by the Group. All this while also staying true to its roots in cinema business by developing cinemas with digital sounds, 3D viewing and upgrading facilities for patrons. C T Holdings is now a diversified Group with an interest in Retail and Wholesale Distribution, FMCG, Restaurants, Real Estate, Entertainment, and Banking & Financial Services. 01