Kelani Tyres

Kelani Tyres PLC

Logo of Kelani Tyres PLC
Company type	Public
Traded as	CSE: TYRE.N0000
ISIN	LK0216N00008
Industry	Tyre and Tubes
Founded	October 4, 1990; 34 years ago (1990-10-04)
Headquarters	Colombo , Sri Lanka
Key people	Chanaka De Silva (Chairman) Rohan T. Fernando (Managing Director)
Brands	CEAT
Revenue	LKR314 million (2022)
Operating income	LKR830 million (2022)
Net income	LKR830 million (2022)
Total assets	LKR6,668 million (2022)
Total equity	LKR6,409 million (2022)
Owners	Silverstock Limited (45.99%) Bank of Ceylon/Ceybank Unit Trust (7.62%)
Subsidiaries	CEAT Kelani Holdings (Pvt) Ltd (50%, JV with Associated Ceat Holdings (Pvt) Ltd); Executive Cars (Pvt) Ltd (100%)
Website	www.ceatsrilanka.com
Footnotes / references [1]

Kelani Tyres PLC is a tyre manufacturing company in Sri Lanka. Kelani Tyres originates in the privatisation of the government-owned Ceylon Tyre Corporation. Initially, privatisation is met with extreme employee industrial action for several months. Once the employee unrest dwindled, the company entered into an agreement with CEAT to set up a joint venture in 1993. In 1994, Kelani Tyres was listed on the Colombo Stock Exchange. In 2022, CEAT was amongst the 100 most valuable brands in Sri Lanka. The company moved to meet the total domestic demand for bus and truck tyres which would save LKR11 billion in foreign exchange through import substitution.