Our Group of Companies
Mercantile Investments and Finance PLC
Being a licensed Finance company under the finance Business Act No.42 of 2011, Mercantile Investments and Finance PLC has gained reputation for five decades as a financially strong enterprise, serving customers from every walk of life to fulfill their financial aspirations. To add to the organisations vigor, since June 2011, we are a listed company in the Diri Savi Board of the Colombo Stock Exchange.
MI is considered a force to reckon with in our field of business with a total capital base that exceed Rs 6 Billion and an asset base of over Rs 23 Billion. Our consistent financial performance over the years has enabled us to possess this strong capital structure and retain our position as a financially strong institution in all respects. All of these have been achieved on the foundations of Mercantile Investments strong fundamentals and stability wrought over many years of exemplary governance and adherence to good ethics. MI’s paramount growth in both lending and deposit business that stood over 15% and 30% respectively in the last concluded financial year reflects our commitment in serving our customers yet again.
Tangerine Group of Hotels
MIL soon realized that there was scope for diversification, having witnessed the tourism boom of the 1970s. The Company soon ventured into the hospitality industry, constructing and acquiring a number of hotels. With the restoration of peace to the country, tourist arrival rose significantly, and the Company placed much emphasis on catering to the various demands of the tourism industry.