Janashakthi Group (JXG) & Subsidiaries Earn Top Honours at First-Ever Digital Trust Awards

Janashakthi Group (JXG) and its key subsidiaries, First Capital Holdings, Janashakthi Life, and Orient Finance, were recently honoured for their contributions to Sri Lanka’s digital landscape at the inaugural Digital Trust Awards 2024, organized by the Information Systems Audit and Control Association (ISACA) Sri Lanka. This prestigious awards programme aimed to promote innovation and digital trust, recognizing key contributors who are setting industry benchmarks. JXG and its subsidiaries were awarded in the “Technology Resilient Company of the Year 2024” category in their respective sectors: First Capital was the winner in the capital markets sector, Janashakthi Life secured the award in the insurance sector, and Orient Finance was recognized in the NBFI sector.

The financial sector plays a central role in Sri Lanka’s digital growth, and JXG acknowledges the significance of innovation and robust digital infrastructure within this landscape. By harnessing cutting-edge technology, JXG aims to enhance customer experience, offering seamless and secure financial services that prioritize convenience, satisfaction, and the trust customers place in financial institutions.

“Sri Lanka’s digital landscape is flourishing, and these awards are a true testament to the nation’s growing commitment to fostering both digital trust and resilience,” stated K.V. Kuganathan, Group Chief Information Officer of Janashakthi Group. “At JXG, we’re proud to be at the forefront of this critical journey. We recognize the importance of having a digital ecosystem that can adapt to market changes and maintain a competitive edge, while also being resilient and scalable. We have invested in the right resources, processes, and skills to ensure high-quality service delivery and trust. We will continue to do so,” he added.

For Janashakthi Group, digital solutions follow a three-pronged approach: maintaining the highest standards of governance, fostering innovation, and ensuring technological resilience. JXG aspires to lead a broader movement that promotes trust across Sri Lanka’s digital landscape. Ultimately, JXG believes that a collective commitment is essential to building a thriving and secure digital future for Sri Lanka.

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JXG’s Award-Winning IT Team

About Janashakthi Group (JXG)

Janashakthi Group (JXG) is a financial conglomerate with a presence spanning the Insurance, Finance, and Investment banking sectors. Each of the Group’s core businesses stands as a formidable leader in their respective industries. The Janashakthi Group comprises First Capital, Janashakthi Life, Orient Finance, and Janashakthi Foundation.

JXG’s roots trace back to the early 1990s when Chairman Emeritus Mr. C.T.A Schaffter inaugurated Sri Lanka’s first specialized life insurance company, playing a pivotal role in revolutionizing the industry. Over the following decades, through strategic mergers and acquisitions, the Janashakhi Group has evolved and expanded its reach.

The ‘X’ in the brand name symbolizes exciting opportunities, expansion, and exponential growth, representing the multiplication of potential coming together as a unified entity. Our tagline “Stronger Together, Stronger Than Ever” encapsulates our commitment to unity and collective strength.

First Capital Holdings PLC is a pioneering investment institution in Sri Lanka with a diverse product portfolio that includes Government Securities, Unit Trusts & Asset Management, Corporate Finance & Advisory, Corporate Debt Securities, and Stock Brokering. First Capital embraces a ‘Performance-First’ ethos and envisions improving the lives of all Sri Lankans through financial solutions.

Janashakthi Insurance PLC, also known as Janashakthi Life specializes in innovative life insurance products and services, catering to the diverse needs of its clientele. Staying true to its corporate purpose of ‘uplifting lives and empowering dreams’, Janashakthi Life has always strived to deliver greater value to all its stakeholders ethically and transparently.

Orient Finance PLC offers a wide range of financial services in the NBFI sector, including the mobilization of deposits, savings accounts, leasing, gold loans, alternative finance solutions, and corporate financing. Orient Finance PLC has established itself as a customer-focused financial service provider that prioritizes innovation and offers exceptional customer service.

Janashakthi Foundation, the philanthropic arm of the Group, is dedicated to making a positive impact on the community through its commitment to three key pillars: sports, education, and community. Recognizing the transformative power of these pillars, Janashakthi Foundation actively supports initiatives that contribute to the well-being and development of society.

The Group’s distinguished Board of Directors comprises Chandana De Silva (Group Chairman), Prakash Schaffter (Deputy Chairman), Eardley Perera (Independent Non-Executive Director), Saliya Wickramasuriya (Independent Non-Executive Director), Nathan Sivagananathan (Independent Non-Executive Director), Vishnu Balachandran (Independent Non-Executive Director), Minette Perera ((Independent Non-Executive Director), and Manjula Mathews (Non-Independent Non-Executive Director), with Ramesh Schaffter serving as the Managing Director and Group CEO. Together, they steer Janashakthi Group toward continued success and growth in the dynamic financial landscape. Janashakthi Group is rated BBB- (Investment Grade) by Lanka Rating Agency (LRA).