Richard Pieris Finance
-One of the Leading financial providers in Sri Lanka
Established in 1940, Richard Pieris and Company PLC (ARPICO) is a long standing and well diversified conglomerate involved in manufacturing, engineering, retail and in plantation industries.
With 51 subsidiaries, Richard Pieris Finance is the 51st and the youngest subsidiary of the group incorporated in Sri Lanka in 2013. Since then Richard Pieris Finance LTD has gone beyond the expectations of the financial world as a prefferred provider of financial solutions for every business in every household. Richard Pieris Finance was established under the concept and guidance of the group chairman Dr. Sena Yaddehige in order to fulfill the need of a strong financial backbone for the small and medium-sized enterprises in Sri Lanka. The company contributes towards a synergetic operation by providing the financial support for the up and coming Sri Lankan entrepreneurs by saving them the trouble of facing any issues regarding working capital, so their production operations could continue to function without any hindrance. This encourages the small and medium scale business and agricultural community in the country for they can get the maximum clean profit for their efforts without getting handled by any mediator or middleman. On the other hand the customers have the opportunity of buying good quality products for a reasonably low price. Moreover, apart from the generic financial services, Richard Pieris Finance provides housing loan facilities, especially targeting the younger generation. This is with the ambition of helping those including newly married couples to minimize or eliminate the cost of spending 15 to 20 thousands of rupees for monthly house rentals. Richard Pieris Finance also provide the services of savings accounts for children; Ran Daru, senior citizens and young savers and the company’s fixed deposits carry very competitive rates.
On a key note, currently Richard Pieris Finance is the only finance company which is truly backed by the ARPICO group. There are no other finance companies affiliated with the group which carries ARPICO name that will provide their clients a successful approach in financial aids in the areas such as Vehicle Leasing, Corporate Financing, Housing Loans, Fixed Deposits and Savings, Arpico Furniture Leasing, Islamic Finance, Supplier Financing, Export Financing, and Personal Loans. Starting from a small scale of five employees,
Richard Pieris Finance has now developed into an outstanding larger scale finance company with almost 275 employees and with an asset base of 17.5 billion. Apart from their total excellence in customer service, integrity and transparency the tribute of the success of the company is also shared by Mr. K. M. M. Jabir, the CEO and the Executive Director of Richard Pieris Finance LTD and its experienced, skilled and ever willing employees. Adding his thoughts, Mr. Jabir stated, “We are not new in the finance sector, we’ve been
here and know the industry our team is skilled, updated and willing to cater to the requirements of the customers. Therefore our customers can ask us anything and we will never say no.” Even with the challenge of facing the changers of the economic factors during recent years, Richard Pieris Finance is at their best on delivering to the needs of the grooming entrepreneurs of the country. With the understanding of the new global trends and the changing needs of the customers they are continuing the process of building and developing their knowledge and capacity. Without any barricades with the customers, they will provide their financial advice and support on how to overcome any kind of financial barriers in the field. As for the next step, the company targets to reach their clients through digital media which has become a demanding method in the field of finance. Implementing this method will be more approachable, easy and time saving for their customers. To meet this demand, Richard Pieris Finance has employed a specialized IT team. Also Richard Pieris Finance is making plans for global expansion in next the few years. They have plans to establish several branches in far eastern countries including Vietnam and also in South Asian countries like Bangladesh.
Richard Pieris Finance was established under the concept and guidance of the group chairman Dr. Sena Yaddehige in order to fulfill the need of a strong financial backbone for the small and medium-sized enterprises in Sri Lanka
Starting from a small scale of five employees, Richard Pieris Finance has now developed into an outstanding larger scale finance company with almost 275 employees and with an asset base of 17.5 billion