Strategic investments during 2006 included acquiring the leader in asset management, National Asset Management Ltd. (divested in February 2011), and the entry into the media and communication industry through Splendor Media.
2007 witnessed Periceyl (Pvt) Ltd, becoming a fully-owned subsidiary of DCSL and the following year the Group expanded into the software solutions industry through Bellvantage. In 2008, Lanka Bell created telecommunications history accomplishing several revolutionary milestones in Sri Lanka, including the landmark purchase of the first fibre optic cable.
Continental Insurance, the Group’s modern insurance arm, and Melstacorp, its powerful investment arm, were both established in 2010. Expansion into the hotel sector through a significant share acquisition in Browns Beach Hotel was witnessed in 2011. The Group’s continued interest in renewable energy saw the successful commissioning of Bogo Power’s mini hydropower plant in Bogawantalawa.
Today, the Stassen Group, the country’s iconic conglomerate, is poised for consolidation and progress through its extensive network of pioneering and trailblazing businesses.