September, 11, 2026
Dearo Venture Capital Ltd, Sri Lanka's largest venture capital institution, officially announced the appointment of its new Board of Directors at a special media conference held on 10th September 2026 at the company's Head Office located on the 9th Floor, Ceylinco House, No. 69, Janadhipathi Mawatha, Colombo 01.
The event brought together members of the media, business leaders, investors, stakeholders, and members of the Dearo management team to witness the unveiling of the company's renewed strategic direction and long-term vision for supporting entrepreneurship and economic development in Sri Lanka.
A Stronger Leadership Team for a Stronger Future
The newly appointed Board of Directors comprises highly respected professionals with extensive experience in finance, banking, governance, technology, risk management, human resources, and corporate leadership.
The Board consists of:
Mr. K. M. M. Jabir previously served as Executive Director and Chief Executive Officer of Janashakthi Finance PLC and Richard Pieris Finance Ltd. Mr. Muditha Welihinda served as Director and Head of Information Technology at Richard Pieris Group. Mr. Lalith Fernando formerly served as Consultant and Resource Person at IBSL and as Deputy General Manager and Chief Risk Officer of PABC Bank. Mr. Neil Bogahalanda is the current President of CIPM Sri Lanka and former Head of Human Resources at Royal Ceramics Lanka PLC. Mrs. Shaheena Mohammed previously served as Deputy General Manager – Compliance and Company Secretary of Sri Lanka Insurance Corporation.
The newly strengthened Board is expected to provide strategic leadership and governance as Dearo Venture Capital Ltd expands its role as a catalyst for entrepreneurship, innovation, and sustainable economic development throughout Sri Lanka.
Four Years of Growth and Achievement
Over the past four years, Dearo Venture Capital Ltd has emerged as a significant force within Sri Lanka's investment and financial services sector.
Today, the company proudly serves more than 25,000 customers through a network of 25 branches islandwide, supported by a dedicated workforce of over 350 professionals. Dearo Venture Capital Ltd has successfully built an asset base exceeding Rs. 5 Billion, reflecting the confidence and trust placed in the institution by investors and stakeholders across the country.
Building Businesses, Building the Nation
Addressing the media during the event, company leadership emphasized that Dearo Venture Capital Ltd was established with a purpose that extends beyond conventional investment management.
The company focuses on connecting investment capital with entrepreneurial potential, creating opportunities for business growth while generating sustainable wealth for investors.
Unlike traditional investment models, Dearo directs resources toward productive sectors that contribute directly to national development, including:
Through strategic investments and partnerships, Dearo supports Micro, Small, and Medium Enterprises (MSMEs), helping entrepreneurs access growth capital, expand operations, create employment opportunities, and strengthen local economies.
An Integrated Ecosystem for Entrepreneurial Growth
Dearo Venture Capital Ltd has further strengthened its commitment to sector-based development through its specialized subsidiaries:
Together, these entities form an integrated ecosystem designed to support entrepreneurial growth and innovation across multiple sectors of the Sri Lankan economy.
Commitment to Governance and Investor Confidence
During the press conference, the Board reaffirmed the company's commitment to maintaining the highest standards of transparency, accountability, and corporate governance.
Dearo Venture Capital Ltd continues to operate in compliance with applicable corporate governance standards and best practices in Sri Lanka, ensuring investors benefit from professionally managed and responsibly governed investment solutions.
The company's disciplined investment approach, strategic diversification, and strong governance framework have positioned Dearo as a trusted investment partner for thousands of Sri Lankans seeking secure and sustainable wealth creation opportunities.
Vision for the Future
Under the guidance of its newly appointed Board of Directors, Dearo Venture Capital Ltd unveiled its future vision:
"To become Sri Lanka's most trusted and impactful venture capital institution, empowering entrepreneurs, transforming industries, creating sustainable wealth for investors, and driving inclusive economic growth across the nation."
Key strategic priorities include:
Creating Shared Prosperity
Speaking at the event, company representatives highlighted that true success is achieved when investors prosper alongside entrepreneurs, businesses grow alongside communities, and economic development benefits the nation as a whole.
With a strong balance sheet, a rapidly expanding customer base, an islandwide branch network, and an experienced Board of Directors guiding its future, Dearo Venture Capital Ltd is well-positioned to continue empowering entrepreneurs, creating opportunities, supporting industries, and contributing to a stronger and more prosperous Sri Lanka.
For Dearo Venture Capital Ltd, the future is not simply about investment—it is about empowering people, building businesses, creating opportunities, and shaping the next chapter of Sri Lanka's economic growth.
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