Monday, November 10, 2008

SriLankan Entrepreneur.

Mr. W. K. H. Wegapitiya

Chairman of Laugfs Holdings Ltd

Mr. W. K. H. Wegapitiya is currently the Chairman of Laugfs Holdings Ltd, having started his career as a “Shipping Trainee” at Ceylon Shipping Corporation, Sri Lanka’s premier Shipping Company.He has completed a course of study at Energy School affiliated to the Oxford University and a BSC Degree from the Vidayalankara University before his advent in to corporate business.His entrepreneurial startup began in 1990, with a capital of SLR. 5,000. With the knowledge and experience gained, he incorporated Gas Auto Lanka (Pvt) Ltd., which was the pioneering effort in introducing LPG as an alternative fuel for motor vehicles in Sri Lanka.

Laugfs today is a household word today, with a portfolio of fifteen companies, engaged in a wide spectrum of manufacturing and marketing activities.
He subsequently incorporated Laugfs Gas (Pvt) Ltd as the Flagship company of the Laugfs Group which today is the second largest downstream LPG player in the country, having gained almost 30% market share within seven years. Within a span of merely 12 years, he developed and led a vast business conglomerate having an average annual turnover well over Rs.7 billion, today.

He is a recipient of many awards which include the Entrepreneur of the Year Award granted by the Federation of Chambers of Commerce and Industry in Sri Lanka, for outstanding business performances in 2001 & 2004 and also the National Gold Award in 2005

The Asian Grid Award recognizes Excellence in Entrepreneurship on the International scale. The Laugfs Group of Companies have been making strategic management initiatives, having chosen a corporate strategy of extensive diversification, both in terms of concentric and conglomerate expansion. Laugfs recently ventured out into attaining multi – national status, having successfully gained entry into Australia, pioneering as an Asian Company, fully geared to convert petroleum driven vehicle to LPG Gas. The Australian government has granted considerable monetary incentives to LAUGFS in the venture.
Mr Wegapitiya is the person who makes the difference to the country through his innovative and creative ideas. We have lot of things to gain from his career. Also he is a very good and very attractive person in his voice.