Posts Tagged ‘PCH’

PCH scouting for more

January 3rd, 2011

PC House expects to acquire a few IT companies that are engaged in the Internet Data Centre (IDC), KPO and BPO businesses early this year. PCH Chairman and CEO S H M Rishan said 2011 will see a huge development in the IT enabled services.

The company is looking at the potential of acquiring a few IT companies which are not listed in the Colombo Stock Exchange (CSE).

PCH will be utilizing its Initial Public Offering (IPO) funds to acquire these companies in expanding their businesses.

“PCH is expecting to take its brand to the global arena this year; initially expanding into the South Asian regional countries such as Bangladesh and the Maldives. We already cater to these two countries with our partners, but the company has not taken its brand directly to these markets,” Rishan said.

The demand for products in Bangladesh and the Maldives have shown a significant growth. The company is also looking forward to expand the branch network within the country too. PCH expanded its branch network into Northern and Eastern provinces soon after the IPO.

Rishan said there are four branches in Mannar, Nelliady, Kilinochchi and Mullaitivu. These branches have recorded a 50 to 60 percent monthly growth and it is very encouraging. Sri Lanka’s computer hardware market grew by over 20 percent in 2010 recording the highest growth in the South Asian region. The hardware market has grown steadily. There is a demand for 200,000 to 250,000 personal computers (PCs) or notebooks in Sri Lanka.

The company has recorded a 100 percent profitability corresponding to 2009 and expects a growth of 30 to 35 percent.

PCH is confident that IT enabled businesses in the country will improve tremendously while contributing to strengthen the country’s economy, Rishan said. The IT industry in Sri Lanka is picking up gradually with the IT infrastructure being developed gradually. There will be many developments in the IT enabled businesses and the industry since IT is one of the most required and important components to any type of business.


Top BPO specialist joins PCH

September 7th, 2010

PC House Limited (PCH) announced the appointment of Deepthi Wickramasuriya as Chief Operating Officer of Procifinity Ltd., a fully-owned subsidiary of PCH, with effect from 1 September 2010.

Wickramasuriya is a qualified professional in the BPO field having until recently been the Head of Finance, Treasury, Governance, Business Risk and Contracts in Aviva Global Services, the management arm of the BPO operations of Aviva PLC, located in Singapore, India and Sri Lanka. Aviva PLC is the fifth largest insurer in the world and is the majority owner of Sri Lanka’s Aviva NDB Insurance PLC.

Procifinity Ltd. is a BOI approved enterprise that was recently set up for the purpose of catering to the outsourcing requirements of local and overseas-based enterprises, as well as move into IDC operations with the expectation of providing hosted and managed data services to the corporate and public sectors. Sri Lanka is ranked within the top 50 global outsourcing destinations with tremendous market potential.

Rishan, Chairman of PCH commented, “We are very fortunate to have the services of Wickramasuriya. She is just the type of person we need to maintain our position as the premier ICT services provider in the country. We can now fast forward our BPO business and commence our new IDC business. The planning process for such ventures is progressing well and we should be able to start implementation soon.”

Wickramasuriya, who is a FCMA and MBA, counts over 20 years of senior managerial experience spanning many different industries. Her career is dotted with a number of massive value adding efforts resulting from the implementation of her innovative ideas.

Sarath Wikramanayake, Director of both PCH and Procifinity Ltd. said “Wickramasuriya’s vast expertise in policy development and governance coupled with her experience in the international sphere will hold us in good stead, given that our plans will involve international operations in a big way.”

PCH is the new corporate brand identity for PC House Limited which was recently listed on the Colombo Stock Exchange. The new brand identity reflects the change from a family owned business to a public company with a vision to be the benchmark for ICT in Sri Lanka.


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