Annual Reports
Rising Above
Rising Above
“By transforming our business – embedding a purpose values and led culture and simplifying our products and services – we are “Rising Above” to create long-term value for all of our stakeholders”

Our Canvas
Our canvas of varied colours, hues and textures portrays the hopes and dreams of all those who have been touched by our services. We continue to work on our canvas, which we paint diligently, earning the trust and confidence of all our stakeholders. We move ahead energized to face a stronger tomorrow with a strong resolve to make sure all Sri Lankans achieve their financial aspirations

You’ve got bigger plans…
Life remains unfulfilled without the dreams and hopes to make it that much more vibrant. We understand that in your life’s journey, your mileposts and celebrations are based on these aspirations and we want to make them come true. As you journey with us, you make our own visions and goals stronger as we continuously better ourselves to serve you and your purpose. In the year under review, we took the plunge into diversification, and even though it meant that our returns were not as favourable, it is merely the beginning to the great ventures ahead. However we always kept our stakeholders in mind and will continue to fulfil and inspire their big plans as well as our own.

The magic begins with us
Since inception, our vision to become the leader in our arena has both inspired and challenged us. This has been key to our success and a driving force which constantly kept us reaching beyond the possible. This year, we etch yet another golden page in our life story, a story which began with magic – the magic of people with an unstoppable vision, people with the courage to slay the dragons of doubt and negativity, and yet another bunch of people who saw the magic in us – our loyal stakeholders. We have shaped our kingdom within the Industry, and now we raise the bar even further. We have sharpened our focus on becoming a larger and broader entity, seeking to offer unparalleled products and services, as we continue to spin our magic….let it begin with us.

A VALUABLE PROPOSITION
Our strategic and sustainable growth over the years is underpinned by the powerful and superior value propositions we consistently offer to all our stakeholders in all their interactions with us. This is because we consider our offer to be a ‘gift’, carefully selected and pleasantly wrapped in a way that brings the desired outcomes to the recipients as well as the giver.
Be it our range of products and services, attractive returns, conducive working environment, commitment to governance, risk management and corporate responsibility, ours is a valuable proposition indeed, as borne out by our figures.

The Build Up
It is with great pleasure that we welcome you to the 2013 Annual Report of Kanrich Finance Limited. The Company expanded rapidly during the year concentrating on the growth of its capacities and capabilities and created a platform to realize its ambitious long term goals of making the Company one of the best in the industry within the next five years. The company’s monthly lending increased to over Rs. 700 Mn from less than Rs. 100 Mn a month recorded in the previous year while the annual turnover increased by almost 200%. However this expansion came at the expense of profitability with the total overhead cost increasing by 136% from that of last year . This buildup of capacity will translate into significant income generation from the third quarter 2013 onwards and we are confident that our shareholders will get amply rewarded for their patients and trust they placed on us.
This is the story of our goals and strategic direction. What we set to achieve, what we ultimately achieved and how we achieved. It’s a candid analysis of our strengths and weaknesses, our inherent risks and our capacity to deal with those risks. It’s a story of jubilation and tribulation, of extensive planning, sheer hard work and the joy of achieving the impossible. It’s the story of realizing our shared dream.

Let's get and grow together
It’s a bold invitation…but then we are a bold, proactive and innovative company.
We aren’t in a new field of enterprise…but we bring a breath of fresh air to it. We are a diversified financial solutions provider and one of the strongest and fastest growing entities. Our strong fundamentals and processes have allowed us to grow into a vibrant company that values the closeness of our relationships with stakeholders…in fact we’ve enshrined this in our tagline-
“relationships without borders”.
What this means is, Kanrich stands for the enrichment of the standards of living of all our stakeholders…and we’re with you, every step of the way!
