‘Billion Run’, a new concept in corporate promotions, was launched recently at the auditorium of JFS Holdings in Colombo. The implementation plan for JFS to become a billion-rupee corporation by 2026-2027 was unveiled at this glamorous event.

JFS was established in 2012 to provide HR services to Lankan businesses. Since its inception, the company has developed rapidly to become a strong force in its operating sectors. The company operates in three main sectors: ICT BPO, agro food, and action sports. The corporation’s eight brands provide various services, from ICT services to adventure sports facilities.In achieving the Billion Run Goal, our first objective is to end the current year with 55 million net profits, which would be a record-breaking profit for our company, Madushan stated further.

With a capital infusion of 125 million by mid-2023, JFS shall transform four brands into total subsidiaries and set up independent boards of directors to ensure the required governance standards for a holding company.In achieving the Billion Run Goal, our first objective is to end the current year with 55 million net profits, which would be a record-breaking profit for our company, Madushan stated further.

With a capital infusion of 125 million by mid-2023, JFS shall transform four brands into total subsidiaries and set up independent boards of directors to ensure the required governance standards for a holding company.In his impressive speech, he stressed further that, despite the challenges, life throws at Sri Lankans, JFS has a team of driven individuals who are born to succeed.

Our goals are crystal clear. By 2040, we intend to hold the top spot among conglomerates in CSE. Because we remain committed to putting smiles on customers’ faces and earning their loyalty to our brands while also providing value for our staff, shareholders, and society, it is not that difficult.Unlike many businesses, we are guided by our values, which apply to everyone.We have achieved success by BIG thinking, talent empowerment, right innovation, and doing the right things.

The following 17 years will be filled with numerous acquisitions, investments, and joint ventures. We know that 17 years is a relatively limited time frame, but we are sure that we will achieve our goals.With an initial public offering and our capital, we expect to invest close to $100 million in the ICT/BPO sectors, $50 million in the food/agro-industry, and $25 million in extreme sports. By the financial year 2024–2025, we would have met our goal of having one million USD in reserves before moving up to the main board.

Until we attain $1 billion in equity by the end of the 2026–2027 fiscal year, our overheads won’t exceed the 200 limit.

Read More : Launch of “Billion Run” – JFS Holdings