BPPL Holdings honoured with Forbes Asia’s ‘Best Under a Billion’ award

Dr. Anush Amarasinghe (center) receiving the award

BPPL Holdings PLC, a leading player in the brushware and filament export manufacturing industry, was awarded by Forbes Asia as‘Asia’s Best Under a Billion for the year 2021. The award ceremony took place on November 21, in Manila, Philippines.

Forbes Asia’s ‘Best Under a Billion’ award recognises companies demonstrating exceptional long-term sustainable performance across a range of criteria. In a rigorous selection process, from a pool of over 20,000 publicly traded companies in the Asia-Pacific region with annual sales exceeding US$ 10 million but below US$ 1 billion, BPPL Holdings was among 200 outstanding companies that were chosen for this award.

The selection process involved a comprehensive evaluation based on a composite score, taking into account critical factors such as debt management, sales growth, and earnings-per-share growth. Qualitative screens were also applied to exclude companies with serious governance issues, questionable accounting practices, environmental concerns, management issues or legal troubles.

BPPL Holdings PLC operates three environmentally sustainable companies at scale, producing brushware and brush filaments for professional markets, and the spinning of recycled polyester yarn for global fashion brands. 
The company’s brush-making operations are recognised as amongst the largest in Asia. Furthermore, BPPL Holdings commands an estimated 10 percent market share of the burgeoning Indian filament market and prides itself as being the sole manufacturer in Sri Lanka of recycled polyester yarn made from recycled PET bottles.
“We are honoured to receive the ‘Asia’s Best Under a Billion’ award from Forbes Asia, which underscores our commitment to sustainable business practices and long-term growth,” said Dr. Anush Amarasinghe, Primary Shareholder and Managing Director of BPPL Holdings. 

“This recognition is a testament to the hard work and dedication of our team in consistently delivering value to our stakeholders while adhering to the highest standards of corporate responsibility. The award spurs us to do more in the environmental and social sustainability space we occupy by adding more such assets to our portfolio.”