CEAT Kelani among CPM’s 10 best-managed companies

CEAT Kelani General Manger – Quality Based Management Mr Chaminda Thushara and Deputy General Manager – Marketing Mr Shiang Wong accept the CPA trophy and certificate respectively on behalf of the company.

CEAT Kelani Holdings, one of Sri Lanka’s manufacturing success stories, has been named among the country’s top 10 companies for best management practices by the Institute of Chartered Professional Managers (CPM) Sri Lanka.

The Top 10 award was presented to the company in respect of its performance in 2023, at the third edition of CPM’s Best Management Practices Company Awards.
The awards recognise best practices in management, in terms of leadership, policies and strategies, people management, partnerships and resources, processes and performance.

CEAT Kelani, which manufactures nearly half of Sri Lanka’s pneumatic tyre requirements, embarked on a new initiative in 2023 to fortify key enablers, targeting revenue of Rs.26 billion by 2025-26 via winning products, manufacturing and service excellence and first-to-market digitalisation. 

The plan envisages the CEAT brand retaining dominant market share in the truck and bus and light truck tyre segment and building on its market-leading shares in passenger car and van radials, truck bus radials and motorcycle tyres.

“Over the years, the CEAT Kelani joint venture has been cited as a case study for a successful privatisation on the basis of its achievements in productivity, product development, investments in expansion, deployment of new technology, research and development, local market leadership, exports and its support to the national effort to conserve foreign exchange,” CEAT Kelani Managing Director Ravi Dadlani said. 

Achievements for CPM Award

• Becoming first tyre manufacturing company in Sri Lanka to receive the prestigious IATF 16949 automotive quality management system standard certification from the International Automotive Task Force (IATF)
• Receiving a National Long-Term rating of ‘AA+(lka)/Stable’ from Fitch Ratings for the third consecutive year
• Taking its Original Equipment Manufacturer (OEM) partnerships in Sri Lanka to more than 10