ABOUT

ISHARA TRADERS

Over 4 decades of trust and stability
Quality standards and expertise that are second to none

Ishara Traders (Pvt) Ltd began its journey in 1973. Pioneering the importation of used vehicles in Sri Lanka, we gave wings to many of those who dreamt of owning their first car, and have since upheld our strong spirit of innovation and commitment to excellence to this day.  Today, Ishara Traders (Pvt) Ltd is a household name and the leading importer of used vehicles in Sri Lanka.

At Ishara Traders, we are committed to ensuring that you drive away with the best and it is this force that drives us forward.

200+

Makes & Models

100+

Dedicated Employees

700+

Vehicles Available
Right Now

10000+

Happy Customers

THE MANAGEMENT

The late Mr. Rajah Nanayakkara was the Founder and Executive Chairman of Ishara Traders (Pvt) Ltd, a business which pioneered the import and sale of new and reconditioned motor vehicles. Mr. Nanayakkara, whose entrepreneurial journey began with the wholesale import of motor vehicles from Europe, paved the way for many a young person to realise their dream of purchasing their first car. He subsequently began to import from Japan, making Japanese vehicles affordable to Sri Lankans. Thirty years later, Ishara Traders remains an industry leader.

Mr. Rajah Nanayakkara was the Founder Chairman of the Motor Vehicle Importers Association of Sri Lanka. He was also the Chairman of Ishara Plantations (Pvt) Ltd – an Award Winning Estate of Tea and Spices – and was the the Chairman of Ishara Property Development, a company which has been involved in construction for the past 18 years.

He also served as the Chairman of LOLC Group, the largest Non-Bank Financial Institution in the country, as well as one of the largest conglomerates. Under Mr. Nanayakkara’s guidance, the Company has excelled in uplifting and empowering entrepreneurs throughout the nation, building a sustainable legacy- one that today extends well beyond Sri Lanka.

Further more, Mr. Nanayakkara served on the Board of Brown & Company PLC, as well as Browns Investments PLC.

Exhibiting a great sense of leadership, courage and purpose, Mr. Rajah Nanayakkara was and will remain a stalwart in the Vehicle Import Industry of Sri Lanka.

Mr. Ishara Nanayakkara is a prominent entrepreneur serving on the Boards of many corporates and conglomerates in the region. He initially ventured into the arena of financial services with a strategic investment in Lanka ORIX Leasing Company PLC and was appointed to the Board in 2002.  Today, he is the Deputy Chairman of LOLC and the Executive Deputy Chairman of LOLC Finance PLC, holding directorships in many of its subsidiaries and associate companies.

Backed by over a decade of professional experience in the industry, Mr. Nanayakkara holds the role of Chairman of Commercial Leasing & Finance PLC, one of Sri Lanka’s leading financial service providers for over 28 years, as well as LOLC Life Assurance Limited. He is also the Deputy Chairman of Seylan Bank PLC, a premier commercial bank in the country. His vision to cater to the entire value chain of the finance sector manifested in the development of Micro Finance, Islamic Finance, factoring through LOLC Factors, LOLC Life & General Insurance Companies and stock broking through LOLC Securities Ltd.

Leveraging LOLC Group’s expertise in the SME sector, the expansion into the Micro Sector was spearheaded by Mr. Nanayakkara, who is the Chairman of their Micro Credit Companies: LOLC Micro Credit Company Ltd, the only private sector microfinance institution in the country with foreign equity, and BRAC Lanka Finance PLC.  He also holds a directorship at PRASAC, the largest microfinance Company in Cambodia. Mr. Nanayakkara’s interest in microfinance lead to the inauguration of LOLC Myanmar Micro Finance Company Ltd, a green field investment in Myanmar in which he was the founding Chairman, and currently serves as a Director. His proficiency in micro finance in the region is further demonstrated by his involvement at strategic level in LOLC Cambodia Ltd (Previously known as Thaneakea Phum Ltd); the 5th largest microfinance company in Cambodia. He was also recently appointed as a director in LOLC International Private Limited & LOLC Private Limited.

Mr. Nanayakkara’s motivation to expand into various growth peripheries is further illustrated through his role as the Executive Chairman of Browns Investments PLC. Through various strategic investments, he is committed to catalysing development in the growth sectors of the Sri Lankan economy. Mr Nanayakkara’s involvement in the Boards of Brown and Company PLC, Agstar Fertilizers PLC, Associated Battery Manufacturers (Cey) Ltd and Sierra Constructions Ltd, reflects this business philosophy.

Endorsing his entrepreneurial spirit, Mr. Ishara Nanayakkara received the prestigious ‘Young Entrepreneur of the Year’ Award at the Asia Pacific Entrepreneurship Awards (APEA) in 2012. He holds a diploma in Business Accounting from Australia.

MILESTONES

1970
1973
1978
1999
2001
2005
1970

1970

Established in the early 1970’s

1973

1973

Registered as Ishara Traders in 1973

1978

1978

In 1978 Mr. Nanayakkara intervened to regularize the system of importing used Japanese vehicles with Sri Lanka Customs and the Japanese Government

1999

1999

In 1999, the state of the art car workshop was opened at Bokundara, Piliyandala

2001

2001

2001 The business was diversified; acquired controlling share of LOLC

2005

2005

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