MFC celebrates 36 years in business

The Multi Finance Company (MFC)is a Central Bank regulated finance company founded 36 years ago by the late R.H. Nelson and two other businessmen in Kandy. The company has now branched out to Colombo, Gampaha, Kurunegala and Matara.

To celebrate its 36th anniversary, Multi Finance Company moved its head office to Hill Street, Kandy. The new head office was opened by Chairman Multi Finance Company and its holding company, Entrust Limited, Dr. Asoka Jinadasa.

Executive Director and CEO of the company, A.H.M. Riyaz, said that they are planning to have MFC listed on the Colombo Stock Exchange by next year.

"We will also introduce different kinds of investments and lending instruments with varying options, many of which would be new to the finance sector. Our financial products and services are constantly reviewed and upgraded to meet market requirements."

"As the world becomes increasingly competitive and financially volatile, businesses, entrepreneurs and individuals here in Sri Lanka will have to pay more attention to the prudent use of their financial resources. They will need to manage increasing levels of financial risk. As a financial service provider in a volatile economic environment, our vision, 'To be the first choice for financial solutions' requires us to acquire a deeper understanding of the bigger issues involved and productively develop appropriate responses", said Dr. Jinadasa.

General Manager/Director MFC Ms. Champika Atapattu said, "We have always focused on building long-term relationships with our clients.

The Multi Finance Company Limited is almost totally owned by Entrust Limited, which also owns Entrust Securities Limited, a primary dealer for government securities.