Blue Ocean Group poised to seize growth | Sunday Observer

Blue Ocean Group poised to seize growth

The Blue Ocean Group of Companies continues to maintain its status as a leading diversified business conglomerate in the country. It owns a range of well-recognized companies in the fields of real-estate, construction, engineering, trading, education, leisure and entertainment. The Group has a very strong business base, having nearly Rs. 40 billion worth of projects in hand that makes its status in the construction sector unbeatable.

Chairman Sivarajah Thumilan steers his team efficiently and wisely. The team’s untiring efforts has won the Group awards at ‘Sri Lanka’s Best Property Developer 2017’ and ‘Asia’s Greatest Brands and Leaders 2017’.

Link Engineering ( a Blue Ocean company) is one of the first construction companies in Sri Lanka with experience spanning over four decades and has been awarded several local and international awards for its excellence in construction over the years. It is one of the few companies acknowledged by the Contractors’ Association of Sri Lanka, Green Building Council, Construction & Industrial Development Authority and Chamber of Commerce & Construction Industries with professional membership.

Link Engineering is currently engaged in 35 private luxury condominium projects and 38 government projects all over the island. Similarly, Blue Ocean had undertaken 35 large projects in 10 cities, targeting 1250 residences in Colombo and its suburbs. As a result, Link Engineering is having nearly Rs.14 billion worth of projects in hand which makes the Group’s capacity and resources unbeatable. It is certainly a record for a private company to have Rs.55 billion worth of projects in hand, said a company spokesman.

“We have completed 07 projects between January – June 2018, valued at Rs. 4 billion with the process of deed transfer on its way. Boswell Place and Moor Road, Colombo 06; Frankfurt Place, Colombo 04, Havelock Road, Colombo 05, De Alwis Place, Dehiwala, Beach Road, Mount Lavinia and Railway Avenue, Nugegoda.

“The following projects are scheduled to be completed before end of August 2018 at a value of Rs. 6.3 billion: Barnes Avenue, Lillian Avenue and Alwis Avenue in Mt. Lavinia; Inner Flower Road and Alfred House Gardens in Colombo 3 and Gregory’s Road, Colombo 7.

“Nearly 97% of the above apartments have been sold out which is evidence for the Group’s capacity and its resources to face any challenge in the real estate industry.

“In addition, we have the following ongoing projects in hand. Jayasinghe Road, Colombo.05, 19th Lane, Colombo.03, Layard’s Road, Colombo.04, Hotel Road and De Seram Road, Mt. Lavinia, Glenfall Road and Nuwara-Eliya, total value of which amounts to Rs. 11.5 billion.

“Further, we are in the stage of designing the following 07 mega projects where work is due to start shortly. The value will be around Rs. 14 billion.

Vajira Road and Layards Road, Colombo. 04, Havelock Place, Colombo 05, Maya avenue, Colombo.05, Ramakrishna Road, Colombo.06, Boswell Place, Colombo.06, Wederbourn Road, Nuwara-Eliya.

“In addition to the above, we are having another 15 on-going projects in hand and this situation makes our future path very stable and healthy and promises us substantial resources together with a strong confidence to meet our bank commitments without any difficulty.

“As a 100% Sri Lankan company, the group possesses the experience, technical expertise, manpower and financial strength to carry out all types of construction projects. The Group has showcased prowess in condominium development with a customer centric approach.

The Blue Ocean Group claims that the root of their success is in their ability to provide professional client-oriented services on time. The Group is planning its maiden overseas expansion in the South Asian region and hopes to have an active overseas operation in the near future.

Upholding their values of professionalism and integrity, Blue Ocean Group hopes to continuously endeavor to realize the group’s vision to be a globally respected and successful business conglomerate through excellence in all endeavors.

Blue Ocean Group Chairman Sivarajah Thumilan (Chartered Accountant) comments on the status of his Group as follows:

“While recruiting our staff we consider them exclusively on their merits, leaving aside their ethnic, language, race or religious disparities. Further, we strongly believe that “today’s youngsters are tomorrow’s leaders” and therefore make it a point to give more chances to eligible, creative and active youngsters. Meanwhile, to guide them in the proper way we make it a point to hold elderly personnel, with good experience in our team as well. By this concept, our team is always balanced with both categories and has a good momentum with a combined move.

“Blue Ocean group is one step ahead of its competitors by providing customers every requirement under one and the same roof, thus saving their valuable time, money and energy. This exclusiveness becomes possible for us by having our own team of well qualified and widely experienced professionals, comprising 04 Chartered Architects, 09 Chartered Civil Engineers, 05 Chartered Accountants, 02 Chartered MEP Engineers, 42 Civil Engineers, 58 Quantity Surveyors, 25 MEP Engineers and 235 Staff of other professions in the Construction trade.

Top officials of the company are :Thumilan Suranee, Group Director / Chief Administrative Officer, Captain K.S.K.Perera, IIM, (Hongkong) - Chief Operating Officer, R. Arunprasath (AMSLIM) - Chief Marketing & Business Development Officer, Subaskar Jeyananthan, BSc(Hons) QS, DPPM, ACOIB(SL) - Chief Quantity Surveyor, Nimeshanan Kulendra, M.Sc.(IT) UK, B.Sc.(Hons) UK - Chief Information Officer, Kanagaratnam Aynkaran, BSc(Hons) in Civil, NCT - Chief Procurement Officer, Asanka Narangoda, ACA, MAAT, BBM (Acct) Sp., - Chartered Accountant – Chief Financial Officer, Anjana Dishan, MBA (UK), PQHRM, Dip. HR(US), CCHRM - Chief Human Resources Officer, S.Subashchandran (ACA), Chartered Accountant, Chief Risk Officer, Sumed Niluka Mendis, (ACA, CPA) Chartered Accountant, Chief Accounting Officer and Samanthika Gallage, L.L.B (SL), Attorney-at-Law, Notary Public & Commissioner for Oaths - Chief Legal Officer

New CEO

M.R.Jeyachandran (MPM(Aus) ,MBA(Aus) ,PG.Dip(B&F.Mgt), B.Sc(Hons), C.Eng.MIE(SL)) has joined the Blue Ocean Group of Companies effective 02nd July 2018, as the Group’s Chief Executive Officer.

Being the former Director General of the Buildings Department and present Chairman of C.I.D.A, Jeyachandran, is a highly experienced, successful and well-regarded team leader who holds an extensive track record .

His wide experience in the construction related field will be of advantage to the Group.

Blue Ocean Group Chairman Sivarajah Thumilan said:

“We are delighted that Mr. Jeyachandran has joined our Group as CEO. He has very broad business experience and expertise in improving international technology based businesses, with an emphasis on partnering and customer relationships.

He is an individual with a strong history of creating highly successful teams, which ideally suits him as a strong hand to Blue Ocean Group. With his excellent business experience and academic qualifications, I am personally pleased to see that we could make a person with his calibre, exceptional track record and potential join our team and I am quite confident that he could guide our team efficiently towards better heights in the future.”

Commenting on his role as the new CEO, Jeyachandran said,

“With Blue Ocean’s deep pool of talent, strong customer base, and robust balance sheet, I am really excited about having the opportunity to work with the team and lead the Group into the next stage of its strategic development. I earnestly look forward to having the support of our executive team, employees, customers, suppliers and other stakeholders to help me and Thumilan to turn our dream into realty.” 

Comments

This is for sure a paid advertisement. This company is known for their forgery and illegal construction. Has Sundayobserver being sleeping all this time or was the editor drunk while writing this article?

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