Laugfs Holdings Limited celebrates 25 years in business. Its inception was Gas Auto Lanka, a revolutionary business that introduced LPG as an alternate fuel for motor vehicles. Propelled by this entrepreneurial spirit, Laugfs went on to become trailblazers in many industries in Sri Lanka.
Today, the Group is present in 20 industries and has expanded beyond Sri Lankan borders. Its annual revenue exceeds USD 300 million and is backed by an employee cadre of 3,500.
Group Chairman of Laugfs Holdings Limited, W. K. H. Wegapitiya said, “Though we had humble beginnings, we were filled with the determination to achieve greatness. Twenty-five years later, we have touched the lives of millions of Sri Lankans and are a leading name across the industries in which we operate.”
Though the origins of Laugfs was Gas Auto Lanka set up in 1995; in its 25 year journey, it evolved and diversified to progress from local to global.
Group Deputy Chairman of Laugfs Holdings Limited, Thilak de Silva said, “We wanted to be more than just another national corporate entity in the market; we wanted to truly drive the nation forward and extend the innovative zeal of Laugfs across Sri Lanka and internationally.”
Group Managing Director and Group Chief Executive Officer of Laugfs Holdings Limited, Piyadasa Kudabalage, said, “The history of Laugfs has always been driven by innovation, entrepreneurship and the willingness to take risks.
As we work towards the future, we will continue to grow with these tenants at the core of our organization and further enhance our operations towards empowering the growth of the nation.”