History of Cargo Boat Despatch

  • 1866: The Cargo Boat Despatch Co. is formed.
  • 1928: Mr A L Thambiayah enters into business with Sir C Gardiner founding Ceylon Theaters Ltd.
  • 1936: Thambiayah acquires the Cargo Boat Despatch Company, and grows it to the forefront of shipping, accounting for the bulk of the functions of the port of Colombo at the time of nationalization of cargo operations in 1958.
  • 1960: Thambiayah appointed chairman and managing director of Millers and Cargills Ceylon where the group had significant shareholdings and served until his demise in 1982.
  • 1969: Renuka Hotels is built, on a family property, named after his youngest daughter Indu Renuka.
  • 1980: The Cargo Boat Development PLC constructs one of the first high rises in Cololmbo Fort.
  • 1989: A restructure takes place, the companies and assets of The Cargo Boat Despatch Group being divided among the children of Mr. A L Thambiayah.

History of Shaw Wallace

  • 1866: Lee Hedges & co formed as import agents, exporters of agriculture produce, plantation owners and estate agents.

  • 1891: Bois Bros & co formed as merchants, plantation owners and agents.

  • 1909: Shaw Wallace Ceylon is set up as the local arm of the international Shaw Wallace & Co, to engage in imports and exports.

  • 1954: Shaw Wallace and Lee Hedges are amalgamated to form Shaw Wallace and Hedges Ltd, which subsequently merges with Bois Brothers.

  • 2003: The company is restructured and separated to different legal organizations creating the Shaw Wallace Group (taking over all business operations) and Lee Hedges Ltd (owning only the Colpetty Mills property).

  • 1975: Renuka Enterprises Ltd is established by Mrs. I. Renuka Rajiyah and within the first three years of operations becomes one of the leading exporters of agriculture commodities – desiccated coconut and spices from Sri Lanka. The export business grows by 500% in the first 3 years, paving the way for investments in other areas.
  • 1976: Renuka House, an office and warehouse building is constructed in Colombo 2.
  • 1978: Dr. S. Ranjit Rajiyah, a medical doctor by profession, joins the business. Renuka Holdings Ltd is incorporated to act as a promoter for infrastructure development projects such as the construction of the Mahaweli dams, with foreign partners. The Kent warehouse complex is constructed in Colombo 09.
  • 1980: Renuka Teas Ceylon (Pvt) Ltd commences as a producer and exporter of Ceylon tea bags from Sri Lanka.
  • 1982: Renuka Agro Exports (Pvt) Ltd commences as Sri Lanka’s pioneer value added exporter of Coconut products.
  • 1989: Ceylon Botanicals (Pvt) Ltd is formed to venture into organic cultivation and processing; its Wiharagama Estate, Matale Valley having been in the family since the turn of the century. The successor to the company Kandy Plantations Ltd establishes Sri Lanka’s largest organic certified coconut farm.
  • 1990: Renuka Foods PLC (formerly known as Coco Lanka PLC) is established and becomes the leading manufacturer of value added coconut based food products.
  • 1994: Renuka Foods PLC is listed on the Colombo Stock Exchange under the Food and Beverage sector.
  • 2001:The next generation of the family joins the organization.
  • 2003: The business of Renuka Foods PLC is expanded by its subsidiary Renuka Agri Foods PLC, commissioning a state-of-the-art Coconut based food and coconut water beverage manufacturing facility.
  • 2008: Renuka Holdings PLC is listed on the Colombo Stock Exchange and becomes the holding company.
  • 2010: Renuka Agri Foods PLC is listed on the Colombo Stock Exchange.
  • 2011: The Shaw Wallace Group is acquired consisting of Shaw Wallace Ceylon, Shaw Wallace and Hedges, Shaw Wallace Properties and Bois Brothers. The companies purchased are integrated into the group.
  • 2012: The Renuka Building, a state-of-the-art 61000 Sq.ft. office building in Colombo 08, is constructed to house group companies.
  • 2012: Richlife Dairies Ltd, Sri Lanka’s first UHT Dairy milk manufacturer and a leading brand of dairy products is acquired.
  • 2013: Shaw Wallace Ceylon Ltd acquires a leading snacks brand & builds a state of art extruded, baked and fried snacks manufacturing facility.
  • 2014: Renuka Agri Organics Ltd acquires Unagahadeniya Desiccated Coconut Mills (est. 1961) and opens an expanded Virgin Coconut Oil manufacturing facility.
  • 2015: Renuka Teas Ceylon (Pvt) Ltd expands its portfolio to also become a manufacturer & exporter of Super Foods.
  • 2016: Renuka Capital PLC (formally known as Kalamazoo Systems PLC), established in 1958, is acquired. The company becomes an investment trust.
  • 2017: Galle Face Properties Ltd commences a high rise building project in the Central Business District of Colombo.
  • 2017: On’ally Holdings PLC, a pioneer in property development and owners of Unity Plaza, Colombo becomes an associate company.
  • 2019: Shaw Wallace Ceylon Ltd which is already the market leader in the canned fish segment sets up a fish canning facility.
  • 2019: Renuka Agri Foods PLC commissions new aseptic production lines significantly increasing the capacity of liquid coconut milk and water products.