Associated Motor Finance Celebrates It’s 50th Anniversary

Proud to be “in control of its own destiny,” the 50-year-old, privately-owned Finance Organisation celebrates its anniversary with a new leadership team and innovations.

Founded by Late Mr. J.P.I. Piyadasa, AMF was established in 25th July 1962 under Companies Ordinance, No.51 of 1938 and subsequently re-registered under the Companies Act, No.07 of 2007. He was a visionary and a versatile businessman during the era of 1960 & 1980, when Sri Lanka pursued a policy of closed economy. He was a prominent and influential personality in business and engaged in diverse business activities that involve the use and promotion of locally based raw materials and finished products.

After the demise of the founder in 1995, Mr. J.P.I. Nalatha Dayawansa succeeded to the position of the company’s Chairman & Managing Director owing to his immense exposure to the finance industry. Over the past years, the company was able to overcome constraints successfully in the midst of challenging economic conditions during the war and achieve many significant milestones at crucial junctures. Recording the highest ever profit and the deposit growth in the history of the company are a few to name.