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The Capital Maharaja Organisation Limited

The Capital Maharaja Organisation Limited

The Capital Maharaja Organisation Limited is one of Sri Lanka’s largest business conglomerates that has subsidiaries in several fields including media, plastics, packaging, electrical, chemicals, personal care and consumer products, tea, entertainment and communication, information communication technology (ICT), services and projects. The Capital Maharaja Organisation Limited traces its roots to 1938. Officially, the company was incorporated in 1967. The company was founded by Sinnathamby Rajandram and Subramaniam Mahadevan. R. Rajamahendran, who is the current Chairperson, is the son of Sinnathamby Rajandram.

MBC Networks (Pvt) Limited and MTV Channel (Pvt) Limited are the Maharaja Group’s subsidiaries in the media sector. MBC Networks (Pvt) Limited, a media company dedicated to radio broadcasting, has five radio stations: Yes FM, Sirasa FM, Shakthi FM, Y FM, and Legends FM. The Sinhala language media outlet Sirasa FM has an audience reach of 12.88 percent. English language stations Yes FM and Legends FM have an audience reach of 0.20 percent and 0.04 percent respectively. The Tamil language channel Shakthi FM has an audience reach of 5.94 percent, while the bilingual Sinhala and English language radio station Y FM has an audience reach of 3.70 percent.

MTV Channel (Pvt) Limited has three TV channels namely, Shakthi TV, Sirasa TV and TV 1 under its wing. Sinhala language channel Sirasa TV has an audience reach of 15.4 percent while the Tamil language channel Shakthi TV has an audience reach of 6.1 percent. The newly established TV 1 has an audience reach of 0.7 percent.

Presently, The Capital Maharaja Organisation Limited is owned by Rajandram Rajamahendran, also referred to as R. Rajamahendran, and his son Sashidharan Rajamahendran. R. Rajamahendran owns 0.003 percent of direct shares in the company. However, he and his son Sashidharan Rajamahendran own a significant percentage of the company and other shareholding companies through Capital Holdings (Pvt) Limited.

Key facts

Business Form

Private

Legal Form

Limited Liability Company

Business Sectors

Radio and TV broadcasting, plastics, packaging, electrical, chemicals, personal care and consumer products, tea, media, entertainment and communication, information communication technology (ICT), services and projects.

Ownership

Individual Owner

Media Outlets
Other Media Outlets
Facts

Media Business

Media Business

TV broadcasting | MTV Channel (Pvt) Limited
Radio broadcasting | MBC Networks (Pvt) Limited

Business

TV Broadcasting

MTV Channel (Pvt) Limited

Radio Broadcasting

MBC Networks (Pvt) Limited

Plastics

S-Lon Lanka (Pvt) Limited

Tea

A. F. Jones Exporters (Ceylon) Private Limited

Chemicals

Harrisons Chemical (Pvt) Limited

Packaging

Tuffline Limited

Electrical

Kevilton Electrical Products (Pvt) Limited

Personal Care

ICL Marketing (Pvt) Limited

ICT

Computer Systems (Pvt) Limited

Services

Harrisons Shipping (Pvt) Limited

Projects

The Maharaja Organisation (Projects) Limited

Entertainment

Stein Studios, Maharaja Entertainments (Pvt) Limited

Unknown

Capital Holdings (Pvt) Limited

Uknown

Dawson Capital Limited

Management

Maharaja Institute of Management (Pvt) Limited

General Information

Founding Year

1938

Affiliated Interests Founder

Subramaniam Mahadevan and Sinnathamby Rajandram are the founders of The Capital Maharaja Organisation Limited. Mahadevan and Rajandram worked together at Beer and Co. as guarantee brokers. Mahadevan was appointed as its Manager after Beer and Co. was taken over by Dodge and Seymour in 1935. Dodge and Seymour ceased to exist in Sri Lanka and in order to take over the client base, both Mahadevan and Rajandram established several companies including Mahadevan's Limited, Rajandram Limited, Stirling Products and Maharaja Distribution.

Employees

Missing Data

Contact

The Capital Maharaja Organisation Limited

No. 146, Dawson Street, Colombo 2

Tel: + 94 11 4792 600, +94 11 2448 354, +94 11 2430 037

Fax: +94 11 2447 308

Email: info@maharaja.lk

Website: www.capitalmaharaja.com

Tax/ ID Number

PB295

Financial Information

Revenue (Financial Data/ Optional)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Management

Executive Board

Rajandram Rajamahendran – the Chairperson of The Capital Maharaja Organisation Limited and owns the company, as well as the other shareholding companies of The Capital Maharaja Organisation Limited and its subsidiaries with his son Sashidharan Rajamahendran. Rajandram Rajamahendran serves as a Director at several companies affiliated with the Maharaja Group.

Other Influential People

Rudrani Balasubramanium – has served as a Director and Company Secretary in several companies affiliated with The Capital Maharaja Organisation Limited. As per the official website of The Capital Maharaja Organisation Limited, she is still listed as a Director.

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

The official website of The Capital Maharaja Organisation Limited does not specify the ownership details of the organisation. Instead, it provides a list of some of its subsidiary companies, the board of directors and the contact details of the company. Not all companies under the Rajamahendran family could be ascertained during the research process since the Department of Registrar of Companies documents information with regards to companies and not individual owners. In total, 18 companies within The Capital Maharaja Organisation Limited were studied. These companies often own each other, but almost always at some level include Capital Holdings (Pvt) Limited, which is directly owned by the Rajamahendrans. Chairperson Rajandram Rajamahendran is occasionally referred to as Kili Maharaja and R. Rajamahendran. These names are spelt differently across the cited sources. Information on the company’s shareholders was gathered through the annual returns available at the Department of Registrar of Companies. The most recent data was available for the year 2017. While the Media Ownership Monitor research team reached out to The Capital Maharaja Organisation by formally requesting for the company’s information on 20 July 2018, the company did not respond to the aforementioned request. Viewership data was obtained from the Kantar Lanka Market Research Bureau (LMRB) for the year 2017, while listenership data was gathered for the period of January- November 2017.

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