Lakmani Welgama (nee) Ratwatte and Nimal Welgama own and oversee the operations of Upali Newspapers (Pvt) Limited. Lakmani is the daughter of the late Dr. Seevali Ratwatte, who served as the Chairperson of the Upali Group of newspapers and was also the brother of former Prime Minister Sirimavo Bandaranaike. At present, Lakmani owns 90.52 percent of the company. Meanwhile, her husband Nimal Welgama serves as the Managing Director. Prior to being promoted as the Managing Director at Upali Newspapers (Pvt) Limited, Nimal Welgama served as a staff member under Upali Wijewardene. He has also served as the Chairperson of Sri Lanka Telecom from 2011 to 2014 and the Monetary Board of Sri Lanka. Parliamentary Member Kumara Welgama is Nimal Welgama's brother.
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Nimal Welgama – is married to Lakmani Welgama (nee Ratwatte). Lakmani Ratwatte is the daughter of the late Dr. Seevali Ratwatte, who served as the Chairperson of the Upali Group of Newspapers. Parliamentary Member Kumara Welgama is Nimal Welgama's brother.
Upali Newspapers (Pvt) Limited does not have an official website. The official web portal of it's affiliated newspapers does not provide any details about its founder, board of directors or its organisational structure. As such, publicly available secondary sources were referenced.Information on the company’s shareholders was gathered through the annual returns available at the Department of Registrar of Companies. The last annual return filed at the Registrar of Companies was in 2017. While the Media Ownership Monitor research team reached out to Upali Newspapers (Pvt) Limited by formally requesting for the company’s information on 20 July 2018, the company did not respond to the aforementioned request.