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textile production, automotive spare parts, gem exports, telecommunications and jewellery manufacturing, thereby reducing its exposure to any single industry. Over the next few decades, the Group expanded its footprint in several industries; as of 2014, major subsidiaries of George
Steuarts included GS Health, GS Teas, GS Travel, GS Aviation, GS Finance, GS Solutions, GS Optimize, GS Insurance Brokers and GS Recruitment.
238:, through his investment company, Divasa Equity Ltd., acquired over 40% of George Steuarts, in a deal worth approximately Rs 1 billion. Divasa subsequently in October increased their stake in the company to a controlling 51% and Perera's holdings increased to 30%. A few months later, Nimal Perera exited George Steuarts, selling his stake to Jayaweera's Divasa Equity.
230:
In 1975, the Sri Lankan government launched a nationalisation programme of privately held tea plantations; which led to the take-over of 90% of the group's holdings, the largest acreage of tea plantations at the time. As a result, the company proceeded on a path of diversification, expanding into
180:
The
Company traces its origins to Captain James Steuart (1790-1870), a British sea captain, who sailed the southern seas in the early 1800s and settled in Ceylon in 1818. Seeing the commercial potential of the island, Captain Steuart set himself up as merchant and banker. Steuart was subsequently
181:
appointed "Master
Attendant of the Roads of Colombo", a position which precluded him from continuing his commercial activities. As a result, he invited his younger brother George (1808-1896), to take over the business, which in 1835 resulted in the establishment of George Steuart and Company.
171:
Having begun operations as a merchant banker and then a produce broker, George
Steuarts today includes businesses engaged in tea, exports, health, leisure, travel, real estate, telecommunications, shipping, insurance, solutions, recruitment and higher education.
204:
24:
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168:. It is the oldest surviving mercantile firm in the country, with a recorded history dating back to the early 19th century, and is the first on the register of companies in Sri Lanka
188:
and the company became a large scale exporter of the commodity. In 1863 John Lewis Gordon took over the company. From 1869 Ceylon's coffee industry was decimated by
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Recollections
Personal and Official of James Steuart, 1817-1866: With a Short History of the Firm of George Steuart & Co., Colombo, 1835-1935
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Seaports of India and Ceylon: Historical and
Descriptive, Commercial and Industrial, Facts, Figures, & Resources
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that afflicted its plantations; George
Steuart was amongst the pioneers that converted their export interests to
545:"Report of the Commission of Inquiry on the Agency Houses and Banking Firms". Parliament of Sri Lanka. 1975: 19.
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19th century newspaper engravings of Ceylon-Sri Lanka: accompanied by original texts with notes and comments
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Century Impressions of Ceylon: Its History, People, Commerce, Industries, and Resources
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in 1954, building a high-rise office building "Steuart House" at 14 Queen Street,
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The
Scottish Experience in Asia: c.1700 to the Present: Settlers and Sojourners
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In the late 1830s and early 1840s Ceylon became a major producer of
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618:"George Steuarts: Lanka's oldest business looking to the future"
695:
James
Steuart; Villiers, Thomas Lister; John, Reginald (1935).
450:. Ceylon Printers Limited (Lake House Investments). p. 84.
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655:
George Steuart & Co. Ltd., 1952-1973: a Personal Odyssey
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Centenary Volume of the Colombo Municipal Council: 1865-1965
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establishment, having been established in 1835 during
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The descendants of the Steuart Brothers incorporated
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200:that would soon become synonymous with Ceylon.
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345:
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325:. W. H. & L. Collingridge. p. 470.
671:
581:. Asian Educational Services. p. 454.
686:: CS1 maint: location missing publisher (
350:. Asian Educational Services. p. 82.
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314:
22:
534:. Colombo Municipal Council. p. 135.
529:
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227:, which became the company headquarters.
604:Ceylon Tea: The Trade That Mada A Nation
494:. Chatto & Windus. pp. 131–132.
492:A Hundred Years of Ceylon Tea: 1867-1967
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202:
445:
389:
311:
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375:. Serendib Publications. p. 164.
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630:from the original on 11 August 2014
606:. Colombo Tea Traders' Association.
295:. 12 September 2011. Archived from
234:In September 2011 Nimal Perera and
13:
646:
397:"Sri Lanka Anglo-Burgher Genealog"
276:
257:"George Steuarts unveils new logo"
154:George Steuart Group of Companies
14:
735:
419:"George Steuarts marks 175 years"
255:Leonard, Elmo (7 January 2007).
610:
595:
570:
538:
523:
498:
483:
448:Ceylon and Her People, Volume 3
371:De Silva, Rajpal Kumar (1998).
719:Holding companies of Sri Lanka
509:. Roli Books Private Limited.
490:Forrest, Denys Mostyn (1967).
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439:
411:
364:
339:
287:"Dilith, Nimal strike it big!"
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1:
724:1835 establishments in Ceylon
714:Companies established in 1835
241:
577:Wright, Arnold, ed. (1907).
530:Hulugalle, H. A. J. (1965).
321:MacMillan, Allister (1928).
166:British occupation of Ceylon
54:; 189 years ago
7:
672:Abhayaratne, Manel (1985).
10:
740:
207:George Steuart 1808 - 1896
175:
602:Roberts, Michael (2017).
505:Paul, E. Jaiwant (2005).
469:. Springer. p. 177.
215:James Steuart 1790 - 1870
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84:
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674:The George Steuart Story
348:Ceylon Under the British
160:) is Sri Lanka's oldest
657:. Wasala Publications.
399:. rootsweb.ancestry.com
221:George Steuart & Co
558:Cite journal requires
346:Mendis, G. C. (1952).
216:
208:
653:Peires, Tony (2003).
626:. 28 September 2010.
292:Daily Financial Times
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206:
17:George Steuart Group
446:Weerasooria, N. E.
427:. 29 September 2010
299:on 22 February 2014
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139:Laboratories
67:Headquarters
31:Company type
190:coffee rust
127:Investments
121:Recruitment
708:Categories
676:. Colombo.
431:22 October
424:Daily News
268:22 October
242:References
162:mercantile
86:Key people
682:cite book
634:1 October
124:Solutions
78:Sri Lanka
628:Archived
403:4 August
303:4 August
198:industry
136:Optimize
130:Aviation
104:Products
96:Chairman
41:Industry
176:History
142:Capital
72:Colombo
57: (
49:Founded
44:various
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186:coffee
118:Travel
109:Health
688:link
659:ISBN
636:2016
583:ISBN
564:help
511:ISBN
471:ISBN
433:2017
405:2014
377:ISBN
352:ISBN
327:ISBN
305:2014
270:2017
59:1835
52:1835
194:tea
112:Tea
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