Synex International (Pvt) Ltd, Kohuwela which started with just five employees exactly 25 years ago in 1999 has today elevated themselves to be a market leader in the Mechanical and Electrical Engineering Sector in Sri Lanka with a local and foreign employee strength of nearly 200.
The company in 2002 also ventured into engaging in overseas projects and today this segment too has grown and is bringing in the much needed multimillion FOREX to Sri Lanka embarking the Group as Multinational.
An engineer by profession he said that initially one of their primary focus areas were assisting the construction of Apparel factories and their first client was for Star Garments Group to build a world class manufacturing plant in the Katunayake EPZ. Today Synex International completed more than 20 projects for Star Garments in the last 25 years.
“Our first overseas project was in 2001 in Bangladesh and I must thank Hirdaramani Group, Janak Hirdaramani for having confidence in us to award a mega contract overseas,” recalled the founder Managing Director, R. P. P. Senarathne. Since then Synex has been a dominant leader in the construction industry for M & E Services and other related segments both locally and globally.
“When we were executing these overseas projects in Bangladesh, Maldives, India, Vietnam, Kenya and Ethiopia other local companies observing our world class capabilities offered several projects to us.”
“We have a very strong presence in Bangladesh and due to this we opened our first regional office there and to be a strong competitor in the market we also have an assembly plant. Today Synex International also maintains regional offices in Vietnam, Maldives and Ethiopia.
CEO, Senira Senarathne who is steering the company as the second generation from 2016 said that another major plus point for the company’s progress was the retention of their client bases with companies like Star Garments coming back to them for maintenance work and also for new ventures. He also said that the company accounts to around USD 17 million annual turnover with a phenomenal 20% year on year growth. “We also see some of the stalled projects in Sri Lanka recommencing and due to this we expect more business opportunities emerging locally and this will in turn increase our annual turnover to around USD 20 million by end of the next financial year.”
SYNEX TEAM has now completed more than 480 major projects in Sri Lanka as well as overseas.
He also said that during the pandemic and the economic crisis that followed they suffered a hit due to import restriction and downsizing projects by companies, but they continued with their operations and there was no downsizing of their employees. Synex International also has achieved the ISO Certificate 9001 2015, US Green building Council Membership and won the Safety Assurance Gold award from Leighton Contractors Germany.
Synex International also won a prestigious Engineering Services Category Gold award at the Presidential Export Awards.
The post Synex International nets USD 17 mn turnover with 20% YoY growth appeared first on DailyNews.