Mrs. Aban Pestonjee, Chairperson of the Abans Group and one of Sri Lanka’s most influential business leaders, has been honoured with the Lifetime Achievement Award at the SLID–ACCA National Corporate Director Awards 2025, in recognition of her extraordinary contribution to corporate leadership, governance and entrepreneurship.

The award was presented at a ceremony held on January 28, 2026, at the Cinnamon Grand Colombo, in the presence of senior corporate leaders, policymakers and diplomats. The event was graced by Andrew Patrick, British High Commissioner to Sri Lanka, as Chief Guest, and D. B. P. H. Dissanayake, Chairman of the Securities and Exchange Commission of Sri Lanka, as Guest of Honour.

The recognition places Mrs. Pestonjee among a select group of leaders whose impact has transcended business success to shape industries, institutions and lives.

A Vision Forged Through Resilience

Mrs. Pestonjee’s journey is widely regarded as one of the most inspiring entrepreneurial stories in Sri Lanka’s modern business history. In the late 1970s, at just 25 years old, married and raising three children, she embarked on an unconventional path at a time when female entrepreneurship was rare and economic conditions were challenging.

With imports restricted and household appliances considered luxuries, Mrs. Pestonjee identified an unmet social need easing the burden of domestic labour for Sri Lankan households. She began by purchasing consumer appliances from embassy auctions and reselling them locally, often retaining one unit for spare parts to ensure customer service.

Starting with no employees and operating from her own garage, she built her business on three principles that would later define the Abans Group: honesty, hard work and perseverance.

“You learn when you make mistakes and then come out stronger, because you understand the business better,” she later reflected in an interview with Harvard Business School.

Persistence That Built a Conglomerate

When Sri Lanka’s economy opened in 1978, demand surged but access to capital did not. Banks were reluctant to finance a small, woman led enterprise. Undeterred, Mrs. Pestonjee wrote repeatedly to international manufacturers, determined to secure global partnerships.

Her persistence paid off when Electrolux became the first multinational brand to place its trust in her business, impressed by her commitment to after sales service and customer care. That partnership marked a turning point, paving the way for alliances with global brands including Belling, Hoover, and LG (formerly Gold Star).

From a modest home based operation in Bambalapitiya, Abans expanded into Colpetty, where its first purpose-built office was constructed a building that now stands six storeys tall, mirroring the company’s growth.

A Family Driven Legacy

Abans remains a deeply family rooted enterprise. Mrs. Pestonjee’s values of persistence and long-term vision are evident across generations. The group’s entry into the quick service restaurant sector through McDonald’s Sri Lanka followed a decade long effort led by her son, Russy a testament to the same resilience that defined her own journey.

Today, the Abans Group comprises over 20 independently operating businesses, employs more than 10,000 people, and is expected to exceed Rs. 50 billion in annual turnover. Its interests span retail, manufacturing, logistics, real estate, engineering, energy and food services.

Leadership with Purpose

Beyond commercial success, Mrs. Pestonjee has consistently championed ethical leadership and social responsibility. She has often emphasised that business should serve society, not merely generate profit.

“If a woman wants to go into business,” she has said, “she should not focus only on what she will gain, but on how the business can benefit society.”

It is this philosophy combining commercial discipline with human values that has earned her respect across Sri Lanka’s corporate landscape and international recognition as a role model for women entrepreneurs.

An Enduring Inspiration

The Lifetime Achievement Award recognises not only Mrs. Aban Pestonjee’s business accomplishments, but also her enduring influence as a mentor, trailblazer and symbol of possibility.

At a time when conversations around women’s leadership continue to evolve, her story stands as powerful proof that vision, integrity and perseverance can overcome structural barriers and that leadership, when rooted in purpose, leaves a legacy far beyond balance sheets.

For Sri Lanka’s business community, and especially for aspiring women leaders, Mrs. Aban Pestonjee’s journey remains a reminder that lasting success is built not overnight, but through courage, conviction and unwavering belief.

-Bizwire Editorial

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Chamber of Lankan Entrepreneurs (COYLE) and the Japan External Trade Organization (JETRO) officially signed a Memorandum of Understanding (MoU) today, a significant step toward strengthening international collaboration and fostering workplace well-being.

The partnership is aimed at fostering mutual development and promoting a culture of “Health and Productivity Management” across Sri Lanka’s corporate sector.

Held in Colombo on the 4th of July, the signing ceremony marked the beginning of a strategic cooperation between two forward-thinking organisations committed to shaping a healthier, more resilient workforce and business ecosystem.

At the heart of this collaboration is the implementation and expansion of the Sri Lanka Corporate Health & Productivity Awards (SLCHPA) which is an initiative launched by COYLE to recognise companies that prioritise employee well-being, workplace sustainability, and long-term productivity. This awards platform, now backed by JETRO, is poised to be a national benchmark for corporate wellness and responsible business leadership.

The MoU outlines a joint framework for knowledge exchange, benchmarking, and shared learning, drawing on Japan’s globally respected expertise in human resource management and health-oriented workplace innovation. By collaborating with JETRO, COYLE aims to bring international best practices to Sri Lankan enterprises while creating opportunities for deeper bilateral engagement in economic and social spheres.

Speaking at the event, representatives from both organisations expressed optimism about the partnership’s potential to drive impactful change. They emphasised the shared values of sustainability, people-first leadership, and progressive corporate culture.

The MoU signals a powerful alignment between Sri Lanka’s private sector ambitions and Japan’s longstanding experience in workplace excellence. It also reinforces COYLE’s commitment to elevating the standards of entrepreneurship and business leadership in the country.

The JETRO-COYLE partnership is expected to create lasting value, not only for businesses and employees in Sri Lanka but also for broader economic development rooted in health, productivity, and international collaboration.

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