Our Vision
To be rated among the top ten professional firms in Sri Lanka.
We work with you to understand the specific needs of your company, thus enabling us to deliver the perfect service for your unique needs.
KALRUPCO has the knowledge and experience necessary to help your business with any accounting issue.
We undertake complete back office operation for companies who prefer to concentrate in their core activity only.
Read MoreWe provide internal audit services to corporate clients on an on going basis.
We conduct periodic internal audits to clients who want to check the efficiency and effectiveness of their internal controls.
Read MoreOur audit approach is tailored to suit the size of your company and the nature of the business. We will use our extensive knowledge in different industries in planning our approach. The understanding of our senior partners in government regulations, legal and tax laws etc. will immensely benefit the clients.
Read MoreOur audit approach is tailored to suit the size of your company and the nature of the business. We will use our extensive knowledge in different industries in planning our approach. The understanding of our senior partners in government regulations, legal and tax laws etc. will immensely benefit the clients.
Read MoreCarrying out legal and financial Due Diligences and carrying out project feasibility studies.
Read MoreWe believe in advising our clients to make maximum use in income tax concessions given by law. Such savings could be possible only if your consultants are conversant in latest tax legislations.
Read MoreWe could advise the best type of company you should form to suit your requirements.
If your requirement is to set up a company with the approval of the Board of Investments, we could arrange to get the necessary approvals and set it up for you.
Read MoreWe could develop control systems to suit your business so that you could delegate authorities to your sub ordinates.
We have the experience and expertise to evaluate your existing systems and report on their weaknesses...
Read MoreWe assess your requirements and recommend suitable accounting software depending on your industry, type and scale of business and the budget. We have in house implementation consultants for most of the ready made packages such as Peachtree & Quick books accounting packages.
Read MoreIf your business is not yielding the expected return or you are loosing your market share to your competitors, it could be due to various reasons. We could undertake to review your business processes along with your own staff, brainstorm and critically evaluate such processes with a view of redesigning them to eliminate “non value adding” activities from the processes.
Read MoreWe have seen businesses crashing due to inaccurate pricing of their products caused by inaccurate cost allocations.
If you notice that your asset base is diminishing despite increase in sales volumes, you should check your costing system, particularly when you have a wide range of products.
Read MoreTo be rated among the top ten professional firms in Sri Lanka.
Our Mission is to assist our clients to achieve “Excellence through financial discipline” by guiding them to follow the best practices of financial management, assisting them to identify weaknesses in their control systems and recommending corrective action with a view of adding value.
With the escalation of the war, most of the professionals, particularly the qualified accountants started migrating to different countries where they could make a decent living and educate their children. Starting from the year 1983, the “brain drain” rose to unprecedented levels where the country lost almost all their intellectual capital. The situation worsened with the liberalization of the country’s economic policies where the entire economy was left in the hands of the private sector and the demand for finance professionals almost doubled. The politicians, who ran the country under the successive governments, did not have the vision to adopt policies to attract those professionals back to the country to take charge of the economy. Under the circumstances, Sri Lanka had to live with those recently qualified junior members of the accountancy profession, in addition to a handful of senior professionals who opted to be in the country.
Simultaneously, there were advancements in management technologies, more efficient computerized management information systems and development of standards by leading professional bodies in and around Sri Lanka, which compensated at least partially to minimize the adverse affects of this problem. Those business houses who secured the services of efficient senior professionals recorded success stories, while most of the others had sad endings. Few professionals emerged with new ideas of adopting business houses to survive the competition such as business process re-engineering, restructuring of balance sheets, balance score card etc. but all of them needed continuous monitoring to achieve the desired results. All such developments created a heavy demand for professionals with experience at the top level in industry & professional practice, with exposure to international environments.
The Founder and Managing Partner of the firm, is a fellow of the Institute of Chartered Accountants of Sri Lanka (FCASL) who has experience in senior management positions in Audit as well as Non-audit sectors in and out of Sri Lanka. He received his basic education at Royal College Colombo and started his accountancy career with Ford Rhodes Thornton Company (Now known as KPMG) A summary of his experience is given below:
| Company / Activity | Period | Position |
|---|---|---|
| Ford Rhodes Thornton & Company | ||
| Chartered Accountants | 1975-1979 | Articled Clerk |
| James Finlay & Co.(Colombo) Ltd. | ||
| Tea Export | 1979-1981 | Accountant-Tea Department |
| P.E. Mathew & Company | ||
| Chartered Accountants | 1981-1984 | Partner |
| Rashed Al Rashed (in Saudi Arabia) | ||
| Certified Public Accountants (CPA) | 1984-1989 | Audit Manager |
| Peninsular Aviation Services Co. Ltd. (Shell Petroleum) (in Saudi Arabia) | ||
| Aviation Re-fuelling | 1989-1995 | Manager-Fin.& Admin. |
| Al Jazera Factories for Steel Products Ltd. (in Jeddah, Saudi Arabia) | ||
| Manufacturer of Steel pipes | 1995-2004 | Finance Controller (CFO) |
| Islandwide Exports (Pvt) Ltd. | ||
| Manufacturer/Exporter of Brushes | 2004-2005 | Finance Director |
| KAL Rupasinghe & Company (KALRUPCO) | ||
| Chartered Accountants | 2006 to date | Sole Proprietor |
| Risk Management & Control Services (RMCS) | ||
| Risk management consultants | Sep 2009 to date | Partner |
Mr. Michael Anthonisz, an old boy of St. Thomas's College, Mount Lavinia, a Fellow of the Institute of Chartered Accountants of Sri Lanka, Associate member of the Institute of Certified Management Accountants of Australia, Associate Member of the Institute of Internal Auditors and a Certified Internal Auditor, who has over 35 years of post qualification experience, 23 out of which is with John Keels Holdings PLC.(JKH). Mike had served on the Boards of several JKH subsidiaries and also as the Vice President of the Group Internal Audit Division of JKH Group responsible for the Internal Audit function of the entire group Companies. He has also served as a member of the SLASQC-1 program designed by CA Sri Lanka to improve the quality of practicing firms in Sri Lanka.
Mrs. Thanuja Ranasinghe, an old girl of Anula Vidyalaya, Nugegoda is an Associate member of CA Sri Lanka as well as of the Institute of Accounting Technicians of Sri Lanka. Thanuja completed her practical training in Ernst & Young (Chartered Accountants) and has over 10 years experience, 8 out of which are in Audit practice. She has been actively involved in technical and quality control aspects of reporting standards and assurance services.
Miss. Anuradha M. Costa is a finalist of CA Sri Lanka who has completed her practical training requirements with M/s. Sarma & Company (Chartered Accountants) and has worked with a leading travel company as the Finance Officer for 1 year. Anuradha has completed 9 years with us as an active member of the audit team who has contributed to the success of several internal audit and forensic assignments. She is also serving as a Director of our Associate Management Consultancy Company KALRUPCO Management Services (Pvt) Ltd.
Mrs. Nadeesha Wickramasinghe is a partly qualified CA student with over 7 years experience in accounting in organizations with a wide variety of activities ranging from software development and implementation, Shipping, Trading and Resort Management, Travel and Travel and Tourism Industries before joining KALRUPCO family.
Kanesh is a finalist of CA Sri Lanka who has completed his practical training requirements with a reputed firm of Chartered Accountants and joined our firm in 2016.
Sanjay is a finalist of CA Sri Lanka who has completed his practical training requirements with M/s. Ernest & Young (Chartered Accountants) before joining KALRUPCO.
Dilisha is a holder of a B.Sc (special) (Hon) degree in Business Administration from the University of Sri Jayawardenapura and has worked as the Head of Company Secretarial Division of a leading Secretarial Company affiliated to a firm of Chartered Accountants in Sri Lanka for over 15 years.
Nusith is a Fellow of the Institute of Chartered Accountants and an Associate of the Institute of Certified Management Accountants of Sri Lanka. He is also a Holder of a Special degree in Estate Management and Valuation from the University of Sri Jayewardenepura. Nusith completed his training under PricewaterhouseCoopers (Chartered Accountants) before starting his own audit firm by the name of Nusith Kumaratunga & Company.
Nusith has specialized in Business Process Restructuring, Productivity improvement, Special investigations and preparation fo Project Proposals. He is associated with us in the Capacity of Senior Consultant.
Praneeth Holds a Master of Business Administration (MBA) Degree, Member of British Computer Society (BCS) and has 28+ years experience in Business Information Systems and Business Operations experience in various business verticals such as Retail, Manufacturing, Trading, Real Estate, etc. Skilled in all phases of Project Management Lifecycle (PMLC); Establishing project scope, charter, timelines, and costs; Managing communication of project status, milestones, timelines, Risks / Mitigation's and budget to project stakeholders
Trained in SAP ERP, ORACLE EBS, MS Dinamics NAV and JD Edwards Modules; Sound knowledge of Manufacturing, Retail, Human Capital Management and Supply Chain Business Processes.
Heshika is an Attorney at Law and holds a LLB Degree from the University of London and is working in a leading law firm in Colombo.
In addition to the above professionals, we have several well known names in legal and tax consultancy fields on our panel of consultants, whose services are available to us “as and when necessary” basis. Among those on our panel of consultants are a leading lawyer who is practising in Colombo, a senior banker who is heading an international off shore banking operation, a retired Senior commissioner of Inland revenue and a Management Consultant who is serving on the Board of Directors of several “blue chip” companies.
KALRUPCO is geared to add value to all their clients due to their following strengths:
We are different to most of the other Professional firms due to the following:
We believe that the best business promotion is by way of “word of mouth” of those satisfied clients. Following are those (in alphabetical order) who will have no reservations in recommending us to any prospective client:
| Client | Type of Assignment | Contact |
|---|---|---|
| Adamjee Lukhmanjee & Sons Grandpass Colombo 15 | Fraud Investigation | Ms. Manisha Samaraweera |
| Brandix Group | External Audits | Mr. Aslam Omar |
| Dev Engineering (Pvt) Ltd. | Company Secretarial / Accounting assistance | Mr. Himanthe Dewendre |
| Hayleys MGT Knitting PLC. | Fraud Investigation | Mr. Sarath Ganegoda |
| Infomate (Pvt) Ltd | Internal Audit | Mr. Jehan Perimpanayagam |
| John Keels Group | Member of the Panel of five (5) outsourced Audit firms carrying out Internal Audits of all JKH group companies. | Mr. Hisham Nazeem- Vice President in charge of Control & Review Division of JKH Group. |
| JHP Lanka (Pvt) Ltd. | Accounting Services | Mr. Warren Solomans |
| Lanka Brush (Exports ) Ltd. | Management Consultancy | Mr. Derek Smith |
| Mahaweli Coconut Plantations Ltd. | Company Secretarial | Mr. Felix Fernandiopulle |
| MAS Intimates (Pvt) Ltd. | Fraud Investigation / Accounting Assistance | Mr. Ruwan Keragala |
| Ocean Lanka (Pvt) Ltd –Biyagama Industrial Zone | Fraud Investigation | Mr. Nalaka Buddadasa |
| Rivira Media Corporation (Pvt) Ltd. | Finance Consultancy | Mr. Nilanka Rajapakse |
| Walkers Tours (Pvt) Ltd | Internal Audit | Ms. Vindya Cooray |
| Wallem Lanka (Pvt) Ltd | Internal Audit | Capt. Ajantha Abeysinghe |
Distributor and sole agent for Penygon Business Solutions in Sri Lanka
We are a professional company dealing in services rather than in products. It was the necessity that compelled us to get involved in a software dealership. None of the middle priced software used in Sri Lanka by our medium size clients could handle some of the commonly demanded features such as multiple warehouses.
Read MorePenygon Financial Management System is a fully intregrated System comprising of the five sub-systems.
Penygon Inventory Management System is a multi company, multi warehouse system which may be used as a standalone, or as a part of the total Solution.
Penygon Project Management System is a multi company, multi region system which will record the full history of each contract from the time of initial contract.
Penygon Human Resources Management System is manage Employee Master Record, Salary Record, User-defined Documents, Leave and many other with Payroll Management.
Penygon Property Management System gives the user total control over the administration of Real Estate, whether it is `own property` or property owned by the third parties.
Penygon has a history of well over 15 years, and was initially custom tailor made to handle financial reporting..
For further details you may visit their web site http://www.penygon.co.uk/
(Chartered Accountants)
No. 7, Balahenamulla Lane, Kirulapona
Colombo 06,
Sri Lanka
Tel: 94 11 576 8667/ 576 8697
Mobile: 94 777 396659
Fax: 94 11 282 4415
E-mail: kalrupco@kalrupco.com
(Company Secretaries and Consultants)
No. 7, Balahenamulla Lane, Kirulapona
Colombo 06,
Sri Lanka
Tel: 94 11 576 8667
Mobile: 94 777 396659
Fax: 94 11 2824415
E-mail: KMS@Kalrupco.com
