Heladiv

Heladiv, publicly traded as HVA Foods PLC, is a tea company based in Sri Lanka.

Heladiv
TypePublic
CSE: HVA.N0000
ISINLK0374N00005
IndustryBeverage
FoundedAugust 22, 1997 (1997-08-22)
Headquarters
Colombo
,
Sri Lanka
Area served
Worldwide
Key people
  • B. S. M. De Silva (Chairman)
  • C. Hettiarachchi (CEO)
ProductsCeylon tea
RevenueIncrease LKR1,164 million (2021)
Increase LKR164 million (2021)
Increase LKR78 million (2021)
Total assetsIncrease LKR1,285 million (2021)
Total equityIncrease LKR15 million (2021)
Owner
Number of employees
Decrease 54 (2021)
Websitewww.heladiv.com
Footnotes / references
[1]

History

Heladiv commenced operations in 1990 as HVA Lanka Exports Pvt. Ltd., an affiliate of a Dutch-based agricultural development company, Handels Vereniging Amsterdam (The Trading Company of Amsterdam).[2]

In 1993, the company reverted to 100% Sri Lankan ownership.[3][4]

In 2001, they introduced the concept of Tetra Paking of Iced Tea to Sri Lanka. In 2007, the company received an ISO 22000 accreditation by Bureau Veritas and was awarded the Lanka Star, for Packaging Excellence from the Sri Lanka Institute of Packaging, and a Soorya Sinha Award from the Mawbima Lanka Padanama.[5]

In 2011, the company was publicly listed on the Sri Lankan stock exchange.[6][7]

The brand name, Heladiv, is derived from the word "Heladiva", which means our land.[2] The Heladiv product range includes ice tea, regular tea bags, flavoured tea bags, green tea, flavoured green tea, herbal infusions, leaf tea in pouches, pet jars, metal canisters, wooden boxes and gift packs.

The company operates over fifty tea cafes across China and a tea lounge in Colombo.[8] The brand Heladiv is registered and sold in over 40 countries.

In 2014/2015 the company generated a gross profit of Rs 113,838,502.[9]

References
  1. "Annual Report 2020/21" (PDF). cse.lk. HVA Foods PLC. Retrieved 28 March 2022.
  2. "Heladiv Teas celebrate 20 years". Daily Mirror. 16 September 2010. Retrieved 5 February 2016.
  3. "HVA Food PLC". Sri Lanka Business. Export Development Board Sri Lanka. Retrieved 5 February 2016.
  4. Hathiramani, Jagdish (26 September 2010). "Heladiv Tea, Unlocking the Potential of Sri Lanka's Oldest Crop". The Sunday Times. Retrieved 5 February 2016.
  5. "Innovative tea Heladiv plucks two buds". The Nation. 25 November 2007. Retrieved 5 February 2016.
  6. "Sri Lanka: Heladiv Tea to Aggressively Penetrate Markets in India, and China". Asian Tribune. 1 September 2011. Retrieved 5 February 2016.
  7. "HVA Foods launches IPO". Sunday Observer. 9 January 2011. Retrieved 5 February 2016.
  8. "Heladiv Celebrates 25 Years of Success Through Product Innovation". Daily Mirror. 4 September 2015. Retrieved 5 February 2016.
  9. "HVA Foods PLC - Annual Report 2014-15" (PDF) (pdf). HVA Food PLC. July 2015. Retrieved 5 February 2016.
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