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Showing posts from October, 2017

Carmart retains MTI to strategize the legacy of the family business

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Carmart, one of Sri Lanka’s pioneering auto businesses, has retained the services of MTI Consulting to chart the group’s strategic direction and to gear the business to capture the opportunities that the Sri Lankan economy will offer the transportation sector in the next 5 to 10 years. Carmart was founded in 1948 by late Mr. Clarence P. Amerasinghe, who began by importing used Peugeot and Volkswagen cars. In 1953, the company obtained official agreements and became the authorized distributor in Sri Lanka for the brands. This family owned business had evolved over the past six decades and has established its legacy not only in the Sri Lankan market, but also in the Asian region as the oldest importer for Peugeot. Today Carmart is the Sri Lankan authorized importer, authorized repairer, and spare parts distributor for Peugeot and Mazda, and has just commenced working with Sinotruk, China’s largest export-market manufacturer of heavy vehicles. Director and CEO of Carmart, Yasendra Amera…

South Asia Textiles to implement MTI-enabled Strategic Plan

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South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric, is to implement the 5 year Strategic Plan developed with MTI Consulting.  In developing the strategic plan, MTI employed its internationally acclaimed 8S® Model framework to conduct a detailed review of SAT’s current position and chart its future strategic direction. The development cycle engaged the management team of South Asia Textiles through a highly inclusive process of strategic planning consisting of eight stages namely; Scope, Scan, Sights, Strategy, Structure, Staff, Sustainability/Social Responsibility and Systems. Given the dynamic, fast-paced and intensely competitive nature of the global fashion industry, the implementation of the strategic plan will enable South Asia Textiles to respond more effectively and profitably to the fast-changing dynamics of the industry.
South Asia Textiles, a subsidiary of Lanka Century Investments PLC, com…

MTI in Perth to strengthen research ties with UWA

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MTI CEOHilmy Cader arrived in Perth to strengthen ties with The University of Western Australia (UWA), with the intention of jointly exploring opportunities in Sri Lanka for research and executive education. UWA, which is ranked 91st in the world, appointed MTI as their Sri Lankan representative in 2016.
UWA pertains to be one of the strongest research intensive Universities in Australia. It successfully holds its place in the Group of eight (Go8) as one of Australia’s eight leading research Universities.
UWA's Pro Vice-Chancellor (International), Mr. Iain Watt stated, “We are excited to be working with MTI and for the potential opportunities that Sri Lankan students now have better access to. UWA offers a variety of courses, subjects and cutting edge research opportunities, all of which are highly acclaimed. The university and prospective Sri Lankan students, have much to benefit mutually, in both cultivating the rich culture of research, and allowing for a holistic education.”

MTI’s ‘idea2fund’ all set for launch of Wave 3

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‘idea2fund’ – the year round venture competition powered by MTI Corporate Finance is on the verge of launching its 3rd wave this October. Since its inception in 2016, the mission of idea2fund has been to create a platform for prospective entrepreneurs to present their venture ideas, get linked with potential investors, be challenged and receive constructive feedback from pioneers in the respective fields. The first 2 rounds proved successful, having received over 300 applications from enthusiastic prospective entrepreneurs covering various spheres.
In its past two waves, idea2fund proved successful in scouting several great talents including the introduction of the mixed media lifestyle design brand, Bakamuna in 2016. According to MTI CEO, Hilmy Cader, “The role of conventional business models are being radically transformed by disruptive business models, and ‘startups’ will soon become the name of the game.We at MTI believe that this new breed of entrepreneurs will challenge the cont…