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JAT Holdings Recognized with Two Prestigious Awards for Best Management Practices

JAT Holdings Recognized with Two Prestigious Awards for Best Management Practices
2024-04-02

The Institute of Chartered Professional Managers of Sri Lanka (ICPMSL) has honored JAT Holdings with two esteemed awards at the Best Management Practices Company Awards 2024. JAT has achieved distinction in two significant categories—recognition as one of the Top Ten Companies and the esteemed position of Category Winner in the 'Other' domain. These accolades highlight JAT's unwavering commitment to management excellence and strategic innovation.

JAT Holdings has demonstrated remarkable resilience and success in the face of global uncertainties and challenges. Its strategic focus on compliance and digital transformation has been the foundation for growth and sustainability. By leveraging compliance and digitalization as strategic advantages, JAT has showcased its ability to adapt to change and create a culture of transparency, accountability, and efficiency.

One of the key factors contributing to JAT's success has been its comprehensive approach to compliance. Through meticulous process mapping and robust policy implementation, the company has ensured strict adherence to internal protocols and external regulatory requirements. This proactive stance has safeguarded its financial interests while fostering a transparent and accountable culture within the organization.

JAT's commitment to digital transformation has gone hand in hand with policy implementation, resulting in improved documentation, forecasting, and compliance. The company has utilized better information monitoring and projection analysis to make informed and strategic decisions. By identifying strategic investment opportunities aligned with growth objectives, JAT has strengthened its market share and profitability. Investments in critical areas such as backward integration have enhanced value creation and strategic expansion.

To effectively manage and control assets, JAT has implemented asset securing policies. Leveraging digitalization, the company has digitized policies and established a centralized repository for real-time updates and enhanced transparency. This digital infrastructure has not only facilitated compliance but has also set the stage for improved operational efficiency and scalability.

Operational efficiency and resource optimization have been central themes of JAT's transformation journey. Through meticulous process documentation and digitalization, the company has streamlined workflows and increased productivity. Collaboration and communication have been further enhanced through standardized procedures and digital tools, fostering a culture of teamwork and transparency.

The emphasis on compliance and digital transformation has delivered significant value-added benefits to JAT. It has enhanced risk management capabilities, enabling the company to identify and mitigate potential risks effectively. Data-driven decision-making has been empowered by access to timely and accurate information, leading to more informed strategic decisions. In addition, these practices have fostered a culture of innovation, resulting in the introduction of new products, services, and processes that enhance JAT's competitiveness.

JAT's commitment to compliance and digitalization extends beyond the company itself. Through transparent and ethical operations, JAT has built trust and credibility with stakeholders, thereby strengthening relationships, facilitating strategic partnerships, and enhancing its reputation as a responsible corporate citizen. The company's digital initiatives have also contributed to job creation, skill development, and economic growth, making a positive impact on society as a whole.

"We are incredibly honoured to receive these prestigious awards from the Institute of Chartered Professional Managers of Sri Lanka. This recognition is a testament to our unwavering commitment to excellence and innovation," said Rizna Dilshard, Director Finance - JAT Holdings PLC. "We will continue to embrace compliance and digitalization as strategic advantages, driving our ongoing success and making a positive impact on our stakeholders and society."

About JAT Holdings
JAT Holdings PLC is the market leader in wood coatings and brushes in Sri Lanka, with a dominant presence in the paints, and luxury home and office furnishing sectors. With two state-of-the-art manufacturing facilities, located in Sri Lanka and Bangladesh, supported by an advanced Research and Development Centre in Sri Lanka, JAT Holdings continues to fuel innovation, solidifying its position as a key player and emerging conglomerate in the region. Recognized for its financial stability, even in times of adversity, JAT Holdings PLC has been awarded a National Long-Term Rating of 'AA(lka)' by Fitch Ratings, whilst also being prestigiously ranked as one of the Most Awarded Entities in the Diversified Sector by LMD. JAT Holdings’ commitment to its employees and workplace excellence has also been recognized through its certification as a Great Place to Work, making it an employer of choice.