It was year 2002, when the seeds of a green investment company, then a new concept in business was first planted by Mr. Sathis Nawarathne (Chairman – Sadaharitha Group of Companies), a renowned and respected personality in the state plantation sector. The company was incorporated on 4th July 2002 with a staff of 10 at Horana, named as “Sadaharitha Investments Ltd”. It was the first step of localizing a global business model of commercial forestry investments.
It was an innovative concept introduced to the contemporary business environment in Sri Lanka. Hon. Rathnasiri Wikramanayake, then the Prime minister of democratic socialist republic of Sri Lanka was the first customer to invest at the inauguration followed by many over last 14 years.
In 2003, first commercial plantation of “Mahogany” was established in Padukka, Waga (Galabandi Mukalana) with an extent of 8.5 Acres. It was the very beginning of a promising and extended journey in commercial forestry.
The 25 Acre land in Ingiriya was the second plantation project to commence in 2004. A tropical fruit, “Rambutan” was introduced with an annual harvest based return. Few years later, Sadaharitha Rambutan has entered to the international market, including world renowned hospitality service providers.
Sadaharitha foreseeing the vast demand in time to come for quality and certified timber, in 2006 “King of Woods – Teak” was introduced to the product portfolio in 25 acre land in Puttalam. It is globally famous timber specie and being fetched at a very higher price even in the local market.
In November 2008, with the re-registration “Sadaharitha Investments Ltd” became “Sadaharitha Plantations Ltd” proving a steady growth in the journey becoming the leading and most innovative conglomerate in commercial forestry management in Asia.
Sadaharitha Teak has been a great success and many plantations were established. Hence extensive researches over medicinal and aromatic plant species were conducted, resulting “Sandalwood” being introduced in 2009. The demand gap in the global market was immense and discovery of native trees in the island were key factors behind introducing “Sandalwood” plantations in commercial scale. The first plantation and the nursery were established in 39 acres of picturesque land in Beragala.
Successful ventures over the years such as Teak, Sandalwood and Mahogany have strengthened and built confidence in Sadaharitha to take up new challenges. This resulted in expanding in to “Agarwood” in Sri Lanka 2013, which is commercially viable, midterm and traded at a peaking value in the global market. 34 Acre property in Neboda, holds the first commercial scale project of Agarwood.
Sadaharitha was not drawn back due to turmoil market conditions from time to time, but became sharper and resistant to challenging environments illustrating how a successful venture builds over trust.