A Legacy of Strength. A Future of Possibilities.
About Us
Who We Are
JXG is a purpose-driven financial conglomerate operating across three verticals: insurance, investment banking, and finance. Our legacy is rooted in innovation and built on decades of impact, with every milestone shaped by the entrepreneurial spirit that defines us.
Guided by the values of integrity, collaboration, respect, performance-driven, and innovation, we remain focused on creating meaningful progress for the communities we serve. With exponential growth already taking shape, we continue to lead with clarity of purpose and a bold vision for the future.
Our Vision
Breaking
barriers,
Forging
futures.
History
Our Journey
The story of JXG (Janashakthi Group) began long before the name was known. In 1952, our Founder and Chairman Emeritus, Mr. C.T.A. Schaffter, took his first steps into insurance as a young clerk. Over the following decades, he built deep expertise, eventually rising to lead Carsons’ insurance division before embarking on his own entrepreneurial journey. By the early 1970s, he had become Sri Lanka’s number one life insurance agent, setting the stage for what would grow into one of the country’s most extraordinary financial legacies.
By 1978, alongside his insurance career, Mr. Schaffter ventured into a cottage industry in Bogahawatte, founding Kotmale. What began with just two workers producing butter and cheese gradually evolved into one of Sri Lanka’s most recognised dairy brands. While Kotmale grew steadily in the background, his true focus remained on insurance. Through Protection & Indemnity (P&I), he introduced the country’s only individually owned insurance house, which went on to become a pioneering force and the leading broker in Sri Lanka’s insurance industry.
In 1994, Janashakthi Life was launched as Sri Lanka’s first specialised life insurer, setting a new benchmark for innovation and integrity in financial services. From there, the Group grew rapidly, entering general insurance, investment banking, finance, and real estate, supported by bold acquisitions.
Today, JXG stands as a financial conglomerate, with a proud legacy built on innovation, values, and strength. What began with a single step into insurance has evolved into an exceptional journey that continues to empower progress for people, businesses, and communities across the nation.
Our Founder and Chairman Emeritus
His fearless advocacy, people-first leadership, and entrepreneurial spirit laid the foundation for Janashakthi’s extraordinary journey. What began as a bold entrepreneurial dream evolved into a financial conglomerate built on values, he both lived by and instilled across the Group.
In recognition of his transformative impact on the industry, he was honoured with the Lifetime Achievement Award at the 16th Asia Insurance Industry Awards in 2012 and at the Home Lands Sri Lanka Cricket Awards 2024. Today, his vision continues to guide and inspire us, driving JXG to create exponential value, embrace innovation fearlessly, and uphold a legacy of purpose-driven growth for generations to come.
Our Values
Driven by Purpose, Guided by Values
At JXG, our values are more than guiding principles, they are the very foundation of our extraordinary journey. They guide how we work, lead, and grow - shaping every decision and every relationship. For us, values are not statements on a wall; they are a force that drives exceptional performance, inspires our people, and creates enduring value for all stakeholders.
Uphold the highest ethical standards, honesty and transparency while balancing the interests of all our stakeholders in a fair and equitable manner.
Always work as one team across all functions to deliver the best possible experience to our stakeholders.
Treat others with dignity and fairness. Respect everyone's time, space, and opinions, even if they differ. Foster a safe, inclusive environment that empowers growth.
Maintain a consistently high level of quality across all of your work and deliver results on all your commitments.
Embrace curiosity, challenge the ordinary, and create extraordinary solutions.Together, let's drive progress in a changing world.
Board of Directors
Senior Management
Dragons of Sri Lanka 2025
A campaign executed by JXG received the Gold Award for Cause, Environment & Sustainability at the Dragons of Sri Lanka 2025, recognizing our commitment to addressing pressing social issues and driving meaningful advocacy through impactful communication.
Satyn Women Friendly Workplace Award 2025
At the Satyn Women Friendly Workplace Awards 2025, JXG was honored as one of Sri Lanka’s most outstanding women-friendly workplaces, celebrating our initiatives to empower women and foster an equitable work environment.
MOM Leaders Conference 2025
JXG (Janashakthi Group) was honoured with the Best Management Practices Company (BMPC) 2025 Award for the Diversified Group of Companies.
Best Management Practices Company Awards 2025
JXG was honored with the Best Management Practices Company (2025) award by the institute of chartered professional managers of Sri Lanka, in recognition of our workplace sustainability practices and commitment to building a thriving organizational culture.
TAGS Awards 2024
All subsidiaries of Janashakthi Group are proud to be recognized at the TAGS Awards 2024, reinforcing our commitment to transparency, accountability, governance, and sustainability.
SATYN Women Friendly Workplace Awards 2024
JXG won the “She Thrives” category at the Satyn Women Friendly Workplace Awards, recognizing our exceptional efforts in creating a female friendly work environment. This award reflects our ongoing commitment to ensuring that women at JXG have the support and opportunities they deserve.
Great Place to Work 2024-2025
JXG has been certified as a Great Place to Work®️ for 2024-2025. Our team fosters a diverse and supportive culture built on trust and team spirit.
SLIM Brand Excellence Awards 2024
First Capital Holdings PLC, has been awarded the prestigious "Brand of the Year" title at the SLIM Brand Excellence Awards 2024.
Tradefloc Awards 2024
JXG was recognized among the Best Companies to Work for Asia at the TradeFloc Awards 2024, reflecting our dedication to creating an inclusive, supportive, and growth-oriented workplace.
Top 100 Most Valuable Brands by Brand Finance
First Capital Holdings PLC was recognized among Sri Lanka’s Top 100 Most Valuable Brands by Brand Finance 2025, securing the highest brand rating in the investment banking category.
LMD Most Awarded Entities 2024
First Capital Holdings PLC was recognized as the Category Winner in the Investment Banking Sector at the LMD Most Awarded 2024 rankings, securing 1st place, while First Capital Treasuries PLC proudly claimed 2nd place.
LMD Most Respected Entities 2025
First Capital Holdings PLC was recognized among Sri Lanka’s Most Respected Entities by LMD, ranking among the top in the investment banking sector.
CFA Society Sri Lanka Capital Market Awards 2025
First Capital Holdings PLC won Silver for Best Equity Research Report, while the First Capital Money Market Fund secured Bronze for Best Unit Trust Fund, reflecting our market expertise, disciplined fund management, and investor trust.
Islamic Finance Forum of South Asia Awards 2024
Janashakthi Finance was celebrated as the leading Alternative Finance Business Unit, receiving high praise at the Islamic Finance Forum of South Asia with multiple accolades, including Gold for Islamic Finance Entity of the Year, Islamic NBFI Window/Unit of the Year, and Digital Marketing Campaign of the Year, along with recognitions in marketing excellence and individual achievements.
Sri Lanka Islamic Banking and Finance Industry Awards 2024
Janashakthi Finance was recognized with multiple honors at the SLIBFI Awards 2024, including Islamic Finance NBFI of the Year, Islamic Finance Window/Unit of the Year, and accolades for breakthrough performance, marketing excellence, and individual achievement.
5th Asia's Best and Emerging Insurance Company Awards 202
Janashakthi Life was honoured as Asia’s Best Insurance Company for Innovations (Sri Lanka) at the 5th Asia’s Best and Emerging Insurance Company Awards 2024, recognizing its commitment to pioneering solutions, customer-centric innovation, and driving exceptional value in the industry.
International Finance Awards 2024
Janashakthi Life received the award for Best Marketing Initiative – Life Insurance Sri Lanka 2024 at the International Finance Awards, recognizing our innovative approach to marketing and our commitment to building stronger connections with customers.
Digital Trust Awards 2024
Janashakthi Life was awarded Technology Resilient Company of the Year 2024 in the insurance sector at the Digital Trust Awards, recognizing our strength in innovation, secure digital practices, and strength in technology-driven transformation.
SLITAD People Development Awards
Janashakthi Life won the Silver Award at the Sri Lanka Institute of Training and Development (SLITAD) People Development Awards 2023/24, recognizing our commitment to nurturing talent, fostering growth, and driving people excellence.
Great Place to Work
Janashakthi Finance was recognized with multiple honors at the SLIBFI Awards 2024, including Islamic Finance NBFI of the Year, Islamic Finance Window/Unit of the Year, and accolades for breakthrough performance, marketing excellence, and individual achievement.