APEA Recognizes PCH Chairman S.H.M Rishan for Entrepreneurial Excellence Mr. S.H.M Rishan, the Chairman of PC House PLC the leading ICT solutions provider to the nation, has been presented the coveted Outstanding EntrepreneurAward at the annual Asia Pacific Entrepreneurship Awards organized for Sri Lanka by Kuala Lumpur based organization, Enterprise Asia. This accolade, which is recognized on a national and regional level, recognized the trailblazing efforts of Mr. Rishan and his significant entrepreneurial achievements.
The development of PCH from a micro-scale, single proprietor business into the diverse trendsetting corporate entity that it is today is in itsel a testament to the entrepreneurial skills of Mr. Rishan. Further PCH’s diversification into various fields including ICT products, services & solutions, mobile handsets, GPS navigational systems and setting new standards in the industry by island-wide branch expansion and introduction of IT Super Store concept to the local market by establishing of its flagship showroom chain “PCH 9 to 9 super stores” and competing effectively with local and international corporate powerhouses is a hallmark of the innovative entrepreneurial strategy being adopted, allowing PCH to achieve the necessary biennial accumulative turnover of over 50 million US$ through tenacity and novelty making Mr. Rishan eligible for this award.
PC House PLC was originally established in 1997 and during its short tenure in the industry fledged in to a Group of companies which offers a complete product portfolio in ICT, including ICT products, services and solutions. In 2005 he embarked a journey in investing in diversified businesses by establishing PC Pharma, an organization destined to promote health to the nation. Taking the benefits of this profitable organization to the investor public, he took the organization to the Colombo Stock Exchange. A Majority stake buyout by him of Orient Garments PLC saw his strategic venture in to the prospering Apparel sector while a premeditated entry to Activated Carbon was witnessed when he brought over Biecolink Carbons Lanka Private Limited, Sri Lanka’s second largest activated Carbon producer and exporter.
He also formed PCH Holdings, an investment and consultancy driven holdings organization to which Biecolink, Orient Garments and PC Pharma are now subsidiaries of. The title of Outstanding Entrepreneur of the Year is open to individuals who have steered a business that proves perseverance, tenacity and continued innovation and diversification, while positively responding to competition, environmental factors and adverse situations. This must be a benchmark for positioning themselves as leaders in their respective industries and fields, inspiring future entrepreneurs.
Commenting on receiving the award, Mr. S.H.M Rishan said, “It is indeed a privilege to be recognized with this award for entrepreneurship amongst a host of candidates from a multitude of fields. It is a testament to the adaptability and diversification process that has made PCH the growing corporate entity that it is today. This award recognizes entrepreneurial excellence and seeks to give benchmarks and role models for future entrepreneurs; it is indeed an honor to be counted among corporate innovators. This award also opens up opportunities for partnerships with other enterprises within the region, opening doors to network and share business opportunities with other entrepreneurs and affiliated companies throughout the region.”Enterprise Asia, the organizers of the Asia Pacific Entrepreneurship Awards has a vision of creating an Asian region that is rich in entrepreneurship and employs it as a source of progressive and sustainable economic and social development.
Their main objective as an organization is to cultivate a culture of corporate integrity and social responsibility within Asia. The APEA awards were started as a means for recognizing outstanding entrepreneurship and have now evolved into a credible mark of professional excellence for entrepreneurs within their respective countries.
The president of enterprise Asia Mr. William Ng said that “Given the economic challenges the region is facing, the need to promote and encourage entrepreneurship is even more urgent. We have already seen how the European debt crisis has affected all of us in Asia. Whilst the West can be our friend some of the time, do not make the mistake to think that they will continue to be our friends all the time. We must mitigate our risks by enhancing intra-regional ties within Asia.” He further stated “This year, one of Enterprise Asia’s key initiatives is the launch of Invest Asia. Invest Asia is a multi-prong framework to encourage intra-regional trade and to match successful businesses across boundaries with an aim for capital appreciation and market development.” “A world without entrepreneurs will be devoid of innovations and competitiveness – the very essence of humanity and progress. Here in Sri Lanka, after two decades of ethnic tension and civil war, the need and urgency to promote entrepreneurship is never greater than now. Through a vibrant entrepreneurial climate, Sri Lanka can and will move towards becoming a more stable, prosperous nation and Sri Lankans can expect a better standard of living and insulation from global economic uncertainties.”
PCH is the new corporate brand identity for PC House PLC which is listed on the Colombo Stock Exchange. The new brand identity reflects the change from a family owned business to a public company with a vision to be the benchmark for ICT in SriLanka. PCH was recognized as the 50th most valuable brand in Sri Lanka for 2011, in the Brand Finance with an A+ brand rating. Its Board of Directors consists of Messrs S.H.M. Rishan, Mangala Boyagoda, Sarath Wikramanayake, Modarage Thilakasiri, Shanti Kumar Nadarajah, Kuvera de Zoysa and Mrs. Sharmila Rishan.
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