Ceylon Tobacco Company PLC (CTC)

From TobaccoUnmasked
Ceylon Tobacco Company (CTC) Home Page as of October 2022


Ceylon Tobacco Company PLC (CTC) holds the monopoly of cigarette manufacturing and sales in Sri Lanka. It is a subsidiary of British American Tobacco (BAT), which owned 84.13% of the shares as of 31 December 2021. [1] Even though BAT started its operations in Sri Lanka in 1904-1911 period, CTC was only established as a company in 1932.[2][3] CTC is engaged in the complete manufacturing process of cigarettes in Sri Lanka, from tobacco cultivation to cigarette production.[4] CTC owns 99% of the market with the remaining 1% comprising of imported cigarettes.[5] Almost 100% of the tobacco used for cigarette manufacturing in Sri Lanka is cultivated in the country, which accounted for approximately 1,602.1 tons of tobacco in 2021.[1] CTC also exports its manufactured cigarettes, which contributes approximately 1% to its overall annual revenue. Headquartered in Colombo, CTC operates via two factories; the Colombo Factory and the Green Leaf Threshing Plant in Kandy.[1]

The CTC cigarette brands include John Player Gold Leaf (JPGL), Dunhill, Benson & Hedges, Capstan, Bristol, John Player Navy Cut, John Player Gold, State Express 555 and Shuangxi International.[6]

Directors and Employees: Past and Present

CTC is managed by a Board of Directors and an Executive Committee. In 2022, Board of Directors, headed by the Chairman, consisted of Eight Directors, of which 6 were Non-Executive Directors. The Executive Committee headed by the Chief Executive Officer also had five members.[1] Suresh Kumar Shah was appointed the Chairman of CTC since 1st February 2022 and Monisha Abraham as the Chief Executive Officer/Managing Director since 1st December 2021.[7] [8] A complete list of CTC's Board of Directors and the Executive Committee members can be found on the CTC website. In 2020, the number of permanent employees of CTC was 269, of which 16.7% (N=45) were reported as females.[1]

Details on past or present CTC employees and Directors listed below can be found in the respective TobaccoUnmasked pages:

Emma Ridley | Dinesh Weerakkody | Denis Perera | Ken Balendra | Lakmali Nanayakkara | Michael Koest | Ramesh Nanayakkara | Rukshan Gunatilaka | Stanley Wanigasekara | Susantha Ratnayake | Monisha Abraham


Up to 2017, CTC owned the following subsidiaries:

As of July 2022, Outreach Projects (Guarantee) Limited is the only subsidiary owned by the CTC. [9]


As of 31st December 2021, the number of shareholders of the CTC was 4,440. It was an increase by 531 from the number reported in 2020. Following were the 20 largest shareholders (in the descending order):

British American Tobacco International Holdings | Philip Morris Brand SARL | CB NY S/A Allan Gray Frontier Markets Equity Fund Limited | Pershing LLC S/A Averbach Grauson & Co. | SSBT-AL MEHWAR COMMERCIAL INVESTMENTS L.L.C | Northen Trust Company S/A - Fundsmith Emerging Equities Trust PLC | JB Cocoshell (Pvt) Ltd | RBC Investor Services Bank | Mrs. Jasbinderjit Kaur Piara Singh | Miss Neesha Harnam | Deutsche Bank AG Singapore A/C 01 | Mr. Jayawardena Sanjeeva Praneeth | Harnam Holdings SDN BHD | SSBT-Frank Russel Trust Company Comingled Benefit Fund Trust GNA | Seylan Bank PLC/W.D.N.H. Perera | Bank of Ceylon No 1 Account | Deutsche Bank AG AS Trustee For JB vantage Value Equity Fund | BNYM RE- GHI Holdings Mauritius | Mr. Ratnayake Susantha Chaminda | SSBT-PARAMETRIC Tax-Managed Emerging Markets Fund

They collectively owned 96.65% of shares. Except for JB Cocoshell (Pvt) Ltd, Bank of Ceylon No 1 Account, Seylan Bank PLC/W.D.N.H. Perera, Mr. Ratnayake Susantha Chaminda and Mr. Jayawardena Sanjeeva Praneeth, all the others were foreign investors.<ref=Annual2021/>


Individuals and institutions with affiliations to CTC are detailed in the pages in following categories:


CTC’s activities in Sri Lanka are detailed in the pages in following catagories:

Community Protests at the 2018 AGM

In 2018 April a protest was held in front of the CTC headquarters at the day of the Annual General Meeting (AGM), commemorating, with an all-faith service, the Sri Lankans who lost their lives due to cigarette smoking (Image 2). The protesters appealed to the investors to stop investing in a business that kills its consumers (Image 3).[10][11] A similar protest was reported in 2016.[12]

Image 02: A protest at the CTC headquarters in its AGM held on April 2018[10]
Image 03: Ada newspaper reporting the protest[11]

Punished for Delaying Court Procedures

In June 2018, Supreme Court of Sri Lanka ordered CTC to pay a plaintiff, who had filed a case for damages against them, an amount of LKR 400,000 (USD 2,500) as legal costs for deliberately delaying the court case at a lower court for 12 years.[13] The court case in question was initiated by a widow of a smoker seeking compensation for the lung cancer related death of her husband.[14][15] Please see our page Ceylon Tobacco Sued for a Smoker’s Death for more details.

Tobacco Unmasked Resources

The local language translations


Relevant Link

Ceylon Tobacacco Company’s website


  1. 1.0 1.1 1.2 1.3 1.4 Ceylon Tobacco Company PLC. Annual Report 2021, 2022, accessed July 2022
  2. British American Tobacco Website. Our history – a timeline, 2017, accessed May 2017
  3. Colombo Stock Exchange. Ceylon Tobacco Company PLC (CTC.N0000), 2017, accessed May 2017
  4. Ceylon Tobacco Company PLC. Annual Report 2016, 2017, accessed May 2017
  5. N.Arunathilake, M.Opatha, The Economics of Tobacco in Sri Lanka., Economics of Tobacco Control Paper No. 12, Tobacco Free Initiative, World Health Organization, 2003, accessed November 2016
  6. Ceylon Tobacco Company. Overview of our portfolio, undated, accessed July 2022
  7. Daily FT. Ceylon Tobacco gets first female MD/CEO, 2 December 2021, accessed December 2021
  8. The Morning. CTC appoints Suresh Shah as Chairman, 17 February 2021, accessed April 2022
  9. Ceylon Tobacco Company PLC. Annual Report 2020, 2021, accessed February 2022
  10. 10.0 10.1 Alcohol and Drug Information Centre (ADIC) Sri Lanka. Facebook page, 2018, accessed June 2018
  11. 11.0 11.1 Ada. සිගරට් භාවිතයෙන් මියගිය පුද්ගලයන් සිහිකරමින් මතක වස්ත්‍ර පූජාවක් සහ මහා පාංශුකූල පිංකමක්. 27 April 2018
  12. SN Ganewaththa. දුම් බී මියගිය අය සිහිකර මතක වස්ත්‍ර පූජා කර පාංශු කූලය දෙති, Divayina, 04 April 2016, accessed June 2018
  13. Daily Mirror. Delaying trial for 12 years: SC orders CTC to pay widow Rs.400,000 as costs 16th June 2018, accessed June 2018
  14. Supreme Court of Sri Lanka. S.C. Appeal 102/2009, 14th June 2018, accessed June 2018
  15. S Samarasinghe. Tobacco faces smoking death case, Nation.lk, 2nd November 2008, accessed June 2018