March 6, 2024
DIMO-HEALTHCARE.jpg

3min

DIMO Healthcare, the healthcare arm of leading diversified conglomerate DIMO, partners with Varian, a Siemens Healthineers Company to introduce cutting-edge treatment solutions to clinicians specializing in radiation oncology in Sri Lanka. This collaboration also provides access to a range of advanced imaging technologies and services.

Varian, a market leader in the global oncology industry, brings extensive expertise in delivering innovative cancer care solutions. Varian technologies are already making a significant impact in Sri Lanka, deployed at institutions such as Apeksha Maharagama, Asiri Surgical Hospital (Colombo 5), and Ceylinco Cancer Centre (Colombo 2). The objective of this partnership is to enhance the accessibility of advanced cancer care across the country.

 



 

Mr. Wijith Pushpawela, Executive Director of DIMO, who oversees DIMO Healthcare stated, “Access to advanced cancer care shouldn’t be a privilege. At DIMO Healthcare, we believe everyone deserves a fighting chance. This partnership with Varian is not just about cutting-edge technology; it’s about fuelling dreams and aspirations by Building a Healthier Nation.”

Varian’s Intelligent Cancer Care solutions seamlessly integrate diagnosis, treatment, and follow-up care into a connected care pathway, optimizing workflows and outcomes for patients. This, coupled with Siemens Healthineers’ extensive MedTech expertise, brings unprecedented efficiency and effectiveness to Sri Lanka’s cancer fight.

DIMO Healthcare’s partnership with Varian empowers Sri Lankan patients with a comprehensive cancer care journey, from faster diagnosis through to cutting-edge imaging technologies and personalized radiation therapy plans. These services can also help streamline workflows and create efficiencies for clinicians, creating the potential to treat more patients .

DIMO Healthcare has a team of highly trained biomedical engineers boasting a proven track record of rapid installations, minimal downtime, and meticulous quality control. DIMO Healthcare will ensure the seamless integration and ongoing maintenance of Varian’s sophisticated technology.

This partnership  between DIMO Healthcare and Varian marks a significant milestone in Sri Lanka’s fight against cancer.

 



 


February 26, 2024
CARPITAL-Advisory-Services-by-DIMO-CERTIFIED-LBN.jpeg

4min

DIMO, a long-standing trailblazer in Sri Lanka’s mobility industry, launched CARPITAL Advisory Services by DIMO CERTIFIED a Complimentary advisory service tailored for pre-owned luxury vehicle buyers and  sellers. CARPITAL facilitates buyers and sellers with right direction to capitalise the Financial Gain hidden in their Appreciated Vehicle Asset or to make correct investment decision on pre-owned luxury vehicles.

Navigating the volatile pre-owned luxury vehicle market amidst import restrictions and rising market values can be challenging. CARPITAL offers complementary expert guidance and consultation, throughout the entire buying and selling journey of pre-owned luxury vehicles, ensuring risk-free, 100% transparent transactions with absolute peace of mind.

 



 

Tharanga Gunawardena, General Manager – Passenger Vehicle Sales of DIMO, explained, “CARPITAL addresses a crucial need for informed decision-making in the pre-owned luxury vehicle market. Our CARPITAL Advisers who are experienced Luxury Vehicle Sales Professionals, provide comprehensive guidance on selling and buying luxury vehicles, ensuring a smooth and  informed journey for our clients at a crucial time when market values of luxury vehicles have  appreciated. Furthermore, they can also propose other investment options to grow the financial gain realized upon disposal of the appreciated luxury vehicle asset. CARPITAL transcends mere transactions by offering comprehensive consultation services, guiding clients through the sale of their appreciated Luxury Vehicle advising on upgrading, downgrading, switching to another brand within the same price range. Furthermore, they even may extend advice in unlocking the vehicle’s financial gain unleashed upon the sale with strategic re-investment options.”

Avoiding pre-owned luxury vehicle pitfalls is crucial in this business with ensuring in-depth inspections to uncover tampered mileages, hidden repair costs, and improper maintenance. Hidden accident histories and potential legal issues related to forged vehicle documentation can impact safety and resale value.

CARPITAL also streamlines the buying and  selling process, providing access to a wide database of genuine buyers of leading luxury brands Mercedes-Benz, Jeep, Audi, BMW, Land Rover, and Range Rover.

For sellers, CARPITAL Advisers provide the highest price for their existing luxury vehicle upon a real market value assessment  and timely guidance. Comprehensive valuations conducted by DIMO’s trained Automobile Experts ensure transparency and eliminates guesswork, empowering sellers and buyers to make informed decisions.

All luxury pre-owned vehicles offered to  prospective clients are handpicked, fully refurbished with assured aftersales services and 1-year unlimited mileage warranty ensuring  added ‘peace of mind’.

DIMO CERTIFIED Customers benefit from 100% ownership transfer and backed by DIMO trust for over 85 years, as the only authorized general distributor for Mercedes-Benz, Chrysler and Jeep in Sri Lanka.  While primarily serving existing luxury vehicle owners, CARPITAL also welcomes individuals aspiring to upgrade to a luxury vehicle in the future.

Connect with a CARPITAL Adviser at DIMO CERTIFIED to experience exclusive ‘peace of mind’ and transparent services offered in Sri Lanka.

 



 


January 2, 2024
SAFA-Awards.jpg

2min

 



 

 

DIMO, a leading diversified conglomerate, in Sri Lanka continues to shine at a global scale clinching the Joint Gold Award in the Diversified Category, and another Gold Award for Integrated Reporting at the recent South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards, Integrated Reporting Awards, and SAARC Anniversary Awards for Corporate Governance Disclosures Competition 2022 showcasing its excellence in corporate reporting.

These accolades underscore DIMO’s dedication to setting new benchmarks in corporate reporting and contributing to a culture of transparency in the South Asian business landscape. Mr. Sudath Mahagedara General Manager – Finance of DIMO, and Ms. Amali De Zoysa Senior Manager – Group Financial Planning & Control of DIMO accepted the awards on behalf of DIMO at the ceremony held in India recently.

 



 

 


December 21, 2023
Leasing-promo-2023-DIMO-LBN.jpg

4min

 



 

 

The Commercial Bank of Ceylon and DIMO have come together once again to offer attractive discounts and other benefits to customers who obtain leasing facilities for the purchase of commercial vehicles and agri machinery from DIMO.

The promotion covers the popular TATA Ace HT2, widely known locally as ‘DIMO Batta’ in the commercial vehicle segment; and tractors from the Mahindra and Swaraj brands and LOVOL combine harvesters in the agriculture machinery segment.

The special offers on TATA Ace HT2, valid till 30th June 2024, will provide an exclusive discount of Rs 15,000 apart from the general discount of Rs 600,000 and free RMV registration from DIMO, with a 1% reduction on the standard interest rate on the leasing facilities from Commercial Bank.

Under this special leasing facility DIMO will offer a four-year comprehensive warranty, a free farmer kit and free oil filters for two years on Mahindra and Swaraj tractors and a one-year comprehensive warranty on LOVOL harvesters leased during 1st December 2023 to 30th November 2024. Covering the commercial vehicle segment and Agri machinery, Commercial Bank will offer an interest rate that is 0.5% lower than the standard rate for leases under this partnership.

Additionally, Commercial Bank’s popular ‘Kanna Varika’ (Seasonal Payments) option where the leasing

packages correspond to the farmers’ income patterns, with rentals serviced only during harvesting periods, will be applicable for the leases of tractors and harvesters.

The Bank said this promotion is intended to enable the farming community in the country to access the latest technology and equipment, thereby contributing to national economic development via improved efficiency and higher outputs.

DIMO is a leading diversified conglomerate in Sri Lanka with its corporate purpose of fuelling dreams and aspirations of the communities it serves. Since its inception over eight decades ago, the company is driven by perfect partnerships, having diversified into wide spectrums of sectors including Agriculture; Building Services; Construction; Digital; Education; Healthcare; Home & Garden; Industrial; Mobility; Power, Energy & Water. DIMO provides world class solutions and represents best engineered brands in the world, while adding value and convenience to the lifestyles of the consumers in a responsible and an ethical manner.

A leading leasing solutions provider in Sri Lanka, Commercial Bank is the largest private sector bank and the first 100% carbon neutral bank in the country, and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World. The Bank operates a network of 271 branches and 964 automated machines in Sri Lanka, is the largest lender to Sri Lanka’s SME sector, and is a leader in digital innovation in the country’s Banking sector. Commercial Bank has the widest international footprint among Sri Lankan Banks, with 20 outlets in Bangladesh, a Microfinance company in Nay Pyi Taw, Myanmar, and a fully-fledged Tier I Bank with a majority stake in the Maldives.

 



 

 


December 20, 2023
LOVOL-Harvester-LBN.jpg

4min

 



 

 

DIMO Agribusinesses achieved a notable feat by doubling the LOVOL harvester market share in the previous season, establishing increased popularity within the Sri Lankan farming community. This success is attributed to the distinctive aftersales service provided for LOVOL harvesters.

Elevating the mechanization of agriculture in Sri Lanka, DIMO Agribusinesses, the agriculture arm of DIMO, launched the LOVOL harvester, offering farmers the opportunity to actualize their harvesting aspirations. With LOVOL aftersales service farmers received personalized information on maintenance and regular advice to minimize maintenance costs while maximizing machine efficiency. The harvester maintenance was conducted at a reduced cost for farmers by offering exclusive discounts on essential spare parts needed for service. This enabled farmers to prepare their harvesters well before the cropping season, ensuring maximum efficiency in harvesting. The company’s door-to-door service approach has allowed for a comprehensive understanding of customer needs, enabling the delivery of top-notch service to its clientele.

Rajeev Pandithage, Executive Director of DIMO who also oversees the agriculture machinery segment in the group, expressed, “We take immense pride in pioneering the agriculture mechanization in Sri Lanka. Being the first company to introduce combined harvesters to our country over a decade ago was a significant milestone. We have continued to evolve, serving both premium and mid-range segments with world-class machinery. By offering the appropriate machinery and unmatched aftersales care, we are transforming the way farming is done in Sri Lanka while fuelling the dreams and aspirations of the farming community through comprehensive agriculture mechanization. We are proud to have doubled our market share of LOVOL Harvesters, but even prouder of the impact it has had on Sri Lanka’s farming communities.”

Within a short period, Sri Lankan farmers encountered numerous challenges, including drought, fertilizer shortages, fuel scarcity, and high interest rates. In response, the support offered by DIMO Agribusinesses for their LOVOL harvester servicing was a strong backing for them. Consequently, LOVOL gained increased popularity among the Sri Lankan farmers. The provision of appealing leasing options in partnership with diverse financial institutions, a one-year warranty period, and the widespread presence of LOVOL sales agents across the island have collectively contributed to the swift expansion of this market share.

DIMO Agribusinesses is advancing further by establishing associations for harvester machine owners and operators. These associations aim to impart essential mechanical knowledge, offer guidance on proper operations, and raise awareness of best practices in the agriculture industry.

 



 

 


December 20, 2023
DIMO-Team-with-Awards-LBN.jpg

4min

 



 

 

In a resounding testament to its commitment towards transparency, DIMO secured four accolades at the TAGS Awards 2023 organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently.

DIMO clinched the Gold Award in Integrated Reporting (Shared) underscoring its outstanding performance and leadership in integrated reporting. The Gold Award in the Diversified Holdings -Group Turnover up to 50Bn category, is another feather adding to their continuous success in this segment.

Silver Award in Digitally Transformative Reporting (Shared) acknowledges DIMO’s digital prowess while recognizing the company’s innovative approach to reporting in the digital age. DIMO’s commitment to sustainability garnered the Bronze Award, reflecting its well-structured sustainability agenda covering business, people, and the environment, which was perfectly articulated in the sustainability report. The 2022/2023 Annual Report provides a clear understanding of DIMO’s sustainability philosophy, aligning with global best practices.

Mr. Gahanath Pandithage, Group Managing Director/CEO of DIMO, commenting on this accomplishment said “We are happy and honoured to celebrate this Quadruple Victory at TAGS Awards. This achievement further reaffirms our commitment towards transparency”.

The company’s 2022/2023 Annual Report, themed “Accelerating into the Future,” seamlessly portrays how it transformed its purpose into value across capital, governance, risk management, sustainability, and stakeholder engagement.

At the heart of DIMO’s success is its adherence to global reporting standards and best practices. The 2022/2023 Annual Report stands as a beacon of transparency, accountability, governance, and sustainability showcasing the company’s robust strategy, value creation, governance structures, ESG practices, management philosophies, and risk management strategies.

DIMO’s approach to integrated reporting is exemplified in its concise, complete, and connected report. Compliant with standards and best practices DIMO has been continuously adopting, demonstrating their commitment to corporate discipline and adherence to regulations, further fostering trust among stakeholders.

Going beyond traditional reporting, with its Digital Transformation strategy DIMO unveiled the first micro-site for its 2022/2023 Annual Report. This new sophisticated microsite features Interactive graphs, supplementary information, and QR codes for easy access to videos, providing stakeholders with a seamless and engaging experience.

DIMO’s victorious 2022/2023 Annual Report has redefined excellence in outlook presentation, offering a precise insight into the company’s prospects, future value creation, and risk management. The report underscores DIMO’s ability in securing quality capital, showcasing a solid root to transparency and strategic foresight that led to this distinguished recognition.

DIMO’s triumph at the TAGS Awards 2023 emphasizes its unwavering dedication to setting the highest standards in integrated reporting, paving the way for a future where transparency, accountability, governance, and sustainability are paramount.

 



 

 


December 6, 2023
DIMO-Team-with-the-award-LBN.jpg

4min

 



 

 

DIMO has been honored with the Special Award for Best Critical Risk Management Strategy at the recent National Occupational Safety and Health Excellence Awards. This recognition underscores DIMO’s steadfast commitment to ensuring occupational safety during the implementation of the Habarana Grid Substation project for the Ceylon Electricity Board (CEB), the largest substation project in Sri Lanka.

In collaboration with its principal partner Siemens, DIMO carried out a total Civil and Electrical work of 220/132/33kV Habarana Grid Substation project. DIMO also executed the entire design of civil works, on-site construction, installation, testing, and commissioning work of the project.

Throughout the project implementation, DIMO maintained an unwavering focus on occupational safety and health. This involved the identification and assessment of critical risks, analysis of job safety, enforcement of control measures, implementation of risk mitigation plans, issuance of safe work method statements, adoption of a work permit system, and implementation of operational controls. The company also implemented change management procedures and behavioral-based safety initiatives to ensure the highest safety standards. This approach allowed DIMO to successfully complete the project and hand it over to the CEB, reporting over one million safe man-hours without any fatalities or major accidents.

Gahanath Pandithage, the Group Managing Director/CEO of DIMO, stated that the company’s corporate purpose of fuelling the dreams and aspirations of communities reflects its commitment to the well-being of our stakeholders. This achievement exemplifies the company’s dedication to creating a secure workplace for its employees and implementing responsible projects at the national level, benefiting different stakeholders.

Wijith Pushpawela Executive Director of DIMO, who also oversees the Power and Energy arm of the Group said that while undertaking the civil and electric work of the Habarana Grid Substation project, the company performed a spectrum of activities, including the construction of the tower and transformer foundations, gantry tower erection, cable laying and installation of transformers. The importance of prioritizing safety in national-level projects like the Habarana Grid Substation is a crucial element. Occupational health and safety at the project site were integral features from inception, ensuring project efficiency and continuous progress in an accident-free working environment while minimizing direct and indirect costs associated with accidents, he added.

Organized by the National Institute of Occupational Safety and Health (NIOSH), in collaboration with the Ministry of Labour and Foreign Employment, these prestigious awards honor fostering occupational well-being and safety within Sri Lankan industries.

 



 

 


December 5, 2023
StarDiscovery-LBN.jpg

1min

 


 

 

DIMO, The HOME for Mercedes-Benz, hosted an exclusive evening – The Mercedes-Benz StarDiscovery+ to uncover the mysteries behind the iconic three-pointed ‘Star’ for their Mercedes-Benz clients recently.

The StarDiscovery+, led by Mercedes-Benz AG Trained Technical Experts, took attendees on a journey of Model-Specific Technical Advice. Expert tips and insights into the art of servicing and maintaining these precious ‘Stars’ left guests enchanted, immersing them in the world of the Mercedes-Benz Aftersales Experience offered by DIMO, The HOME for Mercedes-Benz.

 


 

 


November 24, 2023
DIMO-Care-Camp-Image-LBN.jpg

4min

 



 

 

DIMO Agribusinesses concluded the “DIMO Care Camp,” a complimentary tractor service camp strategically organized in agricultural regions across the island. The camp, which was aimed at assisting farmers in their season preparations, garnered significant participation from a large number of tractor owners, marking its success.

DIMO Agribusinesses, the agricultural arm of DIMO, delivers top-notch agriculture machinery from globally renowned brands such as Mahindra and Claas to Sri Lanka, accelerating agriculture mechanization in the country. Extending its commitment beyond delivering cutting-edge machinery, the company fosters world-class aftersales care for agriculture machinery further strengthening mechanization in the industry. The main objective of the “DIMO Care Camp” initiative was to deliver top-notch service to all tractor owners preparing for the Maha season, leveraging the company’s extensive experience and expertise in providing after-sales services for agriculture machinery. With this objective “DIMO Care Camp” offered complimentary inspection and service for any tractor brand while providing exclusive discounts on spare parts for the tractor owners gearing for Maha season.

The “DIMO Care Camp” initiative spanned 12 days, reaching several agricultural districts including Batticaloa, Kurunegala, Anuradhapura, Polonnaruwa, and Ampara. In each of these districts, the programme was specifically focused on the towns of Chenkaladi, Uhana, Sewanapitiya, Galnewa, Ibbagamuwa, and Galenbidunwewa successfully. Numerous tractor owners across various brands actively engaged in these programmes experiencing internationally acclaimed service excellence.

Mr. Mahesh Karunaratne, Chief Operating Officer of After Sales Services at DIMO said, “DIMO is expanding its presence across all facets of the agriculture value chain while fuelling the dreams and aspirations of the Sri Lankan farming community. The “DIMO Care Camp” initiative strives to bolster the farming community as they prepare for the season by leveraging our service expertise. With such programmes, our main goal is to guide farmers towards agricultural mechanization, ultimately enhancing productivity.

DIMO not only brings agricultural machinery but also power tools, tires, and automotive spare parts from world-renowned brands to Sri Lanka. Additionally, under the DIMO Lumin brand, the company provides high-quality lighting solutions to customers in Sri Lanka. Participants in the “DIMO Care Camp” programme had an opportunity to explore these products and enjoy exclusive discounts for purchasing them. An eye clinic was also organized for the visitors while facilitating free eye examinations. Enhancing the overall experience of the “DIMO Care Camp,” various entertaining games and special activities were organized in collaboration with FM Derana Radio.

The “DIMO Care Camp” marks the inaugural service program accessible to all tractor owners in Sri Lanka. Given the enthusiastic response from the farming community, DIMO Agribusinesses has decided to make this programme an annual event.

 



 

 


October 26, 2023
Boat-tractor-with-roof.jpg

4min

 


 

 

DIMO, a leading diversified conglomerate in Sri Lanka, once again affirms its commitment towards innovation in agriculture with the launch of the country’s first boat tractor, the Bison through its agriculture arm, DIMO Agribusinesses.

The Bison Boat Tractor stands out as the only tractor suitable for any paddy field. What sets this boat tractor apart is its remarkable ability to perform deep puddling, making it ideal for marshy paddy fields where conventional land preparation methods often fall short.

Rajeev Pandithage, Executive Director of DIMO who also oversees the Agriculture machinery segment in the group, commented on the significance of this innovation, stating, “The Bison Boat Tractor is the latest introduction by DIMO for empowering the agriculture mechanization drive in the country. This latest innovation will redefine the cultivation mechanisms in the country while fuelling dreams and aspirations of the farming community.”

One of the standout features of the Bison Boat Tractor is its remarkable efficiency, capable of completing puddling on one hectare of land in less than an hour. With the Bison Boat Tractor, farmers can significantly reduce both the time and cost associated with land preparation. Depending on the field condition, farmers can reduce land preparation costs by an impressive 75-90%  while saving 60-70% on time through this tractor. Machinery like Bison Boat Tractors will enhance the working standards of farmers minimizing contact with mud while lowering the possibility of spreading diseases such as Leptospirosis.

DIMO Agribusinesses’ Bison Boat Tractor boasts a fuel efficiency of 5-6 liters of diesel per acre and is equipped with a 22-horsepower engine, ensuring optimal performance in the field. Moreover, the deep puddling capabilities of the Bison Boat Tractor result in even mixing of the soil, providing essential nutrients to crop roots. The tractor maintains a well-balanced surface level across the paddy field, contributing to efficient water management. Additionally, deep puddling aids in weed control by destroying weed fractions and promoting healthy growth in the root system of the crops.

DIMO Agribusinesses’ commitment to the agricultural sector extends beyond innovation. The company offers unmatched after-sales services covering every corner of the island, ensuring that farmers can rely on the Bison Boat Tractor with confidence. The tractor’s design, featuring two iron wheels, a rack, roller, and plug disk, makes it ideal for working in muddy lands, further enhancing its versatility.

DIMO Agribusinesses’ introduction of the Bison Boat Tractor represents a significant contribution to agriculture mechanization in Sri Lanka. It opens up new possibilities for utilizing a broader range of cultivation fields, whether muddy or normal.  This also exemplifies DIMO Agribusinesses’ commitment to bring the next generation Agriculture to Sri Lanka.

 


 

 



About us

Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




Follow Us


Newsletter