The SAG group of companies

The St. Anthony’s Group (SAG), which is one of Sri Lanka’s largest and oldest conglomerates, was the brainchild of Deshamanya A. Y. S. Gnanam, a visionary who built a multi-billion rupee enterprise based on hard work and perseverance. Solid fiscal management, impeccable ethics, and strong business acumen have created a diversified business empire that has several pioneering firsts to its credit. SAG is a diversified conglomerate involved in BPM (SAKS and SAKS Analytics), manufacturing (Anton PVC / Tokyo Cement / Rhino Roofing), real estate (OrionCity), building materials, agriculture, plastics, and co-working offices (Hatch) that offer a supportive space where young entrepreneurs can meet, work with, and learn from others with a focus on collaboration and support.

The St. Anthony’s Group (SAG), which is one of Sri Lanka’s largest and oldest conglomerates, was the brainchild of Deshamanya A. Y. S. Gnanam, a visionary who built a multi-billion rupee enterprise based on hard work and perseverance. Solid fiscal management, impeccable ethics and strong business acumen have created a diversified business empire that has several pioneering firsts to its credit.

SAG is a fully diversified conglomerate

They are involved in Business Process Management via SAKS Global. Software Development via Veracity Dev. Data Science and AI via VeracityAI. Industrial manufacturing via Anton, Tokyo Cement, Rhino Roofing. Real Estate via OrionCity. Mentoring, Incubating, Acceleration, Co-working, Office spaces, Meeting Rooms, Community Events via Hatch, and a Tier 3 Data Centre via OrionStellar

1942

Established

$

300

Mn

Annual turnover

$

110

Mn

Fixed assets

6000+

employees

SAKS Global Head Office

Our offices are located in Nawala, a bustling district just 15 minutes from the heart of the capital, Colombo. SAKS occupies 18,000 square feet of office space in a state-of-the-art modern building.

Hatch

A sister company of SAKS and a group company of the St. Anthony’s Group (SAG), Hatch is the brainchild of two visionaries who saw the potential for exponentially growing the Sri Lankan GDP through creating a platform designed to improve and develop the entrepreneurial ecosystem in Sri Lanka, thus contributing to the development of a resilient local economy. Understanding the shift towards an entrepreneurial mindset and low access to bank funding for young entrepreneurs, we wished to support entrepreneurship through networking.

Hatch is more than co-working spaces.

It is a supportive space where young entrepreneurs can meet and learn from others where the focus is on collaboration and support.

About Sri Lanka

Sri Lanka is emerging as a global IT business process outsourcing (BPO) destination of choice in a number of key areas. Sri Lanka was named the Delivery Destination of the Year by the UK Global Sourcing Association (GSA) in 2019, and was ranked 17th among the top 50 global outsourcing destinations in 2017 by AT Kearney, moving up three slots from 2016.

Sri Lanka’s software industry produces world-class products and has grown significantly over the past decade. The software services sector includes telecommunications, banking, financial services, and insurance (BFSI), and software testing. The BPO sector includes financial and accounting services, investment research, engineering services, and UK-based legal services. According to the World Bank, Sri Lanka has relatively low labour costs compared to other BPO destinations.

Telecommunication, computer, and information services are key growth components within the services sector and delivered steady growth in 2017. Total earnings from the ICT sector amounted to $920 million in 2017, growing by about 8.0 percent over the previous year. In 2017, the country initiated the adoption of fifth-generation (5G) technology which will enable state-of-the-art applications using robotics and digital business solutions.