Lanka Commodity Brokers Ltd commenced business in 2003 and the maiden catalogue was put up for auction on 01st/02nd July, 2003 with a modest 164 lots on offer. Since that time, the Company has grown within a short space of under 15 years to become a leading broker offering up to 2500 lots per week at Colombo Tea Auctions. Lanka Commodity Brokers Ltd has a market share of 13% in the Main Sale High & Medium section of the sale and also controls 16% of the Low Grown catalogue. The Total Market Share of LCBL is now 14%. LCBL also has acquired controlling interests of another firm of Tea Brokers with a market share of 15.25% and therefore has an overall market share of 29.25%.
The specialist strength of the Company is derived from the expertise of a highly skilled and talented team of professionals who have been head hunted from amongst the long-established firms of brokers. Additionally, the Company offers expert advice on Tea Manufacturing.
The Company offers an unparalleled service to its clients with state of the art warehousing facilities, cutting-edge marketing advice to clients, long and short term financial assistance and expert manufacture and technical advice to its clientele. LCBL also has a working arrangement with a well recognized Commercial Bank as well as a large Insurance Company through which the clientele of LCBL is in a position to obtain credit facilities and factory insurance at highly competitive rates.