WHO WE ARE
Sri Lanka State Trading (General) Corporation Limited is a fully government owned institution functioning under the purview of the Ministry of Industry & Commerce. STC has been in the business for over 45 years with ample experience in catering to both public and private sector.
Sri Lanka State Trading (General) Corporation was established under the Sri Lanka State Trading Corporation Act. No 33 of 1070 and notified in Gazette Extraordinary No 14, 939/10 dated 05.01.1970- the date on which the corporation commenced its trading operations.
In 1992, the STC was converted into a Public Limited Liabilities company under the Conversion of Public Corporations and Government owned business undertaking in to Public Companies. The “Lanka General Trading Company Limited” was then established and registered under the Companies Act, No. 17 of 1982, under Company No. N [PBS/CGB]148.
The Company’s name was changed to “STC General Trading Company Limited” in 07.06.2002 and it was subject to change again on the 01.10.2010, giving the organization its current name- “Sri Lanka State Trading (General) Corporation Limited”. The company’s ordinary shares are fully-owned by the State and are held by the Secretary to the Treasury on behalf of the State.
WHY CHOOSE US
The State Trading (General) Corporation is an esteemed institution well-rooted in the corporate sphere of our nation, owing to our ability to cater to a large variety of industries and segments. Our business strength is amplified through our competent and professional staff, who possess years of experience working in a variety of fields.
As the state supply giant that caters to leading public and private sector institutions, STC provides a wide range of products and services including office stationery and equipment, construction and hardware items, medical equipment, educational requisites, sports goods , ICT products, electrical & electronics, office furniture, FMCG, automotive batteries & tyre, agricultural products, power tools & hand tools, chemical products etc.
Over the decades, STC has introduced world-recognized brands such as HP, DELL and Lenovo Branded Computers, STC General Air conditioners, Yokohama tyres, ‘Exide’ automotive batteries, ‘Orange’ Electrical items to Sri Lanka, in a bid to increase the operational efficiency of corporates islandwide.
As the country is experiencing progressive growth in segments such as tourism, construction, agriculture and manufacturing, STC is geared to help the nation thrive in the future, with their range of services.
The Ministry of Industry and Commerce is a key institution that has the power and capacity to promote competitiveness and fair trade in the market while securing the interests of local manufacturers and consumers. The Ministry also promotes cooperative services and contributes to the development of human resources in order to create a knowledge-based economy.
OBJECTIVES OF THE MINISTRY
|Regulate the market to protect the rights of consumers, promote setting up of institutions and fair trading.|
|Implement Tariff policy as an instrument to control market behaviour, in safeguarding interests of local producers and consumers.|
|Implement consumer relief programmes through state organizations such as Lak Sathosa, State General Trading Corporation and, Co-operative Wholesale establishment by promoting fair trading in an open competitive market.|
|Promote interaction between consumers and co-operatives by strengthening the Co-operative Movement and by empowering and modernizing sale centers.|
|Establish Dedicated Economic Centers with the objective of maintaining local agricultural product prices at sustainable levels by linking agricultural producers with wholesale traders and consumers.|
|Ensure implementation of measurements and standards for the benefit of business community as well as consumers.|
The State Trading Corporation plays a vital role and a key organization under the purview of the Ministry which is now expanding the services in the new era of the gigantic variety of highly fluctuating market segments.
The Executive Management lead by our charismatic Chairman has been instrumental in giving meaningful direction to the organization while ensuring the achievement of our corporate objectives.
While overseeing the management and operations of the corporation keeping in mind the best interests of our valued stakeholders, the Executive Management also lays down the future strategic direction of the STC to make the organization a competent provider of modern business solutions.
Mr.Hussein Ahamed Baila
MESSAGE FROM HON. MINISTER RISHAD BATHIUDEEN
STC is a competitive, profit-making public firm with a dedicated staff that has the ability to show the way for other loss-making public institutions. It was named as the best institute recently by the Committee on Public Enterprises (COPE).
MESSAGE FROM CHAIRMAN/MD HUSSEIN AHAMED BHAILA
The implementation of STC’s efficient business model during the past years has enabled us to achieve the current level of success, providing value to our customers.
STC’s customers form the main pillar of our success. Year after year, STC has built a reputable image in its pursuit of excellence, winning the trust and confidence of its customers and industry partners. STC has delivered consistent operational performance and financial results even during the recent adverse global economical conditions and shall endeavor to perpetuate these achievements in the future.
Our vision is to be the National Business Leader. STC will continue to acquire new techniques for the expansions of its portfolio, always keeping in mind our customers’ needs and requirements.
Committed to development of human capital STC has long embarked on a strategy to recruit and train adequate management staff in order to support its growing portfolio. Further, the company is on track with its goal of employing and training nationals with the aim of preparing them for leadership positions in the company. STC employees conduct their duties with the highest integrity and corporate governance.
STC is supplying a significantly sizable order of Office Supplies and Equipments, Home Appliances, IT & Telecommunication Accessories, Electrical & Electronic Accessories, Fast Moving Consumer Goods, Tyre & EXIDE Batteries, Agricultural Equipments, Machinery Tools & Hardware and Motorbikes.
We are proud of our past and passionate about our future and look forward to continuing our success alongside each of our partners