Board of Directors

The Board of Directors of hBS endeavors to provide leadership through effective formulation and execution of policies and procedures to attain the objectives of the Company. The Board assumes ultimate responsibility for corporate governance within the Company. As at the date of the Prospectus, the Board comprises seven (7) Directors of whom two (2) are Executive Directors including the Chairman. The remaining five (5) are Non-Executive Directors of whom three (3) are Independent. Board members are established personnel in their respective professional fields with several serving on the boards of international organisations, collectively providing diversity and balance of skills for effective stewardship.

Mr. Dinesh B. Saparamadu

Chairman, Executive, Non-Independent

Appointed to the Board on October 5, 2005  
Mr. Dinesh Saparamadu is the Founder and Chairman of the hSenid Group of Companies. He began his career with Aetna Life and Casualty, Connecticut, USA where he worked as an Enterprise Technology Consultant. He then joined Pepsi Cola in New York as a software professional. As an entrepreneur in Sri Lanka, he has established over twelve companies over the course of three decades. The hSenid Sofware International Group is a leader in the enterprise and mobile application market and serves over 45 countries with thousands of customers worldwide.

The latest company founded by Mr. Saparamadu is Applova Inc. based in Silicon Valley, USA, focused on delivering innovative e-commerce solutions for restaurants. Mr. Saparamadu is extremely passionate about supporting Sri Lanka’s IT industry and is a Founding Member and a Past Chairman of the Sri Lanka Association of Software and Service Companies (SLASSCOM).

In appreciation of his contribution to shaping the ICT landscape in Sri Lanka, he has been recognized locally and internationally on several occasions, receiving the “ICTA Most Outstanding Contribution Award” in 2012, “Sri Lankan Entrepreneur of the Year Award” in 2014 and the SLASSCOM Chairman’s Award in 2016. Mr. Saparamadu has an MSc in Computer Science and BSc in Computer Engineering from the University of Bridgeport, USA and completed the Executive Program for Growing Companies at Stanford University Graduate School of Business, USA.

Sampath

Mr. J. M. Sampath K. Jayasundara

Executive Director/ Non-Independent - Chief Executive Officer

Appointed to the Board on August 20, 2007
Mr. J. M. Sampath K. Jayasundara is the Chief Executive Officer and an Executive Director (Non-Independent) of hSenid Business Solutions Limited. With over 20 years of experience in the ICT industry, he joined hSenid as a Project Lead in 2000, going on to hold a number of key positions across the organisation including Manager Operations, Head of Business Development and General Manager.

He holds a Post Graduate Diploma in Computer Science from the University of Colombo, and an MBA from the Post Graduate Institute of Management, University of Sri Jayewardenepura. He also serves as a lecture panel member of the Chartered Institute of Personnel Management (CIPM) of Sri Lanka, and a lecturer at the Open University of Sri Lanka (OUSL), Postgraduate Institute of Management (PIM), University of Sri Jayewardenepura and Finance and Management faculty of the University of Colombo, for postgraduate studies.

Mr. Jayasundara is also the Co-founder/Director of Pioneer Institute of Business and Technology (Pvt) Ltd, an institute offering IT and Business degree programs in affiliation with the University of Greenwich, UK. He serves as a Director at SLASSCOM, the industry chamber for the IT/BPO industry and is a member of the Advisory Committee of ICT/BPM sector of the Export Development Board.

Mr. Apurva Udeshi

Non-Executive, Non-Independent

Appointed to the Board on November 21, 2011
Mr. Apurva Udeshi is the Managing Director of Argent Capital, Founder of Aiken Labs, Co-Founder of Avantrio, and a Founding Board Member of the Lankan Angel Network. He has over ten years of experience in the Investment Management industry and over five years in the Technology industry. Argent Capital was set up by Mr. Udeshi in 2011 and is a sector agnostic structured fund that invests across Private Equity, Listed Equities, Fixed Income Trading, Real Estate and Startups. Aiken Labs and Avantrio are software services development studios that specialize in designing, prototyping, building and integrating high-tech platforms and software solutions.

Mr. Udeshi earned his undergraduate degree in Computing from Imperial College, London where he graduated with First Class (Hons) placing him in the top 10% of his class. He is also a Dissertation Prize Winner. He began his career at Nomura International, London, where he worked for a year trading European Convertible Bonds before moving to Kotak Mahindra, London. At Kotak, he set up the London Bond Trading Desk and headed it for three years.

Ms. Dishnira R. Saparamadu-Ariyarathne

Non-Executive, Non-Independent

Appointed to the Board on September 20, 2021
Ms. Dishnira Saparamadu is the founder and CEO of Thambili Island (Pvt) Ltd. She graduated from the University of Nottingham, UK where she obtained a Bachelor of Science degree in Finance, Accounting and Management with an emphasis on Marketing. Possessing a keen interest in marketing, she went on to undertake Digital Marketing training at General Assembly in San Francisco, USA.

Upon returning to Sri Lanka, she began her first job as a Business Analyst at Millenium IT ESP. Following her stint in IT Services, she took the bold move of building her own fashion label. As a young entrepreneur with a firm determination to build her business on the

pillars of ethical fashion and community empowerment, Ms. Saparamadu founded Thambili Island (Pvt) Ltd and works closely with a talented group of local artisans.

With a proven track record in Digital Marketing and Strategy, Ms. Saparamadu is a Marketing consultant to AppiGo International, a B2B e-commerce platform serving restaurants, retailers and grocery providers island-wide

Mr. Madu Ratnayake

Non-Executive, Independent

Appointed to the Board on September 20, 2021

Mr. Madu Ratnayake is the Executive Vice President, Global Chief Information Officer at Virtusa Corporation. Virtusa is a global provider of digital business strategy, digital engineering, and information technology services to Fortune 1000 companies across North America, Europe, Middle East, and Asia.

Mr. Ratnayake is part of the Executive Leadership team at Virtusa that led its growth from startup stage to a USD 2 billion NASDAQ listed public company with over 28,000 team members globally. He serves as an independent non-executive director at Hatton National Bank PLC and provides strategic oversight for the bank’s digital journey. He is a board member of the government’s digital agency, ICTA and cybersecurity agency, SL CERT.

He plays several advisory roles across academia and tech startups in India and Sri Lanka. He is a Past Chairman of the Sri Lanka Association for Software and Services Companies (SLASSCOM), the industry chamber for the IT/BPO industry. Mr. Ratnayake holds a Bachelor’s in Software Engineering from City, University of London and an MBA from the Postgraduate Institute of Management, Sri Lanka. More recently he received an Executive Certificate in Digital Business Strategy from the MIT Sloan School of Management.

Mr. W. Malinga. De F. Arsakularatne

Non-Executive, Independent

Appointed to the Board on September 20, 2021
Mr. Malinga Arsakularatne is the Co-Owner / CEO of Acorn Group. He has 25 years of experience in investment management, corporate finance, business strategy and general management. He was with the Hemas Group for 16 years until March 2020.

During his last four years at Hemas, he worked in the capacity of Managing Director of the Leisure Travel & Aviation Group, and in the capacity of the Group CFO during the

preceding nine years. He was also a Board Member of Hemas Holdings PLC for over six years and the Serendib Hotels Group for over 13 years, until March 2020. Currently, he serves on the Board of Union Assurance PLC as an Independent Director and the Chairman of the Board Audit and Compliance Committee.

He is a CFA Charter Holder and a Past President of CFA Sri Lanka. He is also a Fellow Member of the Chartered Institute of Management Accountants, UK, and a Past Board Member of the CIMA Sri Lanka Division. He holds a BSc in Computer Science & Engineering from the University of Moratuwa, an MSc in Investment Management from Cass Business School, and an Executive MBA from INSEAD.

Ms. Anarkali Moonesinghe

Non-Executive, Independent

Appointed to the Board on September 20, 2021
Ms. Anarkali Moonesinghe has over 20 years of Investment Banking experience in Europe and Asia, particularly in Asian Emerging Markets. She received a Bachelor of Arts (Hons) in Politics, Philosophy and Economics from the University of Oxford and serves on the Investment Committee of the Angel Fund, the first fund initiated by the Lankan Angel Network, with an AUM of LKR 100 million from 100 Angel investors.

Ms. Moonesinghe currently serves as a Director on the boards of WealthTrust Securities (Pvt) Ltd, a primary dealer; the Lankan Angel Network, a platform for private investors who invest in high growth early-stage Sri Lankan ventures; and the GoodLife X, an accelerator programme aimed at supporting startups and more mature companies in scaling regionally and globally.

Ms. Moonesinghe is also a Partner at Amura Consulting, a Singapore-based boutique financial advisory services provider, which focuses on small to mid-cap transactions in frontier markets, including private equity, mergers and acquisitions, and financial structuring. Ms. Moonesinghe started her career with Merrill Lynch in Mergers & Acquisitions and Corporate Finance.

Message from the Chairman

"We started hSenid with just three people out of a small room at Ward Place. From day one, I was determined to build HR solutions for global markets. As an indigenous multinational, we are committed to doing our part in developing the local tech industry. I ensure that while the company grows, we will also divert resources to upskill local tech professionals and help startups get off the ground. We have donated our HR system to universities in the country, with free unlimited access to undergraduate HR students. We lecture at universities and take an active role in developing the curriculum. I am a firm believer in the Sri Lankan people. Like hSenid, others have built global IT companies with the talent available locally. With a collective effort and purposeful training and upskilling, I believe we can propel the IT industry to the next level of sophistication and growth.

I always envisioned hSenid as a product company rather than a services company. I wanted to build intellectual property and give people an opportunity to become part of something great. When I think of legacy, I think of hSenid as a local company that put Sri Lanka on the world map and opened a world of opportunities for our young people. Today, hSenid Business Solutions employs over 250 people, however, over the last 25 years, we have built over 4,000 tech careers, and our alumni have gone on to do remarkable things and build successful careers here, in Australia and the UK. We are quietly proud of the impact hSenid has had on people's lives, be they employees, customers or subscribers, and the considerable foreign exchange savings we have generated for the country with our HR solutions."

Dinesh SaparamaduDirector/Chairman, hSenid Business Solutions
Message from the CEO

"From the inception, our intention was to build world-class HR solutions that would revolutionise the HR profession and make life easy for HR professionals, employers, and employees, and help enterprises unleash their most valuable asset, people. Our focus on user experiences and building HR solutions for a global market quickly attracted attention, and with that came opportunities that opened doors to launch hSenid global.

We were fortunate to have worked with big local corporations as it gave us unique insights into HR practices and helped us develop innovative solutions that can be scaled globally. From the team point of view, we ensure we have the right people from consulting to engineering, to build a global solution. We benchmarked our products with leading international brands and added new features based on unique customer requirements and considering different industries and geographical contexts. This way, we have built end-to-end HR solutions beyond the rudimentary but complex attendance and payroll functions, including recruitment, talent management and succession planning. We aim to bring the best HR practices to the table, and also the art of giving clients what they need to drive productivity to the next level.

hSenid is one of the few global tech companies that understand markets and cater to varying needs and ecosystems. While most competitors have one-size-fits-all solutions, our solutions are designed with great care and positioned to generate considerable revenue and we are invested in the process of building a global partner network. Several HR solutions providers serve the Asia Pacific and African regions, and there is no clear leader. We strongly believe that we have a tremendous opportunity to build a global HR solutions brand that can tweak world-class solutions for different contexts and needs, and we believe we can take the lead in these two regions."

Sampath JayasundaraDirector/CEO, hSenid Business Solutions.

Get in touch

INVESTOR RELATIONS OFFICER 

Mr. Raveen Lasath 

Head of Finance 

+94 72 230 9988 

raveen@hsenid.lk