Nishan Sumanadeera FCMA(UK), FCPA(Aust.), CGMA, Attorney-at-Law, MBA

Born10 August 1967 (age 58)Colombo, Sri LankaNationalitySri LankanEducationRoyal College, ColomboSri Lanka Law CollegeChartered Institutes of Management AccountantsOccupationManaging Partner - Frontier Capital Partners Ltd

Nishan Sumanadeera is a Sri Lankan Entrepreneur, businessman, director and co-founder of Frontier Capital Partners, a boutique investment consultancy firm specialized in Investment Banking services and innovative investments in Sri Lanka. He together with his companies have invested into various industry sectors through private equity participation with foreign and local investors.

Mr Sumanadeera during his 25 year career has served as the chairman, board director, country manager and legal & financial consultant for many companies in Sri Lanka and overseas.

NEWS AND UPDATES FROM NISHAN SUMANADEERA

Harnessing AI to Transform Sri Lanka’s Future

By Nishan Sumanadeera – Managing Partner, Frontier Capital Partners (Sep 22, 2025)

At Frontier Capital, we have always believed that the future belongs to those who embrace change early and channel innovation into real-world impact. Over the years, our work in investment banking, restructuring, and corporate advisory has shown us that industries must constantly evolve to remain competitive. Today, I see artificial intelligence (AI) as the single most transformative force that can redefine Sri Lanka’s economic and business landscape.

This conviction is what led us to invest in AI Mart, Sri Lanka’s first dedicated marketplace for AI solutions. AI Mart is not just a platform; it is a strategic step toward democratizing access to cutting-edge AI tools for businesses, professionals, and individuals across the country. By creating an ecosystem where AI solutions are easily discoverable, affordable, and customizable, we are laying the foundation for a digitally empowered Sri Lanka.

As part of this initiative, I am particularly proud of the integration of LankaLaw, LankaBIZ, and LankaTAX—three premier AI assistants designed to serve core sectors of our economy.

LankaLaw makes legal knowledge more accessible, reducing barriers to justice and compliance.
LankaBIZ empowers entrepreneurs, SMEs, and corporates with data-driven insights to strengthen business decision-making.
LankaTAX simplifies tax compliance, an area that has traditionally been complex and resource-heavy, thereby enabling efficiency and transparency.

These AI assistants are not just technological tools; they are catalysts for systemic transformation. They allow professionals and enterprises to reallocate time, talent, and capital toward value creation rather than administrative bottlenecks. Importantly, they reflect our philosophy at Frontier Capital—to invest not only in financial structures but also in ideas that create long-term economic resilience.

Sri Lanka stands at a crossroads. While global economies are rapidly adopting AI to power industries from healthcare to finance, our nation must not fall behind. At Frontier Capital, we see our role as more than financial investors; we are enablers of a vision where Sri Lanka positions itself as a regional hub for AI-powered solutions. By investing in platforms like AI Mart, we aim to accelerate adoption, nurture local talent, and attract international collaboration.

The journey ahead will require collaboration between private sector leaders, policymakers, educators, and innovators. But with initiatives like AI Mart, and with the power of solutions like LankaLaw, LankaBIZ, and LankaTAX, I am confident that Sri Lanka can unlock a new era of growth, efficiency, and competitiveness.

At Frontier Capital, our mission is clear: to bridge finance and innovation, and to ensure that Sri Lanka is not a passive observer of the AI revolution, but an active leader shaping its future.

www.aimart.lk

EDUCATION

Sumandeera studied at Royal College Colombo. He holds a Master's degree in Business Administration and specialized Investment Banking Diploma from PDCP Bank in the Philippines. He is a Fellow Member (FCMA) of the Chartered Institute of Management Accountants of the United Kingdom and Fellow Member (FCPA) of the Chartered Public Accountants of Australia. He is also an Attorney at Law of the Supreme Court of Sri Lanka, Notary Public and registered Company Secretary.

CAREER

Nishan Sumanadeera is the Managing Partner and largest invidual shareholder of Frontier Capital Partners Limited. Prior to co-founding Frontier Capital Partners in 2011, Sumanadeera served as the Vice President of Asia Capital PLC, an investment bank and director, consultant and advisor to many companies in Sri Lanka.

Upon setting up of Frontier Capital Partners in 2011, Sumanadeera embarked on investing into in many novel and innovative startup businesses in Sri Lanka in partnership with many young entrepreneurs.

Divestment of 80% shareholdings in Asian Alliance Insurance PLC (AAIC) currently known as Softlogic Life to Softlogic Group in 2010
Acquisition of Kapila Heavy Equipment’s PLC (KAPI) to MTD Capital Bhd Malaysia in 2007
Acquisition of the Capital Reach Holdings Limited from Vanik Incorporation Inc in 2008
Acquisition of 51% shareholding of Confifi Group by Lanka Orix Leasing Company PLC (LOLC) in 2010
Acquisition and Restructuring of Asia Asset Finance Limited (AAF). Formerly known as Finance and Land Sales Limited in 2007
Divestment of 86% of shareholdings of C.W, Mackie PLC (CWM) to Lankem Ceylon PLC and Kotagala Plantation PLC in 2010
Placement of 10% shareholdings of National Development Bank (NDB) in 2011
Placement of 40% shareholdings of Asia Siyaka Commodities PLC (ASIY) in 2010
Setting up of TKS Securties and TKS Finance on behalf of Malaysian Investor Dato Tiong King Sing in 2011
Restructuring of Asia Capital PLC (ACAP) in 2020
Acquisition of 70% shareholding of Navara Capital Partners Ltd and Navara Securities (pvt) Ltd by Asia Capital PLC together with Frontier Capital Partners Ltd in 2021