Strengthening Financial Innovation and Youth Leadership
First Capital Holdings PLC, a subsidiary of the Janashakthi Group JXG, has reaffirmed its commitment to advancing financial innovation and fostering youth leadership by becoming the Title Sponsor of MAGNATE 2025. This event serves as the flagship initiative of the Finance Students’ Association at the Faculty of Management and Finance, University of Colombo.
This marks the fourth consecutive year that First Capital has partnered with MAGNATE, highlighting its ongoing dedication to bridging the gap between academia and the financial services industry. The event brought together emerging talent, thought leaders, and professionals through a series of keynote discussions, panels, and competitions that explored the theme of transforming finance in an era of disruption and digital change.
MAGNATE 2025 provided a dynamic platform for university students to connect theoretical knowledge with practical applications. Participants showcased innovative financial solutions and strategic ideas aimed at shaping the future of the industry. The event emphasized the importance of creativity and forward-thinking approaches in addressing modern financial challenges.
Atchuthan Srirangan, Vice President Corporate Finance and Advisory at First Capital Holdings PLC, delivered the keynote address titled “Transforming the Financial Ecosystem through Disruptive Finance.” In his speech, he shared insights on how innovation and collaboration are driving the evolution of financial systems. “At First Capital, we believe transformation begins with knowledge and curiosity,” he said. “Through initiatives like MAGNATE, we aim to inspire students to think beyond traditional frameworks and explore solutions that can redefine Sri Lanka’s financial ecosystem.”
Mithila Abeysekera, Chief Technology & Digital Officer at First Capital Holdings PLC, played a key role in the event by serving on the judging panel. He evaluated student presentations focused on technology-led financial innovation. Reflecting on the initiative, he noted, “Technology and finance are deeply interconnected. By encouraging young minds to explore this intersection, we are helping shape a future-ready generation that can drive meaningful progress in the industry.”
First Capital’s involvement in MAGNATE extends beyond mere sponsorship. It reflects a genuine investment in developing Sri Lanka’s next generation of financial professionals. Through active participation, delivering thought leadership, engaging in mentorship, and supporting knowledge-sharing, the company continues to strengthen its brand positioning as a financial institution deeply committed to education, innovation, and leadership.
By empowering young leaders and nurturing a spirit of inquiry and collaboration, First Capital continues to play an active role in shaping Sri Lanka’s financial landscape. Its efforts contribute to a culture of progress that benefits both individuals and the wider economy.
Key Contributions and Impact
- Educational Engagement: First Capital actively participates in events like MAGNATE to engage with students and provide them with real-world insights into the financial sector.
- Innovation Focus: The company emphasizes the importance of innovation and technology in transforming financial systems, encouraging students to explore new ideas and solutions.
- Leadership Development: Through mentorship and knowledge-sharing, First Capital helps develop the leadership skills of future financial professionals.
- Industry-Academia Collaboration: The partnership between First Capital and the Finance Students’ Association fosters a stronger connection between academic institutions and the financial services industry.
- Sustainable Growth: By investing in youth development, First Capital contributes to the long-term growth and stability of Sri Lanka’s financial ecosystem.