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About Us

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Who We Are

Initially incorporated in December 1982 as Mercantile Stock Brokers Ltd, a subsidiary of Mercantile Credit Ltd. (MCL), Asha Securities Ltd has a rich history. On the 22nd of October 1992, the company changed its name to Allied Stock Brokers and expanded with a branch in Matara. Recognizing the rapid growth of the Colombo stock market, Asha Securities formed an alliance with Phillip Securities of Singapore in 1993, following the industry trend of partnering with foreign brokerage houses. On the 19th of January 1994, the company was renamed Allied Phillip Securities Ltd. Later, with the majority stake acquisition by Mercantile Merchant Bank, the firm became MMBL Phillip Securities Ltd in 1998.

In 2003, the firm was rebranded as Asha Securities Ltd when high net worth investor, Mr. M. M. Udeshi acquired 59.22% of the company from Mercantile Merchant Bank. While Phillip Securities retained its holdings in the firm, Asha Securities emerged as a pioneer member of the Colombo Stock Exchange, offering Equity and Debt Trading to investors. With the largest branch network among Sri Lankan stock brokers, we bring investment opportunities closer to all Sri Lankans. Our team of highly skilled and trained Investment Advisors ensures expert guidance.

Our Vision

Be the designated “Benchmark service provider” in wealth management.

Our Mission

Delight the customer with well-balanced risk-return tradeoffs while strictly adhering to industry ethics.

Our Values


Our customer interests always come first


We observe best in class ethical practices


Networking synergies through encouraging teamwork


Social and environmental well-being is a common responsibility

Our Milestones

For over four decades, Asha Securities Limited has grown and evolved to become one of the most respected and trusted stock broking companies in Sri Lanka. Since 1982, we have proudly built our business step by step and are proud to be a pioneering member of the Colombo Stock Exchange. We take pride in our professional and experienced team of Investment Advisors, who are trained to provide tailored advice to our clients.

Our partnership with the Phillip Capital Group of Singapore further enables us to extend our services to overseas investors. Our international desk at the Phillip Securities Office in Raffles City, Singapore is well-equipped to manage their investment portfolios.

We believe in delivering excellent services to our clients and offer a wide range of products and services to enable them to make the best investment decisions. We strive to ensure that our investors are well-informed of the market conditions and the risks involved. We remain hopeful that our services will benefit both the local and international investors, as we strive to remain a top provider of quality investment services in the industry.

Board of Directors