Abans PLC, also known as Abans Group, is a Sri Lankan public limited company and a diversified conglomerate in Sri Lanka engaged in ICT, retail, manufacturing, logistics, commercial real estate and financial services. Abans predominantly functions mainly as a consumer retailer selling various electronic appliances, smart phones, laptops, cooking utensils.[2][3] Aban Pestonjee is the founder of the Abans Group of companies and serves as the chairperson of the company.[4]
Corporate history
Aban Pestonjee launched her business under the name Abans in 1968 at her home garage, where she managed to restore the used appliances she acquired from auctions and home sales to better working condition and sell them at her corner shop at Bambalapitiya, Galle Road.[5] She came up with the idea to launch her own company at a time when Sri Lanka entered into the prospect of a closed economy in the 1960s, which also resulted in the subsequent ban on imports.