Mr. V. Kailasapillai

Mr. V. Kailasapillai was born on 31st March 1934.
As recorded in "Legacy" (the John Keells commemorative publication) -
"………..important influence on the diversification programme was V. Kailasapillai. The Finance Director showed himself to be an expert at capitalizing on incentives and concessions offered by the government to promote the development of specific industries and business sectors. He was even more adept at identifying ways to reduce the tax burden on the group and its shareholders by taking advantage of official tax breaks and shelters. These talents were useful enough in the days of the United Front, but when that regime was replaced by an enterprise-friendly government eager to use the private sector as an instrument of growth, Kailasapillai was in his element. In the report quoted above, Mark Bostock notes that ‘the investment policy of the Company has enabled shareholders to receive a fair slice of their return free of tax’. They did so thanks to the financial wizardry of V. Kailasspillai."

Add to Lightbox

Filename: Mr. V. Kailasapillai _DSC0065.jpg
Copyright: Dominic Sansoni
Image Size: 4288x2848 / 2.9MB; V. Kailasspillai Kailasspillai
Contained in galleries: Dominic Sansoni - Recent (and not so recent) portraits

Mr. V. Kailasapillai was born on 31st March 1934.<br />
As recorded in "Legacy" (the John Keells commemorative publication) -<br />
"………..important influence on the diversification programme was V. Kailasapillai. The Finance Director showed himself to be an expert at capitalizing on incentives and concessions offered by the government to promote the development of specific industries and business sectors. He was even more adept at identifying ways to reduce the tax burden on the group and its shareholders by taking advantage of official tax breaks and shelters. These talents were useful enough in the days of the United Front, but when that regime was replaced by an enterprise-friendly government eager to use the private sector as an instrument of growth, Kailasapillai was in his element. In the report quoted above, Mark Bostock notes that ‘the investment policy of the Company has enabled shareholders to receive a fair slice of their return free of tax’. They did so thanks to the financial wizardry of V. Kailasspillai."