# Phoenix Ventures

Phoenix Ventures is a Venture Capital based in Colombo, Sri Lanka.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Colombo, Sri Lanka
- **Region:** Asia
- **Address:** Colombo, Sri Lanka
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** phoenix.lk

## Regulatory record

- **Reports private funds:** No

## About

Phoenix Ventures is a consulting firm based in Noida, India. It offers strategic planning, business opportunity assessments, and government relations services. The company also provides marketing, branding, and public relations campaigns.

## Sectors

- Apparel & Textiles
- Real Estate
- Aviation
- Industrial Tech

## People

- Mohamed Aslam Omar — Chairman
- Mohamed Ashroff Omar — Director
- Murtaza Omar — Director
- Nihal Fonseka — Independent Director, Chairman of the Investment Committee

## Questions

### Who runs investment decisions at Phoenix Ventures?

The investment committee is chaired by Nihal Fonseka, the former CEO of DFCC Bank, who serves as an independent director. Family principals Mohamed Aslam Omar (Chairman), Mohamed Ashroff Omar, and Murtaza Omar sit on the board. The structure gives Fonseka significant influence over capital-allocation decisions, separating family ownership from day-to-day investment governance.

### How is Phoenix Ventures related to Brandix?

Brandix Lanka is the apparel-manufacturing operating company that generated the Omar family's core wealth. Ashroff Omar serves as Brandix's CEO. Phoenix Ventures is a separate entity that holds the family's non-operating investments — real estate, aviation, and venture stakes — distinct from the Brandix balance sheet.

### What is Phoenix Ventures' largest known asset?

The two most significant known holdings are Grafeio One, a commercial office complex on Galle Road in Colombo 03, and Brandix India Apparel City, a large-scale industrial park in Andhra Pradesh that serves as a manufacturing hub for global apparel brands.

### Does Phoenix Ventures accept outside capital or co-invest?

The firm has partnered with John Keells Holdings on Cinnamon Air, confirming a willingness to co-invest alongside established Sri Lankan corporates. Beyond this, there is no public indication that Phoenix Ventures raises or manages third-party capital.

### What investment stages does Phoenix Ventures target in its venture portfolio?

Phoenix Ventures' venture activity focuses on early-stage opportunities, including seed and start-up investments. Specific portfolio companies have not been publicly disclosed, and the scale of venture commitments relative to the firm's hard-asset holdings is not known.

## Related profiles

- [Phoenix Partners](https://altss.com/profile/phoenix-partners)
- [Piedmont Investment Advisors](https://altss.com/profile/piedmont-investment-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

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