Ceylon Theatres Limited was founded by Chittampalam A. Gardiner and Alfred Thambiayah in 1928.

In 1991 the company built the Majestic City shopping complex and cineplex, one of the first at the time in Sri Lanka.

In 1993, Cargills entered the food production business with the acquisition of a smallgoods processing plant in Mattakuliya.

In 2013, the Cargills Square was established in Jaffna, which has since been expanded to locations in Gampaha, Dematagoda, Katubedda and Bandarawela.

C T Holdings operates the Regal and Majestic cinemas across Sri Lanka, through its subsidiary Ceylon Theatres.

[9] The company owns and manages the Majestic City shopping complex through its subsidiary C T Land Development PLC, a listed entity on the Colombo Stock Exchange.

The company owns and operates the Cargills Square shopping malls in Jaffna, Gampaha, Dematagoda, Katubedda and Bandarawela.