It received the license from the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No.
[7][8][9] In 2020, the company launched “Nena Diriya” Micro Leasing Loan scheme with the intention to uplift the education of children residing in rural and underdeveloped areas of Sri Lanka by providing laptops.
[10] On 14 December 2021, the shares of Sarvodaya Development Finance began trading in the Colombo Stock Exchange following the successful implementation of company's Initial public offering.
[15] The total income generated by Sarvodaya Development Finance for the six-month period ending September 2022 eventually surpassed $1 billion.
[4] In 2023, according to a report by the Daily FT, Sarvodaya Development Finance expressed its keen interest in acquiring Sri Lanka Savings Bank, as the latter was deemed to be struggling with operational inefficiencies and financial instability.