The company has controlling stakes in LB Finance, Royal Ceramics Lanka, and Delmege Group.

[3] The Vallibel One PLC was founded by Sri Lanka business tycoon Dhammika Perera in 2010.

[5] Dhammika Perera bought a majority stake in Hayleys Group and brought it under Vallibal One as a subsidiary in 2015.

[6] The Fortress Resorts, a subsidiary of Vallibal One is planned to build a Rs 2 billion 5-star hotel in Weligama.

The project falls under the subsidiary, Greener Water and Singapore-based WATG carried out the initial designs.

This was followed by the commencement of Royal Porcelain (Pvt) Limited in 2002, Rocell Bathware in 2009 and the acquisition of Lanka Ceramics in 2013 through which the brand 'Lanka Tiles' became part of the Rocell Group of Companies, further strengthening the group's competitive position in the tile industry.