With the escalation of the ethnic war in Sri Lanka, most of the professionals, particularly the qualified accountants started migrating to different countries where they could make a decent living and educate their children. Starting from the year 1983, the “brain drain” rose to unprecedented levels where the country lost almost all their intellectual capital. The situation worsened with the liberalization of the country’s economic policies where the entire economy was left in the hands of the private sector and the demand for finance professionals almost doubled worsening the scarcity of professional Accountants in Sri Lanka.

Those business houses who secured the services of efficient senior professionals recorded success stories, while most of the others had sad endings. Few entrepreneurs emerged with new ideas to survive the competition which created a heavy demand for professionals with experience at the top level in industry & professional practice, with exposure to international environments.

This opportunity was capitalized by a senior Chartered Accountant with many years of international experience to offer management consultancy and internal audit services to Sri Lankan business houses in the year 2007 through a professional practice started under his own name KAL Rupasinghe & Company (Chartered Accountants) which was commonly known as KALRUPCO.

With its humble beginnings, KALRUPCO developed in to a fully-fledged firm of Chartered Accountants offering services in the fields of audit, Accounting assistance, tax advisory and consultancy. KALRUPCO has since moved in to a less competitive niche market of Forensic audits which is now becoming an interesting and lucrative line of business.

In July 2018, after a successful review of our practice, we were admitted as a full member of a UK based international network of Independent Audit, tax, Accounting and consulting firms by the name of “mgi worldwide” which is ranked among the top 20 international networks in the World. Consequent to this we opted to use “mgi” prefix to our name and now known as “mgi kal Rupasinghe & Company, (Chartered Accountants). We invite you to visit https://www.mgiworld.com to get further details about our local, Regional and international level services offered by our network.