Otara Gunewardene, a Sri Lankan businessperson and philanthropist, epitomizes responsible entrepreneurship and dedication to her nation’s welfare. Born on August 30,in Colombo, Otara’s journey from a spirited child to a trailblazing entrepreneur and compassionate leader is a testament to her unwavering commitment to Sri Lanka.
Early Life and Education
Raised by her parents, Norman and Delysia Gunewardene, Otara learned the values of hard work, integrity, and limitless possibilities. Her childhood, alongside her two older brothers, Ruchi and Ajit, was filled with family holidays in wilderness areas and animal-centered adventures. Educated at Ladies’ College in Colombo, Otara excelled in ballet and sports, cultivating a love for animals early on. Her volunteer work at Sri Lanka’s National Zoo solidified her passion, initially steering her towards veterinary science.
However, life had other plans. After studying Biology at Bowling Green State University in Ohio, Otara’s path diverged. Her time in the USA exposed her to new opportunities, and upon returning to Sri Lanka, she entered the world of high fashion. Modeling became her entry point into the business world, where she gained confidence and recognition.
Career: From Fashion to Retail Mogul
In 1989, Otara’s entrepreneurial journey began with a small loan and a station wagon. She started selling clothes that matched international trends, leading to the opening of her first retail store, Odel, in 1999. Odel quickly became an iconic brand in Sri Lanka, reflecting the island’s spirit through its fashion.
Otara expanded Odel across the island, culminating in the flagship store, Odel Unlimited, the first department store in Sri Lanka. Her business acumen not only boosted the retail industry but also created numerous job opportunities, building careers and skill sets in retail and fashion. Under her leadership, Odel became synonymous with quality and innovation, setting new standards in the Sri Lankan retail market.
In February 2010, Otara became the first woman to list her company on the Colombo Stock Exchange, marking a significant milestone in her career. Odel became the first retail brand in Sri Lanka to release an Initial Public Offering (IPO), a testament to its market strength and potential. This achievement was not only a personal triumph for Otara but also a significant moment for female entrepreneurs in Sri Lanka.
Otara’s business ventures didn’t stop with Odel. She demonstrated her visionary leadership by partnering with Malaysian retail giant Parkson, allowing Odel to diversify and expand its reach further. At the pinnacle of her corporate success, Otara managed 15 retail stores, including several department stores across the country.
Philanthropy: Embark and the Otara Foundation
Otara’s dedication to corporate social responsibility (CSR) was evident through Odel’s environmental campaigns, beach clean-ups, tree planting, and wildlife conservation projects. However, her passion project, Embark, truly revolutionized animal welfare in Sri Lanka. Embark focused on the rescue, rehabilitation, and empowerment of street dogs, changing public perception and fostering compassion.
In 2015, after strategically divesting from Odel, Otara founded the Otara Foundation, focusing on environmental protection, animal welfare, education, and empowerment. Her work through the foundation and Embark has significantly impacted Sri Lanka, promoting a compassionate and sustainable approach to development.
Accolades and Achievements
Throughout her career, Otara has received numerous accolades, recognizing her contributions to business and philanthropy. Her achievements include being named one of Forbes Asia’s 50 Power Businesswomen and receiving the Zonta Woman of Achievement Award. Her leadership and vision have set new standards in Sri Lanka’s business and philanthropic sectors, inspiring many to follow in her footsteps.
In February 2010, Otara became the first woman to list her company on the Colombo Stock Exchange, and Odel became the first retail brand in Sri Lanka to release an IPO. Her partnership with Malaysian retail giant Parkson further diversified Odel’s reach.
Vision for the Future
Otara envisions an inclusive, united Sri Lanka where people, animals, and the environment coexist harmoniously. She advocates for sustainable progress, zero corruption, and respect for diverse cultures. Her commitment to animal welfare remains unwavering, as she continues to push for the passage of the Animal Welfare Bill.
Otara’s focus on holistic living, strength training, and a plant-based diet reflects her dedication to a healthy and sustainable lifestyle. As a mentor to the next generation, she promotes the importance of compassion, integrity, and hard work.
Business Ventures and Investments
Even after exiting her corporate life at Odel’s peak, Otara remains an astute businessperson. She balances wise investments with philanthropic ventures, often operating behind the scenes to support various causes. Her investments prioritize environmental protection and sustainable development, reflecting her vision for a better Sri Lanka.
Through the Otara Foundation, Otara continues to drive positive change, promoting holistic health, education, and entrepreneurial development. Her voice and actions inspire many, as she strives to be a channel for sustainable progress in her beloved country.
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