Jagath Sumathipala was born on the 30th April 1960 in Colombo. He is the son of U W Sumathipala and Milina Sumathipala and is the third child in the family of five daughters and two sons. He married Samantha Kumari Karunaratne on the 8th May 1987 and they are blessed with two daughters and two sons namely: Puthula, Wagisha, Chadu and Chathula.
Upon completing his studies at his alma mater, Ananda College Colombo, Jagath proceeded to UK for his higher studies in Business Management.
He assumed duties as the Managing Director of the Sumathi Holdings (Pvt) Ltd in 1980 and in 2017 he became the Chairman / Managing Director of Sumathi Holdings (Pvt) Ltd which is with eight diversified subsidiaries in the areas of Information Technology, Retail Trade, Health Care, Hospitality, Investment, Hydro Power, Film Industry and Security.
He has served as the Honorary President of the All Ceylon Buddhist Congress (ACBC), the premier Buddhist organization in Sri Lanka, from 2006 to 2014 and also was elected as the Honorary President once again in 2018 and served till 2021. He is a Vice - President of the World Fellowship of Buddhists (WFB) and Member of the Governing Council / Director of the Nagananda International Institute for Buddhist Studies (NIIBS). He is a past President and vice patron of the Billiards & Snooker Association of Sri Lanka.
Over 30 years of Senior Management experience in the Private Sector, 20 years of which has been at Managing Director/Chief Executive Officer level. His career spans through many industries to include, Pharmaceuticals, Retail, Construction, Packaging and the Apparel Sectors.
Mr. Bandara started his career as a Medical Representative in the Pharmaceutical Industry in 1992 and joined Sumathi Holdinga (Healthcare Division) in 2001 as a Product Manager. With his continuous performance, he was promoted as a General Manager and then as the Chief Executive Officer at LifeServ’ (Pvt) Ltd which is a subsidiary of Sumathi Holdings (Pvt) Ltd.