Faraz Fazlet
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| Faraz Fazlet | |
|---|---|
| Born | May 1, 1993 Colombo, Sri Lanka |
| 🏳️ Nationality | Sri Lankan |
| 🎓 Alma mater | Gateway College, Colombo London School of Economics University of West London |
| 💼 Occupation | Chairman of Orchid Organisation |
| 💰 Net worth |  US$53 million (April 2016) |
| 👴 👵 Parent(s) | Fazlet Mackeen Rameeza Fazlet |
| 🌐 Website | https://www.linkedin.com/in/farazfazlet |
Faraz Fazlet (born May 1, 1993) is a Sri Lankan businessman. He is the chairman of http://www.orchid-organisation.com/ Orchid Organisation and Orchid Capital. He is listed as one of the youngest entrepreneurs in the world, starting his first company at the age of 18.
In 2009, while still in high school, Faraz Fazlet started his online marketing business https://www.linkedin.com/company/diga-inc- Diga Inc.. Within three years, Diga Inc. was providing online marketing solutions to companies worldwide with a team of over 100 employees working from seven different countries.
In 2014, he ceased operations with https://www.linkedin.com/company/diga-inc- Diga Inc. and transitioned into the recycling sector, establishing http://www.orchid-organisation.com/ Orchid Organisation. This company specializes in the trading and recycling of plastics. Currently, Orchid Organisation is responsible for the recycling of over 30,000 metric tonnes of plastics annually, with factories and warehouses in Vietnam, Malaysia, and Thailand.
Early life
Faraz Fazlet was born on May 1, 1993, to Fazlet Mackeen and Rameeza Fazlet. The Fazlet family lived in a modest three-story house in Colombo, Sri Lanka.
He attended Gateway College in Colombo. He earned a BSc in Economics and Management from the London School of Economics. Faraz later pursued an MSc in International Business at the University of West London. During his educational journey, he founded his first company at a young age of 18.
Business career
In 2009, Faraz Fazlet founded https://www.linkedin.com/company/diga-inc- Diga Inc. in his bedroom at the age of 18 while still in high school. This initial startup, with limited capital, provided article writing services to clients through online platforms. Faraz personally wrote these articles after school. He gradually saved the earnings from article writing and invested in marketing his services on more prominent platforms, which expanded his customer base. Within three years, his home-based business grew into a virtual online marketing company with clients from every continent and over 100 employees from seven countries. Diga Inc. produced over 200 articles per day for websites, news agencies, and marketing companies. Beyond article writing, Diga Inc. also expanded into other online marketing services such as Search Engine Optimisation, Social Media Marketing, and Online Reputation Management.
In 2014, Faraz Fazlet decided to discontinue his work with https://www.linkedin.com/company/diga-inc- Diga Inc. to pursue a larger market opportunity. In the same year, he established http://www.orchid-organisation.com/ Orchid Organisation, initially as a trading company connecting buyers and sellers of recyclable commodities like plastic, paper, and metals. However, Orchid Organisation later focused solely on plastics. By 2016, the company was working with over 500 suppliers and 200 customers worldwide. Vietnam was its largest customer base, and Orchid Organisation strategically expanded by establishing its own warehouse and factory in Ho Chi Minh and Haiphong. Warehouses and factories were also opened in Malaysia and Thailand. Orchid Organisation further integrated its operations by acquiring plastic collection yards in Europe and the Middle East, aiming to stabilize pricing. Currently, http://www.orchid-organisation.com/ Orchid Organisation trades and recycles over 30,000 metric tonnes of plastics annually (equivalent to 1600 containers of shipments).
Board memberships
- Former Founder https://www.linkedin.com/company/diga-inc- Diga Inc.
- Chairman, Managing Director, http://www.orchid-organisation.com/ Orchid Organisation
- President, https://www.linkedin.com/groups/6534826 Global Plastics Sourcing Association
External links
- http://www.orchid-organisation.com/ Official Website of Orchid Organisation
- https://www.linkedin.com/in/farazfazlet Faraz Fazlet Profile at LinkedIn
- https://www.linkedin.com/company/diga-inc- Official Diga Inc. Profile at LinkedIn
- https://www.linkedin.com/groups/6534826 Official Page of Global Plastics Sourcing Association
