Mr Basnayake joined Property Development Limited in June 2018 as Manager (Human Resources & Admin.).

He completed his Bachelor’s Degree in Mechanical Engineering from Sri John Kotelawala Defence University (KDU) in 1993 and further advanced his professional career by completing a Long Gunnery Specialization Course from Gunnery School, Kochi, India and a Diploma in Naval Gun Maintenance Engineer Course, Naval University of Engineering, Wuhan, China. He further holds two Master’s Degrees in Management from KDU and in Maritime War Studies (Master’s in Defense Studies-MDS) from the National University in Mirpur, Bangladesh. He is also an Associate Member of the Institute of Management of Sri Lanka (IMSL) and presently, reading for a MBA in E-Governance at KDU.

He retired from the Sri Lanka Navy (SLN) as a Captain after serving over 27 years with the experience in managing number of multifunction shore establishments with large number of personnel and also commanded number of vessels of different classes. He was on secondment to the United Nations Mission in Sudan for one year as a military observer in the capacity of Operations Officer. He further, held number of Senior Appointments in the Navy served as Senior Deputy Dean at the Faculty of Defence and Strategic Studies and as the Registrar of KDU.

A recipient of Rana Wickrama Padakkama (RWP), two Rana Sura Paddakkama (RSP) for the remarkable performance in the face of enemy and a recipient of Uttama Seva Padakkama and Videsha Seva Paddakkama along with ten other medals and decorations for his unblemished, reckonable service to the nation.