The company has its origin in the
colonial era, having founded by merging two companies founded by R. B. Carson and Henry Cumberbatch (nephew of
Robert William Cumberbatch). The rubber interest of the Carson and Company traded in 1910 in London Stock Exchange with a capital of 1.5 million sterling pounds thus making it the largest rubber business of the country at that time. The Carson and Company converted to a
limited liability company in 1913, and the merger with Cumberbatch and Company happened in 1947. In 1976, the company diversified into hotels by building the Giritale Hotel and Moonlight Beach Hotel and taking over the management of Pegasus Reef Hotel. In 1988, Sri Krishna Corporation Limited, a 75 years old company, acquired a
controlling interest in Carson Cumberbatch. In 1995, Carson expanded its
palm oil interest into Indonesia, and in 1997 a new brewery in Biyagama was commissioned. In 2006, through
Agro Bukit, the company acquired a new plantation of in
Kalimantan, Indonesia. Goodhope Asia Holdings was incorporated in 2008 in Singapore to consolidate the company's plantation sector, and in 2014 the company acquired the Millers Brewery. When that agreement did not realise, Carson Cumberbatch, sold a 75.6% stake of Guardian Capital Partners PLC to a
Renuka Holdings-led consortium for LKR636 million in October 2021. ==Corporate structure==