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Along with Henry Steel Olcott and Helena Blavatsky, the creators of the Theosophical Society, he was a major reformer and revivalist of Ceylonese Buddhism and very crucial figure in its Western transmission.
A statue of Colonel Henry Steel Olcott, the founder of the Theosophical Society and the first well-known person of European ancestry to make a formal conversion to Buddhism is located in Maradana.
The founders of the Theosophical Society, Helena Blavatsky and Henry Steel Olcott, were influenced by Eastern religions, then placed their headquarters in Adyar, Chennai, from where they spread their views within India.
It is one of the educational institute supported by the Buddhist Theosophical Society led by Colonel Henry Steel Olcott, and accordingly is one of Sri Lanka's oldest schools.