Coral reefs around Sri Lanka have coexisted with human communities for thousands of years and are a continual source of food, economic productivity, and tourism. Although these reef systems sustain nearby populations, little is known about the presence or functional role of microbial communities on reefs dominated by hard corals or fleshy algae. Coral reef benthos cover was recorded, and reef-associated water samples were collected, sequenced and analyzed from seven coral reefs around Sri Lanka. Microbial metagenomes were analyzed to reveal both the taxonomic and metabolic makeup of the microbial communities present at each site. A metagenomic analysis of microbial phyla showed that Alphaproteobacteria and Gammaproteobacteria were most abundant, constituting up to 79.4% of microbial communities. At the order level, Rhodobacterales dominated the microbial communities across all sites, with the exception of the Paraviwella coral reef, where the order Alteromonadales dominated. A Principal Component Analysis (PCA) was performed using metagenomic sequence data to find the possible trends of interactions and drivers of taxonomic and metabolic community structure. This study is the first microbial metagenome dataset of coral reef associated water from the Indian Ocean continental island, Sri Lanka. These data further confirm the need for a comprehensive study of reefs in Sri Lanka aimed at elucidating the processes involved in microbial energy utilization.