Group Structure*
RELATED COMPANIES
The Mauritius Commercial Bank
Incorporated in 1838 by Royal Charter and registered as a limited liability company in 1955, The Mauritius Commercial Bank (MCB) is engaged in the provision of a range of financial services. The MCB is listed on the Stock Exchange since 1989. The MCB offers core banking operations, as well as services, such as leasing, factoring, trade financing and investment management. The Bank carries out its activities in eight countries overseas through its subsidiaries, associated company, foreign branch and representative offices.
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Fincorp Investment Ltd
Fincorp Investment, in which The Mauritius Commercial Bank (MCB) has a 57.6% stake, was created when The Mauritius Commercial Bank Finance Corporation transferred all its banking activities to MCB. It now acts solely as an investment company and has on its books two strategic investments: Finlease, which is a fully-owned subsidiary, and a 46.3% stake in Promotion and Development.
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Promotion and Development Ltd
Promotion and Development Ltd is a leading investment company, more than 75% of whose assets are property related. The company, which is listed on the Stock Exchange of Mauritius, is an associate of The Mauritius Commercial Bank. Promotion and Development is closely involved with the Caudan Waterfront project as it notably holds a majority stake in Caudan Development.
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ASSOCIATES
Medine
Born in 1911 as a sugar estate, Medine Ltd has recently transitioned into a three-clustered company, diversifying into Property Development and Leisure, and modernising its agricultural activities. Medine Ltd was notably the first company to conceptualise and implement an Integrated Resort Scheme in Mauritius, namely the Tamarina Golf, Spa and Beach Club. The slashing of EU sugar prices and the changing economic context led to the publication of the Medine Masterplan 2005-2025 for the sustainable and integrated development of its unique land bank of 3,000 hectares on the West Coast of Mauritius. Capitalising on the prime geographic location of its land assets, Medine has placed property development centered around higher education at the heart of its vision for a sustainable Mauritius.
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Properties 8502
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MFD Group
Established in 1992, the Mauritius Freeport is a duty-free logistics, distribution and marketing hub for the region. Logistics and warehousing facilities are readily available for the transhipment, consolidation, storage and minor processing of goods. Adjacent to the seaport of Port-Louis, the Mauritius Freeport is a cost-effective location for export-oriented investments and trading activities: warehousing and storage, breaking bulk, sorting, grading, cleaning and mixing, labelling, packing and repackaging, light assembly and minor processing, ship building, repairs and maintenance of ships and aircrafts, storage, maintenance and repairs of empty containers, quality control and inspection services, export and re-export oriented airport and seaport based activities, and freight forwarding services.
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EUDCOS
Incorporated in 1974, Excelsior United Development Companies (EUDCOS) is an investment holding company with a portfolio made up of alcohol production and distribution, insurance, property, the Jacques Li Wan Po Group and other investments. The shares of the company are quoted on the DEM market in Mauritius.
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Rey and Lenferna
Rey & Lenferna was incorporated in 1940 and has ever since taken part in the modernization of Mauritius by consistently providing industrialists, government bodies, and consumers at large with quality products and equipment through partnerships with international corporations. Today the company is a market leader in its field holding over 50 exclusive brand representations with major engineering equipment manufacturers and primarily deals in Mechanical, Electrical, and Plumbing works. The company’s objective is to provide a ‘one stop shop’ service and turnkey domestic and industrial solutions to its customers thus contributing in the reduction of lead times and costs.
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Enterprise Data Services
Enterprise Data Services Ltd (EDS) started in 1999 as a Networks Integrator company. Since then, the company has evolved into a fully fledged Networking and Telecommunication integrator providing solutions and services customized to the needs and budget of its customers. EDS has developed close partnerships with the leading suppliers and service providers, and is today a one-stop-provider for Communications, Conferencing and Collaboration solutions.
EDS Multimedia division handles all visual communications for corporates: Networked Digital Signage, Interactive Advertising and Web Portal contents.
EDS Multimedia division handles all visual communications for corporates: Networked Digital Signage, Interactive Advertising and Web Portal contents.
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Cathedral Development
The main activities of the company are the holding of investments and the leasing of buildings. The company holds 3 floors at One Cathedral Square.
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(*) As at 31st March 2022
SUBSIDIARIES
Caudan Development
Caudan Development was incorporated as a public company on 17th February 1989. It specialises in the ownership, promotion and development of Le Caudan Waterfront. With the recent construction of the Caudan Arts Centre (CAC) – a landmark artistic and conference venue – Caudan is also engaged in making LCW a vital cultural destination for Mauritians and tourists. Caudan is also endowed with its F&B department which manages the operation of the Café in the CAC as well as a restaurant in the food court. Apart from this mixed commercial waterfront project, the company also rents out industrial buildings at Pailles and Riche Terre. Caudan Development, via Caudan Security Services, operates in the security business, and is involved in the sale of alarm equipment and the provision of security and property protection services. The company is managed by Promotion and Development.
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Société Bactory
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