About CIEL

Intro

We are an International Mauritian Group present in more than 10 emerging markets across Africa & Asia.

Our 6 strategic sectors:

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KEY FIGURES

AS AT 30 JUNE 2023

6

Strategic Sectors

37,500

Employees

35.4Bn

Turnover MUR

1912-1971

  • Started in 1912 through the acquisition of one sugar estate
  • Growth in the sugar industry through acquisitions and centralisation of operations in Deep River Beau Champ

1972-1988

  • Kick-off of the diversification of CIEL’s operations in the textile industry with the acquisition of Floreal Knitwear and followed by several acquisitions in Mauritius

1989-2000

  • Start of CIEL's international expansion:
    • Creation of Floreal Madagascar
    • Acquisition of a sugar estate in Tanzania
    • Diversification in the Financial sector with the incorporation of Cirne Financial Services (now IPRO Ltd)

2001-2005

  • New Group corporate structure with the incorporation of CIEL Textile Ltd, CIEL Agro-Industry Ltd, CIEL Investment Ltd, CIEL Properties Ltd and CIEL Capital Limited
  • Launch of property projects in Mauritius with Anahita and the start of ecotourism with Domaine de l’Etoile, and later in 2008 with La Vallée de Ferney (now Ferney La Vallée)
  • Creation of CIEL Foundation

2005-2013

  • Externalisation of CIEL Textile’s operations in India, China and Bangladesh
  • Official launch of Anahita The Resort and Four Seasons Resort Mauritius at Anahita
  • New acquisition in the Finance sector with First City Bank Ltd, now Bank One, in a joint venture with I&M Bank

2014-2016

  • Listing of CIEL Limited on the official Market of the Stock Exchange of Mauritius
  • Acquisition of controlling stakes in BNI Madagascar SA and in Sun Limited and in Transmara Sugar Company Limited through Alteo
  • Creation of CIEL Healthcare and acquisitions ofincreased stakes in the Medical and Surgical Centre Limited, now C-Care (which owns Clinique Darné and in 2017, Wellkin Hospital); subsequent investments in Nigeria’s leading private healthcare provider, Hygeia Nigeria Limited, and IMG Uganda.

2017-2019

  • Listing of CIEL on the Stock Exchange of Mauritius Sustainability Index
  • Increased stake in C-Care (Mauritius) Ltd and acquisition of all CIEL Textile Limited’s ordinary shares held by minority shareholders
  • Creation of Property cluster

2020 - 2021

  • Launch of Group Sustainability Strategy 2030 with clear commitments and non-financial KPIs
  • Signed strategic partnership with SOCOTA to develop the largest woven fabric mill in the Indian ocean

1912-1971

1972-1988

1989-2000

2001-2005

2005-2013

2014-2016

2017-2019

2020 - 2021

A Global Presence

Agro

Deeply linked with the sugar industry since its creation in 1912, CIEL remains a key stakeholder in the agro-industry being a main shareholder of Alteo, a regional sugar producer.

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Finance

CIEL Finance is the Banking and Financial Services cluster of CIEL, actively involved in: banking, fintech and fiduciary services.

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Healhcare

CIEL Healthcare owns, operatesand managesassets in the healthcare sector in Mauritius and across Sub-Saharan Africa.

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Hotels & Resorts

CIEL Hotels & Resorts regroups all the tourism and hospitality activities of the Group including Sunlife, Four Seasons at Anahita, Shangri-la's Le Touessrok Resort & Spa, Anahita Golf & Spa Resort, World Leisure Holidays & Solea.

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Properties

CIEL Properties looks after the Group’s land and real estate assets.

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Textile

CIEL Textile is a world-class global player in textile and garments operations, present in Mauritius, Madagascar, India & Bangladesh.

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Key Partners