Listed on the Stock Exchange of Mauritius
Market Capitalisation Rs 10.2 billion (USD 291 million)
Operations in Mauritius, Africa & Asia
Leading Diversified Investment Company
Investment Portfolio Allocation as at 30 June 2015 - Rs 14,457m
25% Agro & Property - Rs 3,683m
16% Textile - Rs 2,301m
7% Healthcare - Rs 946m
34% Hotels & Resorts - Rs 4,860m
18% Finance - Rs 2,667m
Teamed up with Leading international partners
27,000 committed enployees worldwide
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About Us Company profile
CIEL Limited is a leading diversified investment company in Mauritius, operating five business clusters spread across Mauritius, Africa and Asia with 27,000 employees. Since its beginnings in agriculture in 1912, the pioneering group is continuously exploring new avenues of development and international expansion.
In February 2014, CIEL was listed on the Official Market of the Stock Exchange of Mauritius, following the merger of one of its investment companies into the Group’s holding company. With a market capitalisation of about MUR 9.3bn (USD 265.3m) as at 30 June 2016 and a consolidated turnover of MUR 18.53bn (USD 526.2m) for the 12 months period ending 30 June 2016, CIEL is one of the largest listed Mauritian companies. As at 30 June 2016, its portfolio was valued at MUR 13,940m and the group total assets at MUR 57,284m.
The activities of the Group are organised under five distinct business segments:
- Agro Industry & Property
- Financial Services
- Hotel & Resorts
CIEL partners with innovators and leaders in their respective fields.
- Tereos – 4th largest sugar producer in the world
- I&M Bank - Leading commercial bank in East Africa
- Religare - Leader in non-banking financial services in emerging markets
- Shangri La & Four Seasons Hotels Inc. – leaders in the hospitality industry
- Fortis - Prominent Indian healthcare group in Asia.
About Us Our Philosophy
As proud citizens of Mauritius, we also care about the welfare of the community and the environment.
CIEL made a long-term commitment by launching "Fondation CIEL Nouveau Regard" in 2004 in order to structure its social responsability activities.
CIEL is built on strong values :
INTEGRITY, HARD WORK, SPIRIT OF ENTREPRENEURSHIP, DARING PIONEERING, SENSE OF PARTNERSHIP AND ABOVE ALL, A STRONG HUMAN APPROACH.
About Us Key dates
CIEL takes control of Sun Resorts Ltd (SRL) through a shareholding of 39.32% in the company.
Listing of CIEL Limited on the Official Market of the Mauritius Stock Exchange.
CIEL Textile launches factories in Bangalore, India and Bangladesh.
CIEL Investment becomes the majority shareholder in
Sun Resorts Ltd and shareholder in Fortis Clinique Darné.
Official Inauguration of Anahita World Class Sanctuary (Anahita The Resort and Four Seasons Resort Mauritius at Anahita) and Inauguration of the Vallée de Ferney, ecotouristic and conservation activities.
Launch of The Kibo Fund LLC with a committed capital of €29m.
Launch of CIEL Investment’s first capital raising of a total of Rs1.2 bn.
2007 - 2008
Acquisition of First City Bank Ltd, now Bank One, in a joint venture with I&M Bank of Kenya.
2005 - 2007
CIEL Textile externalises its operations in India, China and Bangladesh.
Incorporation of CIEL Capital Limited and launch of IPRO.
Creation of the Fondation CIEL Nouveau Regard.
Aquarelle goes into Asia through a partnership with Tessitura Monti SPA.
Launch of IRS projects in Mauritius with Anahita and the start of eco-tourism with the Domaine de l’Etoile.
Incorporation of CIEL Properties Ltd.
New structure for Group CIEL : CIEL Textile Ltd, CIEL Agro-Industry Ltd and CIEL Investment Ltd.
Acquisition of the sugar estate TPC Ltd in Tanzania, in partnership with the Groupe Quartier Français de l’Ile de la Réunion.
Factory upgrading at DRBC Factory and launch of Powerplant Consolidated Energy Ltd.
Consolidation of Floreal Knitwear's activities and launch of the Hong-Kong office.
Joint-venture with Constance La Gaité Sugar Estate.
Incorporation of Aquarelle Clothing Ltd and acquisition of Harris Wilson.
Incorporation of Cirne Financial Services Limited (now Investment Professionals Ltd) and landmark year for Floreal Knitwear as the 2nd biggest worldwide producer of Woolmark pull-overs.
Start of CIEL's international expansion with the creation of Floreal Madagascar.
Incorporation of Flagstone Property Management Limited.
1978 - 1988
Consolidation of CIEL Textile with various acquisitions.
Incorporation of CIEL Investment Limited.
Start of diversification in textile with the acquisition of Floreal Knitwear.
Acquisition of Ferney Sugar Estate and centralisation of operations in Deep River Beau Champ (DRBC).
Deep River acquires Beau Champ Sugar Estate.
Acquisition of Deep River Sugar Estate Co Ltd which produces 2200 tons of sugar yearly.
About Us CIEL Corporate Services
CIEL Corporate Services Ltd
CIEL Corporate Services Ltd is a service company which provides a unique combination of corporate services and strategic support to the main operational clusters of CIEL. Based at the head office in Ebene, it formulates the overall strategic planning of the group and also offers several services such as :
- Strategic Opportunities, Strategic Planning & Decision-Making
- Risk Management, Financial Services, Accounting
- Business Valuations
- Corporate Finance
- Feasibility Studies
- Internal Audit
- Project Management
- Treasury Management
- Legal Support & Advice
- Corporate Affairs
- Company Secretary
- Group External and Internal Communication
- Human Resources Management
- Jean-Pierre DALAIS
Group Chief Executive, CIEL Limited
Jean-Pierre Dalais has been appointed Group Chief Executive of CIEL as from January 2017. He is also the former Chief Executive Officer of CIEL Investment Ltd. Prior to this, Jean-Pierre was closely involved with the industrial operations of CIEL and played a key role in the development of the overall Group's operations both in Mauritius and internationally. After graduating with an MBA from The International University of America, Jean-Pierre worked for Arthur Andersen in Mauritius and France.
- Jérôme De Chasteauneuf
Group Finance Director, CIEL Limited
Jérôme de Chasteauneuf was appointed Group Finance Director of CIEL Limited as from January 2017. He joined CIEL in 1993 as Project Financier, promoted Head of Finance of the Group in 2000 and was then Executive Director & Head of Finance of the Group. He also leads the Corporate Finance and Treasury Team of CIEL. He has been closely involved with the former CIEL Investment Ltd. Prior to joining CIEL, Jerome worked for Price Waterhouse Coopers, England and Jersey, between 1989 and 1993. He holds a BSc in Economics, Accounting and Finance from London Business School and is a qualified Chartered Accountant of England and Wales.
- Christine Sauzier
Head of Legal Affairs
Christine Sauzier joined CIEL Capital Ltd in 2006 as Senior Executive Legal Affairs and was promoted Head of Legal Affairs of CIEL Limited in 2010. She is specialised in corporate and company law and has been involved in several deals, including important merger and acquisitions transactions as well as the setting up of the first private equity fund sponsored by CIEL, the Kibo Fund. Christine holds a Licence en Droit Privé from Faculté des Sciences Juridiques de Rennes, France and an LLB (Hons) from University of Mauritius. Before joining CIEL, she was practising as an Attorney-at-Law at Etude Lagesse-Sauzier in partnership with Me. Danielle Lagesse, Attorney-at-Law.
- Clothilde de Comarmond
Clothilde de Comarmond qualified as a Chartered Secretary in 1999 and started her career at CIEL in 2000. She acts as Group Company Secretary–Corporate Affairs and has under her direct responsibility the delivery of expertise corporate secretarial services to a portfolio of large listed and non-listed companies. Clothilde has significant expertise in corporate services. She is an Associate member of The Institute of Chartered Secretaries and Administrators (ICSA) of England.
- Mathieu Razé
Head of Communications
- Amélie Audibert
Head of Human Resources
Amélie Audibert joined CIEL Corporate Services Ltd in 2008 as Communication and HR Coordinator and was appointed Manager in 2010. Prior to this, she was the HR Manager of Anahita The Resort. Before joining CIEL, Amélie was part of the HR and Communication Team of two leading local companies, Food & Allied Group and IBL Group.
Amélie holds an MSc in Social Sciences and Economics, a “DESS” in Human Resources Management from FASSE Institut Catholique, Paris and an MBA International from Dauphine Université Paris – IAE Université Paris 1 Pantheon Sorbonne.
- Shirley Chung
Corporate Finance Executive
Shirley Chung How holds a Bsc (Honours) from the University of Mauritius and is a Chartered Certified Accountant (UK). She started her professional career at PricewaterhouseCoopers, a leading financial advisory services firm, working in both assurance and corporate finance. She worked for a local private equity management company before joining CIEL as Corporate Finance Executive in 2008.
- Sébastien Daruty
Group Financial and Corporate Manager
Sébastien Daruty joined CIEL, in March 2014, as Group Financial and Corporate Manager. Prior to joining CIEL, Sebastien has worked in London since 2005 for Jeffreys Henry, Ernst & Young and most recently for EDF Energy. He holds a BSc in Mathematics and Statistics from the University of Southampton and is a qualified Chartered Accountant of England and Wales.
- Danny Runghen
Head of Treasury – Azur Financial Services Ltd
Qualified as Chartered Certified Accountant UK in 1998, Danny Satuda Runghen joined CIEL in February 2006 as Head of the Treasury Department. Before joining the group he spent 7 years with Super Group Limited, a South African JSE Listed group of companies, as Financial Manager / Treasurer to all Mauritian based companies. He also worked for 3 years with Multiconsult Limited, an offshore management company, as Fund Administrator.