The other very large groups

Sicom Group. SICOM Group, ranked 36th in the Top 100 Companies for 2023, demonstrated impressive financial growth, with turnover rising from Rs 3.99 billion in 2022 to Rs 5.57 billion in 2023, representing a 28% increase. Despite dropping slightly in the ranking from 32nd to 36th, this strong performance underscores the company’s continued expansion and market resilience.

Founded in 1975 to manage group pension schemes, SICOM has evolved over the decades into one of Mauritius’ most prominent financial and insurance service providers. Its diversified portfolio includes life and general insurance, pension fund administration, and investment management. The Group’s success can be attributed to its strategic focus on consolidating its market leadership, accelerating its transformation journey, and fostering sustainability across all its business operations.

SICOM’s growth is not only financial but also operational, as the company places a strong emphasis on innovation and adaptability in an increasingly competitive market. With its robust financial foundation and commitment to delivering value to its customers, SICOM is well positioned to maintain its leadership role in Mauritius’ financial sector while adapting to future challenges. The 28% growth in turnover is a testament to the Group’s ability to capitalize on new opportunities and drive forward its long-term strategic vision.