The assets of the Top 20 increased to Rs 742.9 billion
The economy is picking up and this is reflected on the performance of large companies in terms of asset base. In this year’s ranking, the combined total assets of the twenty biggest performers amounted to Rs 742.9 billion as compared to Rs 731 billion in the previous ranking, or an increase of 1.6%. Moreover, the total assets of the Top 20 in this ranking exceeded Rs 17 billion.
Group Chief Executive
Jean-Pierre Dalais
Once again, CIEL Group claims top spot in this year’s ranking with total assets amounting to Rs 98.1 billion against Rs 84.1 billion, i.e. a rise of 16.6%. The conglomerate which celebrated its 110th anniversary this year is presently focusing on the repositioning of its clusters with a greater emphasis on real estate and healthcare. As regards the real estate sector, the new investment brand Evolis was launched. This is part of the strategy of the group to revitalise its assets, including the transformation of textile factories. In healthcare, the project of a new private hospital operating under the C-Care brand is in the pipeline.
ENL Group maintains its second place in the current ranking, with its assets totalling Rs 78 billion as compared to Rs 74.3 billion in the 2021 ranking. The real estate sector continues to be one of the main drivers of growth for the group. Under this cluster, a 33% increase in revenue was posted in FY 2021-2022. One of the main projects presently in progress is the Savannah Connected Countryside which is being developed in the South under the Smart City Scheme. It is worth to note that the CEO of ENL Group, Hector Espitalier-Noël, will retire end of June 2023. It is Gilbert Espitalier- Noël who will take over the post of CEO of the group.
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