Leading Companies of Maldives 2020
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Publisher’s Note A warm welcome to the fourth edition of Corporate Maldives’ Gold 100 magazine, the annual listing of the 100 leading business entities of Maldives. The “Gold 100 Gala Night 2019” was an unbridled success and the positive feedback from event partners, participants and winners of the previous three years of Gold 100 only strengthen our resolve to make our fourth Gold 100 Gala an even more prominent event than before. As you are no doubt aware, Gold 100 is a prestigious business award in the Maldives. The winning companies are listed in alphabetical order, categorized by the industry irrespective of any sort of ranking. The eligibility criteria ranges from the number of years in operation, scale of operations, successful innovations introduced to the respective industry, and creative CSR efforts - all within the confines of the Maldivian law. After thorough examination and stringent perusal, only the companies at the top of the heap are deemed eligible to be part of the prestigious list. Just as with the previous three editions of Gold 100, in addition to awarding the winners, Corporate Maldives also recognizes two visionary business leaders with the Lifetime Achievement Award. The winners of this year’s distinguished awards were Mr. Salah Shihab, Founder and Managing Director of Voyages Maldives, and Mr. Abdul Rasheed, Founder and Chairman of Rasheed Carpentry and Construction. As two pioneers of their respective business industry, both gentlemen are living legends of the industry and role models for many young entrepreneurs in Maldives. We would like to take this opportunity to thank everyone who contributed with their time and effort to make the fourth edition of Gold 100 a reality, and we salute and appreciate the faithful support our partners have placed upon us to make this event a memorable one. It is our aspiration that all businesses in Maldives find inspiration to elevate to even greater heights and create innovative solutions for the challenges they face in the coming years. We wish to see an even more diverse collection of companies in the next Gold 100. Thank you.
RAS ERP
R AS E R P i s a c l o ud - b a se d E R P sui t a b l e f o r s m a l l a n d m e d i u m b u s i ne s se s . I t c o m e s w i t h a f u l l y f e a t u r e d H R m o d u l e, A c c o unt i ng , E - Co m m e r c e , T r a n s po r t , P O S & I n v e n to r y M a na g e m e nt . R A S E R P i s de ve l o pe d i n t h e M a l d i v es b y L a ni a k e a T e c h.
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RAS HRMS
RAS POS
RAS BUTLER
RAS ECOMMERCE
RAS TRANSPORT
RAS LOGIST IC
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S
Contents
03
30
NOTE BY PUBLISHER
LIFETIME ACHIEVEMENTS
07
38
INVESTING IN THE MALDIVES
GOLD 100 COMPANIES
Country Introduction 12
Overview
14
Maldivian Economy in 2019
17
Government Budget 2020
24
Legal & Regulatory Framework
26
Financial Sector of the Maldives
01 01
COUNTRY INTRODUCTION
Contributed by
MALDIVES ASSOCIATION OF FINANCE INDUSTRY & COSMOS INVESTMENT ADVISORS
Corporate Maldives GOLD 100
Overview The Republic of Maldives - an archipelago comprised of over 1,200 islands branched into 20 naturally forming atolls - is situated in the Indian Ocean. It lies southwest of India and Sri Lanka and the capital city of Maldives is Male’ located in Kaafu Atoll. The main growth sector of the Maldives economy is the tourism industry and, agriculture and fisheries industries are secondary contributors. Public policy initiatives set by the government and current legislation encourage foreign actors to invest particularly in the tourism industry and infrastructure projects. Dhivehi is the official language of Maldives but English is widely spoken and used in business.
Country Introduction Overview
13
Photography by: Dynamyst
Corporate Maldives GOLD 100
Maldivian Economy in 2019 Quarterly Economic Bulletins compiled and released by the Research Division (RD) of Maldives Monetary Authority has revealed significant economic developments in various aspects during the year 2019. The Gross Domestic Product (GDP) of the Maldives has increased to 9.4% in Q2-2019 while the growth rate was 4.7% during Q1-2019. Most recent indicators during Q32019 reflects that the significant increase in GDP is due to the strong economic activity led by the massive growth in the tourism industry (4%) where tourist arrivals increased by 10% and tourist bed nights increased by 8%
Country Introduction Maldivian Economy in 2018
which recorded an annual growth rate of 17.8% in Q2-2019. Positive developments were also seen in the wholesale and retail trade (2%) valued at US$366.1 million in Q32019 compared to US$ 358.7 million in Q3-2018 along with the fisheries sector while the increased commercial bank
10% tourist arrival growth recorded
credit led to the increased performance in the construction industry during Q3-2019. In addition, the transportation and communication sector grew by 11.3% while the education sector had a remarkable development of 16.9% in Q2-2019. The development in the industry is reflective from the tourism receipts, which are estimated at US$613.9 million during Q3-2019. The number of resorts in operation increased to 149 resorts during Q3-2019 from 128 resorts in Q3-2018. The increased air connectivity and flight
The fisheries sector and the wholesale and retail trade has seen positive developments, as well as the transportation, communication, and education sectors.
movements from major airlines to the Maldives along with strong domestic demand led to a further development in the industry of a remarkable 20% during Q3-2019 reflecting an increase of over 1000 flight movements compared to Q3-2018. The significant growth was led by the increased arrivals from Europe, Asia and Pacific region having 41% and 48% along with Italy (25%), Russia (21%) and Germany (9%). The growth in the tourism sector is also contributed by the increased arrivals from emerging markets such as Saudi Arabia, US and Pakistan during Q3-2019. The operational bed capacity for the quarter has also increased by 5,991 beds totalling to 47,880 beds which reflects a 14% increase in annual terms. However, the average occupancy rate of the industry fell to 54% in Q3-2019 compared to 57% during Q3-2018 where the average occupancy rate of resorts also decreased to 66% in Q3-2019 from 70% in Q3-2019. The government revenue declined in annual terms during Q3-2019 along with the decline in non-tax revenue and decrease in capital receipts. Moreover, the total expenditure rose in annual terms including write-offs, salaries and
There has been a decline in annual revenue, and a drop in GIR due to the decrease in commercial bank’s foreign currency deposits.
15
Corporate Maldives GOLD 100
wages while the capital expenditure declined by the fall in public sector spending and investment programme projects. The Gross International reserves (GIR) have also declined being valued at US$530.8 million by Q3-2019 which is a 6% fall compared to the corresponding quarter of 2018 while it is a massive 22% fall compared to Q2-
The inflation rate of Q3 2019 has improved compared to the previous quarter.
2019. The fall in GIR is mainly driven by the decrease in commercial bank’s foreign currency deposits held at the Maldives Monetary Authority. The inflation rate of the Maldives has improved where it was 1.33% during Q2-2019 which has declined to -0.04% in Q3-2019. The main decline in food prices are reflective from the declined prices of vegetables (12.2%), fish products
7% monetary developments of Maldives, unchanged due to the rise of transferable deposits.
(21%), audio and video recording equipment (20.8%) and domestic air transport (10.3%). The deflationary pressure is also seen from the fall in the prices of household appliances, clothing and furnishing. During Q3-2019, the monetary developments of Maldives remained unchanged at 7% contributed by the rise in transferable deposit base and other deposits in the banking system led by the growth in those deposits denominated in foregn currency by private sector and public non-financial corporations. Besides, total merchandise exports has decreased by 10% ($78.7 million) in annual terms during
Total merchandise exports has decreased due to fall in re-exports and domestic exports while imports have declined.
Q3-2019 compared to the corresponding quarter in 2018 which was contributed by the fall in re-exports as well as domestic exports while the imports also declined from construction related items, medical, surgical supplies, machineries, parts and mechanical appliances.
Country Introduction Government Budget 2020
Government Budget 2020 A government budget is an annual financial statement which outlines the estimated government expenditure and expected government receipts or revenues for the forthcoming fiscal year.In national finance, the period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. In the Maldives, Ministry of Finance is the government authority to set and forecast the budget for the forthcoming fiscal year. Finance Ministry has proposed a record MVR 37.5 billion state budget for the year 2020. The 2020 budgeted MVR 37.5 billion as expenditure for next year, the estimated revenue is at MVR 29.92 billion leaving a budget deficit of MVR 5.7 billion.
17
Corporate Maldives GOLD 100
The 2020 budget will mainly focus on recurrent expenditures which account for MVR 2.2 billion from the budget. While MVR 5 billion has been set for capital expenditure, MVR 10.2 billion has been allocated for PSIP. Unlike previous years, the 2020 State Budget was compiled to complement aims set out in the SAP which was publicized by the government in October. The plan includes pledges made under the manifesto of the current administration.
REVENUE AND EXPENDITURE It is estimated that the government would receive MVR 29.9 billion as revenue and grants in 2020, of which tax revenue constitutes the major item. Government revenue is classified under three main headings – tax revenue, nontax revenue and grants.
Country Introduction Government Budget 2020
The estimated budget for 2020 is MVR 37.5 billion, of
Revenue
which total expenditure is 35.6 billion. Total expenditure is calculated by deducting loan repayments and contribution to international financial institutions. Government components;
expenditure recurrent
is
made
up
expenditure
of
two
main
(expenditure
29.9
Billion Rufiyaa
incurred for the day-to-day running of the government and providing public services) and capital expenditure (expenditure on infrastructure projects and capital items such as machinery).
Expenditure
The estimated budget balance for 2020 is a deficit of MVR 5.7 billion. The primary balance for this period is a deficit of MVR 3.8 billion. This deficit is financed through various financial instruments and by borrowings.
35.6
Billion Rufiyaa The overall budget balance is the difference between total revenues and grants, and expenditures. There will be a budget deficit if the total expenditures are higher than the total revenues and grants. The primary budget balance is the overall balance after deducting loan servicing costs.
Deficit
5.70
Billion Rufiyaa
19
Corporate Maldives GOLD 100
BUDGET DETAILS
ECONOMIC AFFAIRS According to the ministry of finance, the biggest portion of the budget for 2020 is allocated for economic affairs. The 2020 Budget includes a total of MVR 7,912.4 million on economic affairs. Most of the expenditure in this sector (MVR 4,096.7 million) is allocated to economic, social and labour affairs.
Country Introduction Government Budget 2020
GENERAL PUBLIC SERVICES AND RECREATION, CULTURE AND RELIGION According to the ministry of finance, the second highest amount in the 2020 budget is allocated for General Public Services and Recreation, Culture and Religion.
7.91
Billion Rufiyaa
The 2020 budget allocates MVR 3,168.8 million on the provision of general public services. A total of MVR 2,998.2 million is allocated for executive and legislative organs, financial and fiscal affairs, and external affairs. MVR 822.8 million is allocated for recreation, culture and religion in budget 2020. MVR 446.8 million is allocated towards recreation and sporting services while MVR 316.8 million is allocated to religious and other community services. A total of MVR 3,727.4 million is allocated in the 2020 budget for debt services and amortisation. Of this, MVR
7.73
Billion Rufiyaa
1,883.7 million is allocated for public debt transactions and MVR 1,843.7 million is allocated for interest payment and debt servicing.
EDUCATION The education sector is the one of the key areas the government is focused on its budget for 2020. Therefore, it has allocated MVR 4,411.6 million for the education sector. Among that MVR 1,140.8 million is allocated for tertiary education while the remaining MVR 3,270.8 million is allocated for education, not elsewhere classified.
4.41
Billion Rufiyaa
21
Corporate Maldives GOLD 100
HEALTH The 2020 budget includes a total of MVR 4,107.8 million for
4.10
Billion Rufiyaa
the provision and expansion of healthcare services. From this budget, MVR 3,523.2 million is allocated for hospital services while MVR 584.7 million is allocated for general health services.
SOCIAL PROTECTION Expenditures on this function aim to promote equality within the society. From the budget allocated for this
3.99
sector, MVR 1,371.6 million is allocated for sickness and disability, MVR 1,320.0 million for old age, and MVR 1,299.1 million for other expenditure for social protection.
Billion Rufiyaa
HOUSING AND COMMUNITY AMENITIES MVR 3,110.7 million is allocated for housing and community
3.11
Billion Rufiyaa
amenities in the 2020 budget. Among this, the majority of expenditure (MVR 2,891.1 million) are on housing and community development.
Country Introduction Government Budget 2020
DEFENCE, AND PUBLIC ORDER AND SAFETY The 2020 budget allocates MVR 9,942.5 million for public order and safety. The majority of the expenditures are on border control and public safety. This constitutes a total budget of MVR 1,808.2 million
2.94
Billion Rufiyaa
The 2020 budget allocates a total of MVR 1,493.8 million on defence related expenditures. The majority of this is spent on military defence with a total of MVR 1,333.0 million.
ENVIRONMENTAL PROTECTION
1.79
The 2020 budget allocates a total of MVR 1,798.0 million on environmental protection. Expenditure on this function includes waste management, waste water management, pollution
abatement
protection
of
biodiversity
and
landscape, among others. The largest component, among this, is the waste water management for which MVR 1,059.1 million is allocated for in the 2020 budget.
Billion Rufiyaa
23
Corporate Maldives GOLD 100
Legal & Regulatory Framework The Maldives follows a common law system with the Maldivian Courts given discretion to apply the law in accordance with existing legislation by using common law precedents and, sources of Islamic law (Shari’a). Laws that govern commercial enterprises and undertakings are generally covered in the following sources of law:
The Constitution of Maldives
The laws enacted by Parliament
The Regulations published under existing laws
Guidelines and rules issued by government ministries and institutions
Country Introduction Legal & Regulatory Framework
The Maldives has a presidential system whereby the President is elected by popular vote for a period of five years and may sit for a maximum of two terms. The members of parliament, contains a total of 85 members elected by popular vote every five years. Laws are passed by Parliament and thereafter assented by the President of the Republic of Maldives. After laws have taken effect, subsidiary legislation, or guidelines may be published, from time to time, by Government authorities and the respective line ministries charged with implementation of relevant laws. The Maldives has an adversarial court system. In civil matters both the plaintiff and the defendant are allowed to present their case with supporting evidence and arguments to prove their claim. Once the court has ruled on the matter, the impugning party may further dispute it with an appellate court. The Maldives does not have separate Mercantile Courts for commercial disputes and therefore, most major commercial disputes will have their original jurisdiction in the Civil Court or as established in accordance with the Judicature Act. However, a separate administrative tribunal – the Tax Appeal Tribunal – was created in 2010 as a first instance tribunal for all tax related disputes. Furthermore, the Arbitration Act of Maldives recognizes Arbitration as a form of alternate dispute resolution
Laws are passed by Parliament and thereafter assented by the President of the Republic of Maldives.
25
Corporate Maldives GOLD 100
Financial Sector of the Maldives The financial sector of the Maldives comprises of commercial banks and non-bank financial institutions.
The Maldives Monetary Authority and the Capital Market Development Authority are the regulators of the financial sector of the country.
The non-bank financial institutions include insurance companies, a finance leasing company, a housing finance company, money remittance companies and payment service providers, the pension fund and companies operating in the capital market. The Maldives Monetary Authority and the Capital Market Development Authority are the regulators of the financial
Rf Rf Rf RfRf Rf Rf RRf fRf RfRfRf RfRf Rf RfRfRf Rf Rf
sector of the country. The CMDA is responsible for regulating and developing the securities market and the pension fund, while all the other financial institutions and service providers are licensed, supervised and regulated
Rf
by the MMA.
Country Introduction Finacial Sector of the Maldives
MALDIVES MONETARY AUTHORITY The Maldives Monetary Authority is the central bank of the Maldives and the main regulator of the financial sector. It was established on 1st July 1981, under the mandate
The key functions of the MMA are as outlined below:
provided by the MMA Act (1981)
MONETARY POLICY The
MMA
is
responsible
for
the
formulation
and
implementation of monetary policy in the Maldives. Under
01
Issue and regulate the availability of the Maldivian rufiyaa
02
License, supervise and regulate the financial sector
03
Maintain price stability
04
Advise the government on banking and monetary matters
the MMA Act (1981), the main objective of monetary policy is to achieve price stability and to maintain an adequate level of foreign exchange reserves. Under the current monetary policy framework, the MMA uses a fixed exchange rate system with the US dollar as an intermediate target to achieve its policy objective, and in turn intervenes in the foreign exchange market to keep the exchange rate pegged within a stipulated band. The main monetary policy instruments of the MMA are the minimum reserve requirement, open market operations, foreign currency swaps and the standing facilities: the overnight deposit facility and the overnight lombard facility. All monetary policy decisions are made by the Board of Directors of the MMA after reviewing the macroeconomic conditions and recommendations made by the Monetary Policy Committee of the Authority.
27
Corporate Maldives GOLD 100
CAPITAL MARKET DEVELOPMENT AUTHORITY The capital market regulatory framework in the Maldives allows for issuance of equity securities, both conventional and Islamic, debt securities and Sukuk.
Capital Market Development Authority (CMDA) is the statutory body in the Maldives officially entrusted under the Maldives Securities Act in 2006 to develop and oversee the capital market. The steady development of the Maldives’ capital market remains a central priority for Maldives to emerge as a stable economy and socially intact through effective capital formation. Since its inception, CMDA has implemented several regulatory interventions to aid the development of the Maldives capital market.
All listed companies are mandated to comply with the corporate governance code which was introduced in 2008, and is also open for voluntary adoption by private companies.
Maldives possesses inherent challenges due to its scattered geography and disparate sociodemographic characteristics that majorly stifle market growth. However, the capital market of the Maldives triumphantly concluded the year 2019 with a market capitalization of over MVR 17 billion with many other remarkable achievements. This includes, inter alia, the successful initial public offering of Maldives Islamic Bank, which raised over MRV 244,125,000 with a 46.05 percent oversubscription, conducting of several trainings and awareness programs pertinent to capital market, having a wealthy and growing pension fund widely investing in the capital market, hosting of the Maldives’ first Capital Market Forum, launching of the Maldives’ first tourism investment fund and implementation of reformative regulatory initiatives. Currently, there are nine Equities, three Bonds and three Sukuks as listed securities in the Maldives capital market.
Country Introduction Capital Market Development Authority
CMDA strives to promote international best practices as a regulator to nurture sustainable market growth. This is greatly facilitated through the membership held by CMDA in the International Organization of Securities Commission (IOSCO), the international standard setting body for the securities market worldwide, that enables CMDA to enhance its professional practices. CMDA continues to partner with many other international developmental agencies to explore opportunities for growth and synergies. The year 2020 holds promising prospects for capital market of the Maldives. After significant reform efforts, the government securities market is paving way to integrate to the capital market along with an advanced technological platform, which is expected to increase the market capitalization in many folds. In addition, it is expected that more private investments will come to fruition through the novel private placement framework, which will enable Maldivian businesses to obtain finance with more favorable terms.
The Islamic finance industry in the Maldives is evolving at a steady pace, and the capital market development master plan also focuses on promoting issuance of Sukuk.
29
Corporate Maldives GOLD 100
MR. ABDUL RASHEED Chairman of Rasheed Carpentry and Construction
Lifetime Achievement
Lifetime Achievement
As Chairman of Rasheed Carpentry and Construction Pvt Ltd (RCC) and a successful entrepreneur, Abdul Rasheed is leading one of the long standing and reliable construction and carpentry company’s in the Maldives. Prior to founding RCC, Abdul Rasheed gained tremendous skills and hands-on experience working with his father over a span of 30 years in the small carpentry workshop at his home. Over the years, the company transformed into one of the most respected general contracting companies in the Maldives and has proved the ability to take on large and complex projects to be completed on time, on budget and at the highest levels of quality. Abdul Rasheed has always been conscious on delivering quality products and services, and supervises the workforce and sites personally. The company has developed multifaceted systems and procedures to ensure control over cost, quality, schedule, scope, and safety, ensuring the highest degree of professional service and results on all projects undertaken.
31
Corporate Maldives GOLD 100
Lifetime Achievement
Mr. Salah Shihab is the founder shareholder and Managing Director of Voyages Maldives and Seagull Group. After completing his Bachelor’s degree in the field of Economics in Australia, Mr. Shihab returned to Maldives and served the country by filling various government positions such as Deputy Minister of Foreign Affairs, and serving as a member in the People’s Majlis for Male’ constituency from 1983 to 1988. Throughout his lengthy business career which spans over forty years, he has explored multiple sectors such as trade, tourism, and aviation to name a few. His vision to operate Safari boat trips is realised in the fleet of seven safari boats run by Voyages Maldives today. Starting small by setting up the company as a start up in the early 1980’s, he worked his way up, acquiring islands in Ari Atoll to eventually become an influential businessman in the industry. In acknowledgement of the innumerable ways he has contributed to the success of the industry and the country, Gold 100 is recognizing his services by awarding him the prestigious Gold 100 Lifetime Achievement.
Lifetime Achievement
MR. SALAH SHIHAB Managing Director of Voyages Maldives
33
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Corporate Maldives GOLD 100
Gold 100 Companies AAA HOTELS & RESORTS
D BLUE
ABC CONSTRUCTION
DAMAS COMPANY
ACE TRAVELS MALDIVES
DHIVEHI INSURANCE
ADAARAN RESORTS
DHIVEHI RAAJJEYGE GULHUN
ADK GROUP OF COMPANIES
DHIVEHI VIUGA
AH BROTHERS
DIAL TRADE AND TRAVELS
AL SHAALI MARINE MALDIVES
ENSIS FISHERIES
ALLIED INSURANCE
EURO GLOBAL MALDIVES
AMÃNA TAKAFUL (MALDIVES)
EXTREME MALDIVES
AMIN CONSTRUCTION
FEDO
ANTRAC HOLDING
FUEL SUPPLIES MALDIVES
APOLLO HOLDINGS
GCI MALDIVES
ARENA
HABIB BANK
ASIA FORWARDING
HANDY
ASK HOLDINGS
HAPPY MARKET
ASTERS
HASSAN MARINE
ATOLLMARKET
ENGINEERING SOLUTIONS
AVIA MALDIVES
HORIZON FISHERIES
BANK OF MALDIVES
HOTELS AND RESORTS
BISON MALDIVES
CONSTRUCTION
CENTURION
HOUSING DEVELOPMENT
CEYLINCO INSURANCE COMPANY
CORPORATION
CHANDELIER COMPANY
HOUSING DEVELOPMENT
CITY INVESTMENTS
FINANCE CORPORATION
CO-LOAD MALDIVES
ILAA MALDIVES
COPIER PLUS
INTOUR MALDIVES
CROWN AND CHAMPA RESORTS
ISLAND AVIATION
Gold 100 Companies
ISLANDERS EDUCATION
PERSONAL COMPUTERS
JAAH
PESTEX MALDIVES
JUST FOR MAAKIN
RASHEED CARPENTRY &
KAIMOO TRAVELS & HOTEL SERVICES
CONSTRUCTION
KEIRETSU
REDWAVE
LEO TRADING
REEFSIDE COMPANY
LIFE SUPPORT
REF COOL
LINKSERVE
SEAGULL GROUP
LITUS AUTOMOBILES
SILVER SANDS
M7 PRINT
SINAF
MALDIVES AIRPORTS COMPANY
SIRIUS ENTERPRISES
MALDIVE GAS
SONEE HARDWARE
MALDIVES INFLIGHT CATERING
STATE TRADING ORGANIZATION
MALDIVES ISLAMIC BANK
STATIC COMPANY
MALDIVES PORTS LIMITED
SUN FRONT
MALDIVES TRANSPORT AND
SUNWILL
CONTRACTING COMPANY
SYMPHONY MALDIVES
MALE’ AERATED WATER COMPANY
THE HAWKS
MALE’ WATER AND SEWERAGE COMPANY
TRANS MALDIVIAN AIRWAYS
MAXCOM TECHNOLOGIES
TTS GROUP
MEDIANET
UNIVERSAL ENTERPRISES
MEGACHIP ELECTRONICS
VAM & COMPANY
MHA
VB BROTHERS
MUNI ENTERPRISES
VILLA SHIPPING AND TRADING
NALAHIYA TRADING
COMPANY
NOVELTY PRINTERS AND PUBLISHERS
VOYAGES
OOREDOO MALDIVES
39
AAA Hotels & Resorts MANAGING DIRECTOR
Abdulla Ali
YEAR STARTED
2015
EMPLOYMENT
15
INDUSTRY
Tourist Resorts
OWNERSHIP
Privately Held
SUBSIDIARIES
AAA Trading Company Pvt Ltd
The company has been in the tourism sector for many years established in the year 1979 with the vast experience and expertise knowledge of Mr. Abdulla Ali; the current chairman of the group. AAA Company had been in the various businesses for many years including trade business, handling resort projects, operating resorts. The company has been awarded with great reputation and identified as the most well-known local management brand. Our mission is strengthening our relationship AAA HOTELS & RESORTS PVT LTD +960 331 6131 shamoona@aaa.com.mv www.aaaresorts.com
with all business and to provide excellent and effective services to our clients by making their holiday memorable and satisfying. Currently we have four properties Medhufushi Island Resort, Filitheyo Island Resort, Hondaafushi Island Resort and Bathala Island Resort.
PRODUCTS & SERVICES: Medhufushi Island Resort is a heaven of peace and relaxation. An air of tranquility pervades the idyllic island which is adorned with shady coconut trees and tropical flowers. Filitheyo is a breath-taking island paradise of leafy jungle foliage and sparkling white sand. Filitheyo resort is at Faafu Atoll one of the most pristine atolls in the Maldives. Hondaafushi, a lifestyle Brand located in HDhAtoll with land area of approximately 59 hectares. Bathala, a three-star resort located in North Ari Atoll.
ABC Construction MANAGING DIRECTOR
Ahmed Waheed
YEAR STARTED
2009
EMPLOYMENT
380
INDUSTRY
Construction
OWNERSHIP
Privately Held
ABC Construction Company Private Limited is one of the fastest growing construction companies in Maldives. The company was formed with the aim to become the leading construction company in Maldives by providing quality service to its clients. Since its establishment in 2009, the company’s client base has grown steadily over the years. Headquartered in Male’, the capital of Maldives, the company employs over 180 employees. Each member in the management team of this company has at least 12 years of prior experience in their respective ABC CONSTRUCTION PVT LTD +960 300 3636
fields in the construction sector of Maldives and they are fully committed to deliver quality service to the company’s clients.
md@abcconstruction.com.mv mail@abcconstruction.com.mv www.abcconstruction.com.mv
PRODUCTS & SERVICES: Our corporate philosophy is that all our services are delivered in a way that the client is satisfied that the projects are completed in the most cost-effective manner. At the early stages of every project, a close relationship is first established with the client to understand the client needs to deliver the service better suited for the respective client. This may include discussion with the client to understand how the building structure the client intends to use during its lifetime.
Ace Travels Maldives MANAGING DIRECTOR
Mohamed Firaq
YEAR STARTED
2005
EMPLOYMENT
31
INDUSTRY
Aviation
OWNERSHIP
Privately Held
SUBSIDIARIES
Ace Holidays, Ace Premier
Ace Travels Maldives, is a leading Travel Company in Maldives. Since its inception in 2002, Ace Travels Maldives has played an important role in catering to the travel needs supporting the expanding Tourism in the Maldives and its a JV between Inner Maldives Holidays and Aitken Spence Travels, Sri Lanka. The rapid growth of the company is due to the experience brought in by the two joint venture partners and the solid managements. The company has diversified into the aviation ACE TRAVELS MALDIVES PVT LTD +960 777 6886 +960 333 6886 roshan@acetravels.mv
industry and was appointed as: SriLankan Airlines: PSA in the Maldives in 2007; GSA for Cathay Pacific in 2018; and PSA for Qatar Airways, IndiGo Airlines, Maldivian Airlines & MantaAir.
PRODUCTS & SERVICES: Ace Travels is one of the leading fully fledged travel agencies & we cater with all the following products and services: flight tickets; hotel packages; MICE tours; special student discounts; special medical assistance; VIP/CIP service; 24/7 service; airport ground handling; lounge facility service; customised corporate solutions; loyalty program; corporate privileges; land transportation; cruise tours; online travel agency solutions; leisure packages; visas & travel insurance; handling airport corporate agreements; and accommodation handling.
Adaaran Resorts MANAGING DIRECTOR
Susith Jayawickrama
YEAR STARTED
1997
EMPLOYMENT
995
INDUSTRY
Tourist Resorts
OWNERSHIP
Aitken Spence Plc.
Luxury boutique wellness resorts offering a perfect blend of lavishness and comfort, Adaaran Resorts in the Maldives presents unparalleled luxury with a touch of tradition. Nestled in blissful seclusion, each of our Maldives resorts offer a unique set of defining characteristics attracting guests from all over the world. Featuring plush accommodation in the lap of paradise, our efforts are focused on providing guests a holiday to be treasured. Choose the perfect Maldives resort that will best suit your holiday spent on these inviting islands, giving new meaning to an exotic ADAARAN RESORTS
tropical getaway. Our Resorts are Adaaran Club Rannalhi, Adaaran Select
+960 664 0375
Hudhuranfushi, Adaaran Select Meedhupparu, Adaaran Prestige Vadoo,
suresh@aitkenspence.lk www.adaaran.com
Adaaran Prestige Water Villas and two upcoming Heritance Resorts as luxury products.
PRODUCTS & SERVICES: Adaaran Resorts manages and operates four island resorts in Maldives. Adaaran Club Rannalhi - Located in South Male atoll within the exotic collection of islands known as the Maldives Adaaran Prestige Vadoo - Luxurious Maldives Island resort that stands out amongst the best. Adaaran Select Hudhuranfushi - Set in 83 acres of lush tropical beach property and popular for surfing. Adaaran Select Meedhupparu - One of the best Maldives resorts offers blissful accommodation for the discerning traveler to the Maldives.
ADK Group of Companies MANAGING DIRECTOR
Ahmed Nashid
YEAR STARTED
1987
EMPLOYMENT
2100
INDUSTRY
Other
OWNERSHIP
Privately Held
SUBSIDIARIES
ADK Enterprises Pvt Ltd, ADK Company Pvt Ltd, ADK General Trading/ Mi Rajje Investment Pvt Ltd, ADK Trade & Shipping Pvt Ltd, ADK Hospital Pvt Ltd, Pharmaceutical Company Pvt Ltd
ADK GROUP OF COMPANIES
The establishment of ADK Group Companies began with a small medical
+960 301 0086
clinic, initially during the year 1987, swiftly developing modern medicine
nashid@adkenterprises.com
at a fast pace between the years 1992 to 1996. Eventually, ADK Company
www.adkhospital.mv
inaugurated the first, state of the art hospital in the Maldives. Being one of the first and most recognized names in the Healthcare Industry, ADK Group became the leader in providing medical and pharmaceuticals to the nation. In addition to the establishment of modern medicine for the nation, ADK Group along with its subsidiaries succeeds in significant business sectors such as wholesale and retail of FMCG Goods, Real Estate Development, Logistical Services, Leasing of Earth Moving Equipment as well as the Luxury Tourism Industry of Maldives.
PRODUCTS & SERVICES: Healthcare Services, sales of medical devices and equipment, retail and wholesale of multinational brands for pharmaceuticals and Nutritionals, optical services and products, wholesale and retail trade for multinational FMCG goods, logistical and transport solutions within the country as well as outbound shipping for heavy cargo, salvage operations for ocean vessels, and the operation of a Luxury Vessel contributing to the luxury tourism of the Maldives.
AH Brothers MANAGING DIRECTOR
Hussain Hassan Manik
YEAR STARTED
1991
EMPLOYMENT
106
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Private Held
Established in 1991, AH Brothers is a leading hardware wholesale and retailer in the market for over 25 years. Initiated by Mr.Ali and Mr. Hussain, built on the concept “Find all your hardware in one place”, AH Brothers has been successful in maintaining this motive with the support of our employees and customers. Boasting a full range of Hardware, Electrical items, Pipes and Fittings, Power Tools & Machinery, Sanitary ware, Paint, Safety wear equipment, Building materials, Interior, Paneling and Finishing solutions, AH Brothers is still proudly among AH BROTHERS PVT LTD +960 330 5515
the top ranked stores in the country. We are determined in assuring our clients value in the products and services offered.
marketing@ahb.com.mv www.ahb.com
PRODUCTS & SERVICES: We carry some of the most prominent brands in the market and are the authorized distributor of “Sheetrock” all purposes joint compound and dealers of other prevalent brands such as GREENLAND plastics, Guess sanitary ware, Colourland Paints, Kelani Cables, DNT (Water exterior compound), Usha Fan,
Star brand gypsum boards. Brands such as
ABB, Hager, Clipsal. PATTA, Dunlop and Hitachi are also available in our outlets. Free delivery is offered throughout Male’.
Al Shaali Marine Maldives MANAGING DIRECTOR
Ahmed Umaru Manik
YEAR STARTED
2006
EMPLOYMENT
107
INDUSTRY
Boat Building
OWNERSHIP
Privately Held
SUBSIDIARIES
Al Shaali Marine Dubai, Coastline Investments
The main branch of AS Marine Maldives Pvt Ltd in UAE was established in 1979 and is considered to be the pioneer of fiberglass boat and yacht manufacturer in the Middle East. Al Shaali Marine Maldives Pvt AL SHAALI MARINE MALDIVES PVT LTD
Ltd has been serving Maldives for more than a decade with its top-
+960 664 6066
quality fiberglass boats, ranging from 8ft Safety Dingy to 47ft Speed
info@asmarinemaldives.com
Launches & 50ft Diving Excursion, Game Fishing Dhoni’s. What makes
www.alshaaligroup.com
AS Marine different from any other manufacturer is that we take care of our clients the way a family would; by offering and maintaining the highest standard of safety and durability on the sea.
PRODUCTS & SERVICES: AS Marine is dedicated on delivering vast variety of services, from boat repair and refurbishment of boat’s structure and systems to, with wide range of boat type, for the satisfaction of customers; boat designing and manufacturing; fabrication and welding works; engine rebuilding and fitting works; boat and yacht hauling and service; interior and exterior refurbishment; complete boat fitout; electric jobs; carpentry and decking works; painting and polishing.
Allied Insurance MANAGING DIRECTOR
Mohamed Shafaz
YEAR STARTED
1984
EMPLOYMENT
189
INDUSTRY
Financial And Insurance
OWNERSHIP
Privately Held
Allied Insurance Company of the Maldives Pvt Ltd is the leading and largest insurance services provider offering total solutions with a comprehensive range of general and life insurance and takaful services throughout the Maldives. Our business is based on a commitment to providing innovative insurance solutions and a philosophy that places high value on a continuous lifecycle approach to customer service. Our customers include individuals, small to medium businesses, corporate and government institutions. We provide total insurance solutions ALLIED INSURANCE COMPANY OF THE
and cater to specific needs ranging from simple consumer services
MALDIVES PVT LTD
to complex integrated business covers for local and global corporate
+960 330 0033
customers. With over three decades of excellence and a proven
info@allied.mv www.allied.mv
record of success, we continue to lead the market, holding a superior market position on high value segments such as tourist resorts, major government development projects and the largest corporate enterprises of the Maldives. In addition, we are the only insurer providing life insurance services (including family takaful).
PRODUCTS & SERVICES: Dive Insurance; Expatriate Insurance; Health Insurance; Inbound Travel Insurance; Individual Accident Insurance; Motor Insurance; Travel Insurance; Child Education; Endowment; Boat Building Insurance; Cargo Insurance; Consequential Loss Insurance; Contractors All Risks Insurance; Dive Insurance; Electronics & Computer Insurance; Erection All Risks Insurance; Fidelity Guaranatee Insurance; Fire & Additional Perils Insurance; Guest House Insurance; Group Term Assurance Insurance; Group Health Insurance; Boat Building Takaful; Cargo Takaful; Contractors Takaful; Consequential Loss Takaful; Dive Equipment Takaful; Expatriate Takaful; Fire Takaful; Group Personal Accident Takaful; Group Health Takaful; Hajj & Umrah Takaful; Home Takaful; Individual Health Takaful; Hull Takaful; Motor Takaful; Money Takaful.
Amãna Takaful (Maldives) MANAGING DIRECTOR
Hareez Sulaiman
YEAR STARTED
2003
EMPLOYMENT
41
INDUSTRY
Financial and Insurance
OWNERSHIP
Public Ownership
Amãna Takaful Maldives made significant advances in 2019, propelling our strategy and situating our organization for future achievement. The dynamic and energizing journey of ATM is stimulated by the patronizing loyal customers, experienced board members as well as the professional staff corps. As the only fully fledged Takaful service provider and the second largest insurance company, we strategically craft our game plan to cater the growing needs of the market, whilst keeping abreast with global trends. Our responsibility towards the community is deeply AMÃNA TAKAFUL (MALDIVES) PLC
embedded in our business planning, as, social capacity development is
+960 331 5262
a priority from the beginning. We aspire to be a responsible business
info@takaful.mv
entity providing total Takaful solutions and serving all in an admirable
www.takaful.mv
manner.
PRODUCTS & SERVICES: Amãna Takaful Maldives PLC is a property and casualty Takaful service provider. The product line is segregated in to two broad categories, a) medical Takaful, b) non-medical Takaful solutions. On the medical front, we have empaneled 250+ service providers where our medical card holders are offered cashless services, whilst, in neighboring countries we have representatives of ATM assisting our medical customers. In the non-medical line, solutions are readily available from motor bikes to homes, properties and business entities. Our agents are also growing in numbers, serving in both Male’ and island-wide. Our services are available online, stendered through our website and mobile application.
Amin Construction MANAGING DIRECTOR
Abdulla Mohamed
YEAR STARTED
1989
EMPLOYMENT
852
INDUSTRY
Construction
OWNERSHIP
Privately Held
Established in 1984, AMIN Construction bolsters more than 35 years of experience and are widely considered as one of the pioneers of the Maldivian construction industry. Known for their competitive prices, quality products and timely delivery of projects, AMIN Construction is committed to provide services and technical expertise in all aspects of civil construction. They undertake a variety of projects for a wide range of clientele - from small private developments to large scale island developments for Government and the tourism industry. Their AMIN CONSTRUCTION PVT LTD
unique and flexible project management systems ensure that the best
+960 332 4369
outcome is achieved regardless of the size or nature of the project.
projects@aminconstruction.net
AMIN Construction is driven to continue the high levels of customer
www.amin.com.mv
satisfaction achieved over the last 35 years.
PRODUCTS & SERVICES: Amin Construction provides the following products and services: building and civil construction; resort construction; value engineering and project management; building products wholesale and retail; carpentry and metal works; aluminum & glazing works; heavy machinery rental and logistics; dredging and land reclamation; drafting and quantity surveying; marine cargo transport; bored piling; and sheet piling.
Antrac Holding MANAGING DIRECTOR
Mohamed Hameed Hassan
YEAR STARTED
2003
EMPLOYMENT
200+
INDUSTRY
Logistics
OWNERSHIP
Privately Held
SUBSIDIARIES
Well Land Investment Pvt Ltd, Expert Motor Services Pvt Ltd, Maldives Petroleum Link Pvt Ltd, Shine Home Properties Pvt Ltd, Indian Ocean Charters (Maldives) Pvt Ltd, Seal Maldives Pvt Ltd
Antrac Holding Pvt Ltd was established by Mohamed Hameed. After ANTRAC HOLDING PVT LTD
15 yrs experience in the Marine and tourism industry, he joined with
+960 331 0096
his partner Abdul Hannan, who also have a great deal of experience
mhameed@antracholding.com
in the marine, tourism and trade industry. The company is a leading
www.antracholding.com
marine service company attending more than 90% foreign trade vessel, cruise ships, luxury yachts, naval ships, research ships, survey vessels, roro and heavy lifts (all types of foreign vessels in general), also the company is one of the leading freight forwarding, local transportation and international trading company in Maldives. AHPL team of employees consists of skilled and professional people with vast array of knowledge and experience in the field.
PRODUCTS & SERVICES: Challenge and deliver exceptional value and services and state of the art complete solutions with efficiency to all our clients and customers to take the business beyond the national borders, offers a wide array of products and services: marine services; freight forwarding services; bunkering & fuel supply; logistics; automobile; yachts chartering; resort development; real estate; and rental services.
Apollo Holdings MANAGING DIRECTOR
Abdul Muhsin Hussain
YEAR STARTED
2001
EMPLOYMENT
490
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
Apollo Holdings Private Limited, founded in 1998, is a firm offering a divergent range of products and services, operating for 20th years with a flawless reputation for consistent excellence and professional Integrity. Our greatest strength is our ability to adapt to the changing demands of our clients and the market, incorporating diversity into our portfolio of services with import and trade of construction and hardware materials, combined complete logistical services and most recently branching in to the real estate market. Our firm employs a team of specialized staff, APOLLO HOLDINGS PVT LTD
driven and dedicated to meet and exceed the demands of our clients.
+960 333 5699 +960 332 0065 info@apolloholdings.com.mv www.apolloholdings.com.mv
PRODUCTS & SERVICES: Apollo Holdings is proud to be among the top suppliers of construction materials in the Maldives. Our range of products include (but are not limited to) deform bars, gi pipes, ms hollow pipes, nylon ropes, plastic bags, pvc pipes & fittings, water tanks, safety products, paints, lubricants, hand tools and general hardware. Our services include stevedoring, dhoani hire, port facility, heavy equipment rental, cargo storage, offshore logistics and delivery, land craft hire and combined logistic solutions.
Arena MANAGING DIRECTOR
Bunyameen Ahmed
YEAR STARTED
2014
EMPLOYMENT
125
INDUSTRY
Tourist Guesthouses
OWNERSHIP
Privately Held
Arena Pvt. Ltd is a Hotel Management Company incorporated in the Maldives in 2014. The company’s operation, however, can be traced back to 2011, when our very first guesthouse, Arena Lodge was opened. In few months of its operation, we expanded to build another guesthouse with 19 beds. As the company’s guesthouse operations thrived, Arena Pvt. Ltd went on to develop, build, own, and operate an expansive portfolio of hotels. And the Arena Beach Hotel is the first venture of our hotel business with an extensive experience in all phases of guesthouse ARENA PVT LTD
and property management field. Today, Arena Pvt. Ltd. is a full-service
+960 777 8599
hotel management company offering a broad range of services in the
samih@arenabeachmaldives.com www.arenabeachmaldives.com
business of tourism and hospitality.
PRODUCTS & SERVICES: The Hotel is astutely located along the beach area with over 150 lavish rooms completed with a spacious balcony providing a picturesque view of the island’s vibrant turquoise lagoon. Complimenting the stay is the restaurant catering from comfortable family style dining experience to romantic candle-lit dinners (private). Furthermore, we host beautifully executed wedding celebrations and other merriments. The experience is made even more enjoyable with the limitless opportunities for exciting adventures such as excursions, water sports, snorkeling, diving, manta watching, dolphin safari and more relaxing activities like live music, cultural shows and day cruises.
Asia Forwarding MANAGING DIRECTOR
Ahmed Ziyadh Mohamed
YEAR STARTED
2005
EMPLOYMENT
31
INDUSTRY
Logistics
OWNERSHIP
Privately Held
SUBSIDIARIES
International Shipping, Freight Forwarding, Customs Clearance
Asia Forwarding is affiliated with world’s largest and most powerful network of independent freight forwarders, with over 7250 member offices in 190 countries around the world. Asia Forwarding Pvt Ltd is positioned in an efficient global network, determined to expand its physical presence in key strategic locations, especially in Asia Pacific ASIA FORWARDING PVT LTD
region, starting with our recently established branch offices in Bangkok,
+960 334 3041
China and Dubai. Our capacity assure us a leading position in the region
info@theasiaforwarding.com
with the promise of top-notch service. With this, and being a proud
www.theasiaforwarding.com
member of FIATA, WCA - world’s largest and most powerful network of independent freight forwarders and the prestigious World Freight Network (WFN) family we aim to be a role model in the industry.
PRODUCTS & SERVICES: Our services: sea freight - FCL and LCL Container Services (Direct consolidations covering more than 350 destination worldwide); air freight; customs brokerage service; warehousing & distribution; project cargo handling; liner & agency service; bunkering & ship chandelling; cruise liner & yacht handling service; Atoll Container Express Service (ACES); and reefer logistics service to resorts & hotels.
Ask Holdings MANAGING DIRECTOR
Aminath Mirfath Ahmed
YEAR STARTED
2004
EMPLOYMENT
55
INDUSTRY
Construction
OWNERSHIP
Privately Held
In 2004, with a share capital of MVR 19 million, Mr. Ali Sulaiman formed a holding company, named ASK Holdings Pvt. Ltd with his children and grandchildren as shareholders,
as a leading trading company,
specializing in Hardware and build ware materials , the business is managed by skilled professionals with family members involved in its governing body. Presently, ASK Holdings Pvt Ltd is run by a board comprising of 5 non executive members 2 executive members. Ms Aminath Mirfath Ahmed as Chairman/MD, Mr. Maaz Ahmed Sameer as ASK HOLDINGS PVT LTD
Vice chair, Mohamed Irfan, Azza Mohamed, Manal Ahmed Sameer as non
+960 776 7161
executive Directors, and Zain Hassan and Mohamed Fazil Aboobakuru
info@ask.com.mv www.ask.com.mv
as executive directors.
The management is lead by CEO Mohamed
Ashfag. ASK Holdings’ current business outlets are Albion Store in Boduthakurufaanu magu and Albion Services in Gandhakoalhi Magu. Albion Store has been in its current location since November 1987.
PRODUCTS & SERVICES: Albion Store outlets carter large variety of global buildware brands to the local market, popular products include; Building Chemicals, Tiles, Counter Tops, Sanitaryware,
PVC Pipes, Construction materials and
Home Appliances. Albion store currently holds exclusive dealership for several market leaders in buildware industry, such brands include ; CERA Sanitaryware Ltd, PRIMA Fiber Cement Boards and RUBI Tools. Albion services focuses on masonry, carpentry and small projects in hotels and resorts. Along with tile cutting, PVC welding and Acrylic Sheet Cutting and Cladding, these activities are values added to our customers at Albion store business outlets.
Asters MANAGING DIRECTOR
Ibrahim Kaleem
YEAR STARTED
2009
EMPLOYMENT
80
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
Founded in 1997, Asters Pvt Ltd is the number one provider of high quality Home Appliances such as TV and AC’s, affordable home and office furniture, office supplies, electronic appliances and technology products in the Maldives. As a leading company, we always act with confidence. We are not afraid to push ourselves to greater heights and we don’t settle for less than being the best in the industry. To achieve this, we listen to our customers and understand their needs. We offer products, services and innovative solutions that satisfy our customers. ASTERS PVT LTD
With this, Asters continues to sustain its growth and success
+960 334 6443 sales@asters.com.mv www.asters.com.mv
PRODUCTS & SERVICES: Everything for your house, office and business. Total range of products and services. All accessible through fully functioning online store at www.astersonline.com. Home appliances such as TV, AC, washing machine, refrigerator, home decor, home outdoor and office furniture, mattresses, kitchen and kitchen utensils, office supplies, office equipment, consumer electronics, laptops, lights and much more. Best products at lowest prices.
Atollmarket MANAGING DIRECTOR
Ahmed Hafeez
YEAR STARTED
2003
EMPLOYMENT
28
INDUSTRY
Information and Communication
OWNERSHIP
Privately Held
Atollmarket Pvt Ltd is a company established in 2003, dedicated to provide you a better tomorrow in the field of Office Automation. We have established strategic relationships directly with manufacturers and producers of office automated products to curtail unnecessary costs and to satisfactorily meet the high expectations of our well-understood customers and clients. Today we are the Sole Distributors and Authorized After Sales Service Provider for Xerox, HID and Safemark Systems. In addition, we are the Authorized Distributors for Topaz - Signature Pad, ATOLLMARKET PVT LTD
Crossmatch - Finger print capture, Contec-digital signage solutions,
+960 778 4470
Onity card encoders/cards/locks/programmers, Axis - CCTV Camera,
sales@atollmarket.com www.atollmarket.com
XIRRUS - WiFi Solutions, Ubiquiti- WiFi and Network Solutions, 3C Link Fiber Products and 3CX - Software Based IP PBX Solution.
PRODUCTS & SERVICES: Our main products and services includes of managed printing solutions, card printers and accessories. We provide consultation in the field of Information Technology helping our customers choosing the most feasible solutions to cater their needs. Authorized Sole Distributor of Xerox, HID and Safemark. Authorized Service Centre for Xerox, HID and Safemark. Authorized Distributor of Topaz, Crossmatch, Contec, Onity, Axis, Xirrus, Ubiquiti, 3C-Link and 3CX.
AVIA Maldives MANAGING DIRECTOR
Fathimath Zayin
YEAR STARTED
2011
EMPLOYMENT
17
INDUSTRY
Aviation
OWNERSHIP
Privately Held
SUBSIDIARIES
Avia Maldives Holidays
Avia Maldives has been in operation since August 2011 and is hailed as one of the best in the industry. With physical presence at Velana International, Gan International and Maafaru International Airport we offer wide range of services from VIP ground handling, inflight catering, special rate hotel accommodation options, charter options and in addition, other travel and tour related services We continue to provide definitive services, filling the gap for experienced, world class handling AVIA MALDIVES PVT LTD +960 300 0058 +960 778 6419
in the Maldivian Aviation Market. On the travelling side we provide quality and personalized services to the need and requirements of the
ops@aviamaldives.com
traveler. Our company combines the latest technology and equipment,
www.aviamaldives.com
expert staff and confident hands-on management style to deliver practical and high-quality services.
PRODUCTS & SERVICES: We provide supervisory agent services, physical presence (based) in Velana International, Gan International and Maafaru International Airport; services at any domestic airport on request. Getting required permission (landing, overfly, block permits) for aircrafts in Maldives flight information region (FIR). Hotel/Resorts accommodation services along with dedicated private transfers, VIP catering directly via the caterer, VIP meet and greet services and private security.
Bank of Maldives MANAGING DIRECTOR
Timothy Sawyer
YEAR STARTED
1982
EMPLOYMENT
1000
INDUSTRY
Financial and Insurance
OWNERSHIP
Public Ownership
Bank of Maldives is the leading financial institution in Maldives. We are a full-service bank engaging across the complete spectrum of personal, SME and corporate financial services. With 285,000 customers, we are privileged to touch the lives of almost every citizen and business in Maldives through our extensive network of branches, agents, relationship managers and online banking facilities. We have lent over MVR 2.7 billion last year to Maldivian individuals and businesses and therefore play a pivotal role as an engine of growth for the local BANK OF MALDIVES PLC
economy. Our aim is to be a partner for success for our customers, to
+960 333 0200
actively participate in community development and to create long-term
customerservice@bml.com.mv www.bankofmaldives.com.mv
value for our shareholders.
PRODUCTS & SERVICES: Services for personal customers include Accounts, Loans, Credit & Debit Cards, Internet Banking, and Mobile Banking through a nationwide network of 38 branches, 115 ATMs, 6,100 Point-of-Sale merchants, 277 cash agents, and 51 Self- Service Banking Centres. Services for businesses include Accounts, Loans, Card Acquiring, Trade Services, Treasury Solutions, Payment Gateway, and E-Banking Solutions. As a one-stop solution for business banking needs, BML opened a series of Business Centres where a dedicated team provide advisory services for business banking requirements.
Bison Maldives MANAGING DIRECTOR
Abdul Majeed
YEAR STARTED
2002
EMPLOYMENT
306
INDUSTRY
Construction
OWNERSHIP
Privately Held
SUBSIDIARIES
Bison Travel Maldives Pvt Ltd, Bison Internationals Pvt Ltd, Bison Trading Pvt Ltd
Incorporated on october 24,2002, Bison Maldives Pvt Ltd has been engaged in resort construction, aluminium & glass fabrication,retail fashion, travel & tourism. With highly motivated ,talented workforce,which is the driving force behind its success.We have senior staff members BISON MADLIVES PVT LTD
who have over
15 years of experience in the construction field.
+960 331 5878
Bison has some of the most skilled and most experienced teams in
info@bison.com.mv
the country.Furthermore,the equipment such as the heavy machinery
www.bison.com.mv
available at our disposal and fleet of equipment and machinery which is enough to undertake two to three resorts or infrastructure projects concurrently. The technical know-how and the expertise we posses in the field make us the most sought out Resort/Building developer or (PMC) in the Maldives.
PRODUCTS & SERVICES: Being one of the leading indigenous construction company gained a reputation over the past 15 years for developing some of the most luxurious resorts in the Maldives, including the recently developed You&Me by Cocoon resort, main attraction is nestled six meters underwater as the globes biggest under-water restaurant. we are engaged in the following business ventures as well, Aluminum & Glass, Reveries Diving Village & Spa in Laamu Atoll ( Boutique Hotel), Hameedia-Men’s clothing - (Franchise), Bison Travel Maldives. In Addition we are the authorised agent for Melwa Steel, which is another strategic partnership which we have entered into,which will enhance our product portfolio, and services of Melwa Steel to the people of Maldives.
Centurion MANAGING DIRECTOR
Aimon Jameel
YEAR STARTED
2010
EMPLOYMENT
108
INDUSTRY
Logistics
OWNERSHIP
Public Ownership
Centurion group of companies launched its operations in Maldives in March 2009 as a multi- disciplinary business, providing logistical services. Centurion provides reliable and effective transport solutions, specialising in the delivery of cargo across the sparsely positioned islands of the Maldivian archipelago. Over the past decade Centurion was uniquely positioned to establish an extensive network of partners and clientele via the provision of localised, integrated transport solutions. CENTURION PLC
PRODUCTS & SERVICES:
+960 330 9668 info@centurion.mv
Centurion’s vast experience and networks make the company Maldives’
www.centurion.mv
leading
logistician
and
freight
services.
Centurion
understands
the absolute need for timely transportation of goods, especially in the context of sparsely positioned islands of Maldives stretching 863km from Thiladhumathi to Addu. Hence we offer services such freight managements, shipping services, flight support services and warehousing & distribution to every corner of the world.
Ceylinco Insurance Company MANAGING DIRECTOR
Patrick Alwis
YEAR STARTED
2005
EMPLOYMENT
35
INDUSTRY
Insurance
OWNERSHIP
Privately Held
Ceylinco Insurance Co. Pvt Ltd was incorporated on 17th April 2005, The company is a subsidiary of Ceylinco Insurance Plc, A diverged Bluechip conglomerate a proud history dating back to 1939. The first ever company to be registered under Companies Ordinance Act Of Sri Lanka and largest business entities of South Asia, with a net annual income above USD 250 Million and an associate company of MS & AD CEYLINCO INSURANCE COMPANY
Insurance Group Holdings Inc. of Japan. Ceylinco Insurance Co Pvt
PVT LTD
Ltd, headquartered in Male’, is the first insurance company to open a
+960 969 3939 +960 332 6483 info@ceylincoinsurance.com.mv www.ceylinco-insurance.com
branch in Addu. The company has been the pioneer and trendsetter for insurance industry products. Ceylinco has grown to become the most trusted, recognized brand amongst the Maldivian community.
PRODUCTS & SERVICES: The company’s main area of operation is underwriting of all classes of General Insurance. Currently and the following underwrites Property Insurance, Health Insurance, Liability Insurance, Engineering Insurance, Motor Insurance and Marine Insurance. The company also provides insurance to specialty classes such as personalized products and is presently working on development of various innovative micro Insurance products to the emerging markets.
Chandelier Company MANAGING DIRECTOR
Hassan Hussain
YEAR STARTED
2008
EMPLOYMENT
58
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
Chandelier is a Proprietorship Business established in 1980 & taken over by Chandelier Company Pvt Ltd in 2008. During the past years of service we had established the company as the leading suppliers of high quality and branded stationery & consumable office products throughout the Republic of Maldives. Chandelier Company Pvt Ltd aim is to provide quality products with efficient service to its customers.In order to meet the growing expectations of the consumers, the company has enhanced its network with with seven branches, geographically spread from north CHANDELIER COMPANY PVT LTD
to south of the country. Part of stationery and office supplies we have
+960 334 3876
diversify our business to hardware with a new technology: Pipe and
sales@chandelier.com.mv www.chandelier.com.mv
Fitting system.
PRODUCTS & SERVICES: Chandelier Company is the authorized dealer for popular brands such as, PAPER ONE COPIER (Indonesia), CAMPAP (Malaysia), WRITEBEST (Malaysia), SEAKING (Singapore), SURE MARK (Singapore), POLAR BEAR (Singapore), FELLOWES (Singapore), COMIX (China), ARTLINE (Japan), ZEBRA, (Japan), INTER TAPE (Thailand), UHM PIPE (Thailand), and many more. In addition, we sell various kinds of stationeries and office suppliers as per our client requirements. We are dealing with all the prominent Government Offices, Schools, Banks, Organizations, Hotels & Resorts, and as well as the Private Sector.
City Investments MANAGING DIRECTOR
Mohamed Latheef
YEAR STARTED
2005
EMPLOYMENT
226
INDUSTRY
Food Service Activities
OWNERSHIP
Privately Held
SUBSIDIARIES
City Bakery, City Snacks, City Garden, City Gelato, City Innovative Hygiene, Souk by City Investments
Founded in 2002, City Investments Pvt Ltd came into being from a passion that originated from a shared vision among the founders, in transforming the way we dine and socialize in Male’. We wanted to provide the capital Male’ and its people the “City Life” they truly CITY INVESTMENTS PVT LTD +960 334 2862 info@city.com.mv www.city.com.mv
deserved. City Bakery pioneered the bread, to the modern discerning customers, who required diversity, nutrition and mostly freshly made high quality produce. Now we have the most extensive distribution network as well as numerous bakery outlets, cafes/deli’s, restaurants in the main cities Male’ and Hulhumale. To date the company owns and operates 3 restaurants & cafes, 4 bakery retail outlets in Male and in Hulhumale and one Supermarket in the capital of Maldives.
PRODUCTS & SERVICES: City Investments has distribution rights for over 24 different brands which include food, beverages, bakery & pastry ingredients, hotel and resort equipment, coffee machines & grinders along with servicing, coffee beans, premium water, jam, honey, pasta, gelato supplies both for making and serving and we have the number one chemical brand Hagleitner. We already have around 18 key customers which take high volumes of some of our brands, our bakery and restaurant sector serves around 200,000 people.
Co-Load Maldives MANAGING DIRECTOR
Abbas Mohamed
YEAR STARTED
1986
EMPLOYMENT
90+
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Color Bank, Color Bank HOME, Ace Hardware and Home Centre, Educorp Consulting Pvt Ltd, Co-Load Development Pvt Ltd
Co-Load Maldives, founded by Mr. Abbas Mohamed in 1986, mainly focuses on retail and wholesale trading. Co-Load Maldives is the parent company of Color Bank, Color Bank HOME, Ace Hardware, Maldives CO-LOAD MALDIVES PVT LTD
Business School and Co-Load Development Pvt Ltd. In 2011, our flagship
+960 332 0450
store, the world’s 6th largest franchise, Ace Hardware and Home Centre
admin@coload.com.mv
was introduced, revolutionizing the retail trade of Maldives. Currently,
www.coload.com.mv
two outlets of Ace hardware, three outlets of Colorbank with the recently introduced Color Bank HOME, Co-load is ever-growing with exciting new developments in the pipeline. We are the sole distributor of world renown paint brands which includes Crown Paints, Jotun, Sikkens and AkzoNobel Aerospace Coatings, available in every Maldivian’s go-to paint store, Colorbank.
PRODUCTS & SERVICES: Color Bank and Color Bank HOME offers a wide range of product lines including houseware & gifts, paints & sundries (decorative, automotive, marine, woodcare, wood stains, aerospace, and other specialty paints), Ace Hardware carries a wide range of home appliances, commercial and household cleaning products, power tools, and hand tools, hardware, gardening & lawn supplies, sporting goods, toys, stationery & office equipment, candy & foods, etc. We take pride in providing customers access to top quality products and brands.
Copier Plus MANAGING DIRECTOR
Hassan Muneer
YEAR STARTED
2004
EMPLOYMENT
20
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
Copier Plus Pvt. Ltd is a total solution provider for office automation related
products in the Maldives. We operated under the name of
Copier Repair back in 1996. In 2004 January 27th, Copier Plus Pvt. Ltd. was registered under the sole ownership of Mr. Hassan Muneer. Since 2004 as a company we have been providing solutions for small and corporate businesses as the sole distributor for BROTHER & TOSHIBA e-studio Products. We are one of the few businesses in the Maldives that offer two globally recognized brands and it’s after services. With COPIER PLUS PVT LTD +960 331 2121
our combined experience, innovative products and skilled technicians we believe can offer our clients a quality service.
info@copierplus.com.mv www.copierplus.com.mv
PRODUCTS & SERVICES: We provide custom solutions for business needs by bringing forth a service to customers that are looking for a one-stop solution for all of their printing/copying/facsimile/copying needs. Presenting them with an overall cost savings through our “value-add” strategy of job specific solution sales. Our solutions focuses on the needs of the customer, the time frame for the project and the overall scope of work.
Crown & Champa Resorts CEO
Martin Vossen
YEAR STARTED
2000
EMPLOYMENT
3000
INDUSTRY
Tourist Resorts
OWNERSHIP
Privately Held
SUBSIDIARIES
Crown Company, Crown Tours, Champa Brothers, Champa Resorts, Duniye Spas, Euro Divers, Global Pvt Ltd, KASA Holdings, Komandoo Holdings, Kuredu Holdings, Manta Maldives, Commercial Bank of Maldives, MFLC Maldives, ProDivers, Seagull Pvt Ltd, Tree Top Investments, Tree Top Health, Voyages Maldives, Trans Maldivian Airways
CROWN & CHAMPA RESORTS PVT LTD +960 664 0219 info@crownandchamparesorts.com
Crown & Champa Resorts, established in 2000, is a trade name for a group
www.crownandchamparesorts.com
of resort hotels in the Republic of Maldives, employing approximately 3,000 people. The group is owned and operated by various Maldivian and foreign partners, whose common interest is to achieve better business performance by working together. These common interests include but are not limited to; new developments, design, concepts, construction, marketing, sales, operations, finance, purchasing, revenue management, e-commerce and human resources development. CCR boasts with a diverse spectrum of employees from different cultures, from more than 25 countries across its properties. CCR proactively supports the recruitment and development of locals and are involved with various local community projects
PRODUCTS & SERVICES: Crown & Champa Resorts offers guests 40 years of expertise in the hospitality industry. One is spoilt by choice. Guests can choose the perfect island getaway filled with memorable experiences, exceptional service and value. Meeru Island Resort & Spa; Veligandu Island Resort & Spa; Kuredu Island Resort & Spa; Komandoo Maldives Island Resort; Vilamendhoo Island Resort & Spa; Champa Central Hotel, Male’; Hurawalhi Island Resort; Innahura Maldives Resort; Kudadoo Maldives Private Island by Hurawalhi; Kagi Maldives Spa Island Resort.
D Blue MANAGING DIRECTOR
Mohamed Haleem
YEAR STARTED
2003
EMPLOYMENT
21
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
The business operations of D Blue Pvt Ltd are carried out under two main umbrellas – D Blue Marine and Lizzy. D Blue Marine is one of the most trusted names today in Maldivian marine equipment industry. Lizzy has also diversified as the lifestyle and casual wear showroom. D Blue Marine is one of the leading Marine equipment, Engineering and Technical Service provider in the Maldives. We have developed into a recognized partner for an ever-growing client base. We understand the requirements of our customers, resulting in long standing relationships D BLUE PVT LTD
and a fast-growing local exposure. Quality and customer satisfaction
+960 330 3667
are the top priority for the company, and it is one of the policies that
info@dblue.com.mv www.dblue.com.mv
the company wishes to abide.
PRODUCTS & SERVICES: We are specialized in dealing with reputed Marine Equipment and accessories to Maldives market. Our goal is to provide high quality products and dependable customer service. Our purpose is to extend total solution to all our clients at very competitive prices while offering fast delivery to door step. Major after Sales Services for our product is outsourced at present but we have our on-call service staffs who would attend any customer any time day or night.
Damas Company MANAGING DIRECTOR
Abdulla Salih
YEAR STARTED
2001
EMPLOYMENT
135
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Intal Hotels, Damas Real Estate Pvt Ltd, Medica Hospital
Damas Company Pvt Ltd started more than 35 years ago as a construction business and is now a leading Male’-based conglomerate company servicing a broad base of customers across different industries catering to their needs and demands and an expanding vast of consumers and corporate customers across the Maldives. The company aim to meet the DAMAS COMPANY PVT LTD +960 333 3000 info@damas.com.mv www.damas.com.mv
needs and demands of society in ways that are economically, socially and environmentally viable, now and in the future. Today the company employs over 135 staff and provides its products and services through several outlets and its offices across the capital. Its outlets are: Index Furniture, Damas Homeware, Damas Furniture, Damas Paints marts and Damas Resortware.
PRODUCTS & SERVICES: In the area of trading, Damas Company is proud to have one of the most established and extensive distribution infrastructures in the country, driven by efficient communication systems and kept open by a dedicated team of sales and marketing personnel. The group’s diverse range of businesses include real estate, medical services, hospitality and logistics in addition to general trading. The company represents several internationally renowned brand names in the country.
Dhivehi Raajjeyge Gulhun CEO AND MANAGING DIRECTOR
Ismail Rasheed
YEAR STARTED
1988
EMPLOYMENT
597
INDUSTRY
Telecommunications
OWNERSHIP
Public Ownership
Dhiraagu is the leading and largest digital and telecommunications service provider in the Maldives. Our business is to provide future proof digital and telecommunications connectivity that enables our customers to get ahead in the digital future. We are the pioneers that ushered the Maldives into the digital age, and we continue to lead the field by placing the premium value on customer experience and consistent DHIVEHI RAAJJEYGE GULHUN PLC
innovation to enhance our customers’ lives through digital technology.
+960 332 2802
With over 500,000 customers, and employing 99% trained Maldivians
info@dhiraagu.com.mv www.dhiraagu.com.mv
present across nine strategic operating centers throughout the country, we remain as the largest telecom and digital service provider in the Maldives.
PRODUCTS & SERVICES: With telecommunications being an enabler in our increasingly connected society, our portfolio includes an array of mobile, internet, data, IPTV, mobile money and fixed services specially tailored to cater for the needs of both consumer and business segments.We ensure reliable international connectivity and maintain our network resilience to deliver full coverage within the Maldives.We provide enterprise and government customers with fully integrated end-to end solutions.Dhiraagu is the first company in the Maldives and South Asia to commercially launch 5G service.
Dhivehi Insurance MANAGING DIRECTOR
Abdul Wahid Thowfeeq
YEAR STARTED
2014
EMPLOYMENT
22
INDUSTRY
Financial and insurance
OWNERSHIP
Privately Held
The company is a joint-venture between Ensis Fisheries Pvt Ltd and key professionals in the industry. Co-founder of Ensis Group and Managing Director of Dhivehi Insurance, Mr. Abdul Wahid Thowfeeq, has over 20 years of experience in the insurance industry. The company is committed to providing quality and affordable protection to its clients, with the ambition of building a business that is sustainable in the longrun. Dhivehi Insurance has a strategic view of the future and plans to build on the established reputation of its founders. Dhivehi Insurance DHIVEHI INSURANCE COMPANY PVT LTD
Company is owned, managed and operated by 100% Maldivians.
+960 300 7799 shaayan@dhivehiinsurance.com www.dhivehiinsurance.com
PRODUCTS & SERVICES: Fire and Additional Perils; Loss of Profit or Business interruption; Public Liability; Property All Risks; Professional Indemnity; Fidelity Guarantee; Money-in-transit; Burglary; Home insurance; Contractors All Risks; Erection All Risks; Machinery Breakdown; Electronic Equipment; Marine Hull; Marine Cargo; Protection and Indemnity; Aviation insurance; Motor commercial; Motor third party only; Individual and Group Personal Accident; and Travel insurance.
Dhivehi Viuga MANAGING DIRECTOR
Abdul Rasheed
YEAR STARTED
2005
EMPLOYMENT
39
INDUSTRY
Information and Communication
OWNERSHIP
Privately Held
SUBSIDIARIES
Focusinfocom Pvt Ltd, Zeldiva Luxury Maldives Pvt Ltd
DV is a Maldives based company that has been in business since 2004. Since then the company has developed its reputation as one of the best network solution provider in the country especially for the hotel industry in the Maldives. Prior to the establishment of the company, the founders of the company have 15 years experience in developing DHIVEHI VIUGA PVT LTD +960 334 4652 info@dhivehiviuga.com www.dhivehiviuga.com
a different kind of network for the hotel industries. We have provided our service to some of the well-known brands in Maldives including Hardrock Hotel, Saii Lagoon by hilton, Cheval Blanc Randheli, Soneva Jani, Club Med, Anantara, W HOTELS, One and only, Robinson club and many more.
PRODUCTS & SERVICES: We provide System Integration Solution and IP-based services. We provide
Telecommunications
infrastructure
planning,
equipment
supply, installation, testing, commissioning, maintenance & general infrastructure works Hospitality Solutions Including. High Speed Data Solutions, IPTV head end and system, Security Solutions, Hospitality door access system. BMS Solutions, Sound Solutions, VOIP Solutions, Room Automation. We also provide after sales service for all our projects and support service for resorts and hotels.
Dial Trade and Travels MANAGING DIRECTOR
Abdulla Shifan
YEAR STARTED
1992
EMPLOYMENT
28
INDUSTRY
Wholesale And Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Luau Beach Inn Maldives, Dial Pharmacy
Dial Trade & Travel Private Limited is a limited liability company incorporated and domiciled in Republic of Maldives. During the initial stage, its operations evolved within the context of managing a number of trading services by the name of ‘Dial Trade & Travels Private Limited’. Dial Trade & Travels Pvt Ltd, operates a wholesale operation along with DIAL TRADE AND TRAVELS PVT LTD
retail outlets under the names, Dial Pharmacy in Male’, Maldives. As a
+960 331 6355
medium sized Company, Dial Trade & Travels Pvt Ltd core operations are
accounts@dialtrade.com
mainly focused on pharmaceutical distribution to the whole of Maldives
www.dialtrade.com
including resorts, locals’ islands, Clinics and Hospitals. We operate through a central go-downs facility to maintain deliveries of goods to anywhere within Male’.
PRODUCTS & SERVICES: Dial Trade & Travels Pvt Ltd, operates a wholesale operation along with retail outlets under the names, Dial Pharmacy in Male’, Maldives. As a medium sized Company,Dial Trade & Travels Pvt Ltd core operations are mainly focused on pharmaceutical distribution to the whole of Maldives including resorts, locals’ islands, Clinics and Hospitals. We operate through a central go-downs facility to maintain deliveries of goods to anywhere within Male’.
Ensis Fisheries MANAGING DIRECTOR
Mohamed Waseem Ismail
YEAR STARTED
2002
EMPLOYMENT
450
INDUSTRY
Other
OWNERSHIP
Privately Held
SUBSIDIARIES
WAMS Private Limited (ENZI), Aspire Private Limited, Dreamscape Pvt Ltd, Malfish Pvt Ltd, Exen Fisheries Pvt Ltd, Nirutha Pvt Ltd (AIRA), Dhivehi Insurance Company Pvt Ltd, Thanburumaa Pvt Ltd
ENSIS FISHERIES PVT LTD
Ensis Fisheries is an integrated fisheries industry leader in the Maldives.
+960 335 6677
With its diversified markets, Ensis is the leading exporter to Europe, the
info@ensisgroup.com
US, and Asia, with the largest customer base per sector. The true value of
ensisfisheries.com
Ensis products comes from great respect for the seas and environment, a deep love for the sustainable art of fishing and its communities. “Our goal is to give our fishermen, in recognition of their unique, sustainable fishing method and the quality product through positioning their fishery as the staple of excellence within the international market.” Ensis is a proud member of IPNLF and has attained MSC and FOS certification among many other awards in its pursuit of the best form of sustainable fisheries.
PRODUCTS & SERVICES: Ensis Fisheries has its own EU approved fish processing factory and an upcoming canning factory in Hulhumale’. With a diversified product range, it has the largest Tuna product base, covering fresh, frozen and canned product segments. Ensis Tuna is both MSC and FOS certified, ensuring that the 100% sustainable pole-and-line Tuna caught oneby-one by Maldivian artisanal fisherman gets a premium value in the worldwide markets. Ensis also operates overseas with its sales offices in Colombo, Thrissur, New York, and Frankfurt.
Euro Global Maldives MANAGING DIRECTOR
Asim Abdul Raheem
YEAR STARTED
2004
EMPLOYMENT
65
INDUSTRY
Food Service Activities
OWNERSHIP
Privately Held
We export fresh Chilled Yellow Fin Tuna to USA, Canada & Europe Union countries. We have our Processing Factory “BLUE LINE” which has the Fish Processing License, situated in the Huraa Island in Maldives, close to Male City and has been approved by EU, which carries the EU number MDV 007. In addition, this Factory has HACCP implemented and we have obtained the ISO 22,000:2005 Certification, BRC “A” Grade Certification, Maldives Food and Drugs Authority Certificate of Compliance, Earth Island Institute Dolphin- Safe Certificate. We are specialized in the sea EURO GLOBAL MALDIVES PVT LTD
food production area and manned by a professional Management Team
+960 790 0990
and the factory is run by experienced team to achieve the best results
info@euroglobal.com.mv www.euroglobal.com.mv
for our prestigious customers.
PRODUCTS & SERVICES: Factory is run by a professional team and is equipped with Ice Plants of 50, 30 and 10 Tons Capacity. We are specialized in the sea food production area and manned by a professional Management Team and the factory is run by experienced team to achieve the best results for our prestigious customers. We are always ready & flexible to change, to match the needs of our customers. Our present products are: YF Tuna G&G, H&G, Chunks, Loins, Cubes, Steaks, Saku, Reef fish.
Extreme Maldives MANAGING DIRECTOR
Abdulla Falil
YEAR STARTED
2006
EMPLOYMENT
37
INDUSTRY
Diving And Water Sports Activities
OWNERSHIP
Privately Held
Extreme Maldives Pvt Ltd is a watersports and dive services providing company based in Maldives. During earlier years we were working on to create standards for watersports industry. By collaborating with other companies in this industry we were able to draft the standards which we are following today. Currently our operations are based in Sheraton Maldives Full Moon Resort and Gn. Fuvahmulah. At Extreme Maldives we aim to give our guests a memorable and a joyous experience. Our team consists of dedicated staff who will ensure all the guests are served well EXTREME MALDIVES PVT LTD +960 989 9939
with professionalism. The positive feedback from our customers is what motivates us to maintain the quality of the service we provide.
accounts@extrememaldives.com www.extrememaldives.com
PRODUCTS & SERVICES: Activities we provide include Catamaran, Jetski, Kite Boarding, Surfing, Fun Tube, Speedboat Ride, Fly Board, Parasailing, Canoe, SUP, Wakeboarding and Water-Skii. Our excursions include Big Game Fishing, Capital City Tour, Handline Fishing, Local Island Visit, Reef Snorkeling and Sunset Dolphin Cruise. We conduct all dive courses starting from Bubblemaker to all the way up to Dive Master with various other specialty courses including Nitrox. We also cater for all certified divers offering them to explore the famous dive spots nearby.
Fedo MANAGING DIRECTOR
Ahmed Fayaz
YEAR STARTED
2011
EMPLOYMENT
200
INDUSTRY
Construction
OWNERSHIP
Privately Held
FEDO Private Limited is a company that initially started out as a local investment in August of 2010 under the name of FEDO Investment. Because the venture was formed by an experienced team, the focus was on building a reputation for commitment to cause, integrity and trust. it has evolved into a full-fledged construction company by delivering successful infrastructure projects. From the success achieved by the completion of a number of small assignments, the company had finally begun to reap the fruits of labour. Fedo offers construction solution FEDO PVT LTD +960 333 3773
for a myriad of developmental needs from real estate to commercial establishments.
construction@fedo.mv www.fedo.mv
PRODUCTS & SERVICES: Fedo offers a range of services in general construction. It offers these services to various segments. The range of services Fedo offers includes; demolition and clearance, excavation, sheet piling, concrete (structural works), installation of MEP systems and all architectural finishes. In addition, Fedo also offer a number of other services including design work, scheduling, value engineering, renovation, quality control, preconstruction consultation, outsourcing and resultant risk minimisation, conceptual budgeting and feasibility studies.
Fuel Supplies Maldives MANAGING DIRECTOR
Mohamed Gasam
YEAR STARTED
2000
EMPLOYMENT
441
INDUSTRY
Tourist Resorts
OWNERSHIP
State Trading Organisation Plc
Fuel Supplies Maldives (FSM) is a private limited company established in the Republic of Maldives. The company a 100% subsidiary of the State Trading Organization Plc. (STO). STO is a public company with majority shares held by the government and is the principal importer of fuel to the Maldives. The main purpose of FSM is to provide fuel related services including sales, distribution and maintenance of storage facilities across the country. We are the leading fuel supplier to customers in the Maldives, which include tourist resorts, power plants, road vehicles FUEL SUPPLIES MALDIVES PVT LTD +960 333 1400
and both domestic and international vessels. We set high standards and ensure the quality and reliability of our products and services
marketing@fuelmaldives.net www.fuelmaldives.com
PRODUCTS & SERVICES: FSM emphasizes on bringing quality products and services that will not be compromised on performance and reliability. Our services include supplying fuel to resorts and islands, Capital city, Domestic and international bunkering, maritime services, gas stations and lubricant services and consultation. We are transparent in all our business transactions and comply with the laws and regulations wherever we conduct business and we value our customers and build brand loyalty by providing fast, efficient and friendly customer service.
GCI Maldives MANAGING DIRECTOR
Azra Abdul Rahman
YEAR STARTED
2008
EMPLOYMENT
19
INDUSTRY
Logistics
OWNERSHIP
Privately Held
GCI Maldives Pvt Ltd (GCIM) started its logistic operations in the Maldives with a vision to become an industry leader in delivering reliable and high-quality services freight and cargo handling services to our customers. It has always been our passion to exceed our customer’s expectations and constantly improve ourselves to meet the needs of our customers. We have been working in the Maldives for 12 years; as a result, we have built relationships and partnerships with companies all around the country. To fully utilize the competitive advantages we have GCI MALDIVES PVT LTD
in the Maldivian Market in terms of customer network and experience,
+960 300 0918
we made the decision to expand our business into the tourism sector
+960 990 0655 azra@gcimaldives.com
and consumer goods trade.
www.gcimaldives.com
PRODUCTS & SERVICES: Our services are sea freight services, air freight services, freight consolidation services, product (commodities) sourcing and channeling services, hotel booking services, wholesale and retail trade services. Our customers know that we do whatever it takes to ensure timely delivery. For the clients sending goods and services, we don’t just take orders, we take responsibility, and we give our customers the best value in the business.
Habib Bank COUNTRY MANAGER
Muhammad Shoaib Awan
YEAR STARTED
1976
EMPLOYMENT
31
INDUSTRY
Financial and Insurance
OWNERSHIP
Private Held
HBL was the second commercial bank to be established in the Maldives in 1976. Over the years, HBL has grown its business relationships and branch network in the country. HBL Maldives is a foreign branch of HBL, headquartered in Pakistan. With a global presence in 29 countries, HBL is also one of the largest multinational financial institutions of the South East Asia. The Bank is expanding its presence in principal international markets including the UK, UAE, South and Central Asia, Africa and the Far East. HBL Maldives offers wide ranging deposits, advances, and HABIB BANK LIMITED +960 300 6520
trade finance facilities. It also has one of the most competitive and qualified Corporate Banking Teams in the country.
customercare.maldives@hbl.com www.hbl.com
PRODUCTS & SERVICES: HBL Corporate Banking is a leading provider of financial services to top-tier multi-national and local clients across the country, serving the financial needs of the nation’s preeminent corporations and financial institutions. Our well diversified portfolio comprises of Oil & Gas, Power, Tourism, Fisheries, Construction, Telecom, Transportation, Wholesale Trade, Consumer Goods etc. and many other important segments of the Maldivian economy.
Handy MANAGING DIRECTOR
Hassan Haleem
YEAR STARTED
2004
EMPLOYMENT
60+
INDUSTRY
Other
OWNERSHIP
Privately Held
SUBSIDIARIES
Handy Holdings Pvt Ltd, Handy Trading Pvt Ltd, Handy Industries Pvt Ltd, Hassan Haleem
Handy is a well-established group of companies, providing innovative solutions in various business sectors in the Maldives: Retail, Rentals, Manufacturing, Real-Estate, Logistics solutions and Travel and Tourism. Mr. Hassan Haleem, Founder and Chairman of Handy takes a great pride HANDY HOLDINGS PVT LTD
in sharing the brand story of Handy. According to Hassan, Handy is a
+960 331 0812
journey: “a journey through innovation”. During this journey, the joining
info@handyholdings.com
crew and passengers bring in various different business ideas, passion
www.handyholdings.com
and dedication along and work out fast success in each plan with pride. The new ambitious under the travel and tourism sector, a fine dining floating restaurant launched in 2019, and a brand new 16 room luxury live-aboard in 2020 as a most challenging services in the future.
PRODUCTS & SERVICES: Travel & tourism: a 13 room safari vessel, 16 room safari vessel, and 45 seat floating restaurant boat. Rentals: building machineries & tools. Cold storage: storage service with dedicated cold storage facilities. Logistics solutions: landing craft, crane, excavators, dump trucks, etc. Trade: vehicle spare and construction materials. Service & repair: vehicle service, repair and spare parts. Manufacturing: bottling and distribution of Handy Water (5ltr, 19ltr & 1ltr glass bottle). Real estate: 10 story residential building in the centre of Male’.
Happy Market MANAGING DIRECTOR
Mohamed Naeem
YEAR STARTED
1992
EMPLOYMENT
203
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
Happy Market is a premium food and beverage importer & distributor operating in the Maldives. Established in 1992, the main priority of the business is to provide a wider range of healthier & premium quality products to the public. The dedication towards providing indisputable food solutions enabled the company to achieve exclusive distributorship for several world renowned F&B brands to the Maldives. Our products are stored and well managed by our team in accordance to the guidelines and standard of HACCP. Happy Market is dedicated HAPPY MARKET TRADING
to enhancing all aspects of Maldives via socio-economic programs,
COMPANY PVT LTD
and to focus on environmental stewardship activities for a healthier
+960 331 3523 info@happymarket.com.mv www.happymarket.com.mv
society while committing to build the shareholders’ value by being a truly sustainable organization
PRODUCTS & SERVICES: Happy Market serves the Maldivian business community and the public at large with the most comprehensive food & beverage supplies and other necessities at a competitive price. Happy Market sources top quality brands from around the world & maintains an excellent distributor network. We prioritize delivering highly desired products to both individual customers and to business associates and provide excellent customer service through our trained personnel with the support of advanced technology to uphold client’s complete satisfaction.
Hassan Marine Engineering Solutions MANAGING DIRECTOR
Hassan Haleem
YEAR STARTED
2014
EMPLOYMENT
40
INDUSTRY
Marine Equipment & Services
OWNERSHIP
Privately Held
Hassan Marine was established in 1999 as a service center specializing in repair and maintenance of Outboard engines. Twenty years since, while Hassan Marine has earned a reputation as a trusted distributor of world renowned products, repair and maintenance remain a strong component of the company’s services. The company has grown and expanded at record speeds under the guidance of its visionary proprietor, HASSAN MARINE ENGINEERING SOLUTIONS PVT LTD +960 331 2733 sales@hassanmarine.com www.hassanmarine.com
Hassan Haleem, who plays an active role in leading the company to date. Hassan, who holds a deep passion for marine engineering, also possesses over twenty five years of experience working in the field. With a team of dedicated and trained staff, Hassan Marine is striving to serve our clients exceptional products and service.
PRODUCTS & SERVICES: In addition to being the Authorized local sales and service Distributor for Mercury Marine products, Hassan Marine also acts as official distributor for a wide range of products from NGK, Quicksilver, Attwood, Thordon, Multiflex, Ronmarks and other brands. Hassan Marine recently introduced Mercury SeaPro V6 & V8 Outboard engines which have proved to be a reliable, efficient and durable engine.
Horizon Fisheries MANAGING DIRECTOR
Mohamed Yaqzan
YEAR STARTED
2003
EMPLOYMENT
617
INDUSTRY
Fisheries
OWNERSHIP
Privately Held
Horizon Fisheries started its operation on 16th September 2003 at Maandhoo Fisheries Complex (MFC) located in Laamu atoll. MFC is world class canned tuna processing factory capable of processing 100MT of raw materials per day. Other projects in the site includes a 15MT chilled, super frozen tuna loins plant, 10MT traditional smoked tuna unit and a 50MT fish meal plant. At MFC we have a total cold storage capacity of 5000MT including our fleets and floating cold storage. We have been exporting highest quality Maldives tuna caught by pole and line as a HORIZON FISHERIES PVT LTD
premium product to Europe’s most reputed brands for over 11 years.
+960 332 8855
We also do export in our own brand “Rahameeru” and supplies to local
sales@horizonfisheries.com www.horizonfisheries.com
resorts, hotels, restaurants, supermarkets and shops.
PRODUCTS & SERVICES: Our products: canned tuna (Chunks in Oil - 185g, 100g, Chunks in brine - 185g, 100g, Tuna in habanero Chilli, Chunks in Olive Oil, Tuna in Dried Chili, Tuna in Thyme, Tuna in Tomato, Tuna in Garlic, Tuna in Cracked Pepper); tuna pouch (Pouch in Oil, Pouch in Brine); cooked loins; chilled and whole frozen loins; smoked tuna; fish meal and other by products.
Hotels and Resort Construction CHAIRMAN
Mohamed Ali Janah
YEAR STARTED
2007
EMPLOYMENT
3331
INDUSTRY
Construction
OWNERSHIP
Privately Held
Incorporated in the Republic of Maldives in 2007, Hotels and Resort Construction Private Limited or HRC is an off-shoot of the parent company Alysen Services Private Limited (ASPL) formed in 1979. Led by Mr. Mohamed Ali Janah, HRC is engaged in providing distinctive excellence in the construction of exquisite island resorts. It started off as an exclusive resort builder in the Republic of Maldives – the tourist HOTELS AND RESORT CONSTRUCTION PVT LTD +960 730 3831 suzan@hotelsresortsconstruction.com www.hotelsresortsconstruction.com
paradise. We have successfully undertaken construction projects of tourist resorts on turnkey basis as well as on custom-designed basis since our inception, and have worked on over 53 resort construction projects of varying magnitude in the Maldives.
PRODUCTS & SERVICES: We are engaged in delivering a variety of services in different entrepreneurial fields, including the following: turnkey resort building construction; general contracting and trade; supply and installation of machinery equipment for resorts; resort supplies; export; import, freight forwarding and cargo clearance; structural, architectural and interior design; logistics and engineering solutions for resorts; and environmental consultancy for resorts.
Housing Development Corporation MANAGING DIRECTOR
Suhail Ahmed
YEAR STARTED
2001
EMPLOYMENT
800+
INDUSTRY
Real Estate
OWNERSHIP
State Held
Housing Development Corporation Limited (HDC) is a state-owned enterprise which undertakes and manages the overall planning and building of the reclaimed city of Hulhumalé – the Maldives’ biggest and most ambitious city development project. HDC carries out diverse developments ranging from industrial, recreational, commercial, to a number of residential projects, making Hulhumalé the largest example HOUSING DEVELOPMENT
of multiple on-going mega projects in the country. Hulhumalé Master
CORPORATION LIMITED
Plan has been recognised internationally, as one that brings hope,
+960 335 3535 mail@hdc.com.mv www.hdc.com.mv
innovation and transformative times to the Maldives and its people. Hulhumalé has been awarded the Best Master Plan Project at Cityscape Global Awards, the Calix Innovation Award, USA and Special achievement GIS (SAG) Award for developing an enterprise GIS system.
PRODUCTS & SERVICES: HDC has successfully initiated key projects, many of which are first of its kind in the Maldives such as the Water Theme Park, Yacht Marina, Cruise Terminal, World Class Sports Complex and Central Business District etc. Notably, the largest government housing project in the country commenced in Hulhumalé Phase II and the launching of HDC’s Open Access Network Project that would create Hulhumalé to become the Asia’s first 100% gigabit enabled smart city.
Housing Development Finance Corporation (HDFC) MANAGING DIRECTOR
Raheema Saleem
YEAR STARTED
2004
EMPLOYMENT
38
INDUSTRY
Financial And Insurance
OWNERSHIP
Public - Private Partnership
Housing Development Finance Corporation (HDFC) was incorporated as a stated own enterprise on 28 January 2004, by a Presidential Decree under the Companies Act (Act No. 10/96), registered as a public company on 9th February 2006 and privatized on 23rd July 2008 with HOUSING DEVELOPMENT
the signing of a Shareholder’s agreement between
Government
of
FINANCE CORPORATION PLC
Maldives (49%), IFC (18%), ADB (18%) and HDFC – Investments Ltd –
+ 960 333 4666
India (15%). Having restructured its capital, and with new lines of
+ 960 333 8810
long-term funding, HDFC re- entered the market for mortgage loans
info@hdfc.com.mv www.hdfc.com.mv
for housing needs of individuals and families. HDFC is unique as the only mortgage housing institution in the Maldives.
PRODUCTS & SERVICES: Over the years HDFC has developed and launched a number of products since its privatization and has built the housing portfolio of over MVR 1.75 billion, both covering Conventional Home Loans and Islamic facilities. Housing loans for home construction, home purchases, renovation and Islamic facilities for home construction, purchases and renovation. A new initiative under the partnership with the Ministry of Housing and Infrastructure was launched in 2015 with the name of “ Ged horuverikurun”, which is a social housing schemes - with the partnership of Ministry of Housing and Infrastructure. HDFC continues to offer new products and adding value to its existing products. HDFC has been a pioneer in introducing new products, and it continues to do so in keeping with the changing needs in the marketplace
ILAA Maldives MANAGING DIRECTOR
Adnan Moosa
YEAR STARTED
1991
EMPLOYMENT
31
INDUSTRY
Other
OWNERSHIP
Privately Held
ILAA Maldives Pvt Ltd is a family owned business established in 1991. Over the past 25 years, ILAA provides world renowned quality products for clean power generation, solid and liquid waste management and electric vehicles. ILAA Maldives head Office is located in the Industrial Zone of Hulhumale’. This 27,000 sq ft complex consist of an administrative office, showroom, warehouse and a light industrial building. ILAA has always been and remains committed to playing a key role in providing environmentally sound engineering solutions across ILAA MALDIVES PVT LTD
the Maldives. Our Mission is “To be the leader in providing effective
+960 335 5751
engineering solutions, quality products and excellent service to achieve
info@ilaamaldives.com www.ilaamaldives.com
total customer satisfaction in the region”.
PRODUCTS & SERVICES: ILAA has been providing world renowned quality products for clean power generation, solid and liquid waste management, and electric vehicles. Waste Products: TeamTec incinerators, Orwak compactors, ILAA glass crushers, Disperator food waste disposer, Power genration (Caterpillar generators, Caterpillar marine engines, Caterpillar marine generators), Electric cars, Trojan deep cycle batteries, Tires, TOTAL lubricants, SwingTec fog machines, Sany Heavy machineries. Services: After sales services, maintenance and contract warranty jobs.
Intour Maldives MANAGING DIRECTOR
Ali Firaq
YEAR STARTED
2005
EMPLOYMENT
15+
INDUSTRY
Travel Agent
OWNERSHIP
Privately Held
Intour Maldives is one of the leading wholesale tour operators in Maldives, renowned for its strength in the CIS and Eastern European Market, the company is one of the pioneers of Tourism from Russia & Eastern Europe to the Maldives. Currently the company offers over 95 different resort hotels and 4 safari vessels; including the own vessel Ocean Sapphire, the company has over 200 allocated rooms across the Maldives. The company has been the leading tour operator for several top brands worldwide, including the likes of Four Seasons Maldives, INTOUR MALDIVES PVT LTD
One&Only Reethi Rah, Conrad Maldives Rangali, Anantara Kihava Villas,
+960 333 9994
Velaa Private Island, Cheval Blanc Randheli, Huvafen Fushi, Niyama
info@intourmaldives.com www.intourmaldives.com
Maldives, Soneva Fushi, Amilla Fushi and many more.
PRODUCTS & SERVICES: The main activity of the company is Resort & Hotel bookings for Tourists visiting to Experience Maldives, Apart from this the company also offers
Luxury Live-aboards, Yachts Charters, Private Weddings,
Personalized Private Events for Small Groups, Small & Medium Size Corporate Conferences, Specialized Excursions and “Out of the Ordinary Experiences� only available with the company at unique locations across the Maldives.
Island Aviation MANAGING DIRECTOR
Mohamed Rizvi
YEAR STARTED
2000
EMPLOYMENT
1200
INDUSTRY
Aviation
OWNERSHIP
State Held
Island Aviation Services Limited established in 2000 is wholly owned by the government of Maldives and is based in the capital Male’. Maldivian is the National airline of the country and plays a vital role in the aviation industry of Maldives to support the tourism industry by linking the inter islands within the country. Currently Maldivian operates over 150 plus sectors daily. These include schedule flights to and from all the airports within the country and for our guests who wish to experience the spectacular views; we offer our seaplane services to explore the ISLAND AVIATION SERVICES LIMITED +960 333 1212
extraordinary natural wonders that Maldives has to offer. The airline also provides custom charters and photo flights upon request.
sales@iasl.aero www.maldivian.aero
PRODUCTS & SERVICES: Besides airline services, the IAS portfolio is multifarious with international, domestic and seaplane operations. The company also provides engineering and maintenance services, cargo services, lounge services, airport management and operations, the company’s onestop shop Maldivian Holidays, and city check-in services. In addition to scheduled commercial flights, we also operate charter flights, special medical evacuation flights, and freighter flights on a request basis. Our scheduled flights are also able to cater to several cases of medical evacuation.
Islanders Education MANAGING DIRECTOR
Abdul Rasheed
YEAR STARTED
2012
EMPLOYMENT
288
INDUSTRY
Education And Healthcare
OWNERSHIP
Privately Held
SUBSIDIARIES
Islanders Institute of Special Education, Billabong High International School, Kangaroo Kids International Preschool, Finland International School Maldives, Foundation for a Better Future, Islanders Institute of Applied Sciences, Iqra International Preschool, Ameer Ahmed Community Preschool, Hologo
ISLANDERS EDUCATION PVT LTD
World, Teaching Tube
+960 302 2000 info@islanderseducation.com
Islanders Education (IE), was the first private company to open an
www.islanders.education
international school in the capital city of Maldives, Male’. Over a short period, IE grew to become the largest private educator in the country with 13 international schools in 11 islands across the Maldives. Today, IE runs multiple educational institutions teaching from K-12 and; a foundation to provide underprivileged and differently abled children access to quality education. The signature of IE is “Education that Ignites Greatness”: We believe all students are gifted, and they can thrive in their unique area of talent. IE celebrates the holistic vision of education to be the single greatest enabler of social and economic growth in the nation.
PRODUCTS & SERVICES: IE’s mainstream K-12 schools include Finland International School, Billabong High International School, Kangaroo Kids International Preschool, Ameer Ahmed Community Preschool and Iqra International Preschools. IE also runs various educational initiatives, these include teacher training in collaboration with Jyvaskyla University of Applied Science, Hologo - an Augmented Reality app for education, Teaching Tube an online teaching solution for Secondary. IE is also a founding member and principal sponsor of Foundation for a Better Future.
JAAH MANAGING DIRECTOR
Ahmed Jahudhan Jaufar
YEAR STARTED
1994
EMPLOYMENT
400+
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
JAAH Investments Pvt Ltd, Blue Oceanic Maldives Pvt Ltd, JAAH Active Life Pvt Ltd, JAUSA Construction Maldives Pvt Ltd
JAAH PVT LTD has achieved multiple milestones in the last two and a half decades. While the first taste of success came through the revolution in the tiling market brought about the introduction of Lanka JAAH PVT LTD +960 332 9988
Tiles in Maldives and with time becoming their official sole distributor in 1999, new heights were reached in terms of prosperity and success with
info@jaah.mv
the conquering of the sanitary ware segment through the marketing of
www. jaah.mv
internationally acclaimed brands. Today JAAH has raised the standard of quality by creating a showroom embodying modernity, as well as striving to make strong footholds in property development, construction, fisheries, health & fitness. Truly, ingenuity is visible in the magnificently rising residential complex The Gardens – Exotic Elegance.
PRODUCTS & SERVICES: Being the flag bearer of tiling and sanitary ware sector, it has been the mission of the company to maintain the highest standard in terms of the products and services provided. This is reflected in the numerous globally recognized brands such as American Standard, TOTO, Lanka Tiles, Hafele and Laticrete. Even the recent acquisition of JAUSA Construction Maldives Pvt Ltd showcases the company’s dedication for quality. Surely, our property development projects will reap the benefits of obtaining this construction giant.
Just For Maakin MANAGING DIRECTOR
Hussain Ismail
YEAR STARTED
2012
EMPLOYMENT
392
INDUSTRY
Professional Services
OWNERSHIP
Privately Held
JFM – Just For Maakin Pvt Ltd – founded on the year 2012, with the aim to bring up a revolt to the Maldives Recruitment Industry; intension is, to reconciliation of the syncretic politics, by introducing eclecticism with friendly and reliable services to this industry. Our target is to gleam the murky, and incoherent name of this industry to a level where fingers cannot be pointed towards our industrialists. We are focused in upgrading this industry to a reliable and trustworthy industry which has been dusted and questioned by the companies & the government. JUST FOR MAAKIN PVT LTD +960 793 2512
Our main goal is to recruit skilled, well qualified & quality foreigners to accomplish the rights of both the employee & the employer.
info@jfm.com.mv www. jfm.com.mv
PRODUCTS & SERVICES: Employment Agency Services may have been our initial business, but as the company grew we have started investing in various businesses such as Restaurant and café, Cleaning and janitorial. Our target is to be a multi corporate company before the year 2025. In 2013, JFM expanded its services to cleaning & Janitorial industry. In 2014, JFM diversified its business holdings into the food and beverage industry. JFM also established its real estate arm in 2017.
Kaimoo Travels & Hotel Services MANAGING DIRECTOR
Mohamed Manih Ahmed
YEAR STARTED
1979
EMPLOYMENT
596
INDUSTRY
Other
OWNERSHIP
Privately Held
SUBSIDIARIES
Environmental Pest Control Services Pvt Ltd, Gan Invest Maldives Pvt Ltd, Mookai Suites Pvt Ltd, Mookai Hotel Service and Flats Pvt Ltd
KAIMOO TRAVELS & HOTEL
Kaimoo Travels and Hotel Services, Pvt Ltd (Kaimoo Group) is a wholly
SERVICES PVT LTD
Maldivian owned hospitality group in the Maldives. Founded in 1979,
+960 332 2212
Kaimoo Group presently has investments throughout the tourism sector
kaimoo@dhivehinet.net.mv www.kaimoo.com
and ancillary industries. With over 40 years’ experience, Kaimoo Group is one of the leading pioneers in the Maldivian tourism industry.
PRODUCTS & SERVICES: In 1979, Kaimoo Group began with its first private investment, Embudu Village, a 3-star resort which played a significant role in driving the country’s fledgling tourism industry. Kaimoo Group would also establish one of the first city hotels in Male’ with Kam Hotel in 1992. In 1996, Kaimoo acquired its second resort property, Ziyaaraifushi, which was rebranded as Summer Island Village. The resort underwent a full renovation to a 4 star resort and was reopened in 2015 as Summer Island Maldives. In 1999 Kaimoo Group also opened the first city hotel in the southern Addu Atoll, Equator Village. Kaimoo would go on to open two additional hotels - Mookai Hotel in 2001 and Mookai Suites in 2008 - to cater to Male’ City’s demand for hotels.
Keiretsu MANAGING DIRECTOR
Shiraz Musthafa
YEAR STARTED
2010
EMPLOYMENT
58
INDUSTRY
Information And Communication
OWNERSHIP
Privately Held
SUBSIDIARIES
Spectra X Stream, Green Systems, Object, Destinational, Work Place
We’ve been leading the way in technology & human connection for over a decade and have been fortunate to work with forward-thinking corporations and global change makers with a common vision to optimize people, spaces and technology. As one combined company our technologies will help build smarter, more secure and more sustainable KEIRETSU PVT LTD +960 300 9600 info@keiretsu.mv www.keiretsu.mv
environments that help our customers win and broadly move the world forward.
PRODUCTS & SERVICES: Building Management Systems, Systems Integration, Guest Room Management Systems, Enterprise Networks, HVAC, Integrated Security, Lighting & Shading,Energy Management, Automation, Audio Visuals, Fire & Life Safety.
Leo Trading MANAGING DIRECTOR
Abdulla Sawad
YEAR STARTED
2002
EMPLOYMENT
250
INDUSTRY
Logistics
OWNERSHIP
Privately Held
SUBSIDIARIES
Leo Shuttle Pvt Ltd
Maldives is a country consisting of some 1192 tropical islands of which 200 islands are inhabited and over 100 are resort islands. As the islands are scattered across the Indian Ocean, transportation and delivery of physical items, especially heavy industrial items, were close to impossible to deliver. It was a huge challenge for the Government, in terms of economic and infrastructural development and for the local businesses, in terms of business growth and development. However, LEO TRADING PVT LTD +960 798 5385 mifzal@leotrading.mv www.leotrading.mv
with a keen eye and the vision of Mr Abdulla Sawad, Leo Trading Pvt. Ltd . Started its operation in the early 2002 and has prospered into what it is today.
PRODUCTS & SERVICES: Customs broker service; cargo clearance; sea transportation; land transportation; stevedoring and handling bulk shipments; heavy lifting and rigging; rescue and salvage; excavation and dredging; demolition and garbage desposal; equipment rental; store and material supply; construction material spare parts for heavy machinery; hardware items; filters; tires; Shell Oils (hydraulic, engine, gear); radiator coolant; grease (internal and external); hydraulic hose and fittings with crimping service).
Life Support MANAGING DIRECTOR
Dr. Mariyam Waseema
YEAR STARTED
2011
EMPLOYMENT
52
INDUSTRY
Wholesale And Retail Trade
OWNERSHIP
Privately Held
Life Support Pvt. Ltd. was founded in 2011, with the purpose of enhancing the quality of life of people throughout the Maldives. At Life Support, we care about everyone’s health, in all stages of their lives. Today, we have partnered with numerous brands across the globe to provide access to premium products. Our team of professional and competent individuals truly makes Life Support unique, and true to our brand of creating a community that is health-conscious and pro-actively aware of what makes their lives better. Our continual addition of products and LIFE SUPPORT PVT LTD
services enable us to cater to the needs of many licensed professionals
+960 300 5630
and facilities including, but not limited to, physicians, dentists, surgical
lifepharma@lifesupport.mv www.lifesupport.mv
centers, and medical clinics.
PRODUCTS & SERVICES: Pharmaceutical: One stop solution for pharmaceutical manufacturers which
include
drug
registration,
distribution,
inventory
control,
marketing, sales, and product promotion. Nutrient /Nutraceutical :Our Nutrient and Nutraceutical product line helps maintain body functions and stay fit during all stages of life Medical Consumables: With the focus of assisting healthcare professionals, our medical consumables, can cater for various service sectors. Retail :Our chain of pharmacies are located across Maldives, providing easy accessibility to obtain services and products through professional expertise for our customers.
Link Serve MANAGING DIRECTOR
Ibrahim Faiz
YEAR STARTED
2002
EMPLOYMENT
85
INDUSTRY
Technical Services
OWNERSHIP
Privately Held
SUBSIDIARIES
RB International Pvt Ltd, Avaskart Pvt Ltd
Link Serve Private Limited, the biggest IT based company in the Maldives has been serving the nation since the year 2002. With world renowned brands ranging from tools to major enterprise solutions of software and hardware, Link Serve brings Maldives closer to the growing innovations and technological advances in the world today. Being the LINK SERVE PVT LTD
leading service provider for Security Solutions Link Serve has been
+960 300 3000
educating and creating awareness among the community for a safer
sales@linkserve.com.mv
tomorrow. Currently, Link Serve owns 05 outlets 02 located in Male’, 01
www.linkserve.com.mv
in Hulhumale, 01 at Addu City and 01 in Hdh. Kulhudhuffishi. Across all the chains of Link Serve we maintain our relationship as ONE FAMILY Shaping Technology in Maldives.
PRODUCTS & SERVICES: Security solutions; networking solutions; ip solutions; wifi solutions; hardware solutions; software & integrated solutions; server storage & backup solutions; renewable energy solutions; service level agreement solutions. We also closely survey the market need in terms of onboarding solutions and products from the tech market leaders across the world. We believe that a growth of a nation is strongly rooted with technology and that we stay as the FIRST CHOICE being ONE FAMILY shaping technology in Maldives.
LITUS Automobiles MANAGING DIRECTOR
Mohamed Zahid
YEAR STARTED
2014
EMPLOYMENT
53
INDUSTRY
Other
OWNERSHIP
Privately Held
“We make your journey easy & simple”. We are a cultured and passionate Team from the Maldivian Archipelago who set sail five years ago. We seek our way forward reaching far and beyond the horizon of Customer expectations in the Automobile Industry of Maldives. At LITUS we believe in providing support and leadership in sustaining long term growth and customer satisfaction in keeping with our mission statement. “Ijaara Plan” (Ijaara Thumma Naqlul Milkiyaa) is at the pinnacle amongst our 100% Maldivian range of products which was launched in 2016 LITUS AUTOMOBILES PVT LTD
encompassing strictly within the Islamic border. Our valued Customers
+960 779 2996
can now cruise away with a sense of self-satisfaction and ownership of
asif.rasheed@litus.mv www.litus.mv
international brand motorbikes.
PRODUCTS & SERVICES: Customers are empowered with payment plans extending up to 36 months, at flexible and competitive rates. Every obstacle prevailed in the past owning a motorbike has now been eliminated by the LITUS Ijaara Thumma Naqlul Milkiyaa Plan. We own 10 Automobile Showrooms, Service Centers and a Spare Parts Division spanning all over Maldives’ Atolls and in Regional Ports. We take pride in offering premium quality after-sales services powered by a team of top-notch mechanics together with state-of-the-art equipment.
M7 Print MANAGING DIRECTOR
Mohamed Abdul Sattar
YEAR STARTED
2007
EMPLOYMENT
93
INDUSTRY
Other
OWNERSHIP
Privately Held
SUBSIDIARIES
Al-Falah Papers
Our business was established under the name of SM stationary in early 1995 and was renamed to M7 Books in November 2003. The new venture M7 Print became active from December 2007. We deliver uncompromising smart solutions for our customers. Our industryleading printing solutions deliver exceptionally high print quality to create lasting impressions for your business. To meet the ever growing demands of our customers, we have recently expanded the range of M7 PRINT PVT LTD +960 330 7787 print@m7maldives.com www.m7maldives.com
services we offer. While celebrating over 24 years in the business, we provide full color printing services onto any type of flat surface, including wood, plastic and metal.
PRODUCTS & SERVICES: M7 Print provides large-format and offset printing and eco-friendly paper shopping bags. Its wide array of products ranging from magazines, brochures, leaflets, business cards, books, canvases, banners, flyers, in house designing and banner installation. The company is specialized in security feature printings and showcases plaques, trophies, medals, photobooks etc. One of our outlet provides a wide selection of fancy papers, photocopying, scanning and binding services while we have another outlet specialized for offset printing.
Maldive Gas MANAGING DIRECTOR
Ahmed Shifan (Acting MD)
YEAR STARTED
1999
EMPLOYMENT
210
INDUSTRY
Other
OWNERSHIP
Privately Held
Maldive Gas Pvt Ltd was incorporated on 3rd October 1999. We supply Liquified Petrolium Gas (LPG) in cylinders of various sizes and household appliances of well known selected brands. We also provide medical gas to more than 95% of hospitals and medical centers in Maldives. Our mission is to constantly strive to deliver today’s LPG and household energy demands while continuing to search and innovate for tomorrows’ energy solution. Our vision is to be a world-class national gas company through innovation and excellence. Our strategy is to continue to MALDIVE GAS PVT LTD +960 333 5614
enhance our position as a leading manufacturer and supplier of LPG in the Maldives.
info@maldivegas.com www.maldivegas.com
PRODUCTS & SERVICES: Maldive Gas offers a wide range of products which we constantly strive to develop and grow to meet the demands and needs of our customers. Our products includes LPG, Industrial gases like (Acetylene, Argon, Industrial Oxygen, and Industrial Nitrogen & Co2), Medical Gases, Refrigerant gases & Helium. Our services includes Services LPG Cylinder Refurbishing and Re-qualification, Hydro testing & Sand blasting.
Maldives Airports Company ACTING MANAGING DIRECTOR
Moosa Solih
YEAR STARTED
2009
EMPLOYMENT
3200+
INDUSTRY
Aviation
OWNERSHIP
State Held
SUBSIDIARIES
MIC, HIH
Maldives Airports Company Limited (MACL) is a 100% government-owned Limited Liability Company governed by a Board of Directors appointed by the Privatization & Corporatization Board of Maldives. MACL is the operator of VIA. MACL has embarked on the largest developmental projects in the Maldives, including a billion-dollar investment to MALDIVES AIRPORTS COMPANY LTD
transform Velana International Airport (VIA) into a world-class
+960 332 5511
airport. Major projects involves developing a new runway which can
info@macl.aero
accommodate A380 aircrafts, a new International Passenger Terminal
www.macl.aero
which can cater for 7.5 million pax, a new Cargo Terminal which can handle 120,000 tons, a new Fuel Farm which is 3 times the size of the present facility, a new seaplane terminal with MRO facilities, and a new CIP/VIP building, along with many other infrastructural developments.
PRODUCTS & SERVICES: Services provided by MACL include: Air traffic management services, ground operation services, passenger handling services, terminal services, cargo services, fuelling services, duty-free services, lounge services, terminal services, utility services, external & internal transport services, commercial services, maintenance & engineering services, airport rescue & fire fighting, aerodrome maintenance, safety, security & quality standards, information technology management services, projects planning & infrastructure development services.
Maldives Inflight Catering CHAIRMAN
Mohamed Abdul Sattar
YEAR STARTED
1988
EMPLOYMENT
332
INDUSTRY
Food Service Activities
OWNERSHIP
Privately Held
SUBSIDIARIES
Hulhule Island Hotel
Maldives Inflight Catering Pte Ltd, a joint venture between MACL and SATS Ltd is the first and only inflight caterer in the Maldives. Based at Velana International Airport, MIC provides catering to our esteemed airlines and private jet clients. Our passion to deliver high-quality food and MALDIVES INFLIGHT CATERING PVT LTD +960 332 5084
services to our customers drives our firm forward as we constantly seek better and more efficient solutions to improve our customer experience.
info@mic.com.mv
With more than 30 years of expertise in inflight catering, we seek to
www.mic.com.mv
continue to bring value to our customers and partners through close communication and collaboration. This reflects our mission to be the first-choice provider of food solutions in Maldives by offering innovative solutions with consistent top-quality services to our customers.
PRODUCTS & SERVICES: Our services include VIP and Private Jet Catering, Airline Inflight Catering, Airline Linen Laundry Services, Hotel Operations and Canteen Operations. Our expertise in the provision of inflight meals also include being able to accommodate passengers who may have specific medical, dietary, or religious requirements. Our hotel, HulhulĂŠ Island Hotel is the only airport hotel located at Velana International Airport and we are also developing a new resort in the pipeline.
Maldives Islamic Bank (MIB) MANAGING DIRECTOR
A.E.A Muhaimen
YEAR STARTED
2011
EMPLOYMENT
218
INDUSTRY
Banking
OWNERSHIP
Public
Maldives Islamic Bank commenced its operation on 7th March of 2011. It is the first and only full fledged Islamic Bank in the Maldives till date. MIB is a collaboration between ICD, the private investment arm of Islamic Development Bank and the Government of Maldives. In 2016 Amana Takaful (Maldives) PLC. became a shareholder, while in 2019 MIB went public and listed on the Maldives Stock Exchange in 17th November MALDIVES ISLAMIC BANK PLC +960 332 5555 info@mib.com.mv www.mib.com.mv
2019 with over 16,000 shareholders. The bank currently operates six branches in five atolls providing deposit, investment, financing and electronic banking services. As it goes forward to accomplish the vision of becoming the preferred partner in Shariah banking, MIB plans to leverage its digital banking platform to increase the reach across the nation. MIB looks to play an active role in promoting the growth and development of Islamic finance in the Maldives.
PRODUCTS & SERVICES: MIB provides a wide range of Shariah-compliant banking products and services for both individuals and businesses. MIB’s deposit and investment products (in MVR and USD) include Current, Savings, and General Investment Accounts. Financing services are provided for a wide array of goods and services, including consumer goods, motorcycle, car, vessels, housing, construction, machinery, and for trade or imports. MIB also provides electronic banking services with debit card, ATM, POS, online banking, mobile banking, and payment gateway services.
Maldives Ports Limited MANAGING DIRECTOR
Shahid Ali
YEAR STARTED
2008
EMPLOYMENT
1866
INDUSTRY
Other
OWNERSHIP
State Held
SUBSIDIARIES
Kulhudhuffushi Port Limited (KPL)
Maldives Ports Limited (MPL) was instituted by a Presidential decree with the mandate to develop, manage and operate the maritime ports of the Maldives. MPL was incorporated on 31st July 2008, as a 100% government-owned company under the Companies Act of Maldives, with the key function to ensure efficient management and operation of government-owned ports and ports facilities in Maldives. MPL is governed under the leadership and guidance of the Board of Directors MALDIVES PORTS LIMITED +960 332 9339 info@port.mv www.port.mv
appointed by the President’s office. As a commercial corporate entity, the management follows the service port concept. MPL inherited the daunting task to continue planning and monitoring the changing needs of port users, as well as the shipping and business community.
PRODUCTS & SERVICES: MPL provides various services required to operate an efficient, modern port. The services include: Containerized Cargo Handling Services: Value added services in the handling of containerized cargo, reefer services, general cargo, specialized and dangerous goods, and depot services; Marine and Pilotage Services: Provision of Pilotage services, dockage services at berths, towage services with the provision of tug services and salvage and rescue operations; Technical Services: (Mechanical and marine engineering, civil and electrical support services).
Maldives Transport and Contracting Company CEO
Adam Azim
YEAR STARTED
1980
EMPLOYMENT
1800
INDUSTRY
Construction
OWNERSHIP
Government 55.3%, Public 44.7%
SUBSIDIARIES
Maldives Real Estate Investment Corporation
Maldives Transport and Contracting Company, (MTCC) was incorporated in 1980, and is currently the longest serving public company in the Maldives. At MTCC we focus on building the nation, developing harbors, MALDIVES TRANSPORT AND CONTRACTING COMPANY PLC
roads bridges and airports that connect people and pave the way for national development. We build social infrastructure that enhances the
+960 332 6822
quality of life. We undertake development of distribution networks for
info@mtcc.com.mv
utility services that provide access to water and electricity. We move
www.mtcc.com.mv
people to work and goods to markets with our nationwide transport network. We keep the economy running, providing products and services for the transport, tourism and fisheries industries. Our business strategy revolves around offering the highest quality and reliability in all the products and services we offer. We adhere to international quality control systems and adopt the latest technological innovations customized to local needs and to our unique environment.
PRODUCTS & SERVICES: We specialize in harbor development, dredging and reclamation, shore/ coastal protection, sheet piling, sewerage works, road construction, surveying, and building construction, modern sea and land transport services, marine logistics service, engineering and docking services. We also carry a plethora of reputed products such as, Yanmar and Suzuki marine engines, Castrol lubricants, PPG Protective and Marine coatings, Marol steering system. XCMG heavy machinery, Scott Bader boat building composites, and other marine accessories.
Male’ Aerated Water Company MANAGING DIRECTOR
Sanjay Maniku
YEAR STARTED
1991
EMPLOYMENT
362
INDUSTRY
Other
OWNERSHIP
Privately Held
MAWC is the pioneer of beverage manufacturing in the Maldives, serving the public with world-class norms and quality products for the past 37 years, starting under the name of Icege, In 1988, an Agreement with The Coca-Cola Export Corporation to Manufacture and bottle Coca-Cola Company brands. MAWC produces 13 international brands with flagship brand Coca-Cola and 55 SKU’s (stock keeping units) with the association MALE’ AERATED WATER
of Coca-Cola, the global market leader in soft drinks. We at MAWC exist
COMPANY PVT LTD
to unite and refresh everyone in the Maldives by striving to exceed
+960 799 0882 +960 797 3172 info@mawc.com.mv
the expectations of our customers and consumers, providing highest quality products, and continually improving our systems and processes.
www.mawc.com.mv
PRODUCTS & SERVICES: MAWC has 5 production lines with production capacity of 300 bottles per minute. MAWC produces 13 international brands with flagship brand Coca-Cola and 55 SKU’s (stock keeping units) with the association of Coca-Cola, the global market leader in soft drinks. MAWC refreshes all geographical areas of the Maldives including North, South & Central parts, as well as all channels including guesthouses, restaurants, cafe’s and marts. In 2017, COKE2HOME was launched. The first ever app for home deliveries.
Male’ Water And Sewerage Company MANAGING DIRECTOR
Hassan Shah
YEAR STARTED
1995
EMPLOYMENT
962
INDUSTRY
Other
OWNERSHIP
Privately Held
SUBSIDIARIES
Island Beverages Maldives
Established on the 1st of April 1995, Male’ Water and Sewerage Company is the pioneer organization in the Maldives to institute a water production and wastewater management system. Since then, the Company has worked diligently to provide the people of Male’ with potable water and MALE’ WATER AND SEWERAGE COMPANY PVT LTD
manage wastewater sustainably, and at present serves approximately more than 50% of the Maldivian population. Today, MWSC has become
+960 332 3209
a multi-disciplinary engineering and manufacturing organization, as a
pr@mwsc.com.mv
visionary providing engineering solutions for integrated utilities and as
www.mwsc.com.mv
a manufacturer of its own range of products. Since the inception of the Company, MWSC has built all its strategies around the corporate objective of providing safe water and sewerage services which are sustainable, affordable and environmentally friendly.
PRODUCTS & SERVICES: MWSC has become a multi-disciplinary engineering and manufacturing organization, as a visionary providing engineering solutions for integrated utilities and as a manufacturer of its own range of products. As a manufacturer, MWSC ventured into bottling operations in 2004. In 2015, MWSC further expanded manufacturing operations by venturing into production of its own line of PE and PVC Pipes. As an Engineer, MWSC provides innovative utility solutions for water, wastewater and power for resorts, the government and contract clients.
Maxcom Technologies MANAGING DIRECTOR
MOHAMED FAZEEL
YEAR STARTED
2005
EMPLOYMENT
32
INDUSTRY
Information And Communication
OWNERSHIP
Privately Held
Maxcom initially began as an IT equipment, computer systems and accessories sales outlet in June 2005. Subsequently, the business was registered as a limited liability company in the name of “Maxcom Technologies Privet Limited� under the Maldives Company Act on 19 October 2009 with Registration No: C779/2009. Maxcom technologies Pvt Ltd is leading ICT solutions provider in the Maldives market, and caters to over 300 corporate customers in various sectors. Maxcom is the Authorized Distributor and dealer for renowned brands in the MAXCOM TECHNOLOGIES PVT LTD
world such as Microsoft, DellEMC, Huawei Enterprise, SAP, etc. Maxcom
+960 333 0037
became the National distributor for Huawei Devices in Maldives. In
sales@maxcom.com.mv www.maxcom.com.mv
addition, Maxcom Technologies has a full Fledged ICT Training Center registered as Maxcom Training Solution (MTS).
PRODUCTS & SERVICES: Computer hardware & software, enterprise IT solutions, consumer IT products & services, after sales support service, our products and services include Microsoft licensing and solutions, Dell desktops, laptops and client products, DELLEMC server storage solutions, Huawei enterprise infrastructure solutions, Huawei Brand Mobile Phones, firewall and security solutions, and networking solutions. Our support and after sales services are delivered through authorized service centers with qualified technicians and engineers.
Medianet MANAGING DIRECTOR
Ahmed Shafeeu
YEAR STARTED
2005
EMPLOYMENT
200
INDUSTRY
Other
OWNERSHIP
Privately Held
Medianet is the largest independent cable television provider in the country. Operating with an extensively skilled team comprising of a majority of Maldivians, we are known for our exceptional track record in providing Infotainment and Entertainment with cost effective solutions, quality service and unmatched content. Medianet is guided by a vision to provide direct to home cable TV service to every household throughout the nation. Our mission is to provide the latest and the most popular content available to this region conveniently & efficiently. Medianet MEDIANET PVT LTD
aims to provide unwavering customer care, services and entertainment
+960 332 0800
experience to its large clientele, offering more than 85 channels in High
customerservice@medianet.com.mv www.medianet.mv
Definition as well as over 95 standard definition channels.
PRODUCTS & SERVICES: The best selection of content available, spanning over multi-genres and languages. Our content includes Live Sports events and award shows, English series Same Day as the U.S, Hindi Entertainment, Movies, News, Kids Content and Infotainment. Our latest STB, M580 is a UHD supported box. Medianet cable TV services are available throughout and our mobile application, Open MiTVallows customers to watch live TV on any smart device. We also provide a 24-hour call center for any queries.
Megachip Electronics MANAGING DIRECTOR
Ahmed Zareer
YEAR STARTED
2000
EMPLOYMENT
15
INDUSTRY
Professional Services
OWNERSHIP
Privately Held
Megachip Electronics Pvt Ltd is a full service & support provider of Information Technology and Communications. We have gained the agility and scalability to support our client’s long term strategies by providing leading-edge, tailored ICT solutions drawn from the expertise and field experience of our Engineers and Consultants. Our people have the knowledge, expertise and know-how that simply cannot be matched. We are the DELL EMC Platinum Partner in the Maldives, Enterprise Solutions Partner for VMware, Managed Partner for Microsoft MEGACHIP ELECTRONICS PVT LTD
and Partner for other products to deliver end-to-end solutions.
+960 333 3088 info@megachipcomputers.com www.megachiplive.com
PRODUCTS & SERVICES: Megachip’s product portfolio ranges from IT accessories to desktop computers, laptops & Enterprise Infrastructure solutions. Megachip is also introducing it’s Cloud Managed Services for the market with latest technologies. This model will cater IT services provisioned over a private IT platform with resources completely dedicated for client’s needs. We also provide post-implementation support to maximize efficiency and performance. In this industry (ICT) we deliver end-to-end solutions to our customers from expertise and field experience of our engineers and consultants.
MHA MANAGING DIRECTOR
Usman Abdulla
YEAR STARTED
2013
EMPLOYMENT
120
INDUSTRY
Wholesale And Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Mha Technical Services, Male’; Home Essentials, Dubai
MHA private limited is a wholesaler, importer and distributor of internationally recognized brands of food and beverage, personal care, hygiene and cosmetics products. MHA was one of the first private companies registered in Maldives, during the mid-ninety’s when the Maldivian government changed their policies to allow trading for MHA PVT LTD
privately owned businesses. The abbreviation “M.H.A” was formed from
+960 332 3246
“Maroshi Hussain Abdulla”, to be used as a shipping mark during the
mha@mha.com.mv
import and export of goods. The company began our trading operations
www.mha.mv
on the 1st of February 1972 at Chandhanee Magu No. 1/32 in “Elpaa”. MHA has been a pioneer for various food products in general trading sector for over 45 years.
PRODUCTS & SERVICES: MHA distributes wide range of internationally recognized brands of food and beverage including the finest collection of ice-cream impulses in town comprising ice-cream magnums/sticks/bars, cups and cones of different brands and flavors. Food and Beverages; Nestle’ Food Products and other famous brands comprising of baking aids, sauces, dressings and condiments and many other ingredients used in food preparation. MHA portfolio consists of a wide range of Cosmetics, Personal Care Items and Cleaning items.
Muni Enterprises MANAGING DIRECTOR
Mukhuthar Hassan
YEAR STARTED
2000
EMPLOYMENT
349
INDUSTRY
Wholesale And Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Muni Travels & Trading Pvt Ltd, Beachwood Investments Pvt Ltd, Fushifaru Investments Pvt Ltd
With over three decades in the goods and service industry, MUNI has been synonymous in shaping the modern Maldives. Founded in the year 1983 with our first retail store, we set the bar for high-quality home goods in the country. Today, more than thirty years later, we have expanded MUNI ENTERPRISES PVT LTD
to operating MUNI Home Care, MUNI Traders and Furniture Center and
+960 333 1512
Sales Center; providing unparalleled, authentic and reliable home
info@muni.com.mv
improvement products for our customers. in 2017, MUNI Enterprises
www,munihomecare.com
launched its first Real Estate business project by undertaking luxury property development project for residential living under the name of Fitron Residences which consists of two tower with 95 apartments.
PRODUCTS & SERVICES: We engage in providing a better living environment for both the residential and commercial sectors of the Maldives. Muni understands the importance of this vital component of our life and history and thereby strives to provide our customers with a modern, comprehensive, and affordable range of products to let them achieve their dream living environment. Our product range and service expertise practically completes every imaginable room scenario and style for both interior and exterior residential and commercial living environments.
Nalahiya Trading MANAGING DIRECTOR
Ibrahim Waheed Ali
YEAR STARTED
2002
EMPLOYMENT
500
INDUSTRY
Construction
OWNERSHIP
Privately Held
SUBSIDIARIES
Nalahiya Construction Pvt Ltd, Nalahiya Logistics Pvt Ltd, Nevada Shipping Pvt Ltd
Nalahiya Trading Pvt Ltd is a construction material supplier based in the Maldives. Ever since it’s an establishment in 1985 by founder Mr. Ibrahim Waheed. Nalahiya Trading has been dedicated to providing customers with high-quality products and standards of service. Over the years NALAHIYA TRADING PVT LTD +960 333 1999
Nalahiya has grown into one of the largest building material suppliers in the country. With a workforce of over 500 employees, the company
info@nalahiyatrading.com
is one of the largest private companies in the Maldives. The founder’s
www.nalahiyatrading.com
deep-held philosophies, beliefs, and values have shaped the way the company does business and deals with its customers. Values such as hard work, customer focus, preserving the high quality of products and services have always been held in high regard.
PRODUCTS & SERVICES: Nalahiya offers a total solution for the construction industry with an extended product range from basic construction materials to finishing products and related services. Some core products and services are concreating materials ( Cement, Aggregate, M.Sand, River Sand, Deform Bars, Shuttering Plywood), original Malaysian Plywood, SCG Fiber Cement Board, Roofing Sheets, G.I Pipes & Fittings, PVC Pipes & Fittings, Guardian Branded Glasses, Aluminum profiles, and Accessories, Vehicle rentals, Warehousing services, Third-party logistics services, loading, and unloading.
Novelty Printers And Publishers MANAGING DIRECTOR
Asad Ali
YEAR STARTED
1992
EMPLOYMENT
106
INDUSTRY
Printing & Publishing Manufacturer
OWNERSHIP
Privately Held
SUBSIDIARIES
Paper World, FDI Station, FDI Boutique, N Plus, Novel Investments Pvt Ltd, Novel Colours, Novel Colours Hulhumale, Vantha Pvt Ltd, Seasplash Maldives Pvt Ltd
NOVELTY PRINTERS AND PUBLISHERS PVT LTD
Novelty started as a backyard business in 1965 using largely manual work, rudimentary machinery and lots of sweat. Through hard work and
+960 331 8844
perseverance, Novelty’s Late Chairman Mr. Ali Hussain pioneered the
sales.printers@novelty.com.mv
printing industry in Maldives in sync with every advancement in the
www.novelty.com.mv
printing industry internationally. Today Novelty Group has diversified business in printing, paper converting, bookshops, paints and coatings, photography, digital imaging, transportation, dive and water sports and hospitality. Celebrating 55 years of excellence in 2020, Novelty Printers & Publishers has continued its stride to provide the highest-quality products and services possible, in a time manner, at a competitive rate and provide services that exceeds the expectations of our esteemed customers.
PRODUCTS & SERVICES: Novelty’s range of printing includes corporate stationery, accounting stationery, annual reports, brochures and flyers, business cards, files and folders, desktop and wall hanging calendars, posters, magazines, newsletters, packaging, labels, large format printing, sublimation, UV printing, digital cutting, customized wallpaper, danglers, stickers, security seals, corporate stamps, membership cards, bill books, security printing and more. We cater to conferences, seminars, celebrations and seasonal events.
Ooredoo Maldives MANAGING DIRECTOR
Najib Khan
YEAR STARTED
2004
EMPLOYMENT
400
INDUSTRY
Telecommunications
OWNERSHIP
Ooredoo Group
Ooredoo Maldives Plc. is a leading international communications company delivering mobile, fixed, broadband internet, enterprise and e-commerce services tailored to the needs of its consumers and businesses. Guided by its vision of enriching lives and its belief that it can stimulate human growth by leveraging communications to help people achieve more, Ooredoo has transformed the telecommunications industry for the people of the Maldives. As a full-fledged ICT company with the aim to open up the vast opportunities of the digital age to all, OOREDOO MALDIVES PLC
Ooredoo continues to make strong investments in bringing the latest
+960 961 1000
technologies and innovations to the country. Subsequent to launching
ooredoo.business@ooredoo.mv www.ooredoo.mv
the first nationwide 4G+ network, it is now preparing to connect Maldives to the 5G revolution.
PRODUCTS & SERVICES: 4G+ Data Connectivity, Mobile & Fixed Telephony, Messaging, Data Services, Data Sharing Services, Fixed Line Solutions & Devices, Fixed & Wireless Broadband Internet Services, Ooredoo Business Services, Internet Leased Line Services, Total Resort Solutions, Mobile Financial Services, Smart Solutions (Smart Home, Smart Office, Smart School, Smart Campus & Smart Surveillance), Content Services, Cloud based ICT Solutions for Storage, Security & Hosting, Digital Resorts Solutions (Digital Resorts App, Digital HR, Digital Entertainment & Digital Hub), e-Commerce Services, P2P (point to point connectivity), L2VPN, and Cloud PBX.
Personal Computers MANAGING DIRECTOR
Shamee Abdul Ghafoor
YEAR STARTED
2008
EMPLOYMENT
55
INDUSTRY
Other
OWNERSHIP
-
SUBSIDIARIES
The Personal Computers, Personal Service Center
Established in 2008, Personal Computers (PC) is a household name in the IT sector in the Maldives. With two outlets and a dedicated service center, PC provides comprehensive technology solutions that enhance the IT experience of its customers. PC serves a broad clientele which includes the Government, Public and Private Businesses and Individual PERSONAL COMPUTERS
Customers as well. PC’s promise to their customers revolve around
+960 300 3033
quality, reliability and speedy service, all when combined translates to
info@personalcomputers.mv
real value for money. Vision: To become the most popular IT solution
www.personalcomputers.mv
provider in the Maldives. Mission: Deliver quality IT products and services to customer’s that would suit their individual needs, at the most reasonable prices, with the best delivery and after-sales services.
PRODUCTS & SERVICES: Personal Computes provide the most comprehensive range of products in the Maldives. It is authorized to sell reputed brands such as DELL, HP, ACER, to name a few. PC’s product range includes- Computers ,Laptops, Printers & Scanners, Printer Consumables, Projectors, Gaming Equipment, Monitors, POS Equipment, POS Software, Computer Accessories, Network Routers & Switches, Network Accessories, Servers, Storage & Backup Solutions, UPS, Smart Cooling Solutions, Firewalls, Computer Repairs, Preventive Maintenance, Hardware Installation, Antivirus, Windows and Office Software, Adobe Software, etc.
PestEx Maldives MANAGING DIRECTOR
Abdul Gafoor Moosa
YEAR STARTED
1999
EMPLOYMENT
135
INDUSTRY
Professional Services
OWNERSHIP
Privately Held
Tourism being the main source of income for the government of Maldives, “PestEx Maldives Pvt. Ltd.�, from its inception in 1999 has played a major part in ensuring that the tourists visiting the Maldives have been able to enjoy the many luxurious benefits that are on offer and able to take back lasting happy memories of time spent on their vacations. From its humble beginnings, over the years ably led by the founder Managing Director of the company Abdul Gafoor Moosa, PestEx Maldives Pvt. Ltd. has blossomed to be one of the leading service PESTEX MALDIVES PVT LTD +960 333 8009
providers in the country with internationally recognized certification for chemicals available for distribution.
+960 333 6878 info@pestexmalvixes.com www.pestexmaldives.com
PRODUCTS & SERVICES: Household Pests: Whereas spraying and misting was done indoors and outdoors to control all types of household pests such as rodents, cockroaches, flies, ants, termites and others insects falling into this same category was considered the norm, we have introduced new solutions such as baiting systems, gels, and traps which are equally effective, environment friendly and safe for use even whilst the premises are occupied. We are the first to introduce an electronic termite detection system.
Rasheed Carpentry & Construction CHAIRMAN
Ibrahim Rasheed
YEAR STARTED
1995
EMPLOYMENT
450
INDUSTRY
Construction
OWNERSHIP
Privately Held
Rasheed Carpentry and Construction Pvt Ltd has emerged as one of the most respected general contracting companies in the Maldives. Our business has proved our ability to take on large and complex projects to be completed on time, on budget and at the highest levels of quality. Over the years, we have developed multifaceted systems and procedures to ensure control over cost, quality, schedule, scope, and safety. We RASHEED CARPENTRY & CONSTRUCTION PVT LTD +960 331 7878 info@rcc.com.mv www.rcc.com.mv
foster an atmosphere of mutual trust and cooperation among the team members by remaining sensitive to their specific needs throughout the project life cycle. We also have a company-wide policy encouraging quality services at a competitive price, ensuring the highest degree of professional service and results on all projects undertaken.
PRODUCTS & SERVICES: Our main business is Building Construction. Ever since RCC moved into the construction industry, we have always had enough projects to keep us on the go and to eventually bring us to where we are today. From residential to industrial construction, we have it all. Apart from this we have RCC Buildware, RCC Aluminium, RCC Rentals, RCC Apartments, RCC Carpentry and most recent addition, RCC Maintenance Services
Red Wave MANAGING DIRECTOR
Ahmed Naajil
YEAR STARTED
2001
EMPLOYMENT
352
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Redwave Construction Pvt Ltd, Avalon Pvt Ltd
With 10 strategically placed outlets, Redwave caters a plethora of products for your day to day needs; from groceries, utensils, and electronics and to furniture, we have you covered. Redwave assures that the customers get all their shopping done in one place with convenience and ease, saving valuable time and effort. We are known RED WAVE PVT LTD +960 333 6875 info@redwavemaldives.com www.redwavemaldives.com
to offer all of our products at the most affordable prices and evidently has established a loyal customer base. We at Redwave, always aims to improve our services and increase the availability of a variety of products, with new system of sales (SAP) being implemented this year, Redwave’s services are bound to improve further.
PRODUCTS & SERVICES: Redwave’s products and services it provides are numerous. A wide range of supermarket items, groceries, kitchen utensils and appliances, home appliances, household equipment, digital gadgets, furniture of different varieties, hardware, clothing, kid’s toys and the list goes on. There are list of after sales services provided from installation of AC’s at the cheapest rate available in the country, and delivering of products to assembling of furniture, all free of cost.
Reefside Company MANAGING DIRECTOR
Hassan Zahir
YEAR STARTED
1976
EMPLOYMENT
60
INDUSTRY
Wholesale And Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Eco Cool Pvt Ltd,
Despite its humble beginnings in 1976, Reefside Company now leads the way for sale of watches and electronics of repute in the Maldives. The company has further gained the trust of their customers by establishing the full -fledged Watch Service Center and Electronics Service Center for quality After Sales Service in the Maldives. Reefside is recognized as a leader in selling original watches and electronic products in the Maldives for 4 decades, with the celebration of their 43rd Anniversary REEFSIDE COMPANY PVT LTD +960 332 3545 hr@reefsidemaldives.com www.reefsidemaldives.com
in 2019. Reefside leads the way in enriching and innovating people’s lifestyles, through their commitment to quality, constant innovation, and aim to exceed expectations with regard to customer trust and loyalty.
PRODUCTS & SERVICES: Agent & service provider for reputed International Watch brands, such as Rado, Longines, Tissot, Seiko, Citizen, etc. Distributor & service provider for the premium and quality Electronics brands such as Bose, Sony, Whirlpool, etc. Specialized in audio/visual integration solutions for the hospitality industry and corporate businesses. Providing aircondition solutions for the consumer & commercial clients.
Ref Cool MANAGING DIRECTOR
Ahmed Haleem
YEAR STARTED
2002
EMPLOYMENT
136
INDUSTRY
Technical Services
OWNERSHIP
Private Ownership
SUBSIDIARIES
Ref Cool Investment Pvt Ltd, Ref Cool Travels & Tours, Ref Cool Holding
Since being founded in 2002, Ref Cool has grown to become a well-known established local brand name especially in the field of refrigeration and air-conditioning. Starting as a relatively small outlet selling air-conditioning units and related services, the company REF COOL
now serves a broad customer base in a variety of economic sectors
+ 960 330 9900
including tourist resorts, boat operators, real estate developers and
inquiry@refcool.com.mv
construction companies. Ref Cool is largely recognized in the Maldives
www.refcool.com.mv
as the sole authorised distributor of Gree, the number 01 air-conditioner brand produced and sold in the world. Earning the respect of their nationwide clientele, the company’s growth is a result of their functional diversification and the relentless effort to achieve complete customer satisfaction, trust and confidence.
PRODUCTS & SERVICES: Ref Cool is the leading supplier and service provider for refrigeration and air-conditioning in the Maldives. The Ref Cool brand is recognized for providing customised cold room solutions and for being the sole authorised distributor of the air-conditioning brand; Gree, in the Maldives. Additionally, their business ranges include a branch in home appliance, real estate solutions, specialization in motor vehicle and spare parts & a hospitality wing that provides safari tours and holiday packages that are designed to give customers an enjoyable and memorable holiday experience in the Maldives.
Seagull Group MANAGING DIRECTOR
Salah Shihab
YEAR STARTED
1984
EMPLOYMENT
180
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
Established in 1984, Seagull Group has evolved over the years, diversifying and strengthening the product range and matching it with a unique level of service. A pioneer among importers in Maldives, trade and agriculture are a few key sectors of our group. 35 years of our establishment presents a proud team of diverse proficiency representing 7 retail outlets, 1 cafĂŠ and 1 island dedicated to local agriculture and fisheries produce. Relying on our experience and dependable team, we are constantly refining and perfecting our products and services, in SEAGULL GROUP PVT LTD
accordance with our aim to become the best in the country.
+960 332 3617 info@seagullmaldives.com www.seagullmaldives.com
PRODUCTS & SERVICES: Two outlets of Seagull Marine (specializing in selling boats and marine related equipment), two outlets of Seagull Foods (retailing local and imported produce), Seagull CafĂŠ, and three outlets of Sea Sports (retailing swimming, surf and leisure apparel plus equipment). We also own and manage an agricultural and fisheries project, combined with a boat yard (boat building and boat maintenance work), on the island of Maafahi. Additionally, Seagull Group owns an exclusive holiday resort in Ari Atoll, Diamonds Thudufushi, managed by a Swiss firm.
Silver Sands MANAGING DIRECTOR
Hussain Thoufeeq Ali
YEAR STARTED
2000
EMPLOYMENT
450+
INDUSTRY
Diving And Water Sports Activities
OWNERSHIP
Privately Held
SUBSIDIARIES
Evo Home, Sea Gear, Evo Solutions, Evo Surfaces, Evo Flooring, Fish World Maldives Pvt Ltd, Sovereign Agencies Pvt Ltd, Silver Sands Boat Yard
Silver Sands PVT. LTD. has been an inbound travel business since its inception in 2000. In 2005 it ventured into resort-based recreational SILVER SANDS PVT LTD +960 334 2737
activities, including diving, fishing and all excursions and water sports centers. Currently Silver Sands is operating dive, fishing and water
info@silversands.com.mv
sports centers in W Retreat & Spa Maldives, Anantara Dhigu, Anantara
www.silversandsdiving.com
Veli, Naladhu Maldives, Huvafen Fushi, Velassaru Maldives, Shangrila’s Villigili Resort and Spa Maldives, Robinson Club Maldives, Anantara Kihavah, Niyama Maldives, Raffles Maldives Maradhoo, St. Regis Vommuli Maldives, Kandima Maldives, Robinson Club Noonu, Vakkaru and Westin Maldives Miriandhoo Resort. In 2013, the company diversified into trading and has opened showrooms in Male’.
PRODUCTS & SERVICES: Evo Home, Evo Solutions, Evo Flooring and Evo Surfaces provide onestop solutions for all the needs for residential purposes and for the resorts, ranging from F&B products, cutleries, crockeries, bathroom fittings, furniture (both outdoor and indoor), flooring and stone products, which are customized to individual needs. Sea Gear offers full range of marine related equipment. Silver Sands boat yard produces multi-purpose dhonis, glass bottom boats and parasailing boats.
SINAF MANAGING DIRECTOR
Mohamed Naeem
YEAR STARTED
2015
EMPLOYMENT
26
INDUSTRY
Retail
OWNERSHIP
Privately Held
SINAF Pvt Ltd is a design-oriented private company that specializes in conceiving modern, exceptional solutions. Established officially in January 2015, SINAF Pvt Ltd is re-branded from Assistance Maldives Pvt Ltd which began in early 2000. We pride ourselves on our meticulous attention to details and use this to determine optimum solutions to cater to our customer needs. Our focus on punctuality and reliability of our operations which has earned us a well-deserved reputation for quality products and services. SINAF stands for Saikuraa Ibrahim Naeem SINAF PVT LTD +960 333 6650
And Family. The name itself holds personal and historic significance as it is derived from the family of the Company’s shareholders.
sales@sinaf.mv www.sinaf.mv
PRODUCTS & SERVICES: SINAF is the authorized distributor of 3M Matting for Maldives. Our product consist of different type of flooring, wall finishes and other various options for interior finishing products. We provide installation for our products and provide consultation to help customers pick the suitable products to represent their space. Our services can be devised into three core segments: showroom sales and installation; custom design solutions and supply; interior designing, consultancy and interior finishing.
Sirius Enterprises MANAGING DIRECTOR
Ahmed Naseem
YEAR STARTED
1993
EMPLOYMENT
150
INDUSTRY
Other
OWNERSHIP
Privately Held
Sirius Enterprises Pvt Ltd is the leading company in the automobiles industry in the Maldives ever since its establishment in the year 1993. We are specialized in the import of used and brand new cars from Japan which are being repaired and serviced at our garage, Sirius Automotive Workshop. In addition to cars, we import spare parts which are being distributed in our shops. Furthermore, we are the exclusive distributor of world re-owned Valvoline Engine and Motor oils, the sole distributor of Yokohama batteries, Addo and Nankang Tires and the authorized SIRIUS ENTERPRISES PVT LTD
distributor of Bando belts and Apollo tires in the Maldives. We are also
+960 332 0788
among the leading companies providing speedboat services throughout
sirius@dhivehinet.net.mv www.sirius.com.mv
the Maldives.
PRODUCTS & SERVICES: We are specialized in importing used and damaged cars from Japan, which is repaired and serviced at our garage; Sirius Automotive Workshop. Our products; Valvoline engine and motor oils, Yokohama batteries, Addo and Nankang Tires, Bando belts and Apollo tires are available from our shops namely Sirius 1, 2 and 3 or can also be acquired on credit basis from our main office. We are also among the leading companies in Maldives providing speedboat services throughout Maldives.
Sonee Hardware MANAGING DIRECTOR
Moosa Kaleem
YEAR STARTED
1970
EMPLOYMENT
400
INDUSTRY
Wholesale And Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Sonee Home
Founded in 1970, Sonee Hardware has been a fore-runner in setting innovative trends in the Maldivian business arena. Dealing in hardware & building materials, Sonee Hardware is by all means a true leader in the hardware market dedicated to providing the best buying experience to customers. Driven by its own hard earned motto “your favourite hardware store” Sonee Hardware has everything it takes to be the perfect business organization in its realm of operation. Sonee Hardware SONEE HARDWARE PVT LTD +960 333 6699 info@sonee.com.mv www.sonee.com.mv
has a total of 6 outlets including Sonee Hardware Hulhumale & Sonee Home. Sonee Home offers complete home improvement solutions along with premium kitchenware and designer home décor accessories.
PRODUCTS & SERVICES: We deliver a wide range of branded products in general hardware, building
materials,
lighting,
electrical
equipment,
power
tools,
professional cleaning solutions, sanitary ware and tiles, construction chemicals, fishing tackles, home décor, kitchenware, paints & wallpaper. Major brands we represent includes Bosch, Caparol, ABB, Osram, Duravit, Hansgrohe, Karcher, Roca, Shimano, Brabantia, Dunlop, Fischer, Mapei, Geberit, Marazzi, Mustad, Yale, Corelle, Dorma, Fluke, Joseph Joseph, & Haier. Our full-fledged Service Centre offers the repair and service by trained professionals.
State Trading Organization CEO AND MANAGING DIRECTOR
Husen Amru Mohamed Rashad
YEAR STARTED
2001
EMPLOYMENT
2164
INDUSTRY
Other
OWNERSHIP
100% Local
SUBSIDIARIES
Allied Insurance Company of the Maldives Pvt Ltd, Fuel Supplies Maldives Pvt Ltd, Maldive Gas Pvt Ltd, MIFCO, STO Hotels and Resorts Pvt Ltd, STO Maldives (Singapore) Pte Ltd, Maldives National Oil Company Ltd
STATE TRADING ORGANIZATION PLC +960 334 4333 info@stomaldives.net www.sto.mv
The roots of State Trading Organization PLC, dates back to 1964 when it was opened to finance the purchasing and importation of essential food items needed for the Maldivian community in bulk. Today STO has sustained this crucial responsibility to oversee the food security concerns of government. STO group, with its subsidiaries, joint ventures and associates, is a national leader in business. It also focuses in petroleum, cooking gas, construction materials, medical supplies and pharmaceuticals, home appliances, electronics, supermarket products and insurance. STO has set new focus to make a splash in the tourism sector. Ongoing and upcoming projects in this sector are designed to ensure STO becomes a big player in hospitality in the near future.
PRODUCTS & SERVICES: Staple foods, Stores, Fuel and Gas, Construction materials, Electronics, Paints, Cement, Gadgets, Wholesale, Retail, Pharmacies, Insurance, Service Centre, Import and Export, Shipping, Oil Trade Expansion, Fisheries, Tourism, Logistics and Distribution. STO provides various types of services to the community. The most important being ensuring the food security of the country followed by providing medicines and pharmaceuticals. In addition, with Readymix cement service, STO now is flourishing in the Construction business as well.
Static Company MANAGING DIRECTOR
Ismail Shafeeu
YEAR STARTED
1989
EMPLOYMENT
183
INDUSTRY
Technical Services
OWNERSHIP
Privately Held
SUBSIDIARIES
Dhigufaru Investments Pvt Ltd
Static Company, established since 1989, operating under the slogan “The Practical Solution” is the market leader in M&E Contracting and Water Treatment, providing services covering the full spectrum of under these components. From power generation, electrical distribution to controls, reverse osmosis desalination, waste water treatment, fluid collection and pumping, the total solution is available. Being a premier in introducing leading technology in the relative fields, the Company STATIC COMPANY PVT LTD +960 331 0313 info@static-company.com
represents world renowned brands in the local market. Static Company’s services are available from our Head Office, Project and Trading office, Manufacturing/Assembly facility at Thilafushi, engineering workshops, Static Electrix and Static Engineering, seven trading showrooms in Male’ City - Sparks, Sparks 1, Sparks 2, Etincelle, AquaReef showroom, Estatico showroom, Static Marine SS.
PRODUCTS & SERVICES: Static Company is the Authorized Distributor for Schneider Electrics, Legrand, Hager, Gewiss, Davey Pumps, WIM, UMS and many more. The Company builds and markets Reverse Osmosis Desalination Plants under the registered trademark brand of ‘Aqua Reef’, covering a whole range of water treatment products. Specialized workshops offer services in metal fabrications, motor rewinding and electrical engineering services. In contracting, the Company’s services offer a total solution with equipment & products, installation & commissioning and after-sales service.
Sun Front MANAGING DIRECTOR
Mohamed Rashad Adam
YEAR STARTED
1989
EMPLOYMENT
180
INDUSTRY
Wholesale And Retail Trade
OWNERSHIP
Privately Held
SUBSIDIARIES
Scope Company Pvt Ltd
Sun Front Private Limited is a 100% local company registered in the Maldives on the 2nd of July 1989 with two shareholders. Sun Front’s business journey started with providing Sea transportation services between the Capital City (Male’) and the islands. Within a few short years, Sun Front had entered the trading business. To enhance its business in more areas, Sun Front’s shareholders registered Scope Company Private Limited as a subsidiary company on the 26th of April 1999. The SUN FRONT PVT LTD +960 331 3313 adminhr@sunfront.com.mv www.sunfront.com.mv
businesses are operated in the Capital City (Male’) and today Sun Front has become a well-known local brand and a stockiest, wholesaler and retailer.
PRODUCTS & SERVICES: Sun Front’s business journey started with providing Sea Transportation services between the Capital City (Male’) and the islands. The company now specializes in the following business lines: Lighting, Finishing & Fixtures, Furniture, Kitchen Solutions & Customized Furniture, Buildware, Bikes, Sea Transportation, Real Estate Developments and Financing. The business outlets, showrooms and delivery centers are operated in the prime locations of Male’ and Hulhumale’ and the main warehousing is in Thilafushi Industrial Island.
Sunwill MANAGING DIRECTOR
Abdulla Rafiu
YEAR STARTED
2011
EMPLOYMENT
206
INDUSTRY
Construction
OWNERSHIP
Privately Held
SUNWILL is a corporate business group providing a wide range of trading and contracting services in several fields across the Maldives Island. Founded in 2011, SUNWILL was mainly dealing with civil and mechanical general contracting services but has grown to become a multifunctional organization. SUNWILL has been actively involved in construction and trading activities for private and public sectors, executing numerous projects for the island resort developments and housing developments. Founded in 2011, our aim has been always to satisfy our clients by SUNWILL PVT LTD
striving to successfully complete any given project. Our success
+960 335 6920
ultimately came from a steadfast commitment to the client’s vision,
info@sunwillmaldives.com
with a passion for new collaborative building practices and a culture of
www.sunwillgroup.com
balance, integrity, leadership and loyalty.
PRODUCTS & SERVICES: Founded in 2011, our aim has been always to satisfy our clients by striving to successfully complete any given project. Our success ultimately came from a steadfast commitment to the client’s vision, with a passion for new collaborative building practices and a culture of balance, integrity, leadership and loyalty. Furthermore, SUNWILL has also gained a welldeveloped expertise in other different sectors including: hospitality industry, food business, construction management, and engineering material wholesale, logistical support, Metal fabrication, dredging and harbour development.
Symphony Maldives MANAGING DIRECTOR
Riffath Waleed
YEAR STARTED
2014
EMPLOYMENT
167
INDUSTRY
Food Service Activities
OWNERSHIP
Privately Held
SUBSIDIARIES
Crystal Sands, Symphonic Garden, Crystal Sands Villa, Symphony Lagoon, Symphony Restaurant, MNDF Cater
The vision of Symphony Maldives is in the hands of experienced professionals with outstanding records in the food and catering industry. Founded in 1992, Symphony Maldives specializes in restaurant SYMPHONY MALDIVES PVT LTD
and catering business with operations within Capital Male’ and Laamu
+960 779 8421
Atoll. The core businesses of Symphony Maldives Pvt.Ltd are restaurant
admin@symphonymaldives.com
and catering. Our first establishment was Symphony Restaurant located
www.symphonymaldives.com
at the heart of Male’. We started off from a humble inception with 6 dining tables, one chef and two kitchen helpers. In time, our expertise in serving delicious variations of dishes with professional and personal service helped build our reputation by word of mouth establishing Symphony Restaurant as one of the most popular restaurants in the country.
PRODUCTS & SERVICES: All our restaurant staff is well trained and selected according to expertise in providing quality services. We provide: Fusion Dishes; Symphony Style Nasi Goreng; Symphony Style Bami Goreng; Italian Dishes; Symphony Carbonara; Symphony Seafood Macaroni; Mojito Pasta; Sandwiches & Burgers; Solo Cuban sandwich; Melody Sandwich; Big B Burger; Main Dishes; Lebanese Chicken Symphony Style; Chicken Le Blanc; Grilled Chicken Salad; Flaming Hot Chicken; Desserts; Sweet Fling; Sizzling Chocolate Affair; Symphony Truffles; Symphony Chocolate Bomb with Ganache.
The Hawks MANAGING DIRECTOR
Hassan Rifau
YEAR STARTED
2007
EMPLOYMENT
432
INDUSTRY
Professional Services
OWNERSHIP
Privately Held
SUBSIDIARIES
Hawks Fuel Terminal and Fuel Storage, Hawks Boatyard, Hawks Lathe Workshop, Hawks Sea Transportation, Airport Beach Hotel Hulhumale’, Tropical Biosphere Hotel, Hawks Bricks Factory, Hawks Kiosk Thilafushi Island, Hawks Construction
THE HAWKS PVT LTD +960 334 4949
The Hawks Pvt Ltd is one of the leading companies for the import &
info@thehawks.biz
distribution of high-quality fuel in the Maldives. With more than 12
www.thehawks.biz
years experience in the area of fuel supply and exceptional attention to the needs of their clients, the company has developed an extensive portfolio ranging from fuel delivery & related services to construction, transportation, and activities in the hospitality industry. The Hawks team, established in 2007 by chairman Mr. Ahmed Rasheed Hassan, is fully trusted by its clients and continuously eager to design new services. The exceptional customer service, on-time delivery, and highest standards for all services provide the ultimate satisfaction to clients from the northernmost to the southernmost parts of the Maldives.
PRODUCTS & SERVICES: The Hawks focuses on the supply of diesel and petrol to any business and location in the Maldives. Bunkering services are provided domestically and internationally to safaris, cargo ships, fishing vessels, yachts, cruiser and navy vessels at harbors and Exclusive Economic Zones. The extensive business portfolio includes bricks manufacturing, boat yard services, sea transportation with 6 speed boats, 5 ferries and 2 cargo vessels, tug boat services, and the Hawks Hotels on Kamadhoo and Hulhumale.
Trans Maldivian Airways MANAGING DIRECTOR
A.U.M. Fawzy
YEAR STARTED
1992
EMPLOYMENT
1000+
INDUSTRY
Aviation
OWNERSHIP
Privately Held
From its humble beginnings with only two aircraft, the company grew rapidly over the years where over a million passengers were transferred per year. In February 2013 Maldivian Air Taxi and Trans Maldivian Airways partnered with Blackstone, one of the world’s leading investment and advisory firms under the name Trans Maldivian Airways. In December 2017, the company was acquired by Bain Capital Private Equity, a global private equity firm headquartered out of the US, in association with Tempus Group, a Chinese tourism-focused conglomerate, from TRANS MALDIVIAN AIRWAYS PVT LTD
the current shareholders led by Blackstone. Since its inception TMA
+960 331 5201
represents a synonym for connecting Maldives islands. It is the oldest
info@transmaldivian.com
air services operator in Maldives and has grown to become the largest
www.transmaldivian.com
seaplane operator in the world.
PRODUCTS & SERVICES: Trans Maldivian Airways services include resort transfers where the journey is every much a part of the experience as the destination itself, stunning photo flights over one of the world’s most picturesque nations, private charter for a touch of exclusivity, excursions never to be forgotten as well as the flights we all hope we will never need – passenger evacuation flights.
TTS Group MANAGING DIRECTOR
Mohamed Nabeel
YEAR STARTED
2013
EMPLOYMENT
75
INDUSTRY
Logistics
OWNERSHIP
Privately Held
SUBSIDIARIES
Nautical Maldives Pvt Ltd, Super Logistics Pvt Ltd, One World Logistics Pvt Ltd
Total Transport Solutions Group Maldives (TTSG Maldives) is one of the largest end-to-end logistics services provider in the Maldives, serving for over 25 years. TTSG has four subsidiaries representing renowned Global Brands in Shipping and Logistics. At present, TTSG constitutes TTS GROUP PVT LTD
to over 65% of the container throughput handled at Maldives Ports
+960 301 1888
Limited and hold a market of 28% of the inbound courier volumes in
info@ttsgroup.com
Maldives. Likewise, TTSG is privileged to be associated with Networks
www.ttsgroupmaldives.com
Specialised in Project Cargo Handling, Relocations and Removals as exclusive representatives in Maldives. The Group has shown significant growth since inception and attributes its success to the highly skilled and dedicated team personnel who work round the clock in keeping our customers delighted at all times.
PRODUCTS & SERVICES: Liner Shipping Services; Freight Forwarding Services; Air Line Cargo Services; Air Express Courier Services; Re-Location & Special Packaging Solutions; Inter-atoll logistics (Owning and Operating two LCTs, dhoni & 35T crane); Vessel Husbanding & Sea Marshalling; Customs Brokerage & Clearance Services; Project Cargo Handling.
Universal Enterprises MANAGING DIRECTOR
Ahmed Umar Maniku
YEAR STARTED
1978
EMPLOYMENT
4500
INDUSTRY
Hospitality
OWNERSHIP
Privately Held
Universal Enterprises is the pioneering force that transformed the Maldives from obscurity into one of the world’s most sought-after travel destinations, while actively diversifying across industries and service sectors. In the 1960s, an international development survey claimed the Maldives unsuitable for tourism. Few would have disagreed: the pristine archipelago was indisputably breathtaking, but with little national infrastructure to speak of. Nonetheless, a handful of like-minded entrepreneurs believed otherwise They could not have predicted the UNIVERSAL ENTERPRISES
extent to which the Maldives would grow as a tourist magnet, but their
+960 332 3080
bold initiative jump-started the development path that has placed the
www.universalresorts.com
island nation on the map as one of the most desired travel destinations in the world.
PRODUCTS & SERVICES: Born as a travel specialist, powered by a strong entrepreneurial spirit. As a small band of entrepreneurs, we piloted tourism in the Maldives in 1972, hosting the first-ever organized group tour to the islands and building its first resorts in the following month. Flash forward 35 years; from a group of localized travel specialist to a diversified conglomerate employing close to 4000 individuals, Universal Enterprises has become as fundamental a presence in the Maldives tourism and travel landscapes as the powder white sands of the islands, with numerous business encompassing several industries from travel services to trading, manufacturing, and real estate. Universal Enterprises continues to be a pivotal force, creating dynamic resorts, developing human resources, and promoting sustainable tourism.
VAM & Company MANAGING DIRECTOR
Ahmed Zubair Adam
YEAR STARTED
1998
EMPLOYMENT
52
INDUSTRY
Marine Equipment & Services
OWNERSHIP
Privately Held
V.A.M & company (VAMCO) began as a sole trader business in 1979 and was incorporated as a private limited company in 1998. Since then, the company is providing quality and reliable marine products, Engineering, Procurement, and Constructing (E.P.C.) in the Maldives. We are currently one of the largest dealers of marine equipment and products in the Maldives. We pride in being a one-stop place for marine products that cater to sectors such as the fishing industry, tourism industry and transport and logistics service. At VAMCO, we ensure that the needs of VAM & COMPANY PVT LTD
our clients are fully satisfied. We also operate one of the largest service
+960 334 7055
centres in the Maldives which offers repair and maintenance services to
service@vamco.com.mv
almost all types of vehicles, mechanical and electrical goods in addition
www.vamgroup.mv
to providing efficient and timely aftersales services to products sold by VAMCO.
PRODUCTS & SERVICES: VAMCO is one of the largest distributors of various marine and industrial equipment’s, includes selling of Machinery, Marine Equipment’s and our product portfolio include numerous leading premier brands from around the world. We expanded our companies reach to government E.P.C. projects, where we have completed significant turnkey projects for the government of the Maldives. Through VAMCO’s Service Centre, we offer repair and maintenance services to almost all types of vehicles, mechanical and electrical goods, in addition to providing efficient and timely aftersales services to products sold by VAMCO.
VB Brothers MANAGING DIRECTOR
Hassan Shiyam
YEAR STARTED
2002
EMPLOYMENT
123
INDUSTRY
Wholesale and Retail Trade
OWNERSHIP
Privately Held
The company was originally
esatblished 1979 with
the vision of
providing genuine, quality, everyday products at an affordable price. Over the decades VB Brothers has expaned the business by acquiring globally renowned and trusted brands like Kellogg’s, Pringles, Mars, Johnson & Johnson, L’oreal & Garnier and many more.VB Brothers is the authorized agent for the above brands in the Republic of Maldives. Today the company is currently recognized as one of the pioneers of trade at a national level, and has expanded significantly with outlets and VB BROTHERS PVT LTD
distribution networks in strategic locations in & around the Maldives.VB
+960 797 7332
Brothers is the trusted stakeholder for the resort sector over the years
dilan@vbbrothers.com.mv www.vbbrothers.com.mv
and the resort coverage of the company is almost 100% in Maldives.
PRODUCTS & SERVICES: Kellogg’s break fast cereals (Corn flakes, chocos, museli, coco pops, rice crispies, oats,special K); Kellogg’s cereal bars; Pringles potato crisps; Mars, Snickres,Bounty, m&m’s, Twix and maltesers chocolates; Johnson & Johnson baby care, Clean & Clear facial care, Listrine Oral care, Stay free womens’ care, Aveeno skin care & Neutrogina skin care; Garnier and L’oreal hair care and skin care; Tropicana Slim sweeteners; Selva Pasta; Oriental confectionerries; Tom Milk Dairy products.
Villa Shipping and Trading Company CHAIRMAN
Ibrahim Siyad Qasim
YEAR STARTED
1986
EMPLOYMENT
3898
INDUSTRY
Other
OWNERSHIP
Privately Held
SUBSIDIARIES
Villa Hotels, Villa College, Villa Travels, Vmedia, Horizon Fisheries, Villa Air, Dive Oceanous
The Villa Group is one of the largest business entities in the Maldives. The holding company Villa Shipping and Trading Company Pvt. Ltd is VILLA SHIPPING AND TRADING
a private conglomerate which is amongst the largest private business
COMPANY PVT LTD
in the Maldives with major operations in Shipping, Import and Export,
+960 332 0356
General Trade and Tourism, fishing, media, communication, transport
info@villahotels.com.mv
and education related Businesses. VSTC, with US$ 108.4 million in total
www.villa.mv
assets and a net worth of US$ 60.9 million as of June 30, 2001, is one of the largest private companies in the Maldives. The company operates five resorts with 2008 beds and carries out trading operations supported by a shipping fleet of 8 cargo ships and tankers
PRODUCTS & SERVICES: The company has diversified its business with substantial national share in diverse industries such as tourism (Villa Hotels, Villa Travels), transport (Villa Air), manufacturing, Gas (Villa Hakatha), Cement trade, Media and Communication ( Vmedia) , Educations ( Villa College & Villa International High School), food & Beverage and fisheries ( Horizon Fisheries) in addition to general trading, with Sole Distributorships of international products.
Voyages MANAGING DIRECTOR
Salah Shihab
YEAR STARTED
1980
EMPLOYMENT
105
INDUSTRY
Travel Agent
OWNERSHIP
Privately Held
With over four decades of experience in the tourism industry, we are one of the leading travel and tour companies in the Maldives. We provide tailor made service whether you are a Tour Operator, Airline Operator or an individual traveler. Although specializing in Boat Safari programs, which include Cruising, Diving and Surfing Safaris, we also provide Ground Handling services to Tour Operators, Supervision & Representation for airlines and travel solutions to/from anywhere in the world. We have a highly qualified team working closely with all the VOYAGES MALDIVES PVT LTD
resorts in the Maldives to provide you with the best tour option. The
+960 332 2019
preferred way of experiencing the most beautiful islands in the world –
info@voyagesmaldives.com www.voyagesmaldives.com
the Maldives is certainly in the care of Voyages Maldives.
PRODUCTS & SERVICES: Boat Safari Programs – we own and operate 7 Safari Boats of different categories and sizes for the purpose of live-aboard holidays, handled by our Safari Operations team. Our airport team handles air charters and ground/passenger handling. Our Tours department handles resort reservations, cruise handling and airline representation. We also own an exclusive holiday resort in Ari Atoll, Diamonds Athuruga, managed by a Swiss firm.
U D LY
SE R VI
NG
YOU
SIN CE
PRO
THE OLDEST R E S TA U R A N T B R A N D IN MALE’
WE FUEL UP YOUR BUSINESS IN THE MALDIVES
FUEL SUPPLY & BUNKERING SERVICES SAFARIS, SUPER YACHTS & MEGA YACHTS DIVING & FISHING VESSELS AND FERRIES DELIVERY TO ANY ATOLL CERTIFIED DIESEL, PETROL & LUBRICANTS
The Hawks Pvt Ltd THE HAWKS PVT LTD Think Smart-Supply Fast
Zoneriya, 7th Floor, Boduthakarufaanu Magu, Male, 20026, Republic of Maldives T: +960 334-0949 F: +960 330-0949 W: www.thehawks.biz E: info@thehawks.biz
WWW.ASMARINEMALDIVES.C OM | +960 664 6066 | INFO@ASMARINEMALDIVES.C OM