About Essar

Essar Mauritius (“Essar”) has a legacy of long and strong association with Mauritius. Essar first established its presence in Mauritius by the acquisition of Consolidated Fabrics Ltd (formerly Woventex Ltd) in 1993 for USD 14 million.  It continues to hold 20% of the equity of the Company, the remaining being held by a major Mauritian Textile Group.

The Regulatory and Legal Framework together with the Investor friendly environment has been instrumental in establishing Essar’s presence in Mauritius.

Essar has become a multinational conglomerate and a leading player in the sectors of Steel, Oil & Gas, Power, BPO & Telecom Services, Shipping, Ports, Projects and Realty and has operations in more than 25 countries across five continents and has revenues in excess of USD 25 billion.

The sector holding companies of all business verticals are spearheaded out of Mauritius.  The Mauritius entities hold investments across the globe ie North America, Europe, Asia including India and more recently in Africa, namely, Kenya, Mozambique, Uganda and Zimbabwe. 

Essar  occupies some 13,000 sq ft of offices in the Essar House on Port Louis .  The quarterly Board Meetings of the sector holding companies and Essar Global Limited, the parent company, are held in Mauritius.  On an average 40 senior executives from various international locations attend the meetings in person.  In fact, Essar’s flagship company Essar Energy Plc, a FTSE company, is a resident in Mauritius and has its Head Office in Port Louis, the Capital . 

The address by the President of the Republic of Mauritius on the occasion of the launching of  Essar Energy PLC in August 2010 acknowledges Essar’s extensive presence in Mauritius.   In addition to its presence in the Textile and Financial Services sectors, Essar is considering participating in Competitive Bids in the following sectors in Mauritius: (1) Power; (2) Ports and (3) Infrastructure.  It can bring to bear its impeccable track record and expertise in these sectors and thus contribute to the growth of the Mauritius economy.

The rapid expansion of operations is entrenched in Essar’s philosophy of growth and continuity.  In line with this philosophy and its strategy to build upon its presence both in Mauritius and the African region, Essar has acquired the DCDM building to provide for the increasing number of people that Essar intends to employ in Mauritius.  Essar presently employs 30 people for its Mauritius operations and that number has been progressively increasing. Essar will continue to provide employment opportunities to the growing repository of skilled Mauritians to operate within a multinational company (MNC).