By Shruti Menon Seeboo
The Board of Directors of Saral Group celebrated the official launch of their Mauritius office on July 17th, 2024, with an event held at the Rooftop Restaurant, Icon Ebene. This expansion marks a significant step for the growing financial services firm, established in 2016.
Saral Group has carved a strong reputation as a trusted partner for businesses across Africa, South Asia, and the Middle East. Their expertise lies in Corporate Finance Advisory, Financial Services Consulting, and Intermediation, effectively connecting businesses with global opportunities.
The Mauritius office launch coincides with the establishment of a Saral Group Fund Company under the nation’s innovative Variable Capital Company (VCC) structure. This structure offers significant advantages, including being advised by Saral Fund Management Ltd, a CIS Manager regulated by the Mauritius Financial Services Commission (FSC). Notably, the Group has also applied to roll out sub-funds under the VCC framework.
These sub-funds will serve a dual purpose: providing investment opportunities in a global market while also allowing clients to capitalize on the burgeoning Indian economy. Gopa Kumar, Saral Group’s co-founder, elaborated on the strategic decision to establish a presence in Mauritius.
“We’ve been incredibly impressed by Mauritius’ business environment,” remarked Kumar. “The warmth of the people, the open and collaborative approach of the regulators – these factors all contributed significantly to our decision. Mauritius serves as an ideal base for us to expand our service offerings, particularly in Africa, leveraging the nation’s strong investment ties with India and other key markets.”
The expanded service portfolio will encompass fund management services for clients alongside investment advisory tailored for private banking and high net worth individuals.
Kumar also highlighted the VCC structure’s inherent flexibility, particularly in facilitating the rollout of new sub-funds. “This is a major advantage compared to previous structures, which often involved lengthy approval processes,” he explained. “Furthermore, the VCC structure ensures complete ring-fencing of sub-funds, which is another key benefit for our clients.”
Expressing his optimism about the future, Kumar concluded, “We believe the VCC structure offers tremendous potential, and we’re excited to leverage its flexibility to deliver exceptional value to our clients.”
This expansion into Mauritius positions Saral Group to play a key role in connecting businesses and investors across the globe, while simultaneously unlocking exciting investment opportunities in the African and Indian markets.
