Sector: Conglomerate
IBL Ltd, formerly known as Ireland Blyth Limited, is a prominent diversified conglomerate based in Mauritius. Established in 1972 through the merger of Blyth Brothers & Co. Ltd and Ireland Fraser & Co. Ltd, the company has evolved into one of the largest business groups in the region.
Financial Performance:
In the fiscal year ending June 30, 2024, IBL Ltd achieved a significant milestone by surpassing MUR 100 billion in revenue for the first time, reaching MUR 102 billion. This remarkable growth was primarily driven by the consolidation of newly acquired subsidiaries in East Africa and Réunion Island, as part of the Group’s “Beyond Borders” strategy, along with double-digit growth in existing operations. Over 50% of the revenue for this period was generated internationally, underscoring the success of its regional expansion efforts. The Group’s EBITDA increased by 46% to MUR 10.0 billion, and operating profit rose by 27% to MUR 5.4 billion, with profit after tax at MUR 5.9 billion.
Leadership:
IBL Ltd is led by a dedicated team of professionals:
- Arnaud Lagesse: Chief Executive Officer since 2016, he has been instrumental in steering the company towards its strategic objectives.
- Christine Marot: Serving as the Chief Technical Officer since 2020, she oversees the technical and operational aspects of the Group.
- Patrice Robert: As the Chief Operating Officer since 2018, he manages the day-to-day operations, ensuring efficiency across the Group’s diverse sectors.
The Board of Directors includes individuals with extensive experience and expertise, contributing to the company’s governance and strategic direction.