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The future reimagined.

Beyond insurance, a leading Financial Services Group

Board Of Directors

Board Composition

The Board of Directors is a unitary Board composed of 11 Directors, chaired by a Non-Executive Director, who are all residents of Mauritius. The Board is broad-based and consists of individuals from different backgrounds with the right balance of skills, experience and diversity. There are no alternate directors on the Board of the Company.

Click here for an overview of our Board of Directors

Board of Directors

Mr Anandsing ACHARUZ
MSc in Financial Economics, University of London

Anandsing Acharuz is presently Deputy Financial Secretary at the Ministry of Finance, Economic Planning and Development. He has held various responsibilities and worked on a number of important development issues since joining the public service in 1996. He is responsible for, amongst others, the coordination and preparation of the National Budget and the formulation of policies and measures to ensure effective public finance management.

In view of his responsibilities, Mr Acharuz constantly engages with international organisations on policy measures to address issues and challenges facing the Mauritian economy. He also serves as Director on the Board of a number of public bodies and contributes to their effective financial management.


Mr Dev K GOPY
Diplôme d’Etude Approfondies (DEA) in Finance from Institut d’Administration des Entreprises (IAE), University of Montpellier II, France
Maîtrise in Financial Management from Institut d’Administration des Entreprises (IAE), University of Montpellier II, France
Qualified Stockbroker

Dev Gopy joined SICOM in 2001 after working for a leading local banking institution. He oversees investment management for the Group locally and overseas. He is also responsible for the loans, leasing, investment advisory and collective investment schemes businesses, as well as the operations of SICOM Global Fund Limited and
SICOM Management Limited.

Mr Gopy currently serves as Executive Director on the Boards of SICOM Financial Services Ltd and SICOM Management Limited. He is also a Director of Cyber Properties Investment Ltd and is a past Director of the Stock Exchange of Mauritius Ltd and the Central Depository and Settlement Co. Ltd.


Ms Maheswaree Naraini MADHUB
Diploma in Public Administration and Management, University of Mauritius
BSc Major in Biochemistry and Botany, Australian National University
Certificate on “La Bonne Governance et Réforme de l’État”,
Institut d’Administration Publique/Ecole Nationale d’Administration, France

Maheswaree Madhub is the Senior Chief Executive of the Ministry of Social Integration, Social Security and National Solidarity. She started her career in the public service in 1988 as Assistant Secretary. She has extensive experience in the field, having served in the Ministry of Agriculture and Natural Resources, the Office of the President, the Ministry of Finance and Economic Development, the Prime Minister’s Office (External Communications Division and Cabinet Office),

the Ministry of Industrial Development, SMEs and Cooperatives, and the Ministry of Housing and Land Use Planning.

Ms Madhub has been the Supervising Officer of the Ministry of Health and Wellness and Ministry of Agro-Industry and Food Security. She also served as Secretary to the Electoral Supervisory Commission and Electoral Boundaries Commission and has acted as Chairperson/Director in a number of statutory bodies and government-owned organisations.


Mr Varun Krishn MUNOOSINGH
BSc (Hons) Economics and Finance, University of Mauritius
MA Economics, University of Mauritius

Varun Krishn Munoosingh is currently an Assistant Permanent Secretary at the Prime Minister’s Office and is presently posted at the Private Office. 

He joined the Public Service in 2015 as Civil Status Officer. He was appointed Assistant Permanent Secretary in 2017 and was previously posted at the Home Affairs Division of the Prime Minister’s Office and the Ministry of Defence and Rodrigues. 

Mr Munoosingh is also a past Board Member of SBM Holdings Ltd and the Road Development Authority.

Mrs Nandita RAMDEWAR (Group CEO)
Fellow of the Association of Chartered Certified Accountants
Masters in Business Administration - specialisation in Finance, Manchester Business School
Fellow of the Mauritius Institute of Directors
Member of the International Fiscal Association (Mauritius)

Nandita Ramdewar took up the position of Group CEO in May 2021 after acting as Officer-in-Charge since August 2019. She was appointed to the SICOM Board in 2013.

She worked for a leading audit firm prior to joining the Group as Manager (Finance) in 1992. She has since held senior management roles in various business units and has served as Company Secretary, Deputy Group CEO and Chief Finance Officer. During her career, she has gained broad experience in insurance, strategy, finance, investments, financial services, corporate matters and other fields.

Mrs Ramdewar currently serves on the Boards of Directors of SICOM Financial Services Ltd, SICOM General Insurance Ltd, SICOM Global Fund Limited, SICOM Management Limited and National Housing Development Co. Ltd. She is also a past Chairperson of the Private Secondary Schools Authority and has been a Director of the Stock Exchange of Mauritius Ltd and Central Depository and Settlement Co. Ltd.


Mrs Ushalini SHEWRAJ
Master of Business Administration, University of Mauritius
MSc in Information Technology, University of Mauritius

Ushalini Shewraj started her career in the Public Service in 1999 as a Technical Officer at the Ministry of Agriculture. In 2002, she joined the Administrative Cadre and served as Assistant Permanent Secretary, mainly at the Ministry of Information and Communication Technology and the Prime Minister’s Office. 

She currently occupies the post of Deputy Permanent Secretary at the Ministry of Financial Services and Good Governance. She reckons more than 20 years of experience in Public Administration and Management. During her career, she has served on various Boards and Committees.


DTOS Ltd

DTOS is a leading corporate service provider operating in the Mauritian International Financial Centre for the last 30 years. Founded in 1993 and licensed by the Financial Services Commission, DTOS provides a comprehensive range of professional services including corporate and secretarial services, fund administration and accounting services.

DTOS has a substantial and diversified clients’ base that includes Fortune 500 multinationals, private equity firms, global banking institutions, financial powerhouses, institutional investors, family offices and High Net Worth individuals who enjoy a high degree of confidentiality established through Mauritian laws. Headquartered in the Republic of Mauritius with operational offices in the UAE, Kenya, Uganda, Rwanda (coming soon) and representative offices in China, India and France, DTOS is a leading regional expert providing tailor-made solutions to clients in Mauritius and worldwide.

Board of Directors

Mr Surendranath ANCHARAZ (Kiran)
Holder of an Executive MBA
Degree in Economics, Delhi University, India

Kiran Ancharaz joined SICOM General Insurance Ltd in 2019 after gaining more than twenty-two years of experience in the Insurance sector. He has a sound knowledge of General Insurance products, Underwriting, Claims and Marketing, among others. Kiran is well acquainted with most forms of distribution for insurance companies, while driving top line growth and profitability.
 
In his present post, Kiran is responsible for the management of the overall General Insurance Business operations of SICOM General Insurance Ltd.


Mr Anandjaye CHUMMUN

Anandjaye Chummun started his career at the Valuation Division of Ministry of Finance in 1979. ln 2010, his political engagement led him to new ventures and job prospects. Since, he has been an Adviser to the Minister of Social Security and acted as a Chairperson for the CSR SICOM Foundation.

Furthermore, throughout his career, Anandjaye Chummun has been an active member of his community where he was the delegate of Valuation Office Staff Association to GSA Union, was the President of Chamouny Progressive Football Club and currently he is the Vice Chairperson for the Film Censor Board.

Mr Chandrek DUSSOYE
Affiliate of Association of Chartered Certified Accountants
BSc (Hons) Business Management, University of Mauritius

Chandrek (Nitin) Dussoye has been working in the financial sector since 2000 as Business and Financial Consultant and Financial Analyst. He also has extensive exposure to private equity financing.


He currently works as Investment Executive at the State Investment Corporation Limited where he is involved in portfolio and investment management. He has participated in the implementation of several live projects in a fast-paced investment environment and gathered experience across several economic sectors. He is also Director of some companies within the SIC Group.

Mrs Nandita RAMDEWAR
Fellow of the Association of Chartered Certified Accountants
Masters in Business Administration - specialisation in Finance, Manchester Business School
Fellow of the Mauritius Institute of Directors
Member of the International Fiscal Association (Mauritius)

Nandita Ramdewar took up the position of Group CEO in May 2021 after acting as Officer-in-Charge since August 2019. She was appointed to the SICOM Board in 2013.

She worked for a leading audit firm prior to joining the Group as Manager (Finance) in 1992. She has since held senior management roles in various business units and has served as Company Secretary, Deputy Group CEO and Chief Finance Officer. During her career, she has gained broad experience in insurance, strategy, finance, investments, financial services, corporate matters and other fields.

Mrs Ramdewar currently serves on the Boards of Directors of SICOM Financial Services Ltd, SICOM General Insurance Ltd, SICOM Global Fund Limited, SICOM Management Limited and National Housing Development Co. Ltd. She is also a past Chairperson of the Private Secondary Schools Authority and has been a Director of the Stock Exchange of Mauritius Ltd and Central Depository and Settlement Co. Ltd.


DTOS Ltd

DTOS is a leading corporate service provider operating in the Mauritian International Financial Centre for the last 30 years. Founded in 1993 and licensed by the Financial Services Commission, DTOS provides a comprehensive range of professional services including corporate and secretarial services, fund administration and accounting services.

DTOS has a substantial and diversified clients’ base that includes Fortune 500 multinationals, private equity firms, global banking institutions, financial powerhouses, institutional investors, family offices and High Net Worth individuals who enjoy a high degree of confidentiality established through Mauritian laws. Headquartered in the Republic of Mauritius with operational offices in the UAE, Kenya, Uganda, Rwanda (coming soon) and representative offices in China, India and France, DTOS is a leading regional expert providing tailor-made solutions to clients in Mauritius and worldwide.

Mr Oomesh Sharma MAHADU

Fellow of the Association of Chartered Certified Accountants
Member of the Mauritius Institute of Professional Accountants (MIPA)

Oomesh Sharma Mahadu is the Finance Manager of Polytechnics Mauritius Ltd, a skills-based tertiary education institution under the aegis of the Ministry of Education, Tertiary Education, Science and Technology. He also plays a pivotal role in the development and deployment of many strategic initiatives of his organisation and contributes extensively towards the growth of Polytechnics Mauritius Ltd.

Mr Mahadu’s diversified professional experience spans over 17 years in fields such as accounting, auditing and financial
analysis. He worked more than 8 years in Big 4 Accounting Firms (Deloitte Middle East and EY) both internationally and locally. In addition, he has well-rounded financial expertise in real estate, construction, aviation, education, manufacturing & textiles, financial services, heavy industries, oil & gas, energy, mining, not-for-profit organisations, sports, IT companies, marketing & multimedia and trading in Mauritius and abroad.

Board of Directors


Mr Dev Kumar GOPY
Diplôme d’Etude Approfondies (DEA) in Finance from Institut d’Administration des Entreprises (IAE), University of Montpellier II, France
Maîtrise in Financial Management from Institut d’Administration des Entreprises (IAE), University of Montpellier II, France
Qualified Stockbroker

Dev Gopy joined SICOM in 2001 after working for a leading local banking institution. He oversees investment management for the Group locally and overseas. He is also responsible for the loans, leasing, investment advisory and collective investment schemes businesses, as well as the operations of SICOM Global Fund Limited and SICOM Management Limited.

Mr Gopy currently serves as Executive Director on the Boards of State Insurance Company of Mauritius Ltd, and SICOM
Management Limited. He is also a Director of Cyber Properties Investment Ltd and is a past Director of the Stock Exchange of Mauritius Ltd and the Central Depository and Settlement Co. Ltd.

Mrs Nandita RAMDEWAR (Group CEO)
Fellow of the Association of Chartered Certified Accountants
 Masters in Business Administration - specialisation in Finance, Manchester Business School 
 Fellow of the Mauritius Institute of Directors 
Member of the International Fiscal Association (Mauritius)

Nandita Ramdewar took up the position of Group CEO in May 2021 after acting as Officer-in-Charge since August 2019. She was appointed to the SICOM Board in 2013.

She worked for a leading audit firm prior to joining the Group as Manager (Finance) in 1992. She has since held senior management roles in various business units and has served as Company Secretary, Deputy Group CEO and Chief Finance Officer. During her career, she has gained broad experience in insurance, strategy, finance, investments, financial services, corporate matters and other fields.

Mrs Ramdewar currently serves on the Boards of Directors of State Insurance Company of Mauritius Ltd, SICOM General Insurance Ltd, SICOM Global Fund Limited, SICOM Management Limited and National Housing Development Co. Ltd. She is also a past Chairperson of the Private Secondary Schools Authority and has been a Director of the Stock Exchange of Mauritius Ltd and Central Depository and Settlement Co. Ltd.

Mrs Subashini RAMA
FCCA
 
Subashini Rama is presently Director, Economy and Finance, at the Ministry of Finance, Planning and Economic Development.  She has contributed for over 15 years to strategies and reforms in the sectors of education, labour market, ICT, Research and Innovation, and trade and business facilitation. 
 
In previous roles, she has been responsible for managing the portfolio of the National Pension Fund and the National Savings Fund and for undertaking management audits in various public sector organisations. In the trade and business facilitation space, she has worked on a number of projects with development partners on licensing reforms, e-judiciary and the setting up of the National E-Licensing platform. 
 
She has been active in the design and implementation of national innovation schemes and has been part of the Steering Committee of several IT projects on the digitisation of public services.  She also serves as Director on the Board of a number of public bodies.


DTOS Ltd

DTOS is a leading corporate service provider operating in the Mauritian International Financial Centre for the last 30 years. Founded in 1993 and licensed by the Financial Services Commission, DTOS provides a comprehensive range of professional services including corporate and secretarial services, fund administration and accounting services.

DTOS has a substantial and diversified clients’ base that includes Fortune 500 multinationals, private equity firms, global banking institutions, financial powerhouses, institutional investors, family offices and High Net Worth individuals who enjoy a high degree of confidentiality established through Mauritian laws. Headquartered in the Republic of Mauritius with operational offices in the UAE, Kenya, Uganda, Rwanda (coming soon) and representative offices in China, India and France, DTOS is a leading regional expert providing tailor-made solutions to clients in Mauritius and worldwide.