In almost a quarter of a century, HYVEC Partners Ltd has emerged from a modest construction company into a leading Grade A building and civil engineering construction company in Mauritius. Its impressive track record ranges from the Melrose Prison, valued at MRU 2.2 Billion to commercial malls, upmarket houses, high-rise office buildings, luxurious villas, universities, schools, and other prominent landmark buildings.
In 2011, the company, under the leadership of its founder, Mr. Nawaz Khan Chady, started its diversification strategy with the incorporation of Hyvec Investments Ltd. In a period of five years, the Group, comprising a diversified portfolio of companies, has successfully expanded its economic footprint and is now structured around four pillars namely, Property & Construction; Retail & Distribution; Food; Leisure & Hospitality.
Property & Construction, however, remains the backbone of the Group which has a substantial land bank for development. In the meantime, the other pillars are being nurtured to provide resilience to the Group in the foreseeable future.
The group recorded a turnover of MUR 1.7 billion (USD 57million) in 2013. This achievement enabled the group to rank 55th in Business Magazine’s yearly top 100 companies of the Republic of Mauritius, 2014 edition. It improved its ranking in the Magazine in the following years 53rd (2015 Edition) and finally to 50th (Last edition ~2016).