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British American Investment Co. (Mtius) Ltd
       
 
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British American Investment Co. (Mtius) Ltd
 
 
Overview: 

British American Investment Co. (Mtius) Ltd is one of the most innovative and dynamic investment holding companies in Mauritius. It offers a wide range of superior products and services based on ethical and socially responsible business practices.

British American Investment currently holds investments in over 50 companies under three divisions - Financial Services, Commerce & Industry and Services. We are a rapidly expanding USD 500 million turnover Group managing USD 1 billion assets with an established presence of 40 years in Mauritius. Ranked the second largest group in Mauritius in 2010, we continue to have robust expansion plans.

We proudly serve over 200,000 families through our local operations. Our presence also spreads across several countries including South Africa, Madagascar, Kenya, Dubai, France and Malta. The secret of our success is a genuine focus on our people. It underlies everything we do.

We believe that investing in them allows us to bring our most innovative solutions to our clients, backed by the strength of our distribution system both in the retail and financial service sectors. We continuously endeavour to stand out from the competition and our success lies in re-defining excellence in terms of the services and products that we offer while at the same time anticipating the client needs of tomorrow’s world.
History: 

1969    British American Insurance opens branch in Mauritius
     
1990    Insurance business locally incorporated.
     
1992    IPO of British American Insurance on the Stock Exchange of Mauritius.
     
1997    Acquisition of The Mauritius Leasing Company Limited and British American Insurance in Kenya and Malta.
     
1999    Opening of British American Mortgage Finance House.
     
2000    Launch of Western Union, acquisition of First Brokers and Agritec Car Rental.
     
2001    - Acquisition of Budget Tours (now Solis Indian Ocean), News International and
  Ireko Design & Construction.
- Opening of IDC (International Dealership Company) which represents SAAB in Mauritius.
     
2003    - British American Insurance’s peripheral investments streamlined and the Group restructured under a
  new holding company, British American Investment Co. (Mtius) Ltd.
- British American Investment Co. (Mtius) Ltd replaces British American Insurance on  the
  Stock Exchange of  Mauritius.
- Merger of Malta operations with local company, Globe, into GlobalCapital plc, which is listed on the
  Malta Stock Exchange.
- Opening of MarCom promotional agency.
     
2004    - Acquisition of Iframac, a leading local vehicle dealership.
- IPO of Mauritius Leasing on Stock Exchange of Mauritius.
- Opening of BATC, local representative of Malaysian Airlines.
     
2005    - Acquisition of Courts, the leading household goods retail chain in Mauritius and Madagascar.
- BA Kenya acquires stake in Equity Bank (Kenya).
- Launch of Bramer Asset Management.
     
2006    Joint venture signed with Apollo Hospitals Group (India) to build the Apollo Bramwell Hospital in Mauritius.
     
2007    - Banking licence granted in Mauritius.
- Equity Bank and BA Kenya invest in Kenya Housing Finance Corporation.
- IDC (International Dealership Company) gets exclusive representation of Princess Yachts in Mauritius.
     
2008    - Acquisition of South East Asian Bank (subsequently rebranded to Bramer Banking Corporation)
  in Mauritius.
- Equity Bank (Kenya) acquires Microfinance Bank Ltd in Uganda.
- British American Insurance Co. (Mtius) Ltd rebranded to BAI Co. (Mtius) Ltd.
- Acquisition of ‘Agence Generale de Commerce Ltee’, the distributor of ‘Continental’ tyres.
     
2009    - Opening of Apollo Bramwell Nursing School.
- Opening of Apollo Bramwell Hospital, a 200-bed tertiary care hospital.
- The first Islamic Banking licence granted for Century Banking Corporation Ltd
   (formerly Deen Banking Corporation) in Mauritius.
- Qatari investors buy 49% of Bramer Banking Corporation and 60% of Century Banking Corporation Ltd.
     
2010    - Introduction of first real estate leasing product in Mauritius
- Launch of Bramer Global Trade Limited
- Apollo Bramwell Hospital introduces stem cell therapy programme
     
2011    - BA Investment becomes a wholly-owned subsidiary of Seaton Investment
- Launch of Harley Davidson Mauritius
- Construction of Bramer House in Ebène
- BAI Kenya is listed on the Stock Exchange of Kenya
     
2012    - Mauritius Leasing amalgamated with Bramer Bank
- Bramer Bank listed on Stock Exchange of Mauritius
- Apollo Bramwell Hospital launches Harley Davidson emergency motorbikes
- Courts amalgamated with Iframac


 
 
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