HV Holdings Ltd operates in Mauritius and Madagascar. With more than 3,500 employees, the Group is among the Top 100 companies in the Indian Ocean. HV Holdings Ltd is actively involved in the International trade, Retail & Distribution and Property sectors
our journey
Hematlal Veljee started his business in the 1970s, specialising in the trade of textile and haberdashery in Antananarivo, Madagascar, his homeland. Driven by his passion for the profession, he demonstrated perseverance despite all the challenges faced at the time.
Later, in the 1990s, he was joined by his two sons, Sanjeev and Roupesh. Their father’s excellent reputation gave them access to the necessary resources to develop the family business, diversify their activities while remaining attentive to market needs and customers’ expectations. After the demise of Hematlal Veljee in 2001, Sanjeev and Roupesh moved to Mauritius, where they set up HV International Ltd, in memory of their father. Since then, the Group has strengthened its market position by perfecting and growing its core business activities and adapting to new market trends.
The values of resilience and simplicity passed on by Hematlal Veljee helped transform what was originally a simple shop into a well-established conglomerate.
In 2022, led by the rapid growth in the manufacturing and trading clusters, Sanjeev and Roupesh decided to restructure the activities into two holding companies: HV Industries Ltd regroups all the manufacturing entities in Madagascar under Sanjeev’s direction, while Roupesh oversees the other entities under HV Holdings Ltd.
The historic FMCG distribution activities as well as property development in Madagascar are jointly managed by the two brothers. Both HV Industries Ltd and HV Holdings Ltd remain committed to their social engagements on the respective territories through The Hematlal Veljee Foundation.
making everyday life better!
purpose & values
We put our values into practice on a daily basis. As one team with diverse backgrounds and ideas, working towards a common purpose, we believe that togetherness is one of our strongest values. We are open and respectful towards differing points of view and we strive for excellence in everything that we do. We are determined to make things happen, work towards our goals and fulfill our purpose.
OUR VALUES
Togetherness
Humility
Excellence
Determination
OUR ATTITUDES
Simplicity First
Positivity
Adaptability
Given the extent of our business activities, we are acutely aware and concerned about the environment, which is why we are focused in improving our sustainable actions towards preservation. As we grow in size and business operations, our concern towards the maintenance and improvement of life in general is proportional.