About Semaris

Semaris owns and develops the non-hotel real estate assets formerly owned by New Mauritius Hotels Limited, with the principal objective of unlocking value from the available land bank located in Seychelles, Morocco and Mauritius

Semaris, previously known as Alto Development Ltd, is a public company incorporated on the 23 February 2018 in Mauritius, bearing business registration number C18153946, with its registered address located at Beachcomber House, Botanical Garden Street, Curepipe.

Semaris, through its various subsidiaries, develops essentially luxury residential real estate assets on this land bank and most of the properties will be sold to generate returns for its shareholders. The property assets aims to have a great appeal to High Net Worth Individuals, not only for the geographical position, but also for the quality proposed.

The construction will involve the flair of renowned architects and land developers to produce the most coveted, family-friendly residences that will delight the target client base.

 

The design incorporates the latest trends in the market, balancing suitability with elegance.

Semaris works closely with partners with whom they have a long-standing relationship. These players have considerable experience in property development, unique insights in design and architecture, as well as a pool of high-end clients that the partners can tap into to help realise their respective targets.

Leadership

Board Of Directors

Semaris will rely on the skills of its Board of Directors to create value out of the land bank.

The Board will bring a well-balanced set of skills to the company, ranging from finance to sales and marketing

Management

Semaris will have no employees. Instead, a management contract is in place between Semaris and New Mauritius Hotels Limited (NMH) to plan and execute the strategies of the Company.

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    Laurent
    PIAT (Born in 1978)
    Executive Director - Appointed in: November 2022
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    Karine Marie
    CURÉ (Born in 1978)
    Executive Director - Appointed in: July 2023
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    Stéphane
    POUPINEL de VALENCÉ (Born in 1978)
    Non-Executive Director - Appointed in: September 2018
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    Gilbert
    ESPITALIER-NOËL (Born in 1964)
    Non-Executive Director - Appointed in : February 2018
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    Thierry
    REY (Born in 1962)
    Non-Executive Director - Appointed in: November 2022
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    Paul
    TSANG MIN CHING (Born in 1963)
    Non-Executive Director - Appointed in: November 2022
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    Sidharth
    SHARMA (Born in 1974)
    Chairperson, Independent Non-Executive Director - Appointed in: December 2019
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    Youk Siane (Patrick)
    YIP WANG WING (Born in 1958)
    Independent Non-Executive Director - Appointed in: July 2023
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    Monisha
    BHEENICK-KALACHAND (Born in 1976)
    Independent Non-Executive Director - Appointed in: November 2022
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    Drishti
    HURRYBUNGS (Born in 1992)
    Executive Director - Appointed in: May 2024
Executive Director - Appointed in: July 2023
Karine Marie CURÉ (Born in 1978)
  • Qualifications

    Master of Science In Marketing (Paris Dauphine University, France), Postgraduate Diploma in Marketing and Communication (ISG Paris, France); Senior Executive Programme (INSEAD): Transition to General Management and Strategy Execution for Business Leaders

  • Professional Journey

    • Started her career in the field of advertising and communication in Paris.
    • Upon returning to Mauritius, worked in the tourism, leisure and hotels sectors as well as in Corporate Marketing & Communication
    • Former Chief Marketing & Communication Executive of Rogers & Co. Ltd
    • Joined NMH Group in February 2019 to lead the Brand & Communication strategies, CSR and Corporate Affairs
    • Chairperson of Fondation Espoir Développement Ltée

    Skills & Experience:
    • Extensive experience and proven track record in strategic brand building, marketing and corporate affairs
    • In-depth leadership skills with demonstrated success in leading teams
    • Strong community-based relations with a focus on driving meaningful and impactful change
    • Promotes and cultivates a collaborative environment where individuals feel encouraged and recognised

Non-Executive Director - Appointed in: November 2022
Thierry REY (Born in 1962)
  • Qualifications

    Diploma in Land Surveying

  • Professional Journey

    • Joined ENL in 1999 to create Espral, the ENL group’s first instrument for land management and development
    • Developed the master plan for Bel Ombre and the Moka area in the early 2000s along with an array of other property developments within ENL land and other landowners
    • Upon creation of ENL Property, he took on new responsibilities as Business Development Director and has been pushing, among others, for ENL’s entry in the green electricity sector

    Skills & Experience

    • Extensive experience in the real estate sector, including property sales, marketing and value assessments

    • Proficient negotiation skills.

Independent Non-Executive Director - Appointed in: July 2023
Youk Siane (Patrick) YIP WANG WING (Born in 1958)
  • Qualifications

    DEA in ‘Politique et Analyse Economique’, Maîtrise ès Sciences Economiques and in Econométrie (University of Dijon, France)

  • Professional Journey

    • Joined the Ministry of Economic Planning and Development as an Economist in 1985; moved subsequently to the Ministry of Finance
    • Appointed Director of Fiscal Policies in 2001. Led reforms of the taxation system, including customs tariff phase-down, VAT introduction, income taxation overhaul and creation of the Mauritius Revenue Authority
    • As Head of the Budget Strategy and Management Directorate, spearheaded the shift to Programme-Based Budgeting within a Medium-Term Macro-Fiscal Framework
    • Served as Deputy Financial Secretary for 7 years
    • Sat on the Board of Directors of several State bodies and companies, including the Stock Exchange Commission, the Mauritius Revenue Authority, SIC Ltd and also chaired the Statistics Board
    • Now retired from the Civil Service

     

    Skills & Experience:

    • Strategic foresight, planning skills and discerning thinking
    • Structured analytical approach to issues
    • Solid understanding of issues related to national development, macroeconomic stability, National Budget and fiscal sustainability
    • Extensive experience in public sector structures, rules and mechanisms

Independent Non-Executive Director - Appointed in: November 2022
Monisha BHEENICK-KALACHAND (Born in 1976)
  • Qualifications

    Master of Science in Accounting & Finance, London School of Economics; Bachelor of Science in Business Management & Finance, King’s College London; Securities and Financial Derivatives Representative (Securities Financial Authority, UK)

    Committee: Chairperson of the Audit and Risk Management Committee

  • Professional Journey

    • Started her banking and finance career at ABN AMRO Rothschild Bank, London as an equity trader on the Pan European desk and a business analyst on the MNC desk
    • Joined HSBC Corporate & Investment Banking in Mauritius in 2000, as Portfolio/Relationship
    Manager for MNCs, larger conglomerates and parastatal bodies
    • Recruited by Groupe Caisse d’Epargne in 2004 as Head of Corporate Banking to devise and implement the strategy for the launch of the Corporate Banking Department of Banque des Mascareignes
    • Joined Standard Bank Mauritius Ltd in 2009 as Business Development Manager for the MNCs and large African groups operating within the overall Standard Bank Group. Conducted several roadshows across South Africa with other professionals from the Mauritian Global Business industry to promote the jurisdiction’s attractiveness for hosting tax-efficient financing structures

    Skills & Experience:

    • Strong experience in corporate and investment banking, financial analysis and risk management across a wide spectrum of business activities
    • Leadership and team management skills

Executive Director - Appointed in: May 2024
Drishti HURRYBUNGS (Born in 1992)
  • Qualifications

    Fellow member of the Association of Chartered Certified Accountants, BA (Hons.) in Applied Accounting from Anglia Ruskin University

  • Professional Journey

    • Started her career at Ernst & Young in the Audit Department where she was involved in the audit of several listed companies in Mauritius
    • Worked in the Property cluster of Medine Ltd
    • Currently the Finance Manager at New Mauritius Hotels Limited working in the Hospitality and Property Cluster of the Company and Semaris Group


    Skills and experience:

    • Extensive knowledge in financial reporting and preparation of consolidated financial statements
    • Proficient in conducting feasibility studies
    • Strong background in auditing

Annual Report

Investors Corner

Financial Information