SICOM

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

Mr Nureshkumar (Ashok) Prayag

Fellow of the Faculty of Actuaries, Edinburgh, Scotland, UK
BSc (Hons) Actuarial Mathematics & Statistics, Heriot-Watt University, Edinburgh, Scotland, UK

Mr Ashok Prayag was appointed Chairman in March 2025. Mr Prayag was a former laureate and has over forty years of experience in the financial and insurance sectors.

In the 1990s, he played a key role in the African expansion of the local branch of Munich RE, the German insurer. Prior to that, he served as the Controller of Insurance, the former regulatory authority overseeing the insurance sector under the aegis of the Ministry of Finance.

In 2014, Mr Prayag founded Quantum Insurance, the first Mauritian insurance company to offer fully online services. He has also served on the boards of several leading organisations, including the Sugar Insurance Fund Board, the Mauritius Sugar Syndicate, and the State Bank of Mauritius, among others.

Board of Directors

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.

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.

Mr Anandsing Acharuz
Masters in Financial Economics, University of London

Mr Anandsing Acharuz is presently the acting Financial Secretary at the Ministry of Finance.

Mr Acharuz has held various responsibilities and worked on a number of important development issues while contributing to the socio-economic development of the country since joining the public service in 1996.

He has been 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 to improve public service delivery and supervising reforms in various sectors of the economy.

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 has a thorough understanding of the economic, financial, fiscal, monetary, social and human resource policies.

He also serves as Director on the Board of a number of public bodies, for instance, the Mauritius Telecom Ltd, the Projects Development Fund and Airports of Mauritius Co Ltd and contributes to their effective financial management and good governance.

Ms Maheswaree Naraini Madhub 

Ms Maheswaree Madhub is currently the Senior Chief Executive of the Ministry of Social Integration, Social Security and National Solidarity.  She holds a BSc Major in Biochemistry and Botany from the Australian National University, a Diploma in Public Administration and Management from the University of Mauritius and a Certificate on “La Bonne Governance et Réforme de l’Etat from Institut Administration Publique/l’Ecole Nationale d’Administration.


She started her career in the Public Service in 1988 as Assistant Secretary.  She has wide experience in the Public Service, having served in the following Ministries namely: Ministry of Agriculture and Natural Resources, Office of the President, Ministry of Finance and Economic Development, Prime Minister’s Office (External Communications Division) and (Cabinet Office), Ministry of Industrial Development, SMEs and Cooperatives and Ministry of Housing and Land Use Planning.  She has served as Supervising Officer to the Ministry of Health and Wellness and Ministry of Agro-Industry and Food Security.  She has also served as Secretary to the Electoral Supervisory Commission and Electoral Boundaries Commission and has served as Chairperson/Director in a number of Statutory Bodies and Government owned Organisations.

Mrs Isabelle Valérie Duval

Mr Sean Oliver Men Foong Lew Kew Lin

Mr Mohammad Junaid Sairally 

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.