1. Could you start by introducing Aurevya Wealth Limited and explaining its core mission within Mauritius’s financial services sector?
Aurevya Wealth was established in 2012, so we’re now in our 13th year of existence. The company was created with my South African partner at the time, with the idea that Mauritius, being a regional hub with international aspirations, needed a more boutique, tailor-made approach to financial services.
Many companies operate on a fixed, template-based model. We wanted to be different: to take time to understand each client’s unique needs and design bespoke structures, such as trusts or governance frameworks, that fit their specific situation.
We believe in serving fewer clients but giving them greater attention to detail and deeper understanding. Over time, Aurevya has grown beyond being a company, we’ve become an ecosystem, a members’ club of sorts, where we connect our clients with each other, creating opportunities for collaboration and shared success.
2. Your group, Kundomal & Co, has an impressive investment footprint in the UAE through Gulf Management Services. How did this partnership between Mauritius and the UAE come about?
Around 2017–2018, Mauritius was reviewing its global business Category 2 structure, and there was some uncertainty at the time. We conducted jurisdictional due diligence to find alternatives for clients who needed light corporate structures, and Ras Al Khaimah emerged as a promising option.
We reached out, flew there, and met the team at RAK-ICC. The then-Chairman, Sheikh Hamad Al Qassimi, personally visited our offices in Mauritius and presented our incorporation documents. That gesture reflected the Emirati value of personal connection, which resonates deeply with Mauritian culture.
Since then, our ties have strengthened. During COVID-19, while I was in Dubai, I discovered wellness treatments, hyperbaric oxygen therapy, NAD drips, ozone therapy, that were not available in Mauritius. This inspired us to bring those therapies home, leading to the creation of Atelier Clinic, licensed in 2022 by the Ministry of Health and Quality of Life. We now have two clinics in Mauritius, one in Grand Baie and another in Floreal.
Building on this, we are also launching Sanatan Dharma Private Wealth, the first Hindu faith-based financial services company, inspired by the UAE’s example of Islamic banking. Twenty percent of its profits will go to Sanatan Dharma-related philanthropies.
We chose the DIFC in Dubai to host this initiative because of its world-class regulatory environment and global reach. Dubai truly is a hub where global projects can thrive.
3. You also partnered with Emirati investors in the petroleum sector. Could you tell us more about this collaboration and its strategic importance?
Absolutely. We have partnered with the Al-Fahim family, one of the UAE’s most prominent business families, in establishing a refinery called AFK Petroleum in Sharjah’s Al Hamriyah Free Zone.
This partnership worked seamlessly because Mauritians and Emiratis share similar cultural values, mutual respect, integrity, and a long-term vision. It wasn’t forced; it evolved naturally through trust and shared understanding.
4. Aurevya Wealth and its partners have successfully launched ventures such as Atelier Clinic with Dubai-based collaborators. How do these reflect your broader vision for cross-border business development?
Our goal is to build synergy between Mauritius, a regional hub bridging Africa and Asia, and the UAE, a global hub connecting Europe, Asia, and Africa. It’s a “one plus one equals three” strategy: leveraging regional strengths with global scale.
For Mauritian companies to grow, they must go global, and the UAE is the ideal partner to help them do that. The Emirates’ experience, networks, and visibility can elevate regional players like us to the global stage.
5. Mauritius is known as a trusted international financial center. How does Aurevya Wealth differentiate itself in wealth management and corporate structuring?
We specialize in corporate structuring, and our hallmark is a bespoke approach. Compliance today revolves around “Know Your Customer” (KYC), but we go a step further with “Understand Your Customer.”
It’s not just about ticking regulatory boxes, it’s about ensuring that our vision and values align with those of our clients. We take the time to build relationships before providing any structure or advice. We don’t offer off-the-shelf solutions; everything is tailored.
6. Your company operates in several UAE jurisdictions, Sharjah, Ras Al Khaimah, and the DIFC. What advantages do these hubs offer, and how do they complement your Mauritian base?
Each jurisdiction offers distinct opportunities. For example, Sharjah’s Al Hamriyah Free Zone provides a refinery ecosystem with port access, something Mauritius doesn’t have.
Meanwhile, Mauritius offers investment potential in areas like the ocean economy, which could interest Emirati investors. Working across these hubs gives us access to new markets, diverse opportunities, and a stronger regional footprint.
7. With your experience bridging both markets, how do you see the Mauritius–UAE corridor evolving in trade, finance, and investment?
The relationship will only deepen. Mauritius already allows the opening of dirham accounts, showing the level of financial connectivity.
We see huge potential in logistics, port development, and trade using Mauritius as the gateway to Africa and the UAE as the gateway to the GCC. Connectivity between our two nations, both by air and by shared mindset, is already strong, and it’s growing.
8. The Gulf region is rapidly diversifying through initiatives like Dubai’s D33 and Saudi Vision 2030. How can Mauritian firms contribute to or benefit from these transformations?
As these economies diversify, they’re expanding the “investment cake.” Mauritius can contribute through sustainable projects, especially in the ocean economy, an area where we have natural resources but need international expertise.
We also propose creating a Mauritius–Emirates Business Chamber to strengthen collaboration, encourage co-investment, and facilitate knowledge exchange.
9. Sustainability, family wealth preservation, and digital finance are reshaping the wealth management landscape. How is Aurevya adapting to these global trends?
Sustainability and ESG criteria are now integral to business and family governance. Without sustainable income, neither companies nor families can have a long-term vision.
At Aurevya, we help clients understand and adopt sustainability principles in their financial planning. However, the rise of artificial intelligence is changing the definition of sustainability, career plans, income sources, and even business models may evolve drastically in the next five years.
We believe wealth management must now incorporate AI’s potential impact into long-term sustainability planning.
10. Finally, what message would you like to share with Khaleej Times readers, especially investors in the Gulf, about Mauritius as a gateway to Africa and beyond?
I would invite Gulf investors to view Mauritius as a partner in their African expansion strategy. We are bilingual, English and French, and understand both the Anglophone and Francophone regions of Africa.
Mauritius enjoys neutrality and trust across the continent. We are well-received from Egypt to South Africa, and we understand both African and Middle Eastern business cultures. This makes us an ideal bridge between the two regions.
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