Updated on: July 25, 2025

ER Group: The Evolution of ENL & Rogers

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ER Group: The Evolution of ENL & Rogers




Following the landmark restructuring announced earlier this year, the merger between ENL Limited and Rogers & Company Limited has now entered its next phase with the official launch of ER Group. This new corporate identity marks the completion of one of Mauritius’ most significant business transformations to date.

Previously operating under the provisional name NewENLRogers, the consolidated entity now moves forward as ER Group, unifying both groups’ operations, investments, and strategic ambitions under one brand. The group’s name reflects the legacy of both ENL and Rogers while signaling a new era of integrated growth and streamlined governance.

What Has Changed?

  • New Identity: The group is now officially called ER Group, replacing the transitional name NewENLRogers.
  • Leadership: Gilbert Espitalier-Noël remains Group CEO, while Philippe Espitalier-Noël leads the Finance, Hospitality & Travel, Logistics, and sustainability pillars.
  • Structure: As before, ER Group consolidates major operations and investments, including shares in Swan, New Mauritius Hotels (NMH), and Eclosia, with listings on the Stock Exchange of Mauritius.




ER Group’s Strategic Vision

The rebranding to ER Group is more than cosmetic—it signals the group’s commitment to:

  • Agility and efficiency through simplified structures.
  • Regional growth and innovation.
  • Partnership opportunities for local entrepreneurs and SMEs across sectors.

If you missed our in-depth breakdown of the original restructuring plan, you can read it here:
👉 ENL and Rogers Restructure to Form NewENLRogers

ER Group: Subsidiary Companies by Business Segment

Following the merge of ENL and Rogers, ER Group has become Mauritius’ largest conglomerate with over 7,400 employees across 13 territories. Here’s a streamlined overview of the key subsidiary companies organized under each main business segment.

1. Agribusiness

Primary Focus: Agricultural operations, sugar production, and food processing

Key Subsidiaries:

  • ENL Agri Limited – Main agricultural operations and sugar cane cultivation
  • Agrex Limited – Agricultural supplies and equipment distribution
  • Field Good Fresh Foods Limited – Vegetable production and marketing
  • Mon Désert Alma Sugar Milling Company – Sugar processing operations
  • ESP Landscapers Limited – Leading landscaping services provider

2. Real Estate

Primary Focus: Property development, smart cities, and commercial properties

Key Subsidiaries:

  • ENL Property Limited – Smart city development and property management
  • Moka Smart City Management Limited – Operations of Moka Smart City
  • Savannah Smart City Limited – Second smart city development project
  • Ascencia Limited – Operates 7 major shopping malls including Bagatelle Mall and Phoenix Mall
  • Bagatelle Estate and Gentilly Estate – Premium residential developments

3. Hospitality & Travel

Primary Focus: Hotels, resorts, and travel services across multiple countries

Key Subsidiaries:

  • Rogers Hospitality Operations Limited – Main hotel and resort operations
  • Rogers Aviation Holding Company Limited – Aviation services, Veranda Tamarin Limited- Veranda hotel brand operations
  • Heritage Events Company Limited – Heritage brand events and hospitality
  • BlueSky Travel – Corporate and leisure travel services

4. Logistics

Primary Focus: International freight, shipping, and supply chain solutions

Key Subsidiaries:

  • Velogic Holding Company Limited – Main logistics operations with 36 offices in 6 countries
  • Rogers Shipping Private Limited – Leading maritime transportation services
  • Velogic Kenya and Velogic India – Regional logistics operations
  • Mechanical Transport Limited – Heavy transportation services
  • R’Frigo – Specialized air transport for perishables




5. Finance

Primary Focus: Financial services, corporate solutions, and technology

Key Subsidiaries:

  • Rogers Capital Limited – Main financial services holding company
  • Rogers Capital Finance Limited – Consumer credit and leasing services
  • Rogers Capital Corporate Services Limited – Corporate fiduciary services
  • Rogers Capital Technology Services Limited – IT and technology solutions

6. Commerce & Manufacturing

Primary Focus: Retail, distribution, and manufacturing operations

Key Subsidiaries:

  • ENL Commercial Limited – Main commercial and distribution operations
  • Axess Limited – Multi-brand vehicle dealership
  • Plastinax Austral Limited – Eyewear manufacturing specialist
  • Rennel Limited – FedEx courier services provider
  • Emblem Paints Limited – Paint manufacturing and distribution

7. Technology & Energy

Primary Focus: Sustainable energy solutions and technology innovation

Key Subsidiaries:

  • EnVolt Limited – Renewable energy development
  • Suntricity Limited – Solar energy solutions
  • Turbine Incubator Limited – Technology start-up incubation
  • Workshop17 Workspace Solutions – Flexible workspace solutions

Notable Strategic Holdings

ER Group also maintains significant stakes in major companies:

  • New Mauritius Hotels (22.9%) – Major tourism industry player
  • Swan General (29.47%) – Financial services provider
  • Eclosia – Food, retail, and hospitality conglomerate




As ER Group sets its sights on the future, businesses across Mauritius should stay informed and engaged. This transformation not only impacts the corporate landscape but also opens the door to new opportunities in logistics, hospitality, financial services, and beyond. This structure represents one of the Indian Ocean region’s most comprehensive business ecosystems, with operations spanning from traditional agriculture to cutting-edge technology solutions.

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