Our history

190 years of entrepreneurship and growth  

IBL’s story is one of entrepreneurship, transformation and growth. It is also the story of the many people who have shaped the group over the past 190 years.


From our origins in Mauritius’ historic shipping and sugar industries in the 1830s, IBL has become one of the region’s largest diversified groups. We work across nine clusters in 18 countries worldwide. IBL now has 24 404 team members, making us one of Mauritius’ largest employers. We are answerable to over 12,500 shareholders.   

  1. 1830
  2. 1939
  3. 1970
  4. 1972
  5. 2008
  6. 2016
  7. 14th July 2016
  8. 2018
  • Ireland Fraser and Blyth Brothers are first founded.

  • Joseph Lagesse acquires the Mon Loisir H.E. Ltd sugar refinery in northeastern Mauritius.

  • Cyril Lagesse establishes the Compagnie d’Investissement et de Développement Ltée.

  • Blyth Brothers and Ireland Fraser merge to create Ireland Blyth Ltd.

  • CIDL and Desme merge to create GML Investissement Ltée.

  • GML Investissement Ltée and Ireland Blyth Ltd amalgamate to become IBL Ltd.

  • IBL is listed on the Stock Exchange of Mauritius. It is also among the first 13 Mauritian companies to be listed on the Stock Exchange of Mauritius Sustainability Index. 

  • Revenue from IBL companies totals MUR 37.1 billion. The group’s market capitalisation is the largest in Mauritius outside of the banking sector. 

IBL House Caudan Waterfront, Port Louis, Mauritius

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