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In 1944, a private company, Espitalier Noël Limited, ENL, was founded, in which the main components of the family business, in particular its shareholding in the two sugar estates mentioned above, were brought together. The company started to diversify into other sectors such as commerce, manufacturing and finance, in the late fifties.
With the setting up, in 1969, of its investment company, General Investment & Development Co Ltd, GIDC, ENL has developed a wide-ranging and dynamic investment strategy. As a result, it presently holds an attractive portfolio of shares in local blue companies and a substantial stake in prominent business groups such as Rogers, Beachcomber and Food & Allied Industries. Some of the main subsidiaries of ENL, namely Mon Désert Alma Ltd, Savannah Sugar Estate Co Ltd and GIDC were among the first companies to be listed on the Stock Exchange of Mauritius in 1989.
ENL has remained at the forefront of the evolution in the economic, social, business and legal environment in Mauritius, in particular the diversification of the economy into non-sugar activities. The ENL Group consists of over 20 companies employing more than 5 000 people and covers the main business sectors of agriculture, manufacturing and services.