Since 1975, SICOM’s tenacity and innovative spirit have enabled it to diversify and establish itself as one of the key providers of local financial services. Now in its fiftieth year, the company’s vision of excellence, marked by its AAA rating, is fully embodied in its latest integrated annual report, whose financial year ended June 30, 2024.
In its latest integrated annual report, SICOM reports a solid financial performance, underlined by remarkable growth and strategic agility. The results speak for themselves, with Group sales reaching Rs 4.3 billion, with revenues of Rs 2.9 billion in the insurance sector, and Rs 964.1 million in other activities.
These financial results clearly illustrate the effectiveness of the strategy implemented, with funds under management amounting to Rs 81 billion, total assets reaching Rs 28.6 billion and pre-tax earnings of Rs 1.2 billion, despite the widespread sectoral impact of IFRS 17. “Above all, this performance reflects the commitment of our employees, our customer-centric approach, and our ability to achieve our strategic ambitions,” confides Nandita Ramdewar, CEO of the SICOM Group.
SICOM is aiming for more than just good results. “We are shaping a future that is sustainable, inclusive and highly digitally focused,” she adds. This is evidenced by the Group’s first-ever Sustainability Report and the initiatives put in place for sustainable governance that creates value for shareholders, customers, employees and partners!
