https://www.yadavsitaram.com/blog Long-form, cited write-ups on Mauritian companies: valuation models and forensic accounting, every figure traced to the filing it came from. en-gb Sat, 19 Sep 2026 20:00:00 +0400 https://www.yadavsitaram.com/blog/how-ibl-makes-money https://www.yadavsitaram.com/blog/how-ibl-makes-money Sat, 19 Sep 2026 00:00:00 +0400 A full breakdown of IBL Ltd, Mauritius' largest company by revenue: how consolidation, associates and the ownership pyramid shape the Rs 120.8bn headline, where the four clusters actually earn, how the Beyond Borders strategy works, and how the money flows from the customer to the shareholder. https://www.yadavsitaram.com/blog/analysing-the-bai-collapse https://www.yadavsitaram.com/blog/analysing-the-bai-collapse Thu, 10 Sep 2026 00:00:00 +0400 The 2015 BAI / Bramer collapse in Mauritius decoded from the nTan forensic report, chapter by chapter: each technique named, drawn and matched to the statute it would be tested under. Rs 51 billion went in, Rs 8 billion was left. https://www.yadavsitaram.com/blog/mauritius-hotel-comps https://www.yadavsitaram.com/blog/mauritius-hotel-comps Wed, 02 Sep 2026 00:00:00 +0400 A trading comparables valuation of New Mauritius Hotels (Beachcomber) against Sun, Lux Island Resorts, Constance and five other listed Mauritian hotel companies, every figure from audited filings.