Mauritius

Employees

1

• Third-party revenues

  $0

• Related-party revenues

  $4,930,740

• Total revenues

  $4,930,740

• Profit before tax

  $4,927,791

• Corporate income tax paid

  $208,170

• Corporate income tax accrued

  $182,020

• Stated capital

  $268,241,055

• Accumulated earnings

  $85,729,086

• Tangible assets

  $0

• Other payments to governments

  –

Shell's footprint

Shell has been active in Mauritius since 2002. Shell has holding companies in Mauritius, which have investments in India and the Cayman Islands. The Indian oil and gas business was part of the BG Group acquisition in 2016 and is run by BG Exploration and Production India Limited (BGEPIL), an entity established in the Cayman Islands. BGEPIL's production-sharing contract with the Indian government ended in December 2019. BGEPIL is now decommissioning the production facility in India.

Shell Overseas Investment B.V. (SOI B.V.), a wholly owned subsidiary of Shell plc, acquired Solenergi Power Private Limited, Mauritius (SPPL) in 2022 and with it, the Sprng Energy group of companies. Sprng is a leading renewable energy platform in India which develops and manages solar and wind power facilities and infrastructure. SOI B.V. also acquired Daystar Power Group in 2022, which provides renewable power to businesses and consumers across Nigeria and in Mauritius.

Country financial analysis

The statutory corporate income tax rate in Mauritius is 15%. For part of its income, Shell fulfils the conditions to claim a tax exemption which reduces the effective tax rate to 3%.