About Us

Discover MPFE

About Us

Overview of MPFE Activities

Company Overview

The Mauritius Post Foreign Exchange Co. Ltd (MPFE) was incorporated as a private company limited by shares on the 26 October 2017, with the Mauritius Post Ltd (MPL) as its sole shareholder. The motive for initiating this company was to offer Foreign Exchange Services to the public in Mauritius. In this context, the MPFE applied for a Foreign Exchange Dealer’s License and same was eventually approved and granted by the Bank of Mauritius in December 2017 after adhering to the set of Criterion imposed by the latter.

As a Foreign Exchange Dealer, the Company is authorized to offer Money Transfer, Money Exchange and Wire Transfer Services at its dedicated Outlets of Post Offices. The Company’s main focus is on Customer Centricity, ensuring that customers are being provided with good quality of service and satisfaction at all levels. In addition, as an ease of accessibility to all prospective customers, the MPFE is ensuring its presence in all regions of the Mauritius, and be closer to their doorstep.

MISSION

To be recognized as a “Best in Class” provider of foreign exchange services in the region.

VISION

To be the Foreign Exchange Dealing Company that best addresses customer needs in terms of quality, competitive pricing and enhanced accessibility.

VALUES

  • We value Integrity, Honesty and Team work.
  • We embrace change, technology and innovation.
  • We recognise and reward individual contributions.
  • We embrace diversity in the way we conduct business.
  • We aim to contribute positively to our community and environment through CSR programs.
  • We have a passion and commitment towards our customers and will meet their specific needs through excellent service.

Our Board Members

Mr. Vireshwar Rambhujun - Chairman
Mr. Vireshwar Rambhujun
Chairman
Mr. Jayram Naggea - Managing Director
Mr. Jayram Naggea
Managing Director
Mrs. Marie Sandrine Joelle Valere - Non Executive Director
Mrs. Marie Sandrine Joelle Valere
Non-Executive Director
Mr. Aniketsing Mundloll - Independent Director
Mr. Aniketsing Mundloll
Independent Director

MPFE Management Team

Mr. Jayram Naggea - Managing Director
Mr. Naggea Jayram (Holder of ACIB & MBA General)
Managing Director

The Strategy Expert. A well-motivated and pragmatic personnel with 34 years of experiences in the Financial Services Sector in both Management and Senior Management Positions. Started his career as a Branch Manager, Mr. Jayram Naggea was very immersed and dedicated to his career growth. And at present, being the Managing Director of Mauritius Post Foreign Exchange Co. Ltd, he is currently excelling in the Strategic development of the Company.

Anup Ramprosand - Compliance Officer
Anup Ramprosand (Holder of BSc Hons Banking with International Finance)
Compliance Officer

An experienced and Pro-active Compliance Officer/Money Laundering and Reporting Officer with 8 years of experience in the field. He joined the company in November 2018 and is very dedicated in ensuring a safe and sound financial environment as well as the strict adherence to AML/CFT rules and procedures as imposed by the Bank of Mauritius and other Financial Regulatory Bodies in Mauritius.

B.R. Ravish Jagesur - Operations Officer
B.R. Ravish Jagesur (Holder of BSc Hons Financial Services with Law)
Operations Officer

A highly dedicated Operations Officer with the right attitude to getting things done. Mr. B. R. Jagesur is a Strategic Thinker with 9 years of experience in Finance, Administration, and Marketing at the MPFE’s Parent Company, the Mauritius Post Ltd. He joined the MPFE as Operations Officer in 2021 and has been fully involved in strategy formulation, implementation, and ensuring the fluidity and smooth running of the company’s Operations. He also acts as Deputy Money Laundering and Reporting Officer in the absence of the Money Laundering and Reporting Officer.

Management Support Officers

A Professional Team of Management Support Officers who assist the Management Team in executing decisions, strategies and help in the smooth running of Forex Operations.

  • Namratah Ramtohul
  • Drishti Ramtohul
  • Bibi Taranum Nuhaa Hossamdee
  • Keshree Nowlotha Nunkoo
Management Support Officers​
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