Since its establishment over 27 years ago in 1996, FALIM Group Private Limited has been actively providing a diverse range of products and services to meet the needs of various segments of the Maldivian population.
Despite starting from modest beginnings, the company has achieved significant growth in terms of its output value, number of employees, and asset value. Today, FALIM Group is a well-established investment and management company that
manages several successful subsidiaries, including ICS Maldives Private Limited, MAPS Maldives Private Limited, Moodhu Holidays Maldives Private Limited, and Haza Construction Private Limited.
Notwithstanding its substantial growth over the past decades, the primary objective of the company has remained unchanged: to provide a wide range of high-quality services through its various establishments.
A key objective of FALIM Group Private Limited is to provide a wide range of quality services through the various establishments owned by the Company.
FALIM’S PORTFOLIO OF OPERTAIONAL AND NON-OPERATIONAL HOLDINGS
ICS Maldives Private Limited, incorporated in the Maldives (previously know as Insight Consultancy Services). ICS Maldives Private Limited was also the first ever investment made by Mr Mohamed Ali, who is one of the Directors / Shareholders of FALIM Group Private Limited.
The MAPS College (previously known as the Modern Academy for Professional Studies) is an establishments under MAPS Maldives Private Limited, which is incorporated in the Maldives. MAPS College, has won the President’s National Award and is the longest serving private higher education provider for ACCA, ABE, CTH, Edexcel and UoB in the Maldives.
Moodhu Holidays Maldives Private Limited is incorporated in the Maldives and is one of the recent investments of FALIM Group, aims to provide its clientele the best of Maldives by offering “hassle free” vacation experience they will remember.
HAZA Construction Private Limited is incorporated in the Maldives and is the youngest yet the fastest growing investment of FALIM Group, which has the capacity to handle any type or scale of construction project, as is reflected in its slogan “No job is too big or small, we can do it!”.
“Amina” is a brand name developed by FALIM Group to market and promote its real estate business including Amina Residency, a guest house managed by FALIM Group, and apartments leased from number of buildings developed by its subsidiary HAZA Construction Private Limited.
Amina Residency, established in 2019, offers accommodation ranging from budget rooms to luxury rooms with elegant interiors, luxurious comforts and views of the city and the Maldivian seas. Located in one of the prime locations in Male’, the guesthouse is within walking distance from most of the commercial banks and government offices.
AMINA Premium Lounge, situated on the 11th Floor of AMINA Residency is a members’ only lounge for AMINA Premium Club members. The Lounge is operated based on a unique model whereby access to the Lounge and its services are for only members. Club membership is complementary and will be awarded through an invitation from AMINA.
Qrocery is a wholesale and retail business investment, established under FALIM Group Private Limited. Qrocery was established initially to contribute in the efforts to alleviate the difficulties experienced during COVID lockdown by locals in obtaining their daily groceries with emphasis on online ordering and home delivery.
The MAPS International High was an establishments under MAPS Maldives Private Limited. The School was established with the aim of providing quality higher education on par with international standards and was an approved and recognized campus by Edexcel. After few years of successful operation, the School is no longer in operation.
ICON Computers was an establishment of ICON Computers Maldives Private Limited, incorporated in the Maldives, which has now ceased its operations.
ICON Computers Lanka Private Limited was incorporated in Sri Lanka as a subsidiary of ICON Computers Maldives Private Limited. With the discontinuation of the operations of ICON Computers Maldives Private Limited, ICON Computers Lanka Private Limited also discontinued its operations.
ICS Lanka Private Limited was incorporated in Sri Lanka as a BOI company and a subsidiary of FALIM Group Private Limited. Its operations have been discontinued.
HAZA Construction Hong Kong Private Limited was incorporated in Hong Kong as a subsidiary of FALIM Group Private Limited, with the main purpose and aim to cater for the souring of goods and materials for the group as a whole and in particular souring construction materials for projects undertaken by HAZA Construction Private Limited. The company is no longer operational.
Workflow Technologies International Private Limited, incorporated in the Maldives, was a subsidiary of FALIM Group Private Limited, which has now discontinued its operations.
Toys World was a chain of retail outlets, dedicated to wholesale and retail of children toys, operated with three major outlets in Male’ and agents in the atolls. Toys World was operated as a direct establishment under FALIM Group Private Limited, which has now discontinued its entire operations.
10 by 10 Pharmacy was a chain of pharmacies , with two outlets in Male’, operated as a direct establishment under FALIM Group. The business of Number 10 Pharmacies was discontinued.
Body Style was a modern gym operated as a direct establishment under FALIM Group Private Limited, which has now discontinued its operations.