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Axian Group
Axian Group controls operating businesses in telecommunications and financial services across Madagascar and pan-African markets.
Axian Group
Axian Group was established as an operating fund focused on African markets. Hassanein Hiridjee serves as CEO while Amin Hiridjee acts as co-founder. The structure centers on wholly owned subsidiaries rather than external fund commitments. The firm holds operating businesses in telecommunications, financial services, and energy. Confirmed positions include Axian Telecom with its 17,200 km fiber network, BNI Madagascar, MVola, Jovena, and a 50 percent stake in WeLight. TowerCo of Africa sits under Axian Telecom. Geographic reach covers Madagascar and pan-African operations in Ivory Coast and Egypt. Limited partner interests appear in Djamo and MaxAB through Axian Investment. The firm lists 1,000 million USD in assets under management in internal records. It maintains the AXIAN Foundation for health and education projects and Fondation H for contemporary African art. A sponsorship at GITEX Africa occurred in May 2024. Ownership flows through Axian Group Ltd and dedicated entities such as Axian Energy and Axian Digibank & Fintech. The architecture keeps control inside the operating companies rather than through third-party vehicles.
General information
Firm type
Operating Fund
Year founded
—
AUM
Undisclosed
Location
Region
Africa
Country
Madagascar
City
Antananarivo
Corporate office
—
Principals
Hassanein Hiridjee
CEO
Amin Hiridjee
Co-founder
Sector focus
Frequently asked questions
Who runs investment decisions at Axian Group?
Hassanein Hiridjee serves as CEO. Amin Hiridjee participates as co-founder. Decisions route through the operating subsidiaries rather than a separate investment committee.
Does Axian Group participate in fund commitments or only direct deals?
The firm holds direct ownership in operating companies. Limited partner positions exist in Djamo and MaxAB via Axian Investment.
What investment stages does Axian Group typically target?
Holdings include mature operating businesses and early-stage positions such as Djamo. Ticket sizes range from 0.5 million to 100 million USD according to internal parameters.
Where does the underlying wealth come from?
No public disclosure identifies the original wealth source. The firm operates as an owner of subsidiaries in telecom, banking, and energy.
Does Axian Group maintain philanthropic structures, and how are they separated?
The AXIAN Foundation supports health and education projects. Fondation H focuses on contemporary African art exhibitions. Both operate as separate entities from the investment holdings.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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