MDR Investments, an arm of Maser group, has announced a significant expansion into the luxury yacht sector in Nigeria and Africa by securing a $200 million funding approval for large-scale acquisitions.
The founder of the Maser Group, Prateek Suri, said the strategic move with the approval of funds by its board underscores the firm’s commitment to diversifying its investment portfolio across high-growth industries on the continent.
Suri said by stepping into the world of opulence and high-seas commerce, Maser group investing in a fleet of luxury yachts will redefine business trading with sophistication and exclusivity.
He emphasized that these floating masterpieces will not just be vessels of trade but symbols of power, elegance, and seamless global connectivity.
“Designed to blend cutting-edge technology with timeless luxury, they will serve as private deal-making sanctuaries for the elite where billion-dollar negotiations unfold against the backdrop of endless horizons. This venture is more than an investment; it’s a statement of prestige, influence, and limitless ambition on the world’s most luxurious waters,” Suri said.
The investments
MDR Investments’ entry into the luxury yacht market aligns with its broader strategy to invest in high-growth sectors.
The recent $200 million funding approval for large acquisitions is expected to expand the firm’s portfolio and strengthen its position as a major player in the region’s investment landscape.
“With this strategic investment, Maser group is not just fueling the growth of luxury yacht trading they are redefining the very landscape of elite global commerce. These companies will stand at the intersection of power, prestige, and profitability, where every transaction is sealed amidst unparalleled luxury and discretion.
As the world’s wealthiest individuals and corporations seek bespoke trading solutions, Maser’s vision will set new standards for high-end business on the seas.”
The firm said that the move brings more than an investment; it’s the creation of a legacy—one that sails beyond borders, driven by ambition, elegance, and limitless opportunity.
Prateek Suri, also the founder of Maser Group, has built a formidable reputation in the consumer electronics and technology sectors in AFRICA and popularly known as “Technology tiger of Africa”.
The company’s valuation soared beyond $5 billion following its acquisition by SCG Asia in 2024, propelling Suri to the forefront of Africa’s wealthiest individuals with a net worth of $1.4 billion.
MDR Investments has been actively targeting large-scale projects in sectors such as mining, infrastructure, shipping, and artificial intelligence (AI). The firm’s focus on frontier technologies has facilitated strategic partnerships and investments, bolstering its influence across Africa and beyond.
Suri’s journey from a modest upbringing in Delhi to becoming a billionaire is a testament to his entrepreneurial spirit and strategic vision.
Under Suri’s leadership, Maser Group achieved a valuation exceeding $5 billion, establishing itself as a leader in Africa’s tech landscape.
His innovative approach was recognized with the Investment Leader of the Year award at the Gulf Business Awards 2024, highlighting his contributions to Africa’s economic development.
Olusola Akintonde
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