Rank 1

Dhiraagu

Dhivehi Raajjeyge Gulhun Public Limited (Dhiraagu) was established in 1988 as the country’s sole telecommunication service provider in the Maldives. The two substantial shareholders of Dhiraagu are, BTC Islands Limited (Batelco) holding 52% of the shares, and the Government of the Maldives holding 41.8% of the shares. The remaining 6.2% of shares are held by the general public. 

Dhiraagu caters to over half a million customers, and employs 99% trained qualified Maldivians present in 9 strategically located operating centers across the country. 

Over three decades of excellence and a proven record of success, the company continues to lead the market, holding a superior market position on high value segments such as mobile, enterprise and fixed broadband.  

With over MVR2.4B in Revenue in 2020, Dhiraagu made a total Net Profit of MVR 732 M, and ranks first as the highest profit making SOE in 2020.