The sole purpose of Sifainge Co-operative is to develop welfare facilities, increase social support and contribute to the welfare fund. The company’s strategic approach to increase the wellness was achieved through the development of its businesses.

It has been documented that trading amongst and within the soldiers of Maldives National Defence Force existed even before the 1950s. Soldiers traded tobacco, razors, blades and other essential goods, as it was difficult for them to purchase these from outside while on duty.

History shows that the first managers of these small establishments were Ranvikkaa Dhonkalayfaanu, Feridhoo Dhonthuththu and Mohamed Haaji Dhonthuththu.

The name Kaaki was given to this business, as this was the color of the uniform that they used. Individual shares were sold at MVR 10/- per share for those interested. Nevertheless, Prime Minister Ibrahim Nasir bought back all the shares in 1960s and registered a company called “Sifainge Ekuveri Kunfuni” which later became a household name “SEK”, of which all the serving personnel were declared as shareholders. Prime Minister himself was the first Chairman of the company and, trading on a systematic method followed this change.

SIFCO MAIN BUSINESSES

Retail

Currently we have 13 outlets; 8 in Male’ and 5 in MNDF areas. Over 50% of the company’s profits are generated from the retail business. The company has 4 shops in Male’, and 5 more across the country. In addition, food and beverages area is widened into two cafeterias operated in both headquarters in Male’

Based on sales percentage, Kaaki Family Mart has been generating the most profit in the past years. The services of the shop are open to MNDF personnel and families. The broad market of Family Mart allows the company to serve the families of MNDF personnel

Catering

This includes providing catering services to all MNDF personnel on daily basis. The venture started with one headquarters and later was expanded to all MNDF headquarters based in Male. The catering services given is currently one of the largest in the country

We also provide cafeteria services in Kalhuthukalaa Koshi and Bandeyri Koshi soldiers. In addition, restaurant services are also run at Senahiya Military Hospital.

Apart from providing mess room services, we engage in conducting ceremonial catering services for MNDF events. We also provide food and beverages to all coast guard vessels. Further, special catering services are provided to any disaster related victims should the request come from National Disaster Management center.

Senahiya

Senahiya Military Hospital was inaugurated on 16th of September 2012 by Defense minister of India, his Excellency Mr. Shri.A.K. Anthony. Located at the eastern side of Male’ city, the Military hospital provides necessary health care services for employees of Maldives National Defense Force, Maldives Customs Service, Maldives Police Service and Maldives Immigration.

The daily operations of the hospital management were changed to a new board in 2018.

We provide specialists services in the areas of Internal medicine, Cardiology, Respiratory functioning, Orthopedics, Dentistry, Psychiatry, Pediatrics, and gynecology. Further, Senahiya Military Hospital also conducts diagnostic services in several areas. Currently, X-ray, physiotherapy, Ultra sound scan, ECG, echo tests, Lunch function tests and laboratory services are available at the hospital. Senahiya Military Hospital has an Emergency room, admission ward and also provides treatment for emergency services. On 19th October 2014, Senahiya Military Hospital introduced its first eye clinic in collaboration with Eye Care. The hospital also monitors its pharmacy which is outsourced.

Senahiya Military Hospital currently has more than 100 employees who are daily monitored and regulated daily by responsible supervisors. Our hospital is managed in accordance with the policies of the regulatory authorities of the Maldives and in line with the internationally set health standards.

Real-estate

Until recently, real-estate business has been a small portion of the company’s business model. However, with the inauguration of “MNDF Housing Units” the approach towards real-estate has been strategically changed. The project is directly linked to the livelihood of 300 families. Therefore, managing the construction of such an immense project under the later pressure was a challenging venture.

With limited knowledge and technical strength within the company, the project was outsourced and followed through in all stages of the project. The process of managing construction related elements had given the company additional knowledge and created a wider opportunity to carry on such projects in the future.

Fireworks

Venturing into the business in 2014, we provide fireworks services and products to local businesses, government authorities and private individuals. The corporative had conducted major fireworks events held in the country including 2016, 2017. 2018 and 2019 New Year fireworks which was conducted in more than 40 locations at the same time. SIFCO was also a major participant in the fireworks event held on the occasion of ‘Sinamale bridge’ Opening ceremony which was conducted by Grucci.

Bageecha