VISION Investments Limited and the broader Vision Group have celebrated two major corporate milestones, marking 20 years since the group’s formation and a decade as a publicly listed entity on the South Pacific Stock Exchange (SPX).
The dual anniversary event brought together state officials, board directors, and shareholders to reflect on the group’s transition from a private partnership into a public asset.
Speaking at the gathering, Vision Group chairman Navin Patel detailed the significant scale of the operations, revealing the company now commanded a combined annual turnover of approximately $375 million, with shareholder funds reaching $275 million.
“These numbers are important, but they also tell a powerful story,” Mr Patel said.
“Behind each of our 1750 team members is a family, a household and a future connected with the success of our business. This is a real measure of our achievement.”
However, Mr Patel also addressed government processes, pointing out a lingering operational gap regarding regulatory timelines for developments, permits, and licensing.
“A delayed approval often means a delayed investment, a delayed project, a delayed job opportunity and ultimately a delayed economic recovery for the region,” Mr Patel said, calling for greater administrative urgency.
In response, Deputy Prime Minister and Minister for Industries, Commerce and Business Development Manoa Kamikamica acknowledged the feedback, and said the Government had spent the last four years endeavouring to clear pathways to make doing business easier.
Mr Kamikamica noted the group’s decision to go public a decade ago.
“The importance of being listed on the South Pacific Stock Exchange goes well beyond a company’s own balance sheet. Listings affect the businesses we know to the rigors of public accountability and discipline,” the DPM said.
He also emphasised the structural link between the retail giant’s financial performance and the national workforce, given that the Fiji National Provident Fund (FNPF) remained the entity’s single largest institutional shareholder.
“That means every single working Fijian who contributes to FNPF is in a very real sense part owner of this group. Your success is their success. Your dividends fund their retirement.”
For the financial year ended March 2026, the group’s listed division reported a net profit after tax of $17.67 million, with total assets standing at $314 million.
