About
the company
The
Beginning
It was the need for such a unique fuel
distribution system that triggered the constitution of FSM.
State
Trading Organization PLC., the colossus of
trade in the nation imports marine gas oil, gasoline and kerosene
into the country and had no major position with regards to the
distribution as there were and still are a number of distributors
large and small. However, ST O with an ambition to form
partnerships with private entities to facilitate a promising
business environment and pave the way to incorporate 21st
century corporate style into today’s local businesses, looked into
the prospects of forming partnerships with the distributors then.
S T O
invited most of the distributors for a screening process through
which Vara Maldives Pvt Ltd and Royal Enterprises Pvt Ltd were
selected.
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STO
Aifaanu Building where Fuel Supplies Maldives is housed |
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It was envisioned that all three entities coming together
had the potential to develop a powerful distribution network
offering better rates than previously to clients. Further, the
combination would expand the fleet of vessels that would form the
hub of the company. The venture would create unparalleled
competition challenging the quality of service to increase and new
trends for corporate businesses with a global view would be set.
Thus Fuel Supplies Maldives Pvt Ltd was established on
January 01, 2001 with the blessings and good grace of Allah.
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