The Mauritius Investment Corporation Ltd is a private company limited by shares which was established by the Bank of Mauritius, as the sole shareholder, in June 2020, in  the wake of the COVID-19 pandemic. Its mission at the time was to invest and support domestic companies operating in key economic sectors affected by the pandemic.

Since January 2025, the MIC has reviewed its strategy to focus on recouping and safeguarding its investments and assets, while operating independently within a strict governance structure. This has been driven by the fact that almost all of the companies to which funds have been disbursed have successfully weathered the pandemic, making commendable recovery, and achieving robust operational turnarounds, thus demonstrating resilience.