---
title: "PHD Developing Markets Holdings Limited — Ownership Dossier"
canonical: https://whiteintel.dev/entity/8929f857-54a0-5bb9-9717-e5086f07ea12
json: https://whiteintel.dev/api/public/dossier/8929f857-54a0-5bb9-9717-e5086f07ea12
identifier: icij:icijol-82020079
jurisdiction: MU
risk: High
source: WhiteIntel corporate-ownership graph
---

# PHD Developing Markets Holdings Limited

**Type:** Company  
**Jurisdiction:** MU  
**Identifier:** `icij:icijol-82020079`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/8929f857-54a0-5bb9-9717-e5086f07ea12  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/8929f857-54a0-5bb9-9717-e5086f07ea12  

## Ownership & control

### Owners / controllers

- **PROACTIS OVERSEAS LIMITED** (shareholder of) — https://whiteintel.dev/entity/2bd6a760-9b6c-5ecd-88e3-1199e50fe91b
- **PROACTIS HOLDINGS PLC** (ultimate beneficial owner of) — https://whiteintel.dev/entity/4bf02f52-a75a-5275-b4e7-3dd965abb30b

### UBO chain (walk to the ultimate owner)

A **12-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**2** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/82020079

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **PHD Developing Markets Holdings Limited**. Human view: https://whiteintel.dev/entity/8929f857-54a0-5bb9-9717-e5086f07ea12 · Structured JSON: https://whiteintel.dev/api/public/dossier/8929f857-54a0-5bb9-9717-e5086f07ea12._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._