Richmax Group has officially launched its Travel & Tourism Division in Dubai, marking its entry into the Gulf market and initiating its international expansion strategy. This new venture is set to commence operations in July 2024, establishing Dubai as the cornerstone for Richmax’s broader ambitions in the GCC region.

Chairman Adv. George John Valath stated that this strategic move follows an extensive market evaluation across the UAE and other Gulf nations. He emphasized that it represents the first step in a long-term global vision for the company.

Founded in 2020 during the pandemic, Richmax Finvest, the group’s primary financial services arm, has seen rapid growth since its inception in Kalamassery, Kerala. The company has expanded its footprint across South India, Odisha, Delhi, and West Bengal, with ambitious plans to establish 1 000 branches by 2030 and transition into a Small Finance Bank by 2040.

Richmax Tours & Travels, launched in 2024, has quickly gained popularity with its curated international travel packages and expanding customer base. Following the opening of its second branch in Aluva in 2025, the company is now ready to expand globally with its Dubai outlet. Richmax plans to establish a presence in all Emirates of the UAE by the end of 2027 and across all GCC countries by 2030.

In addition to its tourism efforts, Valath Jewellers, another key division, continues to grow under the Richmax umbrella. With established showrooms in Kalamassery, Aluva Road, and Kanjur, the brand is set to expand further into Central Kerala and Tamil Nadu, with plans for a Dubai showroom as part of its aim to become a publicly listed company by 2028.

Richmax has also introduced Richmax Marketing & Consultancy, a strategic advisory arm that offers business consulting services to both internal and external clients.

The group is committed to community welfare through its CSR program “Sparsh,” which focuses on environmental sustainability, youth empowerment, women’s safety, and education. In 2024, Richmax planted over 1,200 saplings as part of its green initiative and reached thousands of students with its “I Stand Against Drugs” campaign. The “Bindhiya Mission” advocates for women’s safety, while the annual “Vidya Jyothi Awards” recognize academic excellence among students.

With the UAE launch serving as a crucial milestone, Richmax Group is positioned to become a significant player in the GCC, driven by innovation and a strong community-first philosophy.