Dubai:Richmax Group, a rapidly growing Indian business conglomerate, is making its foray into the Gulf market with the launch of its Travel & Tourism division’s new branch in Dubai, set to open in July 2025. This marks the first phase of the group’s international expansion strategy.Chairman Adv. George John Valath announced the expansion during a press meet in Dubai, stating that the group aims to establish a presence across all GCC countries by 2026. The move follows a detailed market analysis of business opportunities across the region.
Founded during the pandemic in 2020, Richmax Finvest grew rapidly from its base in Kalamassery, expanding across South India, Odisha, Delhi, and West Bengal. The long-term goal is to establish 1,000 branches by 2030 and transition into a Small Finance Bank by 2040.Richmax Tours and Travels, established in 2024, has already gained attention for its unique international tour packages. The Aluva branch opened in 2025, and now the Dubai branch marks its next milestone.
The group also runs Valath Jewellers, aiming to become a public limited company by 2028. New showrooms are being developed across Central Kerala and Tamil Nadu, with a Dubai branch in the pipeline.Additionally, Richmax Marketing and Consultancy provides strategic business solutions for internal and external clients.Richmax Group remains committed to corporate social responsibility through its CSR wing ‘Sparsh’, promoting environmental initiatives, anti-drug awareness campaigns, women empowerment programs, and academic awards like the Vidya Jyoti Puraskaram. In 2024 alone, the group planted 1,200 saplings and reached thousands of students with its awareness drives.
