Richmark Holdings – An Introduction
Richmark Holdings is a diversified investment holding company dedicated to promoting South African entrepreneurial talent and business ventures. In 2000, Gavin Varejes, a businessman, philanthropist and Richmark’s current CEO, founded Richmark with the vision of enriching South African society by assisting promising entrepreneurs in beginning innovative businesses from scratch. Focused on the individuals behind the businesses, Richmark is driven by the maxim, “About people, not business.”
Mr. Varejes originally established Richmark Holdings as a venture capital organization dedicated to early-stage investments in the telecommunications industry. Toward this end, Richmark invested in innovative start-up organizations that showed promise and ingenuity in their ideas and potentials.
Richmark Holdings Today
Richmark has undergone a significant transformation since its original establishment nearly fifteen years ago. Its initial focus on telecommunications has been diversified to include investments in: digital advertisement and branding, commercial companies, real estate and corporate social responsibility. This diversification has brought important benefits to Richmark Holdings in terms of knowledge gained and access to a broad range of resources across several industries. As a result, Richmark currently has a significant advantage over its less diversified competition, and is able to offer its clients the benefits of this advantage.
Since its founding, Richmark has also changed significantly in relation to its guiding mission; whereas it was originally concerned with early-stage start-up investment opportunities, today, Richmark’s focus is on already established businesses that have operated successfully for at least two years. In spite of this change, Richmark continues to maintain its overarching goal of facilitating South African economic expansion through the creation of jobs, the empowerment of people and the provision of the funding required to sustain emerging ventures.
Richmark’s original industry of focus, today Richmark Holdings invests in telecoms companies that provide comprehensive mobile or Internet communications solutions. Current investments include: iBurst, One Communications and Vo-Call Cellular.
Current investments include: SA POP, Bluchip Media and Bright Blue Studios.
The commercial quadrant of Richmark’s investments includes a highly varied conglomerate of companies that provide a range of services including spa treatments, safety deposit box rentals and providers of online news. Current investments include: iPulse Systems, Knox Titanium Vault Co., LiveLife Loyalty Programs, PCMA, Planet Beach, Specialised Services Group (SSG) and World Wide Advisory Services.
Notably, South African Rugby Legends Association was established by Richmark’s founder and CEO, Mr. Varejes, and is a charity that improves the lives of impoverished community members through sport.
In 2007, Richmark sold its interest in Cellfind (Pty) Ltd to Blue Label Telecoms.
Further Information about Richmark Holdings:
Richmark Holdings website
Richmark Holdings LTD | South African Venture Capital