The Malabar Tourism Cooperative Ltd was established and started its operations on 15/02/2000 to carry out various tourism projects in the Malabar region by observing the scope of tourism in the region. The unique cultural identity, natural beauty, warm climate, and especially the tourism development potential of the Malabar area gave the Malabar Tourism Cooperative Ltd the confidence to start the tourism activities in the Malabar region without a second thought.

The Malabar Tourism Cooperative Ltd aimed to undertake various projects of high quality and international standards, such as industry-standard amusement parks, hotels, resorts, and Ayurvedic centres. As a first step, it was decided to start a water theme park at Parassinikkadavu, Kannur. Now being one of the best place to visit and the best tourist park in Kannur, Kerala, Vismaya Amusement Park came into reality after some deliberate efforts, grander supervision, and admirable leadership.

The main attractions are the variety of rides, the picturesque beauty of nature, and the sincere attitude of the staff that gave Vismaya the wings to fly, establish an impeccable reputation in the industry, and make awe-inspiring progress to date.

Currently, Vismaya makes available numerous rides in three main categories, including Dry Rides, Water Ride, and Kids Ride and this makes Vismaya the best place to visit in Kannur. These rides being a major attraction in Kannur entertains visitors of ages and help visitors fully enjoy their trip to this water theme park with their family, friends, and colleagues.Vismaya is also one of the best educational tourist parks in Kannur for entertaining kids.