Max Group

Max Group is an Indian conglomerate headquartered in New Delhi, India, operating in the fields of life insurance, healthcare, hospitality, real estate and independent senior living.[4] It was founded in 1985 by Analjit Singh.[1]

Max Group
TypePublic
IndustryConglomerate
Founded1985 (1985)
FounderAnaljit Singh
HeadquartersMax House, New Delhi, India
Area served
India
Key people
Analjit Singh (group chairman)[1]
Rahul Khosla (group president)
Mohit Talwar(group vice-chairman)
Products
Revenue US$3.2 billion[2] (2019)
Number of employees
27,000 (2019)[3]
Subsidiaries
Websitewww.maxgroup.in

Max's subsidiaries include Max Healthcare, Max Bupa, Max Life Insurance, Max Financial Services, Max Ventures and Industries, Max India, Max Speciality Films, Max Estates, Antara Senior Living.[5]

History

Max Group traces its origin to the company inherited by Analjit Singh in 1985, following the death of his father Bhai Mohan Singh, founder of pharmaceutical company Ranbaxy Laboratories. Then named Max India (same as that of the current publicly-listed Max Group company), it started life as a manufacturer of an active drug compound for penicillin.[6] In 1993, the group ventured into telecommunications by forming a joint venture with Hutchison Asia Telecom Group, called Max Telecom. Max Telecom was later sold to Vodafone and became Vodafone India.[7] The group shifted its focus from being a B2B to B2C company in 2000, by foraying into the fields of healthcare and life insurance.[8] Max Life Insurance was founded in 2000, followed by Max Healthcare in 2001, and Max Bupa in 2008.

Structure

Three publicly listed holding companies fall under Max Group: Max Financial Services, Max Ventures and Industries and Max India. The three holding companies have their own separate subsidiaries. The structure is as follows:

Max India

Max Financial Services

Max Ventures and Industries

  • Max Estates (commercial and residential projects)
  • Max Speciality Films (packaging films)
  • Max I. Limited (venture capital)

Governance and financials

The group is led by Analjit Singh and a board of directors. Each holding company under the group operates independently and has its own board of directors and shareholders.[9][10] In 2019, the group posted revenues of $3.2 billion. Some of the companies that hold investments in the group include The Vanguard Group, International Finance Corporation, Kohlberg Kravis Roberts, and New York Life Insurance Company.[11]

References

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