Max Groupis an Indianconglomerateheadquartered inNew Delhi,operating in the fields of life insurance, healthcare, hospitality, real estate andindependent senior living.[4]It was founded in 1985 byAnaljit Singh.[1]
 | |
| Company type | Public |
|---|---|
| Industry | Conglomerate |
| Founded | 1985 |
| Founder | Analjit Singh |
| Headquarters | Max 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 |
|
| Website | www |
Max Group companies includeMax Life Insurance,Max Financial Services,Max Ventures and Industries,Max India, Max Specialty Films, Max Estates, andAntara Senior Living.[5]
History
editMax Group traces its origin to the company inherited byAnaljit Singhin 1985, following the death of his father Bhai Mohan Singh, founder of pharmaceutical companyRanbaxy 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 forpenicillin.[6]In 1993, the group ventured into telecommunications by forming a joint venture withHutchison Asia Telecom Group,called Max Telecom. Max Telecom was later sold to Vodafone and becameVodafone India.[7]The group shifted its focus from being aB2BtoB2Ccompany in 2000, by foraying into the fields of healthcare and life insurance.[8]Max Life Insurancewas founded in 2000, followed byMax Healthcarein 2001, andMax Bupain 2008.
Structure
editThreepublicly listedholding companies fall under Max Group:Max Financial Services,Max Ventures and IndustriesandMax India.The three holding companies have their own separate subsidiaries. The structure is as follows:
Max India
- Antara Senior Living (senior living)
Max Financial Services
Max Ventures and Industries
- Max Estates (commercial and residential projects)
- Max Asset Services (real estate services)
- Max Specialty Films (packaging films)
- Max I. Limited (venture capital)
Governance and financials
editThe group is led byAnaljit Singhand 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..[11]
References
edit- ^abAug 2019, ET Now | 07; Ist, 09:51 Pm."Max Group has absolutely no plan to exit life insurance business, says Analjit Singh"– via economictimes.indiatimes.
{{cite web}}:CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link) - ^"Max India Limited Reports Strong Q3FY2020 Financial Results; Max Healthcare's EBITDA of Rs. 121 Cr., Grows 92%".
- ^"About Us".Max Group.
- ^Thacker, Teena (30 April 2019)."Analjit Singh offers exit to Max shareholders, plans new businesses".Livemint.
- ^Reporters, B. S. (16 January 2016)."Max India wraps up three-way demerger".Business Standard India– via Business Standard.
- ^Kumar, Rohit; Dutta, Swarup Kumar (2019)."Max India Group: How to Create a Culture of Maxism?".Emerging Economies Cases Journal.1(1–2): 43–51.doi:10.1177/2516604219889241.S2CID213866627.
- ^Shauvik Ghosh (10 February 2012)."Analjit Singh to be chairman of Vodafone India".Livemint.Retrieved1 May2020.
- ^Barman, Arijit (22 January 2018)."Max India: KKR set to back Max India promoter Analjit Singh with Rs 2,000-crore liquidity infusion - The Economic Times".The Economic Times.Economictimes.indiatimes.Retrieved1 May2020.
- ^"Max India to venture into new verticals after divesting insurance, healthcare business".29 April 2019.
- ^"Max India shares to trade ex-demerger from 27th Jan".@businessline.20 January 2016.
- ^"Max Financial Services H1FY20 Consolidated Revenue Grows 10% to Rs. 8,635 Cr.; Max Life Reports Strong Growth in Sales, Value of New Business and Margin".Outlookindia.Retrieved1 May2020.