Max Group is an Indian conglomerate headquartered in

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...

, operating in the fields of life insurance, healthcare, hospitality, real estate and

independent senior living Independent senior living communities (also known as retirement communities, senior living communities or independent retirement communities) are housing designed for seniors 55 and older. Independent senior living communities commonly provide apa ...

. It was founded in 1985 by

Analjit Singh Analjit Singh (born 11 January 1954) is the founder chairman of Max Group, a conglomerate with interests in life insurance, healthcare, and real estate. He is also the founder of Leeu Collection, an international collection of boutique hotels. ...

. Max Group companies include

Max Healthcare Max Healthcare Institute Limited is an Indian hospital chain based in New Delhi and a part of Max Group. Max Healthcare owns and operates healthcare facilities across Delhi National Capital Region, as well as one hospital each in Mohali, Bath ...

Max Life Insurance Max Life Insurance Company Limited (formerly known as Max New York Life Insurance Company Limited) is an Indian life insurance company headquartered at New Delhi, and the largest non-bank private-sector life insurer in India. It is a 80:20 joint ...

, Max Financial Services, Max Ventures and Industries, Max India, Max Specialty Films, Max Estates, and Antara Senior Living.

History

Max Group traces its origin to the company inherited by

in 1985, following the death of his father Bhai Mohan Singh, founder of pharmaceutical company

Ranbaxy Laboratories Ranbaxy Laboratories Limited was an Indian multinational pharmaceutical company that was incorporated in India in 1961 and remained an entity until 2014. The company went public in 1973. Ownership of Ranbaxy changed twice over the course of its ...

. 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 Penicillins (P, PCN or PEN) are a group of β-lactam antibiotics originally obtained from ''Penicillium'' moulds, principally '' P. chrysogenum'' and '' P. rubens''. Most penicillins in clinical use are synthesised by P. chrysogenum using ...

. In 1993, the group ventured into telecommunications by forming a joint venture with

Hutchison Asia Telecom Group Hutchison Asia Telecom Group or HAT, is a division of Hong Kong-based multinational conglomerate CK Hutchison Holdings. The division provides telecommunications services to several Asian countries. The division was formerly incorporated as H ...

, called Max Telecom. Max Telecom was later sold to Vodafone and became

Vodafone India Vodafone India (formerly Vodafone Essar Ltd, Huchison Essar Ltd) was the Indian subsidiary of UK-based Vodafone Group plc and was a provider of telecommunications services in India with its operational head office in Mumbai. As of March 2018, ...

. The group shifted its focus from being a B2B to

B2C Direct-to-consumer (DTC) or business-to-consumer (B2C) is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, or any other middlemen. Direct-to-consumer sales are usually tr ...

company in 2000, by foraying into the fields of healthcare and life insurance.

was founded in 2000, followed by

in 2001, and

Max Bupa Niva Bupa Health Insurance Company Limited (Niva Bupa) is an Indian health insurance company, founded in 2008. It is headquartered in New Delhi, India. Niva Bupa Health Insurance Company Ltd. (formerly known was Max Bupa Health Insurance C ...

in 2008.

Structure

Three

publicly listed A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in Over-the-counter (finance), over-the-counter markets. A public (publicly traded) comp ...

holding companies fall under Max Group:

Max Financial Services Max Group is an Indian conglomerate headquartered in New Delhi, operating in the fields of life insurance, healthcare, hospitality, real estate and independent senior living. It was founded in 1985 by Analjit Singh. Max Group companies inclu ...

, Max Ventures and Industries and

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

. 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

The group is led by

and a board of directors. Each holding company under the group operates independently and has its own board of directors and shareholders. In 2019, the group posted revenues of $3.2 billion. .

References

External links

* {{Max Group Conglomerate companies established in 1985 Indian brands 1985 establishments in Delhi Companies based in New Delhi Indian companies established in 1985