Max Group is an Indian
conglomerate
Conglomerate or conglomeration may refer to:
* Conglomerate (company)
* Conglomerate (geology)
* Conglomerate (mathematics)
In popular culture:
* The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes
** Co ...
headquartered in
New Delhi
New Delhi (, , ''Naī Dillī'') is the Capital city, capital of India and a part of the NCT Delhi, National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati B ...
, 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 include
Max Healthcare,
Max Life Insurance, 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
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
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, 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 company in 2000, by foraying into the fields of healthcare and life insurance.
Max Life Insurance was founded in 2000, followed by
Max Healthcare in 2001, and
Max Bupa 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 Ventures and Industries and
Max 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 Life Insurance
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
Analjit Singh 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