Max Group is an Indian conglomerate headquartered in

New Delhi New Delhi (; ) is the Capital city, capital of India and a part of the Delhi, National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the Government of India, hosting the Rashtrapati Bhavan, New Parliament ...

, operating in the fields of

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

, real estate and independent senior living. It was founded in 1985 by Analjit Singh. Max Group companies include Max Financial Services, Max Estates, and Max India.

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 beta-lactam antibiotic, β-lactam antibiotics originally obtained from ''Penicillium'' Mold (fungus), moulds, principally ''Penicillium chrysogenum, P. chrysogenum'' and ''Penicillium rubens, P. ru ...

. 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 corporation, multinational conglomerate CK Hutchison Holdings. The division provides telecommunications services to several Asian countries. The division was ...

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

Vodafone India Vodafone India was the India, Indian Subsidiary company, subsidiary of United Kingdom, UK-based Vodafone Group and was a Internet Service Provider, provider of Telecommunications service, telecommunications services in India with its operationa ...

. The group shifted its focus from being a B2B to

B2C Direct-to-consumer (DTC or D2C) or business-to-consumer (B2C) is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, or middlemen. Direct-to-consumer sales are usually transa ...

company in 2000, by foraying into the fields of healthcare and life insurance. Axis Max Life Insurance was founded in 2000.

Structure

Three

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

holding companies fall under Max Group: Max Financial Services, Max Estates 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 Estates *Max Asset Services (real estate services) *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

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