imported>Citation bot: Alter: title, template type. Add: s2cid, pages, issue, volume, journal, year, title, doi, newspaper, authors 1-2. Changed bare reference to CS1/2. Formatted dashes. | Use this bot. Report bugs. | Suggested by BrownHairedGirl | Linked from User:BrownHairedGirl/Articles_with_bare_links | #UCB_webform_linked 1677/2176

2021-09-03T14:15:28Z

Alter: title, template type. Add: s2cid, pages, issue, volume, journal, year, title, doi, newspaper, authors 1-2. Changed bare reference to CS1/2. Formatted dashes. | Use this bot. Report bugs. | Suggested by BrownHairedGirl | Linked from User:BrownHairedGirl/Articles_with_bare_links | #UCB_webform_linked 1677/2176

New page

{{Use dmy dates|date=September 2020}}
{{Use Indian English|date=April 2020}}
{{short description|Indian conglomerate company}}
{{Infobox company
| name = Max Group
| logo = Max Group logo.svg
| image =
| image_caption =
| type = [[Public company|Public]]
| industry = [[Conglomerate (company)|Conglomerate]]
| founded = {{Start date and age|1985}}
| founder = [[Analjit Singh]]
| location = Max House, [[New Delhi]], [[India]]
| area_served = India
| key_people = Analjit Singh {{small|(group chairman)}}<ref name="auto">{{Cite web|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/max-group-has-absolutely-no-plan-to-exit-life-insurance-business-says-analjit-singh/videoshow/70576161.cms|title=Max Group has absolutely no plan to exit life insurance business, says Analjit Singh|first1=ET Now | 07|last1=Aug 2019|first2=09:51 Pm|last2=Ist|via=economictimes.indiatimes.com}}</ref><br>Rahul Khosla {{small|(group president)}}<br>Mohit Talwar{{small|(group vice-chairman)}}
| products = {{hlist
| [[Life insurance]]
| [[Healthcare]]
| [[Real estate]]
| [[Hospitality]]
| [[Independent senior living]]
| [[Packaging and labeling|Packaging films]]
}}
| revenue = {{Profit}} {{US$|3.2 billion|link=yes}}<ref>{{Cite web|url=https://www.outlookindia.com/newsscroll/max-india-limited-reports-strong-q3fy2020-financial-results-max-healthcares-ebitda-of-rs-121-cr-grows-92/1728710|title=Max India Limited Reports Strong Q3FY2020 Financial Results; Max Healthcare's EBITDA of Rs. 121 Cr., Grows 92%|website=}}</ref>
| revenue_year = 2019
| assets =
| assets_year =
| owner =
| num_employees = 27,000 (2019)<ref>https://www.maxgroup.in/about-us/</ref>
| subsid = {{Hlist
| [[Max Bupa]]
| [[Max Life Insurance]]
| [[Max Financial Services]]
| [[Max Ventures and Industries]]
| [[Max India]]
| Max Speciality Films
| Max Estates
| [[Antara Senior Living]]
}}
| homepage = {{URL|https://www.maxgroup.in/}}
}}

'''Max Group''' is an Indian [[Conglomerate (company)|conglomerate]] headquartered in [[New Delhi]], [[India]], operating in the fields of life insurance, healthcare, hospitality, real estate and [[independent senior living]].<ref>{{Cite web|url=https://www.livemint.com/companies/people/analjit-singh-offers-exit-to-max-shareholders-plans-new-businesses-1556563825429.html|title=Analjit Singh offers exit to Max shareholders, plans new businesses|first=Teena|last=Thacker|date=30 April 2019|website=Livemint}}</ref> It was founded in 1985 by [[Analjit Singh]].<ref name="auto"/>

Max's subsidiaries include [[Max Bupa]], [[Max Life Insurance]], Max Financial Services, Max Ventures and Industries, Max India, Max Speciality Films, Max Estates, Antara Senior Living.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/max-india-wraps-up-three-way-demerger-116011600027_1.html|title=Max India wraps up three-way demerger|first=B. S.|last=Reporters|newspaper=Business Standard India|date=16 January 2016|via=Business Standard}}</ref>

==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]].<ref>{{Cite journal|url=https://journals.sagepub.com/doi/full/10.1177/2516604219889241|doi = 10.1177/2516604219889241|title = Max India Group: How to Create a Culture of Maxism?|year = 2019|last1 = Kumar|first1 = Rohit|last2 = Dutta|first2 = Swarup Kumar|journal = Emerging Economies Cases Journal|volume = 1|issue = 1–2|pages = 43–51|s2cid = 213866627}}</ref> 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]].<ref>{{cite web|author=Shauvik Ghosh |url=https://www.livemint.com/Companies/vAJSJgLcWD82NGMidHxjkJ/Analjit-Singh-to-be-chairman-of-Vodafone-India.html |title=Analjit Singh to be chairman of Vodafone India |publisher=Livemint.com |date=10 February 2012 |accessdate=1 May 2020}}</ref> The group shifted its focus from being a [[Business-to-business|B2B]] to [[B2C]] company in 2000, by foraying into the fields of healthcare and life insurance.<ref>{{cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/kkr-set-to-back-max-india-promoter-analjit-singh-with-rs-2000-crore-liquidity-infusion/articleshow/62610194.cms?from=mdr |title=Max India: KKR set to back Max India promoter Analjit Singh with Rs 2,000-crore liquidity infusion - The Economic Times |newspaper=The Economic Times |publisher=Economictimes.indiatimes.com |date=22 January 2018 |accessdate=1 May 2020|last1=Barman |first1=Arijit }}</ref> [[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'''
*Antara Senior Living (senior living)

'''Max Financial Services'''
*[[Max Bupa]] (health insurance)
*[[Max Life Insurance]]

'''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.<ref>{{Cite web|url=https://www.financialexpress.com/industry/max-india-to-venture-into-new-verticals-after-divesting-insurance-healthcare-business/1562654/|title=Max India to venture into new verticals after divesting insurance, healthcare business|date=29 April 2019}}</ref><ref>{{Cite web|url=https://www.thehindubusinessline.com/business-wire/max-india-shares-to-trade-exdemerger-from-27th-jan/article8130204.ece|title=Max India shares to trade ex-demerger from 27th Jan|website=@businessline}}</ref> In 2019, the group posted revenues of $3.2 billion. .<ref>{{cite web|url=https://www.outlookindia.com/newsscroll/max-financial-services-h1fy20-consolidated-revenue-grows-10-to-rs-8635-cr-max-life-reports-strong-growth-in-sales-value-of-new-business-and-margin/1656656 |title=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 |publisher=Outlookindia.com |date= |accessdate=1 May 2020}}</ref>

==References==
{{Reflist}}

==External links==
* {{official website|https://www.maxgroup.in/}}

{{Max Group}}

[[Category:Max Group| ]]
[[Category:Conglomerate companies established in 1985]]
[[Category:Indian brands]]
[[Category:1985 establishments in Delhi]]
[[Category:Companies based in New Delhi]]
[[Category:Indian companies established in 1985]]

Max Group - Revision history