 | |
| Company type | Public |
|---|---|
| Industry | Conglomerate |
| Founded | 1985; 40 years ago (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 | |
Max Group is an Indianconglomerate headquartered inNew Delhi, operating in the fields oflife insurance,real estate andindependent senior living.[4] It was founded in 1985 byAnaljit Singh.[1]
Max Group companies include Max Financial Services, Max Estates, and Max India.[5]
Max Group traces its origin to the company inherited byAnaljit Singh in 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 aB2B toB2C company in 2000, by foraying into the fields of healthcare and life insurance.[8]Axis Max Life Insurance was founded in 2000.
Threepublicly listed 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
Max Financial Services
Max Estates
The group is led byAnaljit Singh and 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]
{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)| Founder | | |
|---|---|---|
| Holding companies | ||
| Subsidiaries | ||
