Max India Group - An Introduction
Max India Group is a multi-business corporate, driven by the spirit of enterprise and focused on people and service oriented businesses. The Company is headquartered in New Delhi, India.
The Rs. 7,700 crore Max India is led by its publically listed entity, Max India Limited. Its vision is to be one of India's most admired corporates for Service Excellence.
Max India is in the 'Business of Life'. It 'Protects Life' through its Life Insurance subsidiary Max New York Life, a joint venture between Max India and New York Life, a Fortune 100 company; 'Cares for Life' through its Healthcare company, Max Healthcare, a subsidiary of Max India Limited; 'Enhances Life' through its Health Insurance company, Max Bupa Health Insurance, a joint venture between Max India and Bupa Finance Plc., UK; and 'Improves Life' through its Clinical Research business, Max Neeman, a fully owned subsidiary of Max India. From its past, Max India continues its interest in manufacture of Speciality Products for the packaging industry.
Max India's consolidated turnover for FY10 was Rs. 7,730 crore. The consolidated operating revenue was Rs. 5,570 Crore, a growth of 24% over the same period last year. The Company is on a high growth path, with over 700 offices across around 400 locations in the Country and with people strength of 92,000 persons servicing over 3.5 million customers as on 31st Mar 2010
The flagship company Max India Limited is widely held, with the owner sponsors, led by Analjit Singh hold more than 35% share. Its other shareholders include some of world's best Institutional Investors such as, Warburg Pincus, Goldman Sachs, IFC and KKR. In the last 5 years, Max India has created immense value for its investors, with its market-cap growing at a CAGR of approx. 28%.
Subsidiaries
Max New York Life (MNYL) is a joint venture between Max India Ltd. and New York Life, a Fortune 100 company and the largest life insurer in USA. Incorporated in 2000, Max New York Life is one of India's leading private life insurance companies and offers both individual and group life insurance solutions. The Company has developed a highly trained network that is focused on offering outstanding services and building partnerships for life with the customer's. Max New York Life offers flexible product solutions through a nationwide multi-channel distribution network with over 11,700 employees, 72000 agents and an exclusive distribution tie-up with Axis Bank, India's 3rd largest private bank.
Max Healthcare (MHC) is a leading provider of standardized, seamless and world-class healthcare services. MHC has collaboration with Singapore General Hospital in the areas of medical practices, nursing, paramedical, research & training and is committed to the highest standards of medical and service excellence, patient care, scientific and medical education. MHC operates eight centers in Delhi & NCR, offering services in over 30 medical disciplines. MHC has state of the art tertiary care facilities at Saket in South Delhi, secondary care hospitals at Pitampura, Patparganj, Gurgaon and Noida and an outpatient facility, the Max Medcentre and a Speciality centre focused on Eye and Dental care at Panchsheel Park.
The tertiary care hospitals at Saket include Max Devki Devi Heart & Vascular Institute, a Centre of Excellence in cardiac services and the Max Super Speciality Hospital, a super speciality facility in Orthopaedics & Joint Replacement, Neurosciences, Paediatrics, Obstetrics & Gynaecology, Aesthetic & Reconstructive Plastic Surgery and Internal Medicine. In addition, it has an Institute of Allied Medical Services where it provides General and Laparoscopic surgery, Urology, Eye & ENT, Nephrology, Dermatology, Department of Mental Health & Behavioural Sciences amongst others.
Max Bupa Health Insurance Limited is a joint venture between Max India Limited and Bupa Finance Plc, UK, a leading international healthcare company with a legacy of providing specialized healthcare services for over 60 years. The Company started its operations in March 2010 with the vision to be the most admired health insurance company in India. Max Bupa's mission is to ensure that families’ live healthier, more successful lives and to be a healthcare partner providing expertise for life through its consistent, high quality, health insurance services. Max Bupa has set up its offices in 9 key Indian cities and tied up with over 400 key hospitals across the country.
Max Neeman Medical International (MNMI) provides Clinical Research services across the entire value chain of new drug development and offers Medical Writing services. MNMI conducts Phase II, III, IV of clinical trial studies and has access to over 1200 ICH-GCP trained investigators and 210 research coordinators across 22 cities to offers services to a growing list of Pharmaceutical, Biotech and Clinical Research clients, in India and abroad. MNMI is focusing on developing alliances with midsized pharma and biotech companies to transition their drug development work to India. The Company has an employee base of 260 at five Regional offices in India & one business development office in USA.
Max Speciality Films (MSF) specializes in manufacturing of wide range of sophisticated barrier and packaging (BOPP) films and has an installed capacity of 29,000 tons per annum. MSF's leather finishing foil business division manufactures a range of leather finishing and laminating foils.