Max India Limited

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Max India Limited
Public limited company (BSE)
Headquarters New Delhi, India
Key people
Analjit Singh (Chairman Emeritus)
Rahul Khosla (President)
Website www.maxindia.com

Max India Limited, a part of the US$ 2 billion Max Group, is the holding company of Max Healthcare, Max Bupa Health Insurance and Antara Senior Living. Max India Limited is one of the three listed companies formed after the demerger of the erstwhile Max India Group.

Max Healthcare and Max Bupa Health Insurance are joint ventures with global leaders, Life Healthcare (South Africa) and Bupa Finance Plc. (UK), respectively. Max India owns and manages a 45.95% per cent stake in Max Healthcare, a 51% stake in Max Bupa Health Insurance and a 100% stake in Antara Senior Living.[1]

The Max Group’s investor base includes marquee global financial institutions such as Goldman Sachs, KKR, IFC Washington, Fidelity, Wasatch, Ward Ferry, Nomura, New York Life and Invesco. The other entities in the Max Group are Max Financial Services Limited,[2]which holds its life insurance subsidiary and Max Ventures & Industries Limited,[3]which serves as the Group’s entrepreneurial arm to explore the ‘wider world of business’.[4]

Operating Companies[edit]

Max Healthcare[edit]

Max Healthcare (MHC) is the country’s leading provider of standardized, seamless and international-class healthcare services and offers treatment in over 30 medical disciplines. It is a joint venture between Max India and Life Healthcare, South Africa.[5]

Max Healthcare has a base of over 2,300 doctors, 6,600 other trained personnel, and over 2.82 million patients from 80 countries, across its network of 14 hospitals. The first Max Healthcare centre was opened in 2000 as Max Multi Speciality Centre in Panchsheel Park, New Delhi with OPD facilities and day care surgeries.[6]

In November 2015, MHC acquired 51% stake in Saket City Hospital Pvt. Ltd., from Smart Health City Pte. Ltd., a Singapore based BK Modi Group company which managed and operated the Delhi based Saket City Hospital (SCH).

Max Bupa Health Insurance[edit]

Max Bupa Health Insurance Limited is a 51:49 joint venture between Max India Ltd.[7]and Bupa Finance Plc, UK, a leading international healthcare provider with 65 years of healthcare knowledge. Max Bupa Health Insurance has a direct working relationship with a network of 3600 top quality hospitals and healthcare providers with plans to extend their coverage in the future.

Antara Senior Living[edit]

Antara Senior Living (Antara), the third operating company under Max India, is pioneering the concept of ‘Age in Place’ for the elderly by developing Senior Living communities in India. Antara launched its senior living community with 200 apartments in 2017 near Dehradun, Uttarakhand.[8]

Joint Ventures[edit]

The Group merges the partner’s expertise with its own experience, knowledge and attributes to emerge as a quality leader in its businesses. Some of the global leaders who were inducted as joint venture partners include New York Life, Gist-brocades, Elf Atochem, Hutchison Telecommunications,[9] Motorola, Schering AG, Avent Inc., Gist-brocades (GB), The Upjohn Company, Comsat International Ventures and Atotech BV.

Max India's key current joint ventures partners include, Life Healthcare, South Africa and Bupa Finance Plc., UK.[10]

Corporate Social Responsibility[edit]

Max India Foundation (MIF) represents the Max Group’s social responsibility aspirations. Max India Foundation works to provide quality healthcare to the underprivileged and provide holistic and focussed healthcare for the wellbeing of underserved communities. Max India Foundation works on the model of engaging Max employees in CSR and has over 400 NGO partners. It is a manifestation of the Group philosophy of Sevabhav touching over 2.4 million lives with compassion and care across 680 locations.

References[edit]

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External links[edit]

  • ^ "Max India to be split into 3 units". business-standard.com. 
  • ^ "Max Financial Services Ltd". economictimes.indiatimes.com. 
  • ^ "Analjit Singh’s next big bet: Max Ventures". livemint.com. 
  • ^ "Max Ventures approaches shareholders for 36% stake sale in arm". economictimes.indiatimes.com. 
  • ^ "South Africa's Life Healthcare increases stake in Max Healthcare". business-standard.com. 
  • ^ "Max Super Speciality Hospital launches Speciality Institutes". indiainfoline.com. 
  • ^ "Max India, BUPA form joint venture". thehindu.com. 
  • ^ "Retirement apartments: Senior living in India comes of age". indianexpress.com. 
  • ^ "Hutchison wins cellular success in India". cnn.com. 
  • ^ "Bupa completes acquisition of additional 23% stake in Max JV". economictimes.indiatimes.com.