MAX’imum impact!

IIPM MANAGEMENT INSTITUTE

This group made it to the 4Ps-ICMR rankings purely because of the tremendously entrepreneurial moves and innovative ventures that Max India Chairman, Analjit Singh, has scripted in the recent history. His next move in the biggest deal in the history of Indian telecom industry has shifted all lights towards the industrialist’s 8.75% stake in Hutchison Essar in particular, and the vicissitudes of the Max Group in general. Analjit is apparently even open to being Vodafone’s partner if the UK-based telecom major acquires Hutchison’s stake in the holding firm Hutchison Telecom.

Analjit Singh is a multifaceted man who has transformed the Max group into a multi business corporation with diversified investments in areas spanning telecom and media to the group’s principal activities of manufacturing specialty plastic products, clinical research, insurance, medical transcription, software, communication and business investment services. But the group’s healthcare business, through Max Healthcare, is the most talked about. With a market size currently estimated at $33 billion and a growth rate of 12 to 15% per annum, the industry is expected to touch
$70 billion by 2012, driven primarily by private sector investments.

Max is all set to capitalize on this smashing opportunity. Its hospitals and centres have a registered base of over 360,000 patients. And to complete the cycle, Max New York Life Co., a JV between the Max Group and New York Life Limited, now ranks third amongst private players in terms of the number of policies sold, with unheard of growth rates (last year they grew by 100%). And in our rankings? This group is a spanking Max’imum impact upstart, surely!

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative