Home > About us > Joint Ventures

Max India is credited with forging and successfully nurturing strong and fruitful business relationships with leading global companies over the years.  The Company is proud of the excellent relationships it has shared with its partners, be it in Life Insurance, Healthcare or Health Insurance. Not only have these partnerships stood the test of time, they have consistently grown, developed, and attained optimum stature.

It has been a part of the Company’s DNA that focuses on treating its partners at parity with itself, irrespective of the ratio of ownership and involvement. Max India recognizes and respects the expertise its partners offer, and tries to maximize it for mutual benefit. It is this very commitment to its partners that has influenced Mitsui Sumitomo Insurance Company Ltd’s, Bupa Finance Plc’s and Life Healthcare's decision to partner with Max India.

Max India would continue to leverage its relationships with its JV partners as a key driver to its growth.

Existing Partnerships

Erstwhile Partnerships
The founding partner of Max Life, New York Life decided to step out, in 2012, as a part of its global strategic alignment.
Max India partnered with Bupa (British United Provident Association), a leading international healthcare provider, to set up a 74:26 Joint Venture, Max Bupa Health Insurance that started operations in Year 2010. Max Bupa brings together a combination of Bupa’s global health insurance expertise and customer service expertise with Max India’s understanding and experience of the Indian health and insurance sectors.

Max Bupa's vision is to become India’s most admired health insurer with consumer centricity being the key to delivering high quality and consistent service experience. With its unique brand positioning ‘Your Health First’, Max Bupa strives to help people live healthier, more successful lives.
Max India partnered with Life Healthcare (LHC), a USD 2 billion South African healthcare major, in January 2012 to enter India by acquiring 26% stake in Max India’s subsidiary Max Healthcare (MHC). Life Healthcare is the second largest private hospital operators in South Africa with 63 facilities with 8322 beds across seven South African provinces & Botswana.

Life Healthcare is known for cutting edge practices in expertise in the areas such as Nursing & Training, IT & Information, and Cross Facility Systems Standardization etc. MHC and LHC are working closely to transplant LHC’s expertise in India, and further enhance the service standards at MHC.
Max New York Life Insurance was incorporated in the year 2000 in partnership with New York Life, a Fortune 100 company. In 2012, World’s 7th largest & Japan’s largest insurance group, MS&AD, led by Mitsui Sumitomo Insurance Company Ltd acquired 26% stake from New York Life, and the company was rechristened Max Life Insurance Limited.

Max Life Insurance, now a US$1.3 Billion company, stands proud as its efforts in this direction are acknowledged in its achievements in this short journey of 11 years. Max Life has emerged as the largest non bank private life insurance company life Insurance and is the 4th largest private life insurance company in India. With the customer at its core and Asset Under Management of over INR 170 billion(USD 3.5 billion), the company’s quality business model has come to be recognized and admired by its industry peers, regulator & policyholders.
In February 1993, Max India integrated its drug intermediates business in a 50:50 JV with Gist Brocades International BV of the Netherlands, now Dutch DSM, to form Max GB Limited. The integration made Max GB the largest manufacturer of intermediate drugs in India and Asia. In 1995, Max GB and Hindustan Antibiotics Limited (HAL) entered into a JV, Hindustan Max GB Penicillin, to set up Asia’s 1st fermentation Penicillin facility. As a part of its focus on the service sector, Max India exited Max GB by selling its 24% stake to its partner, Dutch DSM.
In 1989, Max India launched ‘Max Electronics’ to enter the electronic component distribution business for Motorola, USA. In 1996, Max India partnered with Motorola Inc., as the exclusive representative of Motorola Semi Conductor for the South Indian subcontinent. Max India exited the business in 1997.
In 1992, Max India entered into a partnership with Hutchison Telecommunications Limited, Hong Kong, to set up Cellular and Radio Paging services and to set up Hutchison Max Telecom Private Limited (HMTL). Hutchison Max launched Radio Paging services, ‘Max Page’ in seven cities: Ahmedabad, Bangalore, Baroda, Chandigarh, Hyderabad, Ludhiana and Pune, and Cellular Telephone services, ‘Max Touch’ in Mumbai. ‘Max Page’ and ‘Max Touch’ emerged as leading telecommunications brands. In 1998, even while it was the undisputed leader in cellular phone service in the Western region, Max India decided to divest 90% of its stake in Hutchison Max.
In 1995, Max India Limited entered into a JV with Comsat International Ventures, USA to set-up Comsat Max Limited, to offer satellite communication services using VSATs.
In 1996, Max India formed a JV with Atotech BV of The Netherlands, ‘Max Atotech’ to manufacture Printed Circuit Board plating and general metal finishing chemicals. The plant was set up at Sidhrawali, Haryana.
In 1998, Max Electronics entered into a JV with world's leading electronic component distribution group Avnet Inc., U.S.A. The business was re-christened ‘Avnet Max’. Max India exited the business in 2002 to sharpen its focus on service-oriented businesses.
Life Insurance
Plating Chemicals