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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 New York Life Insurance Company’s and Bupa Finance Plc’s decision to
enter the Indian market 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
Max India partnered with New York Life International LLC, a Fortune 100 company and the largest Life Insurer in USA today, to set up a 74:26 Joint Venture, Max New York Life Company Limited (MNYL) that started operations in Year 2000, becoming amongst the first private life Insurance companies in India. MNYL has emerged as the leading top quartile life insurance company.
MNYL's vision is to be the most admired life insurance company in India and it has developed a strong corporate governance model based on defined core values of caring, honesty, excellence, knowledge, integrity and teamwork. As a customer centric organization, MNYL Insurance is committed to providing comprehensive life insurance solutions to its customers across their life stages. MNYL offers flexible product solutions through a nationwide multi-channel distribution network with over 8,700 employees and 55,000 agents across 350 cities in India.
MNYL's vision is to be the most admired life insurance company in India and it has developed a strong corporate governance model based on defined core values of caring, honesty, excellence, knowledge, integrity and teamwork. As a customer centric organization, MNYL Insurance is committed to providing comprehensive life insurance solutions to its customers across their life stages. MNYL offers flexible product solutions through a nationwide multi-channel distribution network with over 8,700 employees and 55,000 agents across 350 cities in India.
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 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.
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.
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Pharmaceuticals |
Electronic Components |
Mobile Telephony |
Communication Services |
Plating Chemicals |
Electronic Components |
