26 February 2004, Chandigarh:

The Shiromani Institute, a leading representative body of Sikh studies and culture, has awarded Mr Analjit Singh, Founder & Chairman, Max India Ltd., for his sterling achievements in areas of Healthcare & Life Insurance. Justice O P Verma, Governor of Punjab presented the prestigious award to Mr Singh at a public function hosted in Chandigarh today.

Mr Singh was amongst a host of other celebrities who were honoured for their contribution to the society. They included Mr. Harbhagwan Singh (Advocate General Punjab), Dr. (Mrs.) Inderjit Kaur, Prof. K. N. Pathak (Vice Chancellor of Punjab University), Mr. K. T. S. Tulsi, Dr. Kewal Krishan (Speaker of Punjab Vidhan Sabha) and Mr. Harbhajan Singh (Cricketer).

Mr Singh is the founder of Max India Limited, and has been the driving force behind the Company's sustained growth and success since 1985. As its first Managing Director, he personally led the Company into the manufacture of Bulk Pharmaceuticals by founding Max GB, followed by endeavours in the areas of Telecom Services, Speciality Plastic Products, and Electronic Components.

In 1998, Mr. Analjit Singh commenced a re-structuring of Max India Limited. and identified the service led businesses of Healthcare and Life Insurance as Max's core focus area. As Chairman, Max New York Life Insurance Company Limited; and Chairman & CEO Max Healthcare, he is guiding Max towards its vision of emerging as 'one of the most admired service companies in India'.

Max New York Life, a joint venture between Max India Limited and New York Life, a Fortune 65 company, is one of India's leading private life insurance companies. Offering individual and group life insurance solutions, the company has established a wide distribution network across India and has the best trained agency force in the country. Its vision is to become the most admired Life Insurance Company in India.

Recently, Max New York Life launched a significant initiative aimed at providing life insurance coverage in rural India. In the first phase, the company opened an area office in Patiala. Patiala marks the start of a major thrust on the company's part to tap the rural potential that exists in Punjab. The Capt. Amarinder Singh, Chief Minister, Punjab, inaugurated the office.

In November 2003, Senator Hillary Clinton, on behalf of The Indian American Center for Political Awareness (IACPA), awarded Mr. Singh for his 'outstanding achievement' in presenting the international community with an understanding of a modern and vibrant India.

For further information contact :

Deep Ghatak
Manager -Corporate Communications
Max India Limited
Max House
1, Dr Jha Marg
Okhla, New Delhi 110 020

Tele # 2632 2776 (D) ; 2693 3610 extn. 192
Mobile # 98186 48323
Fax # 632 4126
E-mail : dghatak@maxindia.com