Max India Limited Posts Q3 Net Profits of Rs. 3.11 crore

Max India Limited Posts Q3 Net Profits of Rs. 3.11 crore

The Board of Directors of Max India Limited, one of the India’s leading multi-business corporations, at their board meeting held on January 23, 2001, approved the unaudited accounts for the third quarter ended December 31, 2000.

Max India Limited has posted net profits of Rs 3.11 crore for the third quarter ended for the year 2000-2001 on a total income of Rs 30.61 crore. The non-annualised Earning Per Share (EPS) for the period ended December 2000 is Rs 8.21.

Commenting on the results of the company, Mr. Analjit Singh, Chairman, Max India Ltd., said, “Our focus has been on establishing the infrastructure and launching Max’s new businesses in Healthcare, which began commercial operations earlier this month. Our Life Insurance joint venture with New York Life Insurance Company – Max New York Life has been awarded the Certificate of Registration from the IRDA and the Info Tech Businesses has launched its software development facility in New Delhi”.

Mr. Singh further added, “Max India is focused on the long-term objective of building businesses which deliver maximum value to shareholders. To this end, the year 2000 has been a landmark year for Max India Limited with the tremendous progress it has made in its knowledge-intensive and service businesses of Healthcare, Life Insurance and Information Technology.”

Max India is a multi-business corporate, driven by the spirit of enterprise focused on the knowledge, people-oriented and service businesses of healthcare, life insurance and information technology. Max India has on-going business interests in telecom services, electronic components, bulk pharmaceuticals and speciality products.

For more details contact:

Nitin Thakur

Head – Communications
Max India
Max House, Okhla – III,
New Delhi-110 020
Tele # 2693 3601-10 extn. 196
Cell # +91 9873347428+91 9873347428