Analjit Singh (born 11 January 1954) is an Indian businessman who is the founder and chairman of Max Healthcare and Max Bupa Health Insurance Company Limited and Executive-Chairman of Max New York Life Insurance. He is the youngest son of Bhai Mohan Singh, founder of Ranbaxy Laboratories. Analjit Singh is married and has three children.
Analjit Singh – Education
Analjit Singh completed his schooling from Doon School, Dehradun. He then pursued his undergraduate degree at Shri Ram College of Commerce, University of Delhi. Later he did an MBA from School of Management and the Graduate School of Management, Boston University, Boston, USA.
Analjit Singh – Founder of Max India Group
Youngest son of Bhai Mohan Singh, founder of pharma firm Ranbaxy Laboratories; and uncle of billionaire brothers Malvinder and Shivinder Singh (No. 17). Following a family division in 1989, the pharma business went to his older brother and he got the smaller Max India. Has since built it into $1 billion (sales) Max Group with interests in healthcare, insurance, clinical research and packaging. New York Life is his partner in life insurance. Made big move with an early investment in cellular services provider Hutchison Max. Sold that stake to Hutchison, pocketing $150 million. Has minor stake in Vodafone Essar, part of which he is trying to sell; awaiting government approval. Was in news recently over his bid to acquire minority stake in EIH, which runs the Oberoi chain of hotels, from Prithvi Raj Singh Oberoi and family (No. 87). He’s funding a new campus for the Indian School of Business in Punjab and is also on the board of Sunil Mittal’s (No. 8) Bharti Foundation
A self made entrepreneur, Mr. Analjit Singh has been leading the charge of reinventing and restructuring the Max India Group with a vision to be amongst India’s most admired companies for Service Excellence. He has been the driving force behind the Max India Group’s sustained growth and success since the mid 80’s.
Today, Max India Limited is a multi-business corporate, focused on People and Service-oriented Businesses of ‘Life’. Max India Group is present in the areas of Life Insurance (Protecting Life) through Max New York Life Insurance, a Joint Venture with a Fortune 100 company New York Life; Healthcare (Caring for Life) through Max Healthcare; Health Insurance (Enhancing Life) through Max Bupa Health Insurance; a Joint Venture with Bupa Finance Plc U.K. Clinical Research (Improving Life) through Max Neeman Medical International; BoPP & Speciality Foils manufacturing through its division Max Speciality Films.
Max India Group’s turnover for the year 2010 was over INR 78,300 million with a customer base of 4.4 million. The total investment in various businesses at the end of 2010 stood at INR 22,500 million. The Group has over 400 offices across India; with people strength of over 73,000.
Analjit Singh – Awards and Achievements
Recognizing Mr. Analjit Singh’s contribution towards building India Inc., he has recently been awarded one of India’s highest civilian honors, the Padma Bhushan, by the President of India. As one of India’s leading business-persons, Mr. Analjit Singh is a Member of the Prime Minister’s Joint Indo-US CEOs Forum. He is the non-executive Chairman of Indus Towers, India’s leading ‘Shared Telecom Infrastructure’ Services Company. He is a Director on the board of several leading Indian companies such as Industrial Development Bank of India (IDBI Ltd.), Vodafone Essar, Tata Tea and Hero Honda Motors. He is also the Vice Chairman of one of India’s leading industry Associations, Assocham.
Mr. Analjit Singh has always taken keen interest in enhancing India’s academic excellence. He is currently an Executive Board Member of the Board of Governors, Indian School of Business (ISB), Hyderabad, where he is jointly funding a new campus at Mohali, Punjab and actively facilitating it as the Chairman, Mohali Campus Advisory Board, ISB. He has also recently taken on the role of the Chairman of the Board of Governors, Indian Institute of Technology, Roorkee. In addition, he is the Chairman, Board of Governors, The Doon School, Dehradun.
Mr. Analjit Singh is actively involved in social service, through his role as the Chairman and Chief Patron of Max India Foundation (MIF), the Social Service arm of Max India Group. Committed to fostering an inclusive society, MIF spearheads the CSR initiatives of the various Max India Group companies and also partners with several reputable NGOs such as SOS Children’s Village, Manav Seva Sannidhi, CanSupport and Chinmaya Mission. The Foundation’s main focus areas are:
Providing improved access to quality healthcare for underprivileged, particularly children.
Creating awareness on health-related issues such as women’s health, cancer, cardiovascular diseases and immunisation of children.
Improving awareness of environmental issues with a view to supporting a sustainable and eco-friendly environment.
He is also the Life Chairman, Bhai Mohan Singh Foundation and Member, Governing Board of Bharti Foundation.
Mr. Analjit Singh is the Consul General (Honorary) of the Republic of San Marino in India.
Senator Hillary Clinton, on behalf of The Indian American Center for Political Awareness (IACPA), awarded Mr. Analjit Singh for his ‘outstanding achievement’ in presenting the international community with an understanding of a modern and vibrant India. The IACPA has particularly lauded his efforts in forging several successful Joint Ventures with leading American companies and promoting business ties with the US.