The Max Group is credited with successfully forging and nurturing strong and fruitful business relationships with several leading global companies. The Group’s philosophy is to build open and transparent relationships which are managed in the spirit of Equality. Since its inception almost three decades ago, Max has attracted the best global companies as its business partners. The Group has succeeded in merging its partners’ expertise with its own experience, knowledge and attributes to emerge as a quality leader in all its businesses.

Some of its past joint venture partners include Radiant Life Care Private Limited, Bupa Finance Plc., Life Healthcare (South Africa), New York Life, Hutchison Telecommunications, Motorola, Schering AG, Avent Inc., Gist-brocades (GB), The Upjohn Company, Comsat International Ventures, Atotech BV.

These partnerships have consistently grown, developed, and matured into strong relationships.


Axis Bank

Axis Bank is the third Largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,758 domestic branches (including extension counters) with 10,990 ATMs & 5,972 cash recyclers spread across the country as of 31st March 2022.

The Bank has 6 Axis Virtual Centres with over 1,500 Virtual Relationship Managers as of 31st March 2022. The Overseas operations of the Bank are spread over eight international offices with branches in Singapore, Dubai (at DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London, UK.

PAST JV Partners


Established in 1900, Toppan Printing Co. Ltd. (Market Cap of US$ 6.8 billion) is a multinational corporation with interests in areas such as Information & Communication, Living & Industry, and Electronics. Over the years, Toppan Printing has brought together advanced printing technology and a wide variety of knowledge and experience in fields such as marketing and IT. This has allowed the company to establish a systemized set of “printing technologies” that are unique to Toppan.
At present, the core of Toppan’s business is the development and provision of “total solutions” that take into consideration challenges in business faced by customers, as well as the challenges faced by all stakeholders and society as a whole.

Radiant Life Care

Radiant is promoted by Abhay Soi and is in the business of developing/redeveloping hospitals to provide high end quaternary care. Presently, Radiant has two iconic facilities in its portfolio namely: BLK Super Specialty Hospital, Delhi and Nanavati Super Specialty Hospital, Mumbai.

Radiant forayed into healthcare in 2010 with the re-development and commissioning of BLK, a 650-bed hospital, one of the largest private sector hospitals in Delhi and NCR. Besides this flagship hospital, Radiant collaborated with the Nanavati Hospital Trust in 2014 to take over the operations of Nanavati, a 350-bed multi-specialty hospital. Over the next four years, Radiant plans to transform Nanavati into a 900-bed state-of-the-art quaternary care institute and expand BLK by another 200 beds. For additional information, visit the company’s website at

Atotech BV (Plating Chemicals)

Germany-based Atotech BV is one of the world’s leading manufacturers of processes and equipment for the PCB industry and the decorative and functional electroplating industry. In 1996, Max India entered a JV with Atotech to manufacture Printed Circuit Board Plating and general metal finishing chemicals. Max India divested its stake in the JV in 2001 granting 100% control to its German partner

Bupa Finance Plc., United Kingdom (Health Insurance)

Bupa’s purpose is helping people live longer, healthier, happier lives.

With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers.

Health insurance accounts for the major part of our business with 16.7 million customers and contributes around 75% of revenue. We operate clinics, dental centres and hospitals in some markets, with around 15 million customers. We care for around 22,300 residents in our aged care businesses in the UK, Australia, New Zealand and Spain.

We directly employ around 80,000 people, principally in the UK, Australia, Spain, Poland, Chile, New Zealand, Hong Kong, Turkey, the US, Brazil, the Middle East and Ireland. We also have associate businesses in Saudi Arabia and India.

For more information, visit

Life Healthcare, South Africa

Life Healthcare (LHC) is a USD 2 billion South African healthcare major and is the second largest private hospital operators in South Africa. It currently owns and operates 63 facilities with 8322 beds in a comprehensive geographic spread over seven South African provinces and Botswana. It is also a leading provider of acute rehabilitation and mental health services in the country.

Avnet Inc., USA (Electronic Components)

Avnet Inc., USA is one of the world’s largest global distributors of electronic components, computer and IT solutions, embedded technology and services. In 1998, Max Electronics entered into a Joint Venture partnership with Avnet. The business was re-christened ‘Avnet Max’. Max India exited the business in 2002 to sharpen its focus on service-oriented businesses.


In February 1993, Max India integrated its drug intermediates business in a 50:50 JV with the Dutch food products and biotechnology company International BV, which was later acquired by the Dutch multinational DSM NV. The JV was christened Max GB Limited and the integration made it 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 first fermentation Penicillin facility. As part of its shift to the service sector, Max India exited Max GB by selling its 24% stake to its partner DSM.

Hutchison Telecoms (Mobile Telephony)

Hutchison Telecoms (now Hutchison Asia Telecommunications Limited) is a multinational telecommunications services company headquartered in Hong Kong. It operates GSM mobile telecommunications services across Asia. In 1992, Max India entered into a partnership with Hutchison to set up Cellular and Radio Paging services through Hutchison Max Telecom Pvt. Ltd (HMTL). Hutchison Max launched radio paging services ‘Max Page’ in 7 cities – Ahmedabad, Bangalore, Baroda, Chandigarh, Hyderabad, Ludhiana and Pune – and cellular telephone services ‘Max Touch’ in Mumbai. In 1998, Max India divested 90% of its stake in Hutchison Max.

Motorola (Electronic Components)

Motorola, Inc. was a US-based multinational telecommunications company, which designed and sold wireless network equipment such as cellular transmission base stations and signal amplifiers. In 1989, Max India launched Max Electronics to enter the electronic component distribution business  for Motorola, Inc. In 1996, Max India again partnered with Motorola as the exclusive representative of Motorola Semi-Conductor for the South India sub-continent. Max India exited the business in 1997.

New York Life (Life Insurance)

New York Life is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, with about US $512 billion in total assets under management. New York Life was the founding partner for Max India’s life insurance business (then Max New York Life Insurance). New York Life served as Max India’s JV partner for 10 years before deciding to exit in 2012 as part of its global strategic realignment.

Comsat International (Communication Services)

Comsat is a global telecommunications company based in the USA. It provides telecommunications services for enterprise, government, and service-provider customers. In 1995, Max India entered into a joint venture with Comsat International Ventures, USA, to set up Comsat Max Limited, which offered satellite communication services using VSATs.