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Showing posts from December, 2013
The Comeback Kid.
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After years of swinging from losses to profits and back again, Max India may have finally emerged. Max, which is essentially a holding company, operates in a wide variety of business segments ranging from insurance to healthcare through a cluster of subsidiary companies. And now, for the very first time, with all its businesses in the green, the company may finally be on the trajectory towards a long and sustainable period of growth and outperformance. For now, the market might still be skeptical of Max’s apparent turnaround but a myriad of factors do seem to indicate that the good times have indeed started for the Analjit Singh – led company. As far as Max’s business diversifications are concerned, insurance is the company’s mainstay. Max Life is the company’s life insurance subsidiary, which broke even in the past fiscal for the very first time and declared its maiden dividend. The division, which was founded several years ago in partnership with New York Life, saw its