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NAME: ANALJIT SINGH
AGE: 52
DESIGNATION: CMD
STATE: Max India |
Analjit
Singh is in the news again, this time over his decision to step
back from the day-to-day running of his flagship. "Max India
requires 24x7 attention as it scales up to the next level; and
it will not be possible for me to devote so much time to it any
more," he says. So, he has set up a two-member leadership
team that will, henceforth, run the company.
Singh has also been in news recently for trying to work out
an alliance between Vodafone and the Ruias of Essar that will
enable the combine to take over Hutchison Essar in which he owns
a stake of 7.58 per cent. Incidentally, Singh had founded the
company in 1995 and exited Hutchison Max, as it was then called,
in 1998 when he sold his 41 per cent stake in the company to his
joint venture partner Hutchison Whampoa of Hong Kong for Rs 561
crore.
He has other successes to his credit as well. An MBA from the
Graduate School of Management, Boston University, Singh founded
Max India in 1984 and has, since, built it into a Rs 2,000-crore
conglomerate with interests in life insurance, healthcare, information
technology, bulk drugs, specialty plastic products, electronic
components and chemicals. Within this, his greatest triumph has
been Max Healthcare, which runs a chain of super-specialty medical
service centres and hospitals across the National Capital Region
(NCR). And in doing so, he turned conventional business wisdom
on its head. Traditionally, large healthcare service providers
have opened hubs first and then established clinics and centres
around them. Singh did it the other way around. This was primarily
driven by the unavailability of large tracts of land around Delhi,
but it proved successful, and by the time Max was ready to build
a large hospital in 2001, it had already established a strong
brand equity. What's his management style like? Max executives
say he was very hands-on earlier, but now prefers to delegate
authority to a band of handpicked executives.
And what's his vision for the future? To see Max as one of India's
top healthcare service providers. The grand plan is already in
place; now for the execution.
-Amit Mukherjee
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