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Analjit Singh Biography, Birth, Present, Early life, Awards, Net Worth

Analjit Singh Biography, Analjit Singh Biography

Birth : 11 January 1954 (Delhi), India

Present: Founder and President of ‘Max India Limited’

Scope of work: Healthcare, Life Insurance and Hospitality Business Overseas

Analjit Singh is one of the self-motivated, dedicated and hard-working entrepreneurs of modern Indian business. They are also sources of inspiration for many new entrepreneurs.

 

Analjit is also a founding member and president of Max India, Max New York Life Insurance Limited, Max Healthcare and Max Bupa Health Insurance. Their successful leadership is behind the continuous development and success of the ‘Max India Group’ after the mid-1980s. Apart from this, he is also on the board of many famous Indian companies such as Vodafone-Essar, Tata Tea, Industrial Development Bank of India and Hero Honda Motors. His hospitality business is also spread in South Africa.

On the basis of his business expertise, he established himself in line with the changing global business trends and brought his business to the top position. As a result, today, Analjit Singh is also a member of the joint India-US CEO Forum of the Indian Prime Minister. Apart from this, he holds the prestigious positions of many domestic and foreign institutions and establishments.

Early life | Analjit Singh Biography

Analjit was born on 11 January 1954 in the Indian capital, New Delhi, into a business family. His father’s name is Bhai Mohan Singh. He grew up with two brothers named Parvinder and Manjit. He is the youngest of his brothers. He got his initial education from Doon School, Dehradun and after that he received a Bachelor of Commerce degree in Commerce, Shri Ram College of Commerce of Delhi University (SRCC) Enrolled in He then enrolled at Boston University, USA to pursue higher education (MBA) in management.

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New business start 

After completing his MBA education, Analjit returned to India from the US and in the year 1986, he started collaborating in the business of his father’s family drug company Ranbaxy Laboratories. However, due to less work in Ranbaxy, there was always a dispute in the family. As a result, he split the business in 1989 to end differences with his father. His elder brother Parvinder was given ‘Ranbaxy Laboratories’ and the immovable property of the business was received by both younger brothers Manjeet and Analjit Singh. On their part came a factory in Okhla, Delhi which was almost closed. They offered and paid voluntary retirement scheme to the factory workers.

In 1992, he started cellular and radio paging services in Mumbai in association with Hutchison Telecommunications, Hong Kong, where he worked very diligently. As a result, in a short span of 6 years, his company made a net profit of Rs 1,368 crore in the year 1998. In the same year, there was some dispute with Hutchison over license fees and he sold 41% of his stake in the company to Hutchison and Kotak Mahindra Group. But his ambitious personality was not yet satisfied with this achievement and he was more determined to expand his telecom business, but he had no other option but to close the company due to the money dispute.

Establishment of ‘Max India Limited’, business in the field of Healthcare and Life Insurance

After this, in the year 1999, he made his move in the field of life insurance and healthcare business, here he found a treasure in this field, which he had never anticipated. In the year 2000, he founded ‘Max New York Life Insurance’. In order to grow new business, he gradually sold his previous company’s capital at a profitable price during the initial years. He adopted a trustworthy approach to operate the ‘Max India Limited’ company with his conviction and efficient business strategy, it was also successful. After this, Analjit Singh also started working in the field of education and today he is one of the founding members of ‘Indian School of Business’ located in Mohali (Punjab).

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In the year 2008, he started working in the field of ‘Health Insurance Scheme’ in collaboration with the London company ‘Bupa Finance Plc’. The ‘Max India Group’ has more than 440 offices in more than 275 locations in the country, employing more than 75,000 people.

Hospitality business in South Africa

He has also developed a farm house of about 40 hectares in the beautiful plains of Dassenarg, South Africa. Even before purchasing this farm house, he had become a shareholder in the wine business of Mulloux and Leeloo Family, which is the award-winning wine company. Analjit Singh is the first Indian who has invested in South Africa in the field of wine and hospitality.

He has started a hospitality business in South Africa under the Leeloo Collection under the name ‘Leelu Estate’, which includes a five-star house with 20 rooms, Leelu House and a 13-room boutique hotel.

Work in the field of social service

In these years, Analjit Singh has not only been identified as a skilled and dynamic businessman but he has also been contributing in the field of social service. He named ‘Max India Foundation’ (MIF) Established and is still working as its active president. Presently this foundation is making active contribution in the field of social service in association with many other non-governmental organizations like ‘SOS Bal Gram’, ‘Manav Seva Sannidhi’ and ‘Chinmaya Mission’.

Awards and Honors

Due to their efficiency, political awareness, contribution towards society and the nation, many government and non-government organizations have rewarded and honored them. He is a member of the joint Indo-US CEO Forum of the Prime Minister. Inspired by his outstanding contribution by US Senator Hillary Clinton ‘to help the global community understand modern progressive India’, ‘Indian American Center’ (IACPA) Has awarded. Analjit Singh is the Consul General (Honorary) of the Republic of San Marino in India. He has also been the Chairman of the Board of Governors of the prestigious Engineering College of India, IIT Roorkee. He has also been awarded the Padma Bhushan, the second highest civilian honor of the Government of India in the year 1911.

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