Anjalit Singh, unsung heroic son of Mother India, huge tax payer

October 28, 2011 20:12
Anjalit Singh, unsung heroic son of Mother India, huge tax payer

AnjalithSinghEncounter with the unsung heroic son of the Mother India is worth the minutes of wait for his audience. He is not listed in the riches list of the country but has made the sales that have made them pay huge taxes for past 3 years. Last year Analjit Singh paid a tax of RS. 997 million as he sold his stake in Vodafone Essar for  533 Cr and this reason led to the shot up the tax amount.

Analjit Singh is the founder and chairman of max India who are into healthcare, IT services and financial services. Showcasing its strong growth trajectory in the Indian health insurance market, the company also celebrated the milestone of having insured more than 100,000 lives since the launch of its business last year, recently at Kolkata.

From family feuds to losses in speculative business interests, have summed up for Mr.Singh of what he is today, after two decades of turmoil. Life has taught him to be circumspect even when the going is good. As a result, he’s learnt never to take anything for granted. So after a decade of ununiform parabolic equation of success and failures Mr. Analjit is busy figuring out new ways to secure the future of his family and business.

The Rs. 7,250 Cr Max India Group that Analjit Singh built after selling his stake in telecom firm Hutchison Max to Hongkong-based tycoon Li Ka-shing back in 1998 is finally hitting a sweet spot. The Max healthcare business is just beginning a massive, yet carefully orchestrated expansion. And Max Bupa, the health insurance joint venture with Bupa, has got off to a good start since its debut a year ago. All these good tidings might make the bitter family disputes that Analjit Singh had to endure in the past a distant memory and his initial trials just a footnote in his mercurial career. But he hasn’t forgotten them. In fact, he remembers them so well that he is drawing lessons to avoid their repetition in his own family.

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