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Failed 10 times and still built a 30,000 CR business empire. 1. Analjit Singh had to live a legacy. As the youngest son of Ranbaxy founder Bhai Mohan Singh, he took charge of their old Okhla plant in New Delhi. But a family split four years later meant that he had everything taken away from him but his old Okhla factory. He wanted to do something. 🤔 2. He envisioned producing penicillin drug intermediates and converted his old Okhla factory into India's first US FDA-approved plant. To elevate manufacturing, he sought to collaborate with global chemical and pharmaceutical companies. In 1985, Max India was born. 🚀 3. Analjit started collaborating with giants like Elf Atochem and Gist-Brocades to have global standards. While he acquired technology and capital, the 1990 Gulf War meant that nobody wanted drugs due to uncertain prices. Even Ranbaxy stopped in India, but Analjit continued to wait. 👇 4. On July 24 1991, the government introduced the LPG reforms, and the economy opened up. Telecom experienced its greatest boom, and he partnered with Hutchison Asia to launch Hutchison Max, a GSM mobile joint venture in Mumbai. And 7 years later, Analjit's life turned upside down. 5. He sold his 51% stake for a significant sum of 561 CR in 1998. Flush with capital, he entered life insurance by partnering with New York Life and launching Max New York Life in 2000. In 2006, he also opened the first Max super-specialty hospital in Saket, Delhi. By 2008, Max had become a 5,000 CR group, but then the global crisis happened. 👇 6. Ten businesses of Analjit failed, but he continued. By 2012,Max New York Life became the leading private insurer with a 12% market share. The hospital arm, Max Healthcare, rebranded to Max Hospitals and acquired Pushpanjali and Lucknow's Sahara Hospital. However, he knew structuring was essential to manage the 10,000 CR group. ✅ 7. In 2012, he sold New York Life Insurance's 26% stake for 2731 CR to Mitsui Sumitomo and became Axis Max life insurance. As he grew from 7836 CR in 2010 to 24,134 CR by 2019, he had served over 9 million customers. The big news arrived in 2019 itself. 🙌 8. On June 22, 2019, KKR-backed Radiant Life Care acquired a 49.7% majority stake and merged with Max Healthcare for 2136 CR. The entity now operated 3,500 beds across India, including Nanavati Hospital, BLK Hospital, and four super-speciality hospitals in Delhi NCR. It became the largest private hospital chain in India. 💪 9. Today, Max Group is a 30,000 crore group with three publicly listed businesses - Max India (Antara), Max Insurance, and Max Asset (real estate). It now has over 20 hospitals and employs 30,000 staff members. 10. But the best part is that, even when Analjit Singh's 10 businesses shut down, he established the Max India Foundation in 2008, which has treated over 34 lakh underprivileged people free of cost. 🙏