Max Ventures and Industries Limited (MaxVIL), a part of the US$ 3 billion Max Group, is the holding company for Max Speciality Films, an innovation leader in the Speciality Packaging Films business. In addition to manufacturing, the Company also serves as the Group’s entrepreneurial arm to explore the ‘wider world of business’, especially taking cues from the economic and commercial reforms agenda of the present Government and the positive initiatives of the Prime Minister, including ‘Make in India’, ‘Skill India’, ‘Digital India’, among others.
The Company’s vision is to address the wider world of business opportunities in India and abroad with fresh standards of entrepreneurial excellence. This vision is founded on a clear set of values that are shared across the Group – Sevabhav, Excellence and Credibility. With this vision, MaxVIL has incorporated three new subsidiaries, which are Max Estates, the real estate arm of the Max Group with the vision to bring the Group’s values of Sevabhav, Excellence and Credibility to the Indian real estate sector, Max I. Limited, a fully owned special purpose vehicle, will facilitate Intellectual & Financial Capital to promising and proven early-stage organizations across identified sunrise sectors and Max Learning Limited, which is focused on the education sector.
The current policy thrust of ‘Make in India’ campaign, has the potential to reinvigorate the Indian industrial sector and is a key driving force for the Company.
In January 2017, a subsidiary of New York Life Insurance Company, one of the largest life insurers in the world, invested in MaxVIL by acquiring 22.51% equity stake in the company. MaxVIL also inducted Toppan printing, Japan as Joint Venture partners for Max Speciality films. Toppan acquired 49% stake in MaxVIL’s flagship manufacturing business in February 2017.
The other entities in the Max Group are Max Financial Services Limited, which house the life insurance business and Max India Limited, which houses subsidiaries in healthcare, health insurance, and senior living.
Following the demerger of the erstwhile consolidated Max India Limited, the Max Group continues to be bound together by common values and works together to benefit from enterprise synergies.
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