PUNE: Max India, a multi-business corporate, has identified three core
businesses — IT, healthcare and life insurance - as potential areas of further
growth in India. In this regard, Max India has planned to invest nearly Rs 100
crore in the area of information technology.
Founder of Max India Analjit Singh, who was in Pune to announce the launch of
Max New York Life Insurance, told the CNS that the firm's IT initiative will be
largely driven by leveraging domain knowledge and partnership strengths in the
areas of healthcare, financial services and telecom.
"We are chiefly looking at three areas in the IT sector. These include
software solutions, Web-enabled services and IT enabled services," he said.
Max India had recently acquired 62.46 per cent stake in HealthScribe India
(which till recently was a 100 per cent subsidiary of Healthscribe Inc., USA).
HealthScribe is a pioneer in medical transcription in India and provides both
training and employment for candidates. The firm has invested $7 million for the
22 per cent equity in Alta+ Cast LLC, a US-based IT company specializing in
integrating and migrating legacy applications in the area of healthcare
information systems.
Max India has also invested $4 million for 15 per cent equity stake in
MindCrossing Inc., USA an infrastructure and content provider for e-business.
Max Ateev is yet another initiative from the firm. Max Ateev, an information
application solutions firm that specializes in portal, e-commerce and knowledge
management tools, focuses on Web business to build expertise in the healthcare
and financial sectors and develop competencies in expertise exchanges, B2B
communities and application software development.