Business Responsibility Review

Management Discussion & Analysis

We believe that every child can contribute uniquely to the world. Hence, we are committed to partnering with stakeholders to provide applicable education to our future nation builders.

The calling to make a difference to someone’s life, to serve humanity, and to give back to the society gave birth to the Max India Foundation (MIF). It is with this inclination that Mr Analjit Singh – Founder and Chairman of the Max Group – created Max India Foundation through a trust deed in 2002.

THE GENESIS - MIF 1.0

In 2008, MIF was launched formally as the Corporate Social Responsibility arm of the Max Group. Its charter was reconstituted with a specific focus on providing quality healthcare for underprivileged communities in India. It was considered as an apt choice since the country struggled with basic health issues and affordable healthcare. Besides, being in the ‘Business of Life’, the Max Group companies had access to a wealth of knowledge and expertise in the healthcare sector.

Since 2008, MIF has benefited almost 35 lakh individuals in over 800 locations, while partnering with more than 450 NGOs. Through nearly 750 general and multi-specialty health camps across urban slums and rural areas in India, MIF helped treat more than 1,50,000 patients. Additionally, through its pan-India immunisation programmes, MIF has administered over 17,000 immunisation shots against nine diseases across five Indian states.

The Foundation also adopted two village clusters in Uttarakhand – Dhakrani and Chandrothi and one in Punjab – Rail Majra, primarily for interventions on health-related issues such as sanitation and waste management to improve the quality of life for villagers. It has been over a decade of meaningful work for MIF.

FROM HEALTHCARE TO EDUCATION

Education is the most powerful weapon which you can use to change the world. – Nelson Mandela

2019 brought a wave of transformation within the Max Group, with a shift from Healthcare to Real Estate and Senior Care while retaining some of the earlier businesses such as Life Insurance and Specialty Packaging. As the CSR arm of the Max Group, MIF also began to reassess its core areas.

After an extensive strategy realignment exercise, MIF chose to reinvent itself and identified Education as its new area of focus with a resolve to work towards plugging the gaps in India’s education system, particularly in areas of values-based education and quality schooling.

MIF has benefited almost 35 lakh individuals in over 800 locations, while partnering with more than 450 NGOs. Through nearly 750 general and multi-specialty health camps across urban slums and rural areas in India.

Thus, effective April 2019, MIF 2.0 was born with Tara Singh Vachani as its Managing Trustee.

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Annual Report 2019 - 2020