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The Max(ed) deal
In 2019, Abhay got the opportunity to partner with Max. He seized the opportunity as it was precisely the kind of task he revelled in. Abhay’s biggest upfront task was to restructure the hospital chain that was reeling under low margins and cost inefficiencies. Abhay spent three years restructuring the business and successfully drove top-line growth and bottomline margin improvements. By June 2020, Max Healthcare Institute (merger and demerger of Radiant Life, Max Healthcare, and Max India) emerged as India’s second-largest hospital company by market capitalization and revenue.
Punching a hole through the sky…
A quick look at the financial performances of the hospitals he leads will reveal that Abhay’s midas touch continues to work. Abhay has successfully redefined the paradigm by not imposing his brand, but by maneuvering a quick turnaround while banking on the hospitals’ existing goodwill to reintroduce them as modern, super-speciality hospitals. But Abhay is not a man in a hurry. “I want to focus more on philanthropy through the Soi Foundation, which my wife manages. Together we want to focus on women empowerment, girl education, and medical facilities for the unprivileged. Kindness makes the world go round,” he concluded.