Maxvil, part of the multi-business conglomerate Max Group, operates in two business areas with real estate and special packaging films. With over 470 employees, net sales amounted to INR 2,890 million, which corresponds to a growth rate of 18 percent compared to the previous year.
Sahil Vachani is CEO and Managing Director of Max Ventures and Industries Limited, one of three publicly traded companies in the Indian conglomerate The Max Group, valued at $ 3 billion.
The Max Group has excellent partnerships with Mitsui Sumitomo (Japan) and Toppan (Japan) for their life insurance and specialty films businesses, and with New York Life for Max India and MaxVIL. Over the years, these partnerships have grown, evolved, and matured into strong relationships.
Max Estates Limited (MEL), Max Group’s real estate sector, is focused on developing Class A commercial real estate in NCR, one of the three largest real estate markets in India. It is complemented by Max Asset Services Limited (MAS), which focuses on the provision of real estate as service facility management, community development and managed offices for commercial real estate, and Max Investments Limited (Max I.), the Estate Tech Investments focuses exclusively on promising properties. While Max SpecialtyFilms Limited (MSFL) produces BOPP (Biaxial Oriented Polypropylene) films in differentiated quality for the packaging film industry.
STRONG GLOBAL TIES
Vachani joined Max Group in 2016 with the aim of creating a strong real estate brand – Max Estates Limited – and positioning MaxVIL’s other businesses for growth. Since taking up his role at MaxVIL, he has successfully completed important transactions that will have a lasting impact on the company’s growth journey over the next few years. These include the addition of the New York Life Insurance Company as an investor with 22.5 percent in MaxVIL and the introduction of Toppan Printing Co. Ltd., Japan (Toppan) as a joint venture partner with 49 percent of MaxVIL’s legacy manufacturing business – Max Specialty Films (MSF).
Vachani began his career as an investment banker with Citigroup in London, where he worked on mergers and acquisitions in the Middle East and Africa. In 2004, he moved to Dixon Technologies, a consumer goods manufacturing company, as Business Head, and built new industries in multiple locations. He has been involved in new product launches, new manufacturing facilities and relationships with leading brands as customers.
GEAR FOR SCALING
Vachani shared his plans for the future, saying, “In three years I see myself scaling the real estate business across multiple asset classes and at the same time making a positive impact on the lives of many more people, as I believe that people are what build a society. ”
Under his leadership, Max Estates recently opened its doors to its flagship office project, Max Towers, located on the Delhi-Noida Directway (DND) and just a few minutes’ drive from South Delhi’s business centers such as Okhla and Nehru Place.
With an investment of almost Rs 600 crores and a super built area of over 5.5 lakh sq ft, Max Towers is a blend of thoughtful design and superior hospitality that contributes to the integration of work and life through the philosophy of ‘WorkWell’.
It was developed in a brisk period of roughly two years and is probably the only stressed real estate asset in northern India to see such rapid resurgence and completion.
Vachani is currently focused on Max Estates’ second project, the redevelopment of the Max House in Okhla, New Delhi, which is already being worked on.