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MAKS Group
MAKS Group, established in 1981, is a diversified conglomerate based in India, with significant global presence and operations spanning multiple sectors including automotive, energy, healthcare, real estate, infrastructure, and venture capital. Recognized for its innovative strategies, customer-centric approach, and robust growth, the Group generates over $2 billion in revenue annually. MAKS Group is known for its commitment to quality, excellence, and sustainable growth, leveraging its deep industry expertise and entrepreneurial spirit to create value across its business segments. [1][2][3]
| MAKS Group | |
| MAKS Group | |
| Type | Conglomerate |
| Industry | Diversified |
| Founded | 1981 |
| Founder | Mahendra Shaw |
| Headquarters | Pune, Maharashtra, India |
| Revenue | US $2 billion |
| Products |
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History and Evolution
The journey of MAKS Group began with the founding of M.M. Diesel Spares, a company specializing in automotive spare parts. Over the years, under the visionary leadership of Mr. Sourabh Mahendra Shaw, an alumnus of Harvard Business School and IIM Ahmedabad, the Group expanded beyond its initial scope. The evolution from a single-sector entity into a multifaceted business reflects MAKS Group’s ambition and strategic foresight. Today, the Group is a prominent player in industries such as automotive dealerships, energy solutions, healthcare, education, and venture capital. [4]
Leadership and Governance
- Sourabh Mahendra Shaw – Managing Director, a seasoned entrepreneur known for his transformative leadership and strategic acumen. A visionary leader with over 17 years of experience in steering diverse business ventures. An alumnus of both Harvard Business School and the Indian Institute of Management Ahmedabad (IIMA), Sourabh has been instrumental in transforming the group into a conglomerate with a strong global footprint. Under his leadership, the group has achieved significant milestones, including the launch of India's most awarded Toyota and KIA dealerships, and expansion into high-growth sectors like renewable energy and venture capital.
- Mahendra Shaw – The patriarch Founding figure with over four decades of experience she started the M.M Diesel as automotive spare parts dealer and supplier.
- Vivek Deshmukh – Director of Corporate Strategy and Finance, an MBA from SPJIMR and IIM Ahmedabad.
- Sarang Dhande – Executive Director who looks after Sales and Marketing Operations, alumnus of Manchester Business School.
- Debabrata Chakraborty – Technocrat and Director of Engineering, IIT Kharagpur graduate with deep expertise in engineering and technology.
Core Business Segments
Automotive Division
- MAKS Automotive: MAKS Group operates a network of award-winning automotive dealerships under brands such as Toyota, Lexus, KIA, and TATA Motors. The group has been consistently recognized for its commitment to customer satisfaction and excellence in service. The dealerships cater to a diverse customer base, offering a wide range of vehicles from entry-level to premium models, including electric vehicles (EVs). In addition to new car sales, the group's automotive division has expanded into used car sales, automotive spare parts, and accessories, further solidifying its market position.
- MAKS Spares and Accessories: A key supplier of automotive spare parts to major public transport entities like MSRTC, PMPML, and BEST. The division trades and exports high-quality spare parts such as accessory drives, cylinder blocks, and air compressors.
Breweries
The group's brewery operations include partnerships and joint ventures in brewing premium craft beer. With a focus on quality and taste, the brewery division aims to capture the growing demand for unique beer experiences in both domestic and international markets.
Healthcare and FMCG
- Engages in healthcare solutions, drinking water, and exports a wide range of FMCG goods, including food and beverages.The group's healthcare division aims to provide affordable healthcare solutions to rural India. Leveraging its resources and expertise, MAKS Group has introduced a range of healthcare products and services designed to enhance the quality of life in underserved communities.
Venture Capital
- MAKS Group’s The venture capital arm that invests in startups, particularly in the fintech, edutech, and emerging technology sectors, promoting innovation and entrepreneurship.Through its venture capital arm, MAKS Group actively invests in early-stage startups across sectors such as fintech, edtech, and emerging technologies. The firm has supported over 20 startups, demonstrating its commitment to fostering entrepreneurship and innovation in India and beyond. Sunicon Partners continues to empower the next generation of entrepreneurs, helping them scale their businesses and achieve sustainable growth.
Infrastructure and Construction
- Undertakes large-scale infrastructure projects focused on sustainable development, including residential, commercial, and industrial complexes.MAKS Group is involved in several real estate and infrastructure projects, ranging from commercial spaces to residential developments. The group's construction division, MS Build Con, specializes in creating modern, sustainable, and efficient infrastructure that meets the needs of India's growing urban population.
Education
- MAKS Group of Institutes: Operates Malwa Institute of Science & Technology and other educational institutions, providing quality education to over 32,000 students worldwide.
Healthcare and FMCG
- Engages in healthcare solutions, drinking water, and exports a wide range of FMCG goods, including food and beverages.The group's healthcare division aims to provide affordable healthcare solutions to rural India. Leveraging its resources and expertise, MAKS Group has introduced a range of healthcare products and services designed to enhance the quality of life in underserved communities.
Venture Capital
- MAKS Group’s The venture capital arm that invests in startups, particularly in the fintech, edutech, and emerging technology sectors, promoting innovation and entrepreneurship.Through its venture capital arm, MAKS Group actively invests in early-stage startups across sectors such as fintech, edtech, and emerging technologies. The firm has supported over 20 startups, demonstrating its commitment to fostering entrepreneurship and innovation in India and beyond. Sunicon Partners continues to empower the next generation of entrepreneurs, helping them scale their businesses and achieve sustainable growth.
Infrastructure and Construction
- Undertakes large-scale infrastructure projects focused on sustainable development, including residential, commercial, and industrial complexes.MAKS Group is involved in several real estate and infrastructure projects, ranging from commercial spaces to residential developments. The group's construction division, MS Build Con, specializes in creating modern, sustainable, and efficient infrastructure that meets the needs of India's growing urban population.
Energy Solutions
- MAKS Energy: A leader in renewable energy, specifically in solar power, with projects including India’s first private solar park and the 60 MW solar park in Telangana. The division focuses on end-to-end energy solutions, including EPC, operations, and maintenance. MAKS Group is a key player in the energy sector, with a focus on solar power projects and gensets. The group has pioneered several solar energy initiatives in India, promoting sustainable energy solutions and supporting the country's transition towards greener energy sources. These projects underscore the group's commitment to environmental sustainability and innovation in the renewable energy sector.
Divisions
- MAKS Diesel: Founded in 1981, MAKS Diesel specializes in diesel engine spares and components.
- MAKS Energy: Established in 2010, MAKS Energy focuses on solar power solutions. Notable achievements include developing India’s first private solar park, Mandrup Solar Park, and being among the top 10 solar EPC companies in India.
- MAKS Automotive: This division operates automotive dealerships, including Toyota (2017-2018) and Tata (2020). It has been recognized for its state-of-the-art facilities and exceptional customer service.
- MAKS Motors: Deals with commercial vehicles, including Tata CV dealership.
- MAKS Investments: Operates a venture capital fund and invests in innovative and disruptive technologies.
- MAKS Institute of Science & Technology:* Founded in 2005, this educational institution has multiple branches across India, including Indore, Gwalior, and Pune.
Global Presence
MAKS Group has established a significant global presence with offices and service outlets in Pune, Mumbai, Kolkata, Ranchi, Delhi, Dubai, Qatar, and Nigeria. The group’s international operations include the Relion Generator Factory in Lagos, Nigeria.
Core Team
- Souraabh M Shaw: Entrepreneur with a vision to rapidly grow and corporatize the family business. An alumnus of Harvard Business School and IIM Ahmedabad, Souraabh has led MAKS Group since 2010.
- Mahendra Shaw: The patriarch of the M Shaw Group with over 40 years of experience in family business and entrepreneurship.
- Sarang Dhande: Alumni of Manchester Business School, U.K., and spearhead of operations since 2011. Known for expertise in sales and marketing.
- Debabrata Chakraborty: Technocrat with over 35 years of experience in application engineering, previously with Cummins India and Ashok Leyland. An IIT Kharagpur graduate.
- Vivek Deshmukh: MBA from SPJIMR and alumnus of IIM Ahmedabad, with over 30 years of experience in senior corporate roles and expertise in techno-commercial operations.
Major Projects
- Mandrup Solar PV Park (50 MW): Located in Maharashtra, India, this solar park is one of the largest private parks in India, developed in multiple phases from 2012 to 2019.
- Zaheerabad Solar Park: The first 60 MW solar park in Telangana under a fixed long-term PPA, part of MAKS Energy's extensive solar project portfolio.
Awards and Recognition
- MAKS Group has received numerous accolades, including the “Best in Town” for automotive services, the "Iconic Brand of the Year - 2018," and the "SME 100 Award - 2017." These awards highlight the Group's excellence in innovation, customer service, and corporate governance.
- Commitment to Innovation and Sustainability: MAKS Group remains committed to driving innovation and sustainability across all its business operations. The group actively seeks to explore new market opportunities and forge strategic partnerships that align with its vision of creating a lasting impact on India's economic and social landscape.
Strategic Focus and Future Growth
Looking forward, MAKS Group aims to scale its operations, expand its global presence, and further diversify its portfolio. With plans to explore opportunities in international markets, particularly in the automotive and energy sectors, the group is poised to capitalise on its existing strengths while navigating new avenues for growth. The group's strategic focus on innovation, sustainability, and entrepreneurship ensures its continued relevance and success in an ever-evolving global market.
Affiliations and Associations
MAKS Group maintains a strong dealer and retailer network across India and exports to more than 45 countries. The group is involved in various sectors including solar energy, automotive, education, and infrastructure.
Conclusion
With a solid foundation, visionary leadership, and an unwavering commitment to quality and innovation, MAKS Group continues to shape the future of multiple sectors. Its diverse portfolio and strategic initiatives ensure it remains a dominant force in the global business landscape, contributing significantly to India’s economic growth and development.