I don't want a Ranbaxy or a Vijay Mallya legacy, says Analjit Singh

He said insurance business is well template, it has attracted and retained professional management at a much higher level than in healthcare

The Max Healthcare board on Monday cleared the proposal of KKR-backed Radiant Life to acquire a majority stake in the firm via merger. Chairman Analjit Singh tells Surajeet Das Gupta and Veena Mani about his reasons to exit healthcare and his new focus areas. Edited excerpts:

What is the reason for your exit from healthcare business?  

It is something analogous to what happened in telecom to us. We had a licence in Mumbai and started operations. We participated in biddings for three circles of Gujarat, Maharashtra, and Punjab, but the winning bid was four times ours. I quickly saw the writing on