Max Healthcare CMD Abhay Soi Honored Among India's Top Individual Taxpayers

Mumbai: Abhay Soi, Chairman and Managing Director of Max Healthcare, has been acknowledged as one of the top individual taxpayers in India for the fiscal year 2022-23. This recognition by the Income Tax Department in Mumbai highlights Soi's dedication to nation-building and his commitment to contributing to India's growth and inclusive development.

Abhay Soi, who had paid an income tax of approximately Rs 400 crore in the assessment year 2023-24 has been recognised as the “Top Individual tax payers having gross tax payable > Rs 10 Lakhs”.

"I am honoured to receive this recognition from the Income Tax Department, Mumbai. Paying taxes is not only a legal obligation but also a testament to my commitment to contributing to the growth and development of our country. This honour reflects the importance of every citizen's role in nation-building,” said Abhay Soi, Chairman and Managing Director, Max Healthcare.

Abhay Soi is a first-generation Entrepreneur and has been largely credited with the transformation of Max Healthcare and expanding the hospital network rapidly. Max Healthcare is the one of the largest publicly listed hospital chains in India with a market cap of over USD 10bn, while reserving 7.5% of its beds for free service to patients from economically weaker sections of society. It is a network of 20 hospitals with over 4000 bed capacity and employs over 27,900 personnel.

Maharashtra Governor Ramesh Bais presided over the 165th Income Tax Day celebrations organised by the Income Tax Department Mumbai at Kautilya Bhavan, BKC, Mumbai. July 24 commemorates the introduction of Income Tax in India on the same date in the year 1860.

To celebrate the contribution of tax-payers, the Income Tax Department felicitated top tax-payers in certain pre-defined categories, as directed by the Central Board of Direct Taxes (CBDT).