Max India managing director Vivek Jetley told The Financial Express that the company is ready to invest in infotech start-ups as and when opportunities arise. "The size of the funds for the purpose will depend on the nature of business potential of the projects and technologies" he added.

The company is also planning to fund projects and ideas in the IT industry sector as an incubator. The strategy is forming the company's plans to acquire domestic software firms in India. Jetley said that the company was currently in the process of identifying software firms for acquisitions.

Recently, the Max group has acquired equity stakes in two American software firms including Altocast LLC and MindCrossing for an undisclosed amount. Max India had also set up a 51:49 per cent joint venture - Comsat Max India - in association with Comsat International of the US.

The company is also looking at setting up a software development centre in New Delhi in association with a foreign partner. According to Jetley, Max India is not planning to raise any funds from the domestic market. The expansion plans will be met by internal resources.

Max, which has already pulled out from the Mumbai mobile circle, is unlikely to make any investments in the cellular industry which is currently facing a consolidation. "Though, the company has been receiving enough enquiries to invest in cellular ventures, we are planning to inject in the existing areas of the group and reap more benefits," he added.

Max India is currently consolidating its businesses in three areas including insurance, healthcare and software. The Max group also has ongoing business interests in telecom services, electronic components, bulk pharmaceuticals and speciality plastics.