Analjit Singh, the new non-executive Chairman of the Indian unit of Vodafone has said Indian business is planning to get listed in the country and will soon come out with an Initial Public Offering (IPO).

He said that the company is still considering the decision but the final decision is yet to be taken on the matter.

Singh is the founder chairman of Max India as well as its subsidiaries such as Max New York Life Insurance Company, Max Healthcare Institute and Max Bupa Health Insurance Company. Interestingly, he also founded Max Telecom that later become Hutchison India and finally Vodafone India. He already owns 17 per cent stake in Vodafone India.

Vodafone Chief Executive Officer Vittorio Colao had said that the company was not able to proceed with its listing plans due to an ongoing case that created an uncertain regulatory environment for the company.

The Supreme Court of India announced recently its decision on the long-standing case involving global telecom sector giant and the Indian authorities relating to the payment of taxes in the country. The company's victory in a case lasting more than four years came as the Surpreme Court dismissed the government's demand for $2.2 billion in taxes from Vodafone for its acquisition of Hutchison Whampoa Ltd's India operations in 2007.

Vodafone Essar has 146 million customers and enjoys a 17 percent market share, which makes it the third biggest telecom service provider in India.