It will be the 30th international edition of the magazine, which sells more than four million copies globally every month.
Richard Bean, the Maxim international licensing director, said: "Everyone is aware of the size of the Indian market, but the vitality and hunger is difficult to comprehend unless one has spent time there. There is also a dearth of true men's lifestyle magazines."
Launch parties to promote the magazine will be held in Mumbai, New Delhi and Kolkata.