Login
Open Demat Account
Open Demat A/C
Offerings
+
Research
Markets+
Talking Finance+
Support+
Media+
Partner Us+
Trade LoginReports LoginIFD Partner Login
Demo
Close Language Tab
Locate us
Languages
  • Home
  • Company Information
  • Max Financial Services Ltd
M
Max Financial Services Ltd Finance
₹ 1,508.20 +3.30 (0.22%)
  • NSE
  • BSE

Overview

  • BSE Code 500271
  • NSE Symbol MFSL
  • ISIN Demat INE180A01020
  • Book Value (₹) 195.38
  • Face Value (₹) 2.00
  • Market Cap (₹ Cr.) 53,107.99
  • P/E (TTM) 0.00
  • EPS (TTM) 0.00
  • Div Yield (%) 0.00

Performance

Today’s Low 1,481.00
Today’s High 1,513.40

1,508.20
52W Low 950.00
52W High 1,666.90

1,508.20
Open 1,509.90
Prev. Close 1,504.90
Volume 9,65,548.00

Corporate Actions

Max Financial Services Limited - Updates
Apr 16, 2025

Max Financial Services Limited has informed the Exchange regarding 'Intimation of submission of application for reclassification of a promoter to public category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. '.

About Max Financial Services Ltd

History

Max Financial Services Ltd, incorporated in February 1988, is part of the Max Group, a prominent business conglomerate in India core prioritying on Life Insurance. It owns and actively manages an 87% majority stake in Max Life Insurance, which is India's largest non-bank, private life insurance company. The company was listed on the BSE on November 1st, 1989. Max Financial Services (MFS) was formed after the demerger of Max India Limited in January 2016. The demerger resulted in 3 separate entities: Max Financial Services (life insurance), Max India (healthcare and allied businesses), and Max Ventures & Industries (manufacturing industries and new entrepreneurial ventures). Max Financial Services continued to evolve with strategic partnerships and investments. In July 2017, the proposed merger with HDFC Standard Life Insurance Company Ltd. (HDFC Life) was called off. The company made a strategic entry into into partnerships, such as the one with Axis Bank, in February 2020. The company increased its equity stake in Max Life over the years. Notable investments include issuing equity shares to Mitsui Sumitomo Insurance Company Limited (MSI) in March 2020. In April 2021, Max Life made a strategic entry into into a long-term strategic partnership with Axis Bank, with Axis Bank acquiring a 29% equity stake in Max Life. As of March 31, 2023, the company has notable group shareholders, including MSI, Ward Ferry, New York Life, Baron, GIC, Vanguard, Mirae Capital, and the Asset Management Companies of Nippon, HDFC, ICICI, Prudential, Kotak, Motilal Oswal, Sundaram, and DSP.

Business Segments

Max Financial Services Ltd. is a diversified financial services company with 2 primary business segments:
  • Life Insurance:Max Life Insurance Company Limited is India's largest non-bank-owned private life insurance company. It delivers a comprehensive range of individual and group life insurance products, as well as pension plans and annuity products. Max Life has a strong distribution network and a growing presence in the online and digital spaces.
  • Business Investments:Max Financial Services also invests in other companies, primarily in the financial services sector. These investments provide the organization with a diversified income stream and help expand its reach into new markets.
Subsidiaries of Max Financial Services Limited Max Life Insurance Company Limited supplies comprehensive life insurance solutions for protection and long-term savings. They reach customers through various channels, including agencies and third-party partners. Max Financial Services Limited, the company behind Max Life Insurance, is committed to social responsibility through initiatives like the Max India Foundation, core prioritying on empowering children with education and livelihood skills. Moreover, Max Financial Services holds a significant stake in Max Life Insurance, a successful 70:30 joint venture with Axis Bank. This partnership has effectively served over 19 lakh customers with long-term savings and protection products.

Key Personnel

Mr. Analjit Singh, Founder and Chairman Mr Analjit Singh is the Founder and Chairman of Max Group and has diverse interests in life insurance (Max Life), real estate (Max Estates), and senior living (Antara). Renowned for successful joint ventures with global firms, including Mitsui Sumitomo, New York Life, and Bupa, he also founded Leeu Collection, a group of boutique hotels with a significant presence in wine and viticulture. Awarded the Padma Bhushan, he served as the Honorary Consul General of the Republic of San Marino in India and as a Director on the Board of Sofina NV/SA, Belgium. Until August 2018, he was the non-executive Chairman of Vodafone India.

Management Outlook

  • Max Financial Services Ltd anticipates India's insurance sector to be the world's sixth-largest by 2032, with a projected annual average surge of 14% in total premiums over the next decade. The life insurance segment is expected to exhibit significant growth, registering a substantial 9% annual growth (realistically) by 2032, positioning India as the fifth-largest life insurance market globally.
  • The pandemic has heightened awareness of the need for life insurance, increasing demand in the sector. The recent increase in the Foreign Direct Investment (FDI) limit for insurance companies is expected to attract long-term capital, global technology, processes, and international best practices.
  • Collaboration with Axis Bank as a co-promoter since FY 2022 positions Max Life strategically, combining the strengths of the third-largest private bank and the fourth-largest private life insurer in India.
  • Max Life's 3-year enterprise plan for FY24-26 core priorityes on Sustainable and Profitable Growth, Product Innovation to drive margins, Customer Centricity, Digitisation, and Human Capital. The management team has undertaken a comprehensive review to redefine growth ambitions and enhance the strategic framework for consistent and profitable growth.
  • The organization is committed to ensuring the financial protection of the community by leading with agility and transitioning enterprise processes onto digital channels. Consumer receptiveness drives digital adoption in the industry, showcasing comfort in engaging through online channels.
Founded: 1988
Chairman: Analjit Singh
Address: Bhai Mohan Singh Nagar, Railmajra Tehsil Balachaur, Nawanshahr, Punjab, 144533,
HO Tel: +91 120 4696000