The Max Group is a leading Indian multi-business conglomerate with interests in the Life Insurance, Healthcare, Real Estate and Senior Living industries. In FY2019, the Group recorded consolidated revenue of Rs. 24,134 Cr. It currently has a total customer base of 9 million, around 340 offices spread across India, an agency strength of ~46,000 and employee strength of more than 27,000.
The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries. The Group’s investor base includes marquee global financial institutions such as New York Life, KKR, IFC Washington, Vanguard, Ward Ferry, Briarwood Capital, Ellipsis Partners, Nomura, Aberdeen, First State Investments, Indgrowth Capital Fund, India Insight Value Fund, First Voyager, Eastspring, Target Asset Management, Baron and Doric Capital.
The Max Group is led by its Founder and Chairman Mr. Analjit Singh.
The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries. The Group’s investor base includes marquee global financial institutions such as New York Life, KKR, IFC Washington, Vanguard, Ward Ferry, Briarwood Capital, Ellipsis Partners, Nomura, Aberdeen, First State Investments, Indgrowth Capital Fund, India Insight Value Fund, First Voyager, Eastspring, Target Asset Management, Baron and Doric Capital.
The Max Group is led by its Founder and Chairman Mr. Analjit Singh.
Location: India, Uttar Pradesh
Employees: 1-10
Phone: +1 269-336-1010
Founded date: 1985
Investors 1
| Date | Name | Website |
| - | Kohlberg K... | kkr.com |
Mentions in press and media 10
| Date | Title | Description |
| 19.06.2024 | Axis Bank to acquire additional stake in Max Life Insurance upto ₹336 crore | Axis Bank has decided to raise its shareholding in Max Life Insurance for an amount of up to ₹336 crore. This transaction would lead to the aggregate shareholding of the Axis Entities going up from 19.02 per cent to 19.66 per cent. The Acqu... |
| 07.02.2024 | Max Financial Services Limited 9MFY24 Consolidated Revenue Rises to Rs 18,398 Crore, Up 16%; Consolidated PAT Grows to Rs 443 Crore, Up 11%, Max Life New Sales Grew at 18% Against 9% Private Industry ... | Gurugram, Haryana, India Max Life Results Highlights 9MFY24: Individual Adjusted First Year Premium at Rs 4,285 Crore, Up 19%, Proprietary channels grew 44% Gross Written Premium at Rs 18,793 Crore, Up 16% Embedded Value at Rs 18,709 Crore;... |
| 10.08.2023 | Axis Bank to Infuse Rs. 1,612 crore in Max Life, Stake to Go up to 19.02% | New Delhi, Delhi, India Max Life Results Highlights Q1FY24: New Business Premium: Rs. 1857 Crore, Up 25%, Proprietary channels grew 23% Gross Written Premium: Rs. 4,871 Crore, Up 19%. Embedded Value at Rs. 16,938 Crore; Operating RoEV at 14... |
| 13.05.2023 | Max Financial Services FY23 Profit After Tax Rises 42% to Rs. 452 Crore; Max Life Records Highest Ever New Business Margin (NBM) of 31.2%; Value of New Business Surges 28% in FY23 | Noida, Uttar Pradesh, India Max Life Results Highlights (FY23): New Business Premium: Rs. 8,960 Crore, Up 13%, Proprietary channels grew 43% Gross Premium: Rs. 25,342 crore, Up 13% Embedded Value at Rs. 16,263 crore; Operating RoEV of 22.1%... |
| 31.01.2023 | Max Financial Services Limited Consolidated Revenue at Rs. 15,890 Cr, grows 12 percent in 9MFY23; Max Life Records Highest Ever Quarterly New Business Margin of 39.2 percent in Q3FY23 | Noida, Uttar Pradesh, India Results Highlights 9MFY23: Max Financial completed acquisition of 5.17% stake of Max Life from MSI in Dec’22, post-acquisition Max Financial shareholding in Max Life increased to 87% Agreements amended with Axis ... |
| 03.12.2022 | Max Financial Services: Company worth ₹24,000 crore running with only 12 employees | Ranking 166th on the Hurun list, Max Financial Services Limited (MFSL) share price witnessed a 8% increase within the past week. MFSL manages an 81.83% majority stake in Max Life Insurance, India’s largest non-bank, private life insurance c... |
| 19.10.2022 | Max Financial Services H1FY23 Consolidated Revenue^ Rises 12 percent to Rs. 9,720 Crore, Profit After Tax Grows 56 percent to Rs. 130 Crore | Noida, Uttar Pradesh, India Max Life Results Highlights H1FY23 New Business Premium*: Rs. 3,378 Crore, Up 9%, Proprietary channels grew 23% Gross Written Premium: Rs. 9,904 Crore, Up 12%. Embedded Value at Rs. 14,704 Crore; Operating RoEV a... |
| 01.08.2022 | Max Financial Services Q1FY23 Consolidated Revenue Rises 17 percent, with a 91 percent Profit after Tax | Noida, Uttar Pradesh, India Max Life Results Highlights Q1 (FY23): New Business Premiums (on APE basis): Rs 1,009 Crore, Up 15%. Gross Written Premium: Rs 4,103 Crore, Up 18%. Embedded Value at Rs 14,152 Crore; Operating RoEV at 13.5%. Valu... |
| 28.01.2022 | Max Financial Services 9MFY22 Consolidated Revenue^ Rises 21 percent to Rs. 14,160 Cr. | New Delhi, Delhi, India Max Life Results Highlights (9MFY22) Total Assets Under Management (AUM): Rs. 102,471 Cr., Up 21% Gross Written Premium: Rs. 14,415 Cr., Up 21% Embedded Value at Rs. 13,412 Cr.; Operating RoEV at 19.2%** Value of New... |
| 13.02.2020 | New York Life to invest $12 mn in Max Group’s Noida office project | New York Life Insurance Company is taking a 49% stake in a Max Group unit that’s building an office project in Noida. The American insurer will invest Rs 85.74 crore ($12 million) for the stake in Northern Propmart Solutions Ltd, Max Ventur... |