About Max Financial Services Ltd 
Max Financial Services Ltd
Large Cap
Finance/NBFC
Max Financial Services Limited (MFSL), a part of the $4 billion Max Group, is the holding company for Max Life Insurance Company Limited. The Company owns and actively manages an 87% majority stake in Max Life Insurance , India's largest non-bank owned, private life insurance company. The Company is primarily engaged in the business of making and holding investments in its subsidiary, Max Life Insurance Company Limited and providing management advisory services to Group Companies in India.
Company Coordinates 
Company Details
Bhai Mohan Singh Nagar, Railmajra Tehsil Balachaur Nawanshahr Punjab : 144533
Registrar Details
MAS Services Ltd, T-34 , 2nd Floor, Okhla Industrial Area, Phase - II, New Delhi
Capital Structure 
Present Equity Capital
INR 69.02 Cr
Number of Shares
34.51 Cr
Face Value
INR 2.0
Date
Number
of Shares(Cr)
of Shares(Cr)
Equity
Capital (Rs Cr)
Capital (Rs Cr)
Shares Added
Face Value (Rs)
Reason
08-Jul-2021
34.51
69.02
8003
2
Issued under ESOP Scheme
25-Apr-2021
34.51
69.02
16466
2
iSSUED UNDER esop sCHEME
22-Jan-2021
34.51
69.02
57710
2
Issued under ESOP Scheme
28-Nov-2020
34.5
69.01
75458088
2
Preferential Allotment
15-Apr-2020
26.96
53.91
65017
2
Allotment of Shares
10-Dec-2019
26.95
53.90
110750
2
Issued under ESOP Scheme
26-Mar-2019
26.94
53.89
53978
2
ESOP
18-Mar-2019
26.94
53.88
408308
2
ESOP
05-Apr-2018
26.84
53.68
31710
2
ESOP
01-Sep-2017
26.84
53.68
665000
2
ESOP
Shareholding Snapshot
Shareholding Compare (%holding) 
Majority shareholders
FIIs
Pledged Promoter Holdings
28.6723
Mutual Funds
Held by 32 Schemes (39.88%)
FIIs
Held by 306 FIIs (44.75%)
Promoter with highest holding
Max Ventures Investment Holdings Private Limited (1.62%)
Highest Public shareholder
Mitsui Sumitomo Insurance Company Limited (21.86%)
Individual Investors Holdings
4.58%
Management
Designation
Remuneration
Aman Mehta
Non-Exec. & Independent Dir.
36.0 lacs
Dinesh Kumar Mittal
Non-Exec. & Independent Dir.
35.0 lacs
Analjit Singh
Chairman (Non-Executive)
1.06 cr
Sahil Vachani
Non Executive Director
7.0 lacs
Jai Arya
Non-Exec. & Independent Dir.
31.0 lacs
Charles Richard Vernon Stagg
Non-Exec. & Independent Dir.
24.0 lacs
Hideaki Nomura
Director
0
Mitsuru Yasuda
Director
0
K Narasimha Murthy
Independent Director
29.0 lacs
Gauri Padmanabhan
Independent Director
2.0 lacs
Raw Materials Dashboard 
Raw Materials
Amount(Rs Cr)
% of RM Cost
No Data Available for Raw Material Segmentation
No Data Available
Finished Goods Dashboard 
Finished Goods
Amount(Rs Cr)
% of Sales Turnover
Income from Investment Activities - Profit on Sale of Investment
8.32
2.63%
Income from Investment Activities - Profit on Sale of Investment
Income from Investment Activities - Profit on Sale of Investment
Revenue and Profits:
Net Sales:
8,923 Cr
(Quarterly Results - Dec 2024)
Net Profit:
56 Cr
Finance/NBFC
INR 40,209 Cr (Large Cap)
160.00
20
0.00%
0.10
6.66%
7.78