Max Financial Services was formed in January 2016, as the result of a three way demerger of Max India. MFS is the holding company for Max Life, India’s largest non-bank promoted private life insurance company. With MFS going public, this will be the first quasi-listing of a private life insurance company in India and thus, the only opportunity for investors to get access to pure life insurance business.
Max Financial Services provides undiluted access to investors in a well-run and fundamentally strong life insurance business. MFS currently holds 70.75% stake in Max Life, which reported a Gross Written Premium of Rs. 10,780 crore in FY2017, growing 17% over the previous year. Max Life’s share capital of Rs. 1919 crore with a solvency margin of 309% is indicative of its financial strength and stability. As on 31st March 2017, it was managing assets worth Rs. 44,370 crore. Max Life reported Profit before Tax of Rs. 768 crore in FY2017.
- 6th August 2018
Max Financial Services reports Q1 Consolidated Revenues1 of Rs. 3,099 Cr., growing 21%
- 23rd July 2018:
Analjit Singh Appointed as Non-Executive Chairman on the Board of Max Financial Services Limited
- 25th May 2018:
Max Financial Services reports Consolidated Revenues of Rs. 14,967 Cr. in FY2018, grows 15%;
Max Life Embedded Value at Rs 7,509 Cr., Operating RoEV 20.6%
- 25th May 2018:
Sahil Vachani Appointed as Director on the Boards of Max Financial Services and Max Life Insurance
- 9th August 2017:
Max Financial Services Q1 Consolidated Revenues1 grow 14% to Rs. 2,566 Cr.
- 31st July 2017:
Max merger with HDFC Life called off
- 30th May 2017:
Max Financial Services reports strong performance in FY2017
- 10th February 2017:
Max Financial Services reports strong Q3 performance; PAT grows 52% to Rs. 160 Cr.
- 25 th November 2016:
Max Financial Services announces Embedded Value (EV) for Max Life at Rs. 6,204 Cr.*; Return on EV (RoEV): 22%
- 4th November 2016:
Max Financial Services Consolidated Profit Before Tax for the half year ended September 2016 grew 27% to Rs. 313 cr.