MAX FINANCIAL SERVICES

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PRESS RELEASES


6th April 2021 :

Axis Bank becomes a co-promoter of Max Life

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24th Feb 2021 :

IRDAI approvesAxis Entities’ stake acquisition in Max Life Insurance Axis to become a Joint Venture partner in Max Life insurance

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9th FEBRUARY 2021:

Max Financial Services Ltd. Consolidated Revenue[1] up 68% to Rs. 8,990 Cr., PAT up 54% to Rs. 227 Cr. in Q3 FY21

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28th November 2020:

IRDAI approves swap of Mitsui Sumitomo’s Max Life stake with its listed parent Max Financial Services

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19th November 2020:

DEA approves swap of Mitsui Sumitomo’s Max Life stake with its listed parent Max Financial Services

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30th October 2020:

Max Financial Services Revenue1 up 50% to Rs. 7,020 Cr., PAT up 26% to Rs. 81 Cr. in Q2 FY21

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28th October 2020:

Mohit Talwar completes tenure as Max Group Vice Chairman. Tara Singh Vachani becomes Vice Chairperson, Max India. Rajit Mehta to become MD, Max India

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30th July 2020:

Max Financial Services Becomes the First Large Private Sector Corporate to Settle Tax Dispute Under Vivad Se Vishwas Scheme

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13th May 2020:

Max Financial Services Becomes the First Large Private Sector Corporate to Settle Tax Dispute Under Vivad Se Vishwas Scheme

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28th April 2020:

Max Life to be 70:30 joint venture between Max Financial Services and Axis Bank

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06th April 2020:

Max Group launches initiative to gather one lakh Social Isolation pledges.

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04th March 2020:

Mitsui Sumitomo to Acquire 21.87% Stake in Max Financial Services through a Share Swap

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20th February 2020:

Axis Bank to explore long-term strategic partnership with Max Life

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12th February 2020:

Max Financial Services’ subsidiary Max Life’s Embedded Value Crosses Rs. 10,000 Cr. Mark; Max Financial Services Q3FY20 Consolidated Revenue1 Grows 19% to Rs. 5,366 Cr

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6th November 2019:

Max Financial Services H1fy20 Consolidated Revenue1 Grows 10% To Rs. 8,635 Cr.; Max Life Reports Strong Growth In Sales, Value Of New Business And Margin

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6th August 2019:

Max Financial Services Consolidated Revenue at Rs. 3,949 Cr., grows 11% y-o-y Mitsui Sumitomo Insurance to Acquire 21.45% Stake in MFS via Swapping its 19.98% stake in Max Life Insurance

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28th May 2019:

Max Financial Services reports Consolidated Revenues of Rs. 17,538 Cr. in FY2019, grows 17%; Max Life Embedded Value at Rs 8,938 Cr., Operating RoEV 22%

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11th February 2019:

Rahul Khosla to transition from Group President to a Group Advisor role in line with agreed plans

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11th February, 2019:

Max Financial Services Reports Q3 Consolidated Revenues of Rs. 4,124 Cr., growing 12%

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14th November 2018:

Max Financial Services reports Q2 Consolidated Revenues1 of Rs. 4,075 Cr., growing 18%

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6th August 2018:

Max Financial Services reports Q1 Consolidated Revenues1 of Rs. 3,099 Cr., growing 21%

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23rd July 2018:

Analjit Singh Appointed as Non-Executive Chairman on the Board of Max Financial Services Limited

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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%

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25th May 2018:

Sahil Vachani Appointed as Director on the Boards of Max Financial Services and Max Life Insurance

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9th August 2017:

Max Financial Services Q1 Consolidated Revenues

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31st July 2017:

Max merger with HDFC Life called off

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30th May 2017:

Max Financial Services reports strong performance in FY2017

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10th February 2017:

Max Financial Services reports strong Q3 performance; PAT grows 52% to Rs. 160 Cr.

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25th November 2016:

Max Financial Services announces Embedded Value (EV) for Max Life at Rs. 6,204 Cr.*; Return on EV (RoEV): 22%

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4th November 2016:

Max Financial Services Consolidated Profit Before Tax for the half year ended September 2016 grew 27% to Rs. 313 cr.

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8 August 2016:

Max Financials Services Q1 FY17 Consolidated Revenue Rises by 17%, to Rs. 2,242 Cr.

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8 August 2016:

HDFC Life, Max Group Entities finalize merger of Life Insurance Businesses

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17 June, 2016:

HDFC Life, Max Life and Max Financial Services Announces Entering into Exclusivity to Evaluate a Strategic Combination

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31 May, 2016:

Max Financial Services Debuts with an Impressive Rs. 465 Cr. Consolidated Profit for FY2015-16

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12 February, 2016:

Max Financial Services Limited Makes its Listing Debut with Stellar Profits

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20 JANUARY, 2016:

Max India shares to trade ex-demerger from 27th Jan

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14 JANUARY, 2016:

Leadership Transformation in the Max Group

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12 JANUARY, 2016:

Max India Concludes 3 Way Demerger to Unlock Value

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24 December, 2015:

Max India’s Demerger Receives Court Approval

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26 November, 2015:

Max India announces the Embedded Value (EV) for Max Life at Rs. 5,363 Cr.

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23 November, 2015:

Bupa to pay Rs. 191 crore to Max India to raise stake in Max Bupa by 23%.

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28 October, 2015:

Max Healthcare partners Smart Health City to operate and manage South Delhi based Saket City Hospital

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6 August, 2015:

Max India’s Corporate Restructuring Plan Receives Formal Shareholder Approval

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22 March, 2015:

Max India Foundation salutes Breast Cancer survivors in a gala event ‘Celebrate Me’

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28 May, 2015:

Max Healthcare to acquire 76% stake in NCR based Pushpanjali Crosslay Hospital for Rs 287 Cr.

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27 May, 2015:

Max India announces the Embedded Value (EV) for its life insurance business as at 31st March 2015

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27 JANUARY, 2015:

Max India set for mega corporate restructuring

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5 JANUARY, 2015:

Max Bupa set to become one of the first to benefit from new insurance FDI Limited

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5 JANUARY, 2015:

Max India Foundation and the Karmapa’s Kagyupa International Monlam Trust Launch MultiSpeciality Health Camp for the Poor

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10 NOVEMBER, 2014:

Life Healthcare completes its stake equalization in Max Healthcare at an Enterprise Value of Rs 3650 Cr

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29 OCTOBER, 2014:

Walking makes people happier, healthier and restoreswork life balance: Max Bupa Walk for Health Survey 2014

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29 SEPTEMBER, 2014:

Max Bupa invites Families to Walk for Health on November 9

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13 AUGUST, 2014:

Max India’s Q1FY15 Consolidated PBT up 85% to Rs 77 Cr.

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30 JULY, 2014:

Max Bupa introduces the most comprehensive and flexible family health insurance plan in India

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25 NOVEMBER, 2014:

Max Bupa wins the ‘IT Leadership Award’ at the Asia Insurance Technology Awards 2014

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2 AUGUST, 2014:

Max Super Speciality Hospital, Saket, New Delhi conducts CME on ‘Diabesity- Diabetes and Obesity’ in Agra

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25 JULY, 2014:

Max Multi-Speciality Hospital – Affordable High Quality Healthcare, Now in Greater Noida

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12 NOVEMBER, 2014:

Max India’s Q2FY15 Consolidated operating revenue increases 15% to Rs 2483 Cr, PBT up 26% to Rs 117 Cr.

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22 JULY, 2014:

Life Healthcare to equalize its stake in Max Healthcare at an Enterprise Value of Rs 3650 Cr

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26 JUNE, 2014:

Max Bupa wins the coveted technology award at the fourth edition of India Insurance Awards

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15 JULY, 2014:

Max Super Speciality Hospital, Bathinda awarded the coveted NABH Accreditation

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26 MARCH, 2014:

Max Healthcare and GE Healthcare Join Hands to Advance Cancer Care in India through Research & Co-creation of multi-faceted cancer care solutions

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17 FEBRUARY, 2014:

Max Speciality Films appoints Jaideep Wadhwa as Chief Executive Officer

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11 FEBRUARY, 2014:

Max Bupa recognised for its innovative Customer Education Initiative

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12 FEBRUARY, 2014:

Max India’s FY14 Consolidated Revenue increases 19%* to Rs 11,683 Cr, PAT up 44% to Rs 209 Cr.

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3 FEBRUARY, 2014:

Standard Chartered Bank enters into a bancassurance tie up with Max Bupa

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28 OCTOBER, 2013:

Boston University confers the ‘Distinguished Alumni’ award to Mr. Analjit Singh, Founder & Chairman, Max India Group

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8 NOVEMBER, 2013:

Max India ‘s consolidated Q2FY14 PBT jumps 11 6 % to Rs 93 Cr, declare s interim dividend of 90%

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16 JULY, 2013:

Analjit Singh conferred with US-India Busines Council Leadership Award

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29 MAY, 2013:

Max India Consolidated Net Profit jumps 406% to Rs 784 Cr Announces 110% Dividend taking Annual Dividend to 610%

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9 NOVEMBER, 2012:

Max India Rewards its Shareholders with Special Interim Dividend of 500%

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16 OCTOBER, 2012:

Max Bupa invites India to Walk for Health

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10 SEPTEMBER, 2012:

Germany’s Treofan to acquire Max Speciality Films from Max India

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12 APRIL, 2012:

MS&AD Insurance Group Holdings to acquire 26% stake in MNYL

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14 FEBRUARY, 2012:

Mohit Talwar appointed Dy. Managing Director, Max India

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15 JANUARY, 2012:

Life Healthcare inks deal to buy 26% stake in Max Healthcare

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14 NOVEMBER, 2011:

Max India posts Net Profit for Q2FY12 at Rs. 58 Cr. against loss of Rs. 97 Cr. for Q2FY11

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12 OCTOBER, 2011:

Life Healthcare to invest Rs. 516.5 Cr. in Max Healthcare for 26% stake

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12 AUGUST, 2011:

Max India sustains strong financial performance

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26 MAY, 2011:

Max India turns profitable on a consolidated basis

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8 JUNE, 2011:

Analjit Singh’s next move towards Max India’s Succession Planning

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29 APRIL, 2011:

Max India Foundation Wins the Golden Peacock Award for CSR 2010

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11 FEBRUARY, 2011:

Max India turns profitable on a consolidated basis

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10 FEBRUARY, 2011:

Max India Foundation awarded ‘Best Corporate Service Responsibility Practices Award’ at the Social and Corporate Governance Awards

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25 JANUARY, 2011:

Mr. Analjit Singh to be conferred the Padma Bhushan

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28 DECEMBER, 2009:

Goldman Sachs to invest in Max India.

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26 JUNE, 2009:

Max India Group crosses USD 1 billion mark in revenue

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24 APRIL, 2009:

Max New York Life continues high growth Max India Group bolsters Governance Tony Singh appointed as Vice Chairman

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28 JANUARY, 2009:

Max India announces results for the Nine Months ended December 31, 2008

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21 JULY, 2008:

Max Group embarks on expansion drive

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11 JULY, 2008:

Max India and Bupa Group in joint move to enter the Indian health insurance market

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17 MAY, 2008:

Max India announces results for the Year ended March 31, 2008

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21 APRIL, 2008:

Max New York Life continues high growth

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28 JANUARY,2008:

Max India announces results for the quarter ended ended December 31, 2007

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29 OCTOBER, 2007:

Max India announces results for the quarter ended September 30, 2007

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20 JUNE, 2007:

Max India Raises Fresh Capital – Rs. 1,000 crore raised through Qualified Institutional Placement (“QIP”)

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22 FEBRUARY, 2007:

Max India to Raise Fresh Capital – To raise upto Rs. 1,000 crore through QIP Route

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6 NOVEMBER, 2006:

Max India dismisses news reports of sale of its healthcare business

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18 OCTOBER, 2005:

Max Telecom Ventures to divest its stake in Hutchison Essar Telecom

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6 JUNE, 2005:

Warburg Pincus enhances stake in Max Healthcare

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30 DECEMBER, 2004:

Warburg Pincus partners with Max Healthcare

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29 JUNE, 2004:

Max India Limited Announces Audited Results For FY 2003-04

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24 MAY, 2004:

Warburg Pincus in strategic partnership with Max India Limited

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26 FEBRUARY, 2004:

Shiromani Vikas Award for Analjit Singh

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13 FEBRUARY, 2013:

ChrysCapital to invest in Max India Limited

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27 DECEMBER, 2002:

Max Healthcare to get ADB’s first ever private sector healthcare loan in India

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4 MAY, 2001:

Max India Limited Announces Annual Results, Net Profit of Rs. 5.13 crore

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2 JULY 2001:

Max India effects strategic divestment in Max Atotech

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27 APRIL, 2001:

Max New York Life announces long-term association with SOS Children’s Village

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11 APRIL,2001:

BSE promotes Max India scrip to ‘A’ category

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22 january,2001:

Max Speciality Products awarded the Golden Peacock award

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23 JANUARY, 2000:

Max India Limited Posts Q3 Net Profits of Rs. 3.11 crore

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