Company Max Financial Services Limited

Equities

MFSL

INE180A01020

Life & Health Insurance

Market Closed - NSE India S.E. 07:40:48 2024-04-29 am EDT 5-day change 1st Jan Change
975.8 INR -2.30% Intraday chart for Max Financial Services Limited -7.96% +2.26%

Business Summary

Max Financial Services Limited is an India-based company, which operates as a holding company for Max Life Insurance Company Limited. The Company is engaged in the business of investments and providing management advisory services. The Company’s segments include Life Insurance and Business Investments. The Company’s investor base includes global financial institutions such as KKR, Baron, Ward ferry, New York Life, Vanguard, Blackrock, Jupiter, Norges, Neuberger Burman, Eastspring and Dimension.

Number of employees: 11

Sales per Business

INR in Million2022Weight2023Weight Delta
Life Insurance
99.9 %
311,419 99.9 % 313,708 99.9 % +0.74%
Business Investments and Others
0.1 %
392 0.1 % 418 0.1 % +6.63%

Sales per region

INR in Million2022Weight2023Weight Delta
India
100.0 %
311,811 100.0 % 314,127 100.0 % +0.74%

Managers

Managers TitleAgeSince
Founder 70 82-02-04
Director of Finance/CFO - 22-04-30
Compliance Officer - 23-06-30
Chief Administrative Officer 57 95-09-17
Human Resources Officer 43 20-10-15

Members of the board

Members of the board TitleAgeSince
Director/Board Member 77 -
Director/Board Member 66 21-03-29
Founder 70 82-02-04
Director/Board Member 69 18-11-13
Director/Board Member 60 20-12-07
Director/Board Member 41 18-05-24
Director/Board Member 71 14-12-31
Director/Board Member 68 19-02-10
Director/Board Member - 22-08-24
Director/Board Member - 20-12-07

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 345,114,771 320,160,791 ( 92.77 %) 1,504,620 ( 0.4360 %) 92.77 %

Shareholders

NameEquities%Valuation
75,458,088 21.86 % 906 M ₹
HDFC Asset Management Co. Ltd. (Invt Mgmt)
6.887 %
23,767,211 6.887 % 285 M ₹
Max Ventures Investment Holdings Pvt Ltd.
6.402 %
22,095,923 6.402 % 265 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt)
6.347 %
21,904,607 6.347 % 263 M ₹
Mirae Asset Investment Managers (India) Pvt Ltd.
4.919 %
16,977,427 4.919 % 204 M ₹
Kotak Mahindra Asset Management Co. Ltd.
3.313 %
11,433,087 3.313 % 137 M ₹
New York Life Insurance Co. (Investment Portfolio)
2.963 %
10,224,969 2.963 % 123 M ₹
Ward Ferry Management Ltd.
2.782 %
9,599,396 2.782 % 115 M ₹
GIC Pte Ltd. (Investment Management)
2.068 %
7,137,773 2.068 % 86 M ₹
HDFC Life Insurance Co. Ltd. (Investment Portfolio)
1.798 %
6,204,210 1.798 % 75 M ₹

Company contact information

Max Financial Services Ltd.

L20M, Max Towers Plot No. C-001/A/1

201301, Noida

+91 11 4937 6000

http://www.maxfinancialservices.com
address Max Financial Services Limited(MFSL)

Group companies

NameCategory and Sector
Investment Managers

Sales per Business

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
975.8 INR
Average target price
1,205 INR
Spread / Average Target
+23.48%
Consensus
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