About Axis Max Life Insurance Limited
Data last updated:
Axis Max Life Insurance Limited is a public limited company based in Balachaur, Punjab, India, a subsidiary of Max Financial Services Limited. It operates in the life insurance providers segment of the financial services sector. It was incorporated on 11 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74899PB2000PLC045626. Its GSTIN is 03AACCM3201E1ZD (Punjab). The company holds 24 GST registrations, of which 22 are active.
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹2,061.39 Cr. It was formerly known as Max New York Life Insurance Company Limited. It is led by directors including Mohit Talwar and Pradeep Pant.
Its last annual general meeting (AGM) was held on 13 May 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 419 Bhai Mohan Singh Nagar Railmajra, Balachaur, Punjab, India – 144533.
As per the financials filed for FY 2024, the company reported a revenue of ₹691 Cr, a decline of 12% compared to the previous year. Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Max Life Insurance. Court records list 163 cases involving the company, including 44 filed by the company and 119 filed against it; 37 cases are pending. The company has 44 deals on record (26 secondary share transfers, 17 funding rounds, 1 debt financing), with disclosed funding of ₹5,419.29 Cr; the latest was in June 2026. Its 8 peer companies in the BFSI industry (Life Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities) are compared by revenue, 3 larger and 5 smaller; the largest is Indusind Nippon Life Insurance Company Limited with revenue of ₹7,940.63 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxlifeinsurance.com.
Company details
CIN history
Axis Max Life Insurance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74899PB2000PLC045626, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899PB2000PLC045626 | Current |
| U74899DL2000PLC106723 | Previous |
| U74899HR2000PLC143012 | Previous |
Contact details
Axis Max Life Insurance Limited's registered office is in Balachaur, Punjab. Its website is maxlifeinsurance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address419 Bhai Mohan Singh Nagar Railmajra, Balachaur, Punjab, India – 144533
- IndustryFinancial Services, Life Insurance Providers
To see the full contact details of Axis Max Life Insurance Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Axis Max Life Insurance operates one associated brand: Max Life Insurance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Life insurance plans and policies are offered for protection. | maxlifeinsurance.com |
Business activity
The main business activity of Axis Max Life Insurance is financial and insurance service. In detail, this covers life/non-life insurance and reinsurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities |
To see the full business activity and turnover split of Axis Max Life Insurance Limited, buy the company report.
Financials of Axis Max Life Insurance Limited
FY 2025 filings availableAxis Max Life Insurance Limited reported revenue of ₹691 Cr (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Axis Max Life Insurance Limited, buy the company report.
Board of directors and KMP of Axis Max Life Insurance Limited
Axis Max Life Insurance Limited currently reports 11 directors and 1 key managerial person. 45 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Talwar Also directs: Max India Limited | Director | 30 Jan 2016 | 10 Years 9 Months | Current |
| Pradeep Pant Also directs: Max India Limited | Director | 07 Feb 2019 | 7 Years 8 Months | Current |
| Sahil Vachani | Director | 18 May 2018 | 8 Years 5 Months | Current |
| Girish Shrikrishna Paranjape | Director | 06 Apr 2021 | 5 Years 6 Months | Current |
| Mitsuru Yasuda Also directs: Max Financial Services Limited | Director | 24 Jul 2020 | 6 Years 3 Months | Current |
| Mohanty Subrat Also directs: Axis Bank Limited, Freecharge Payment Technologies Private Limited, Axis Securities Limited and 1 more | Director | 06 Apr 2021 | 5 Years 6 Months | Current |
Peer comparison
Axis Max Life Insurance Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Life Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indusind Nippon Life Insurance Company Limited | ₹7,940.63 Cr (FY 2021) | 56.0% | Mumbai, Maharashtra, India | |||
| Icici Prudential Life Insurance Company Limited | ₹2,877.06 Cr (FY 2024) | -1.0% | Mumbai, Maharashtra, India | |||
| HDFC Life Insurance Company Limited | ₹2,288.86 Cr (FY 2023) | 18.0% | Mumbai, Maharashtra, India | |||
| Axis Max Life Insurance Limitedthis company | ₹691 Cr (FY 2024) | -12.0% | Balachaur, Punjab, India | |||
| Aditya Birla Sun Life Insurance Company Limited | ₹573.73 Cr (FY 2024) | 7.0% | Mumbai, Maharashtra, India | |||
| PNB Metlife India Insurance Company Limited | ₹384.99 Cr (FY 2024) | 59.0% | Bangalore, Karnataka, India | |||
| Generali Central Life Insurance Company Limited | ₹242.49 Cr (FY 2024) | -28.0% | Mumbai, Maharashtra, India | |||
| Canara HSBC Life Insurance Company Limited | ₹240.88 Cr (FY 2024) | -8.0% | New Delhi, Delhi, India | |||
| Pramerica Life Insurance Limited | ₹154.09 Cr (FY 2024) | 41.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Axis Max Life Insurance Limited, buy the company report.
Auditor
Axis Max Life Insurance Limited is audited by B.K. Khare & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.K. Khare & Co. | FY 2023 | 105102W |
Shareholding
The shareholding of Axis Max Life Insurance Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Axis Max Life Insurance Limited, buy the company report.
Deals & funding
Axis Max Life Insurance Limited has 44 deals on record (26 secondary share transfers, 17 funding rounds, 1 debt financing), with disclosed funding of ₹5,419.29 Cr; the latest was in June 2026.
Deals on record (5 of 44)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Funding round | ₹380.6 Cr | Investors: Axis Bank Limited |
| Feb 2025 | Debt financing | ₹1,300.33 Cr | Investors: International Finance Corporation, Nps Trust A/c Sbi Pension Fund Scheme State Govt, Nps Trust - A/c Sbi Pension Fund Scheme C Tier I |
| Apr 2024 | Funding round | ₹1,612 Cr | Investors: Axis Bank Limited |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Max Financial Services Limited Seller: Mitsutsumitomo Insurance Company Limited |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: Axis Bank Limited Seller: Max Financial Services Limited |
To see the full deal history of Axis Max Life Insurance Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Axis Max Life Insurance Limited has 163 court cases on record: 44 filed by Axis Max Life Insurance, 119 filed against it. 37 cases are pending and 126 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 122 | 105 | 25 |
| High courts | 37 | 12 | 12 |
| Supreme Court | 4 | 2 | 0 |
Cases on record (5 of 163)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bathinda, Punjab | Civil suit | Filed by the company against Aelius Imf Private Limited | Pending |
| District court, New Delhi, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Kotak Mahindra Prime Ltd | Disposed |
| District court, Gurugram, Haryana | Court case (CS37) | Filed by the company against Ms Unicon Securities Pvt. Ltd. | Disposed |
| District court, Ambala, Haryana | Civil suit | Filed against the company by an individual | Pending |
| District court, South West, Delhi | Court case (PC) | Filed against the company | Pending |
To see the full case history of Axis Max Life Insurance Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Axis Max Life Insurance Limited was last rated by Icra on 15 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Jul 2021 |
To see the full credit ratings and regulatory alerts of Axis Max Life Insurance Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Axis Max Life Insurance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Axis Max Life Insurance has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Max Life Pension Fund Management Limited | U66020HR2022PLC101655 |
To see the full group structure of Axis Max Life Insurance Limited, buy the company report.
GST
Axis Max Life Insurance has 24 GST registrations: 22 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCM3201E1ZD | Punjab | Active | 01 Jul 2017 |
| 02AACCM3201E1ZF | Himachal Pradesh | Active | 01 Jul 2017 |
| 04AACCM3201E1ZB | Chandigarh | Active | 01 Jul 2017 |
| 08AACCM3201E1Z3 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Axis Max Life Insurance Limited, buy the company report.
Recent activity
Axis Max Life Insurance Limited has 56 board changes on record since 2007: 12 appointments and 44 cessations. The latest: Rajkamal Vempati was appointed as Additional Director on 01 Oct 2025.
47 earlier events are in the company report.
News
From our blog
Frequently asked questions
Axis Max Life Insurance is an active public limited company based in Balachaur, Punjab, India. The company works in life insurance providers, within the financial services industry. It was incorporated on 11 July 2000 (26+ years old) and is registered under CIN U74899PB2000PLC045626.
Axis Max Life Insurance has 12 current directors and KMP:
- Mohit Talwar - Director
- Pradeep Pant - Director
- Sahil Vachani - Director
- Girish Shrikrishna Paranjape - Director
- Mitsuru Yasuda - Director
- Mohanty Subrat - Director
- Jai Arya - Director
- Munish Sharda - Director
- Marielle Theron - Director
- Rajesh Khanna - Director
- Rajkamal Vempati - Additional Director
- Sumit Madan - Ceo
The latest financial statements of Axis Max Life Insurance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 May 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Axis Max Life Insurance is 03AACCM3201E1ZD, registered in Punjab. The company has 24 GST registrations in all, of which 22 are active and 2 are cancelled or inactive. Other active GSTINs include 02AACCM3201E1ZF (Himachal Pradesh), 04AACCM3201E1ZB (Chandigarh), 08AACCM3201E1Z3 (Rajasthan).
The CIN (Corporate Identification Number) of Axis Max Life Insurance is U74899PB2000PLC045626. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axis Max Life Insurance has 163 court cases on record: 44 filed by the company and 119 filed against it. 37 are pending. Most are in the district courts.
Axis Max Life Insurance was incorporated on 11 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Chandigarh.
Axis Max Life Insurance has 44 deals on record (26 secondary share transfers, 17 funding rounds, 1 debt financing), with disclosed funding of ₹5,419.29 Cr; the latest was in June 2026.
The peers of Axis Max Life Insurance by revenue are Indusind Nippon Life Insurance Company Limited, Icici Prudential Life Insurance Company Limited, HDFC Life Insurance Company Limited, Aditya Birla Sun Life Insurance Company Limited, PNB Metlife India Insurance Company Limited and 3 more, all in the BFSI industry (Life Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities).
Rajkamal Vempati was appointed as Additional Director on 01 Oct 2025. Sumit Madan was appointed as CEO on 01 Oct 2025. Arjun Chowdhry ceased to be Additional Director on 06 May 2024. Axis Max Life Insurance has 56 board changes on record in total.
Axis Max Life Insurance can be reached through the website maxlifeinsurance.com. Its registered office is in Balachaur, Punjab, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
