Max Financial Services

Delhi, India Founded: 1982 • Age: 44 yrs Listed Fortune India 500 · #62 India's Most Valuable
Life insurance policies are issued to customers across India.
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About Max Financial Services

Max Financial Services is a publicly listed company based in Delhi (India) founded in 1982 by Analjit Singh. Life insurance policies are issued to customers across India. It operates on a Commission-Based model. The company has 24,890 employees. Its website maxfinancialservices.com draws about 18 thousand monthly visits. Its Indian entity Max Financial Services Limited reported revenue of ₹47,698 Cr. Max Financial Services offers products and services including Axis Max Life Insurance. Its focus areas include Financials, Insurance and Life Insurance. Similar companies include SBI Life Insurance, Life Insurance Corporation of India and HDFC Life; 2 of its 3 listed similar companies have raised funding.

Company details

Max Financial Services Limited, a part of the Max Group, is focused on providing life insurance solutions through its joint venture, Axis Max Life Insurance. The company operates in the financial sector, offering comprehensive protection and long-term savings plans. Its services are distributed via multi-channel networks, including agency and third-party partners. The organization is committed to social responsibility through initiatives like the Max India Foundation, emphasizing education and sustainable livelihoods.

Max Financial Services is ranked #62 on the Fortune India 500 (2025).

Recognitions & Rankings of Max Financial Services

Fortune India 500 2025 edition
Rank#62
Total income
₹46,497 Cr
Profit
₹327 Cr
Last year #59
India's Most Valuable Companies 2025 edition · Source: Hurun India
Valuation
₹54,730 Cr
2024 #154 2023 #143 2022 #166
  • Headquarters Delhi, India
  • Employees 24,890
  • Founders Analjit Singh
  • Stage Public
  • Sectors
    Financial Services
  • Website category Finance · Investing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website maxfinancialservices.com
  • Legal Name Max Financial Services Limited
Operational Areas
Financial Services → Insurance & Risk Management
Key Metrics
  • Market Cap
    ₹42,218 Cr

    MFSL · NSE

  • Share Price
    ₹1,211.30

    -0.98% today

  • Revenue
    ₹47,674 Cr

    FY 2025-26 · +2.6% YoY

  • EBITDA
    ₹212 Cr

    Margin 0.4%

  • Net Profit
    ₹79.13 Cr

    FY 2025-26 · -76.3% YoY

  • P/E (TTM)
    400.2x

    P/B 8.2x

  • ROE
    2.0%

    ROCE 3.5%

  • Debt / Equity
    0.27

    Interest cover 53.4x

  • Employee Count
    24,890

Products & Services of Max Financial Services

Max Financial Services offers a comprehensive portfolio of products and services, including Axis Max Life Insurance.

Axis Max Life Insurance
Life Insurance

Life insurance solutions are provided for protection and savings.

Board of directors of Max Financial Services Limited (Max Financial Services)

Max Financial Services Limited is the primary company behind Max Financial Services. The board of Max Financial Services Limited currently have 9 directors; the longest-serving is Sahil Vachani, appointed in 2018. 35 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sahil Vachani
DIN 00761695
Director25 May 20188 yrs 5 moMax Financial Services Limited
Analjit Singh
DIN 00029641
Director23 Jul 20188 yrs 3 moMax Financial Services Limited
Jai Arya
DIN 08270093
Director14 Nov 20187 yrs 11 moMax Financial Services Limited
Charles Richard Vernon Stagg
DIN 07176980
Director11 Feb 20197 yrs 8 moMax Financial Services Limited
Hideaki Nomura
DIN 05304525
Director08 Dec 20205 yrs 10 moMax Financial Services Limited
Mitsuru Yasuda
DIN 08785791
Director08 Dec 20205 yrs 10 moMax Financial Services Limited
Narasimha Kummamuri
DIN 00023046
Director30 Mar 20215 yrs 6 moMax Financial Services Limited
Venkatraman Krishnan
DIN 00402601
Manager14 Jul 20233 yrs 3 moMax Financial Services Limited
Malini Thadani
DIN 01516555
Director01 Dec 20241 yr 10 moMax Financial Services Limited

People of Max Financial Services

1 people are tracked at Max Financial Services (1 in leadership); the tracked headcount is 24,890.

NameRoleGroup
Analjit Singh
FounderLeadership
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Complete people profiles for Max Financial Services

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  • Team structure
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IPO & Listings of Max Financial Services

Max Financial Services is a publicly listed company on the NSE with ticker symbol MFSL in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date17 May 2000
  • Listed onNSE: MFSL
  • Listed entityMax Financial Services Limited
  • Exchange sectorFinance
  • ISININE180A01020
  • Share price₹1,284.00 (-3.12% on the day) · 2026-10-14
  • Market capitalisation₹45,704 Cr
  • Price to earnings401.2
  • EPS (diluted, trailing year)₹3.20
  • Volume (last session)792,647

Financials of Max Financial Services

Exchange-reported figures of Max Financial Services Limited, the listed company behind Max Financial Services (NSE: MFSL).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹47,674 Cr
+2.6% YoY
EBITDA
₹212 Cr
-54.9% YoY
Profit After Tax
₹79.13 Cr
-76.3% YoY
Net Worth
₹5,282 Cr
+0.1% YoY
Total Assets
₹8,279 Cr
+11.4% YoY
Total Debt
₹1,859 Cr
+81.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue47,67446,46946,57631,41531,18231,27518,240
Revenue growth+2.6%-0.2%+48.3%+0.8%-0.3%+71.5%-
EBITDA212469424554413585452
EBITDA margin+0.4%+1.0%+0.9%+1.8%+1.3%+1.9%+2.5%
Profit before tax121447415527389593442
Net profit79.13333342378253425145
Net profit margin+0.2%+0.7%+0.7%+1.2%+0.8%+1.4%+0.8%
EPS (₹)2.459.539.9011.017.3412.335.38
Balance sheet
Total assets8,2797,4304,8924,4915,0073,6082,822
Net worth5,2825,2753,8663,5183,9353,3432,147
Total debt1,8591,0265235235223.462.73
Cash & bank2,1371,1239051,178600508449
Net working capital(1,78,371)(1,73,010)(1,48,675)(1,19,483)(1,05,401)(88,748)(66,395)
Cash flow
Cash from operations11,4738,3526,1049,9228,4966,8925,452
Cash from investing(11,125)(9,703)(5,001)(11,555)(8,835)(6,852)(4,991)
Cash from financing5671,961(117)(233)388(92.15)(383)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue14,97010,80214,2599,79212,82212,3768,92313,372
Revenue growth (YoY)+16.8%-12.7%+59.8%-26.8%+8.7%---
Other income7.105.228.517.033.2520.323.122.72
EBITDA167(5.99)78.0120.9711817.8288.64173
EBITDA margin+1.1%-0.1%+0.5%+0.2%+0.9%+0.1%+1.0%+1.3%
Depreciation0.500.490.520.620.680.710.780.69
Interest35.5335.1335.9321.1219.6815.3010.2312.55
Profit before tax138(36.39)50.076.2610122.1380.75162
Tax19.63(4.87)5.310.3914.50(16.15)10.9422.76
Net profit118(31.52)44.765.8786.4538.2869.81139
EPS (₹)2.78(0.77)1.070.122.030.911.633.26
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue25.8915.9021.4557.85200307495
Revenue growth+62.8%-25.9%-62.9%-71.1%-34.8%-38.0%-
EBITDA3.74(7.82)(10.13)22.07149133406
EBITDA margin+14.5%-49.2%-47.2%+38.2%+74.4%+43.2%+82.1%
Profit before tax7.75(8.96)(11.57)19.25147129396
Net profit0.00(9.27)(11.22)13.8810399.31273
Net profit margin0.0%-58.3%-52.3%+24.0%+51.2%+32.4%+55.1%
EPS (₹)0.17(0.27)(0.33)0.402.972.8810.11
Balance sheet
Total assets6,7496,7446,7546,7656,7516,6492,283
Net worth6,7496,7436,7526,7636,7506,6452,280
Total debt0.250.871.871.971.543.462.73
Cash & bank0.3053.2047.9957.6731.001.471.94
Net working capital52.7752.2150.4964.7127.48(1.41)(211)
Cash flow
Cash from operations(12.68)(6.95)(10.25)(34.07)85.91(0.74)393
Cash from investing13.378.1211.1735.85(84.67)2.40(395)
Cash from financing(0.65)(1.09)(1.14)(1.76)(1.08)(1.72)1.12
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3.0517.002.932.872.993.744.323.69
Revenue growth (YoY)+2.0%+354.6%-32.2%-22.2%-19.6%---
Other income2.590.124.720.000.050.100.390.07
Total expenses4.804.985.876.035.266.145.895.93
EBITDA(1.75)12.02(2.94)(3.16)(2.27)(2.40)(1.57)(2.24)
EBITDA margin-57.4%+70.7%-100.3%-110.1%-75.9%-64.2%-36.3%-60.7%
Depreciation0.110.110.120.230.290.320.290.31
Interest0.000.000.010.010.010.020.020.02
Profit before tax0.7312.031.65(3.40)(2.52)(2.64)(1.49)(2.50)
Tax0.001.860.000.000.00(0.05)0.08(0.04)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue14,97010,80214,2599,79212,82212,3768,92313,372
Revenue growth (YoY)+16.8%-12.7%+59.8%-26.8%+8.7%---
Other income7.105.228.517.033.2520.323.122.72
EBITDA167(5.99)78.0120.9711817.8288.64173
EBITDA margin+1.1%-0.1%+0.5%+0.2%+0.9%+0.1%+1.0%+1.3%
Depreciation0.500.490.520.620.680.710.780.69
Interest35.5335.1335.9321.1219.6815.3010.2312.55
Profit before tax138(36.39)50.076.2610122.1380.75162
Tax19.63(4.87)5.310.3914.50(16.15)10.9422.76
Net profit118(31.52)44.765.8786.4538.2869.81139
EPS (₹)2.78(0.77)1.070.122.030.911.633.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue47,67446,46946,57631,41531,18231,27518,240
Revenue growth+2.6%-0.2%+48.3%+0.8%-0.3%+71.5%-
Other income23.3427.9037.9015.565.8013.501.78
Total expenses47,46246,00046,15230,86230,76930,69017,788
Employee cost45.0336.4930.9029.2336.7760.8035.95
EBITDA212469424554413585452
EBITDA margin+0.4%+1.0%+0.9%+1.8%+1.3%+1.9%+2.5%
Depreciation2.312.873.114.635.005.3211.37
Interest11247.3643.6437.4624.740.270.28
Profit before tax121447415527389593442
Tax15.3343.3622.5675.3170.2533.15170
Net profit79.13333342378253425145
Net profit margin+0.2%+0.7%+0.7%+1.2%+0.8%+1.4%+0.8%
EPS (₹)2.459.539.9011.017.3412.335.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital68.6668.6968.7368.7269.0269.0253.90
Reserves & surplus5,2135,2063,7973,4503,8663,2742,093
Shareholders' funds (net worth)5,2825,2753,8663,5183,9353,3432,147
Minority interest1,1381,129504450550262672
Secured loans0.000.000.000.000.000.000.00
Unsecured loans1,8591,0265235235223.462.73
Total debt1,8591,0265235235223.462.73
Total liabilities8,2797,4304,8924,4915,0073,6082,822
Assets
Gross block622624624627630656655
Net block607610612614616639641
Capital work in progress0.000.000.000.000.000.000.00
Investments1,86,0141,79,8411,52,9591,23,3551,09,79491,76668,566
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.002.563.16
Cash & bank balances2,1371,1239051,178600508449
Loans & advances10,1488,6068,2966,6726,7375,1414,858
Total current assets12,2869,7299,2017,8507,3375,6525,310
Total current liabilities1,90,6571,82,7391,57,8751,27,3331,12,73894,40071,705
Net working capital(1,78,371)(1,73,010)(1,48,675)(1,19,483)(1,05,401)(88,748)(66,395)
Total assets8,2797,4304,8924,4915,0073,6082,822
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4,1823,5729,83611,702716767689
Net cash from operating activities11,4738,3526,1049,9228,4966,8925,452
Net cash from investing activities(11,125)(9,703)(5,001)(11,555)(8,835)(6,852)(4,991)
Net cash from financing activities5671,961(117)(233)388(92.15)(383)
Net change in cash915610986(1,866)48.45(51.43)78.38
Closing cash2,1371,1239051,178600508449
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+2.6%-0.2%+48.3%+0.8%-0.3%+71.5%-
EBITDA growth-54.9%+10.6%-23.4%+34.2%-29.5%+29.3%-
PBT growth-72.9%+7.6%-21.3%+35.6%-34.5%+34.0%-8.0%
Net income growth-76.3%-2.4%-9.7%+49.4%-40.5%+193.5%-
Revenue CAGR (3Y)+14.9%+14.2%+14.2%+19.9%+16.9%+24.2%+6.2%
EBITDA CAGR (3Y)-27.4%+4.4%-10.2%+7.0%-6.6%+3.3%-16.3%
Profitability & leverage
Net income margin+0.2%+0.9%+0.8%+1.4%+1.0%+1.8%+1.5%
Return on capital employed+3.5%+8.5%+8.6%+10.4%+7.9%+16.7%+21.0%
Return on net worth+2.0%+8.0%+8.1%+9.2%+6.4%+15.8%+13.0%
Debt / equity0.270.170.140.140.070.000.00
Long-term debt / equity0.270.170.140.140.070.000.00
Interest cover53.4110.1610.376.826.070.050.06
Efficiency & per share
Fixed asset turnover76.5574.4874.4950.0048.4947.7130.04
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.0024,365.3010,939.874,212.88
EPS (₹)2.459.539.9011.017.3412.335.38
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)153.85153.58112.50102.39114.0196.8779.65
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3.0517.002.932.872.993.744.323.69
Revenue growth (YoY)+2.0%+354.6%-32.2%-22.2%-19.6%---
Other income2.590.124.720.000.050.100.390.07
Total expenses4.804.985.876.035.266.145.895.93
EBITDA(1.75)12.02(2.94)(3.16)(2.27)(2.40)(1.57)(2.24)
EBITDA margin-57.4%+70.7%-100.3%-110.1%-75.9%-64.2%-36.3%-60.7%
Depreciation0.110.110.120.230.290.320.290.31
Interest0.000.000.010.010.010.020.020.02
Profit before tax0.7312.031.65(3.40)(2.52)(2.64)(1.49)(2.50)
Tax0.001.860.000.000.00(0.05)0.08(0.04)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue25.8915.9021.4557.85200307495
Revenue growth+62.8%-25.9%-62.9%-71.1%-34.8%-38.0%-
Other income4.790.180.260.391.780.820.08
Total expenses22.1523.7231.5835.7851.3617488.61
Employee cost6.115.936.189.2321.6221.2522.86
EBITDA3.74(7.82)(10.13)22.07149133406
EBITDA margin+14.5%-49.2%-47.2%+38.2%+74.4%+43.2%+82.1%
Depreciation0.751.231.593.103.483.809.89
Interest0.030.090.110.110.140.220.20
Profit before tax7.75(8.96)(11.57)19.25147129396
Tax1.860.27(0.32)5.3744.4630.24124
Net profit0.00(9.27)(11.22)13.8810399.31273
Net profit margin0.0%-58.3%-52.3%+24.0%+51.2%+32.4%+55.1%
EPS (₹)0.17(0.27)(0.33)0.402.972.8810.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital69.0269.0269.0269.0269.0269.0253.90
Reserves & surplus6,6806,6746,6836,6946,6816,5762,226
Shareholders' funds (net worth)6,7496,7436,7526,7636,7506,6452,280
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.250.871.871.971.543.462.73
Total debt0.250.871.871.971.543.462.73
Total liabilities6,7496,7446,7546,7656,7516,6492,283
Assets
Gross block5.107.717.6610.5813.3939.7938.54
Net block1.192.412.913.854.3125.1225.50
Capital work in progress0.000.000.000.000.000.000.00
Investments6,6956,6896,6996,6956,7236,6162,468
Inventories0.000.000.000.000.000.000.00
Sundry debtors8.6511.3212.2717.2815.0819.1819.25
Cash & bank balances0.3053.2047.9957.6731.001.471.94
Loans & advances58.843.385.894.803.465.5710.46
Total current assets67.7967.9066.1579.7549.5426.2231.65
Total current liabilities15.0215.6915.6615.0422.0627.63243
Net working capital52.7752.2150.4964.7127.48(1.41)(211)
Total assets6,7496,7446,7546,7656,7516,6492,283
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.260.180.400.380.220.290.43
Net cash from operating activities(12.68)(6.95)(10.25)(34.07)85.91(0.74)393
Net cash from investing activities13.378.1211.1735.85(84.67)2.40(395)
Net cash from financing activities(0.65)(1.09)(1.14)(1.76)(1.08)(1.72)1.12
Net change in cash0.040.08(0.22)0.020.16(0.06)(0.14)
Closing cash0.3053.2047.9957.6731.001.471.94
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+62.8%-25.9%-62.9%-71.1%-34.8%-38.0%-
EBITDA growth+147.8%+22.8%-145.9%-85.2%+12.2%-67.4%-
PBT growth+9998.0%+22.6%--86.9%+13.6%-67.3%+702.6%
Net income growth+100.0%+17.4%-180.8%-86.5%+3.3%-63.6%-
Revenue CAGR (3Y)-23.5%-57.0%-58.8%-51.1%-14.2%+5.2%+24.6%
EBITDA CAGR (3Y)-44.7%---62.1%+24.1%-3.0%+37.8%
Profitability & leverage
Net income margin+22.8%-58.1%-52.5%+24.0%+51.2%+32.3%+55.1%
Return on capital employed+0.1%-0.1%-0.2%+0.3%+2.2%+2.9%+18.5%
Return on net worth0.0%-0.1%-0.2%+0.2%+1.5%+2.2%+12.7%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover1.00-0.99-0.940.580.100.170.05
Efficiency & per share
Fixed asset turnover4.792.092.384.867.607.8613.65
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover3.071.361.473.6011.8016.0224.12
EPS (₹)0.17(0.27)(0.33)0.402.972.8810.11
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)195.55195.38195.65195.98195.58192.5784.61

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Max Financial Services has 3 listed similar companies in our database, 2 of them funded. They include SBI Life Insurance, Life Insurance Corporation of India and HDFC Life.

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Web traffic of Max Financial Services

The website of Max Financial Services (maxfinancialservices.com) receives about 18K visits a month and ranks #1,202,786 among all websites worldwide, #10,347 in Investing.

  • Monthly visits
    18K

    ▼ 32.6% vs previous month

  • Unique visitors
    13.6K

    per month

  • Global rank
    #1,202,786

    among all websites

  • Category rank
    #10,347

    Finance · Investing

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Top companies in Insurance & Risk Management

3 companies that operate in the same segment as Max Financial Services (Insurance & Risk Management) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Star Health and Allied Insurance
Health insurance plans are offered for individuals and families.
2006Chennai, Tamil Nadu, IndiaUSD 783.29 MUSD 1.9 B15,820
ICICI Lombard
Life, health, and general insurance services are provided across India.
2001Mumbai, Maharashtra, IndiaUSD 306.52 MUSD 2.88 B16,700
Bajaj Finserv
Financial solutions including loans and insurance are offered.
2007Pune, Maharashtra, IndiaUSD 15.24 B126
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Related news about Max Financial Services

MFSL: Rs. 41.86 Crores NSE Block Trade; for ~ 310,587 Shares, at Rs. 1347.80
Exchange Update • 19 days ago
MFSL: Rs. 43.84 Crores NSE Block Trade; for ~ 326,596 Shares, at Rs. 1342.40
Exchange Update • 19 days ago
MFSL: Rs. 19.69 Crores NSE Block Trade; for ~ 146,690 Shares, at Rs. 1342.40
Exchange Update • 19 days ago
Max Financial Services: Jefferies says EOM compliance may not come at cost of growth; stock reacts - BusinessToday
Business Today • 27 days ago
Max Financial: To Review Q2 Results On October 27
Exchange Update • 1 month ago
Volumes spurt at Godrej Consumer Products Ltd counter | Capital Market News - Business Standard
Business Standard • 1 month ago
MFSL: RS. 92.75 CRORES NSE BLOCK TRADE; FOR ~ 659,341 SHARES, AT RS. 1406.70
Exchange Update • 1 month ago
India's Axis Bank bets on data centres to gold loans to outpace industry credit growth
Reuters • 2 months ago
Sebi drops fraud, disclosure charges in Max-Axis Bank case
Mint • 2 months ago
India's Markets Regulator Disposes Proceedings Against Max Financial Services, Axis Bank and Others
Reuters • 2 months ago
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Frequently Asked Questions about Max Financial Services

Max Financial Services was founded in 1982.

Max Financial Services is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

Max Financial Services has 24,890 employees.

The primary company behind Max Financial Services, Max Financial Services Limited, reported revenue of ₹47,698 Cr for FY 2026, up 3% year on year.

Max Financial Services Limited, a part of the Max Group, is focused on providing life insurance solutions through its joint venture, Axis Max Life Insurance. The company operates in the financial sector, offering comprehensive protection and long-term savings plans. Its services are distributed via multi-channel networks, including agency and third-party partners. The organization is committed to social responsibility through initiatives like the Max India Foundation, emphasizing education and sustainable livelihoods.

Max Financial Services's top competitors include SBI Life Insurance, Life Insurance Corporation of India and HDFC Life.

Max Financial Services offers Axis Max Life Insurance.

Yes, Max Financial Services is publicly traded on NSE under the ticker symbol MFSL.

Max Financial Services operates through Max Financial Services Limited.

The legal entities of Max Financial Services currently have 11 directors, including Jai Arya, Hideaki Nomura, Narasimha Kummamuri and others.

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