About Max Financial Services Limited
Data last updated: 22 December 2025
Max Financial Services Limited is a public limited company based in Distt. Nawanshahr, Punjab, India. It specialises in financial holding companies, a part of the broader financial services sector. Incorporated on 24 February 1988, the company has been in operation for over 38 years.
Registered with ROC Chandigarh under CIN L24223PB1988PLC008031. Listed on BSE: 500271 and NSE: MFSL.
Capital: an authorised share capital of ₹70 Cr and a paid-up capital of ₹69.02 Cr. Formerly known as Maxxon India Limited and Max India Limited. It is led by directors including Jai Arya and Hideaki Nomura.
Last AGM: 18 September 2025. Financial statements filed for year ended 31 March 2025. Office: Bhai Mohan Singh Nagar Rail Majra Tehsil Balachaur, Distt. Nawanshahr, Punjab, India – 144533.
As per the financials filed for FY 2025, the company reported a revenue of ₹46,497 Cr, a growth of 0% compared to the previous year.
The company has a workforce of approximately 37,779 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 2 brands - Max Antara, Max Financial Services. As per MCA filings, the company has open charges of ₹5.35 Cr and satisfied charges of ₹549.95 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxfinancialservices.com.
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Registered AddressBhai Mohan Singh Nagar Rail Majra Tehsil Balachaur, Distt. Nawanshahr, Punjab, India – 144533
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IndustryFinancial Services, Financial Holding Companies
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Max Financial Services Limited
Max Financial Services Limited has undergone 2 name changes throughout its history. The company was previously known as Maxxon India Limited, and Max India Limited. The current legal name is Max Financial Services Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Max Financial Services Limited | Current |
| Maxxon India Limited | Previous |
| Max India Limited | Previous |
CIN History of Max Financial Services Limited
Max Financial Services Limited has one previous CIN (Corporate Identification Number): U24223PB1988PLC008031. The current CIN is L24223PB1988PLC008031, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24223PB1988PLC008031 | Current |
| U24223PB1988PLC008031 | Previous |
Associated Brands with Max Financial Services Limited
Max Financial Services Limited operates two associated brands: Max Antara and Max Financial Services. These brands represent Max Financial Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Operates a senior living community with residential and care services for older adults. | max-antara.in | |
| Life insurance policies are issued to customers across India. | maxfinancialservices.com |
Competitors & Alternatives of Max Financial Services Limited
Brands and companies operating in the same space as Max Financial Services Limited include SBI Life Insurance, Life Insurance Corporation of India, PNB MetLife and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
SBI Life Insurance
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Life Insurance joint venture between SBI and BNP Paribas Cardiff | Mumbai, India, India | 2000 |
Life Insurance Corporation of India
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Life insurance and micro insurance services are provided in India. | Mumbai, India, India | 1956 |
PNB MetLife
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Provider of life insurance services | Bengaluru, India, India | 2001 |
Brookdale
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Nursing and senior living center services are provided nationwide. | Durant, United States, United States | 1978 |
Tata AIA
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Life and general insurance products are provided by Tata AIA. | Mumbai, India, India | 2001 |
Athulya
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Provider of assisted living and senior independent living homes | Chennai, India, India | 2017 |
ICICI Prudential Life Insurance
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Provider of life insurance services | Mumbai, India, India | 2001 |
Ashiana Housing
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Age-friendly homes are developed for senior living communities. | Delhi, India, India | 1979 |
HDFC Life
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Life and health insurance services are offered in India. | Mumbai, India, India | 2000 |
IndiaFirst Life
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Provider of life & health insurance services to individuals and families | Mumbai, India, India | 2009 |
Business Activity of Max Financial Services Limited
Max Financial Services Limited is engaged in principal business activities including professional, scientific and technical and financial and insurance service, with detailed activities including management consultancy activities, activities by trusts, funds and other financial holding companies. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies | Locked |
Business activity turnover details for Max Financial Services Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Max Financial Services Limited
Max Financial Services Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
Complete auditor history for Max Financial Services Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Max Financial Services Limited
Max Financial Services Limited is currently managed by 9 directors, with 34 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Jai Arya
Also directs:
Max Financial Services Limited, Axis Max Life Insurance Limited
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Director | 14 Nov 2018 | 7 Years 9 Months | Current |
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Hideaki Nomura
Also directs:
Max Financial Services Limited
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Director | 08 Dec 2020 | 5 Years 8 Months | Current |
| Narasimha Kummamuri | Director | 30 Mar 2021 | 5 Years 4 Months | Current |
| Analjit Singh | Director | 23 Jul 2018 | 8 Years 0 Months | Current |
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Sahil Vachani
Also directs:
Max Financial Services Limited, Max Estates Limited, Max Ventures Private Limited and 5 more
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Director | 25 May 2018 | 8 Years 2 Months | Current |
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Venkatraman Krishnan
Also directs:
Max Financial Services Limited, Max Estates Gurgaon Two Limited, Max Estates Gurgaon Limited and 2 more
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Manager | 14 Jul 2023 | 3 Years 1 Months | Current |
Financials of Max Financial Services Limited FY 2025 filings available
Max Financial Services Limited reported revenue of ₹46,497 Cr for FY 2025.
Ten-year financial statements for Max Financial Services Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Max Financial Services Limited
Shareholding and ownership data for Max Financial Services Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Group Structure of Max Financial Services Limited
Max Financial Services Limited has 1 subsidiary company. This group structure data is as of FY 2022. The corporate group structure reflects Max Financial Services Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Max Life Insurance Company Limited | U74899PB2000PLC045626 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Max Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2004 | Punjab National Bank | ₹5 Cr | Open |
| 03 May 1994 | Canara Bank | ₹35 Lakh | Open |
| 05 Mar 2014 | Indusind Bank Ltd. | ₹20 Cr | Satisfied |
| 01 Mar 2013 | Hdfc Bank Limited | ₹30 Cr | Satisfied |
| 22 Jun 2010 | Kotak Mahindra Bank Limited | ₹25 Cr | Satisfied |
Total charge records: 38 View all charges
Employees and EPFO Compliance at Max Financial Services Limited
Max Financial Services Limited has a workforce of 37,779 employees as of Mar 30, 2024.
Employee and EPFO history for Max Financial Services Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Max Financial Services Limited
GST registrations and filing compliance for Max Financial Services Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Max Financial Services Limited
Credit ratings, litigation, and regulatory alerts for Max Financial Services Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Max Financial Services Limited
MSME payment history for Max Financial Services Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Max Financial Services Limited
Corporate group structure for Max Financial Services Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Max Financial Services Limited
MCA filings and documents for Max Financial Services Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Max Financial Services Limited
Recent News on Max Financial Services Limited
Frequently Asked Questions about Max Financial Services Limited
Max Financial Services Limited is an active public limited company in the financial services sector based in Distt. Nawanshahr, Punjab, India. It was incorporated on 24 February 1988 (38+ years old) and is registered under CIN L24223PB1988PLC008031. Listed on BSE: 500271 and NSE: MFSL. The company has 37,779 employees.
Max Financial Services Limited reported revenue of ₹46,497 Cr for FY 2025 (up 0.00% YoY).
The current directors of Max Financial Services Limited are:
- Jai Arya - Director
- Hideaki Nomura - Director
- Narasimha Kummamuri - Director
- Analjit Singh - Director
- Sahil Vachani - Director
- Venkatraman Krishnan - Manager
- Charles Richard Vernon Stagg - Director
- Mitsuru Yasuda - Director
- Malini Thadani - Director
The primary industry of Max Financial Services Limited is financial services. The company specifically operates in financial holding companies. The company is currently active in this sector.
Yes. Max Financial Services Limited is listed on both BSE (code: 500271) and NSE (symbol: MFSL).
Max Financial Services Limited can be reached at the registered office: Bhai Mohan Singh Nagar Rail Majra Tehsil Balachaur, Distt. Nawanshahr, Punjab, India – 144533, or through the website maxfinancialservices.com.