The Max Group is a leading Indian multi-business conglomerate with a commanding presence in the Life Insurance, Healthcare and Health Insurance industry. It has recently ventured into high potential sectors – Senior Living and Real Estate. In FY2019, the Group recorded consolidated revenue of Rs. 22,150 Cr. It has a total customer base of 11 million, over 350 offices spread across India and people strength of more than 27,500 as on 31st March 2019. The Group’s investor base includes marquee global financial institutions such as KKR, IFC Washington, Vanguard, Ward Ferry, New York Life, Nomura, Aberdeen, Norway Pension Fund, First State Investments, First Voyager, Eastspring, Target Asset Management, Baron, Jupiter, Briarwood Capital, Doric Capital and Wasatch.
The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries:
Max Financial Services
The holding company for Max Life, India’s largest non-bank-owned, private life insurance company. MFS’ vision is to develop Max Life into being one India’s most admired companies for protecting and enhancing the financial future of its customers. Max Financial Services owns and actively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan- headquartered global leader in life insurance.
The Holding Company for Max Healthcare, Max Bupa Health Insurance and Antara Senior Living. Focused on Health & Allied businesses, the Company’s vision is to be one of India’s most admired companies for health and life care needs of its customers, patients and their families. Max Healthcare and Max Bupa Health Insurance are joint ventures with global leaders, Life Healthcare (South Africa) and Bupa Finance Plc. (UK), respectively. These businesses have well-entrenched positions in their respective categories, and are recognized for their outstanding service standards. The Company owns and actively manages a 49.7% per cent stake in Max Healthcare, a 51% stake in Max Bupa Health Insurance and a 100% stake in Antara Senior Living.
Max Ventures & Industries
The holding company for Max Speciality Films, an innovation leader in the Speciality Packaging Films business. In addition to manufacturing, the Company also serves as the Group’s entrepreneurial arm to explore the ‘wider world of business’, especially taking cues from the economic and commercial reforms agenda of the present Government, including ‘Make in India’, ‘Skill India’, ‘Digital India’, among others. The Company’s vision is to address the wider world of business opportunities in India and abroad with fresh standards of entrepreneurial excellence.