The Max Group is a leading Indian multi-business conglomerate with interests in the Life Insurance, Senior Care and Real Estate industries. In FY2019, the Group recorded consolidated revenue of Rs. 24,134 Cr. It currently has a total customer base of 9 million, around 340 offices spread across India, an agency strength of ~46,000 and employee strength of more than 27,000.
The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries. The Group’s investor base includes marquee global financial institutions such as New York Life, KKR, IFC Washington, Vanguard, Ward Ferry, Briarwood Capital, Ellipsis Partners, Nomura, Aberdeen, First State Investments, Indgrowth Capital Fund, India Insight Value Fund, First Voyager, Eastspring, Target Asset Management, Baron and Doric Capital.
The Max Group is led by its Founder and Chairman Mr. Analjit Singh.
The Max Group’s holding companies include Max Financial Services, Max India and Max Ventures & Industries:
Max Financial Services
Max Financial Services Limited (MFS) is the holding company for Max Life, India’s largest non-bank, private life insurance company.
The Company’s vision is to be the most admired company for protecting and enhancing the financial future of its customers. This vision is founded on a clear set of values that are shared across the Group – Sevabhav, Excellence and Credibility.
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.
Max India Limited, a part of the leading Indian conglomerate Max Group, has a presence in the senior care industry. It is the holding company of Antara Senior Living and Max Skill First. Max India is listed on both the Bombay Stock Exchange as well as the National Stock Exchange.
Max Ventures & Industries
Incorporated in 2015, Max Ventures & Industries Limited (MaxVIL), is a part of the billion Max Group. The Company owns and operates real estate business through its 100% subsidiary, Max Estates, and a packaging films business through Max Speciality Films, a 51:49 strategic partnership with Toppan, Japan. MaxVIL also has an investment subsidiary, Max I. MaxVIL is listed on NSE and BSE. Besides a 47.1% holding by Analjit Singh sponsor family, some other shareholders include New York Life and First State Investments.