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Latest news about Max Financial Services

Max Ventures to Offload 0.46% Stake in Max Financial Services for ₹270 Crores 20 hours ago Yesterday

Max Ventures plans to divest up to 0.46% of its shareholding in Max Financial Services through block deals. The stake sale has a floor price of ₹1,675.50 per share with a total offer size of ₹270.00 crores. This strategic move could potentially impact stock prices and market perceptions of both entities.

Max Financial Services Reports 18% Growth in H1, Maintains Margin Guidance Despite GST Impact 2 days ago

Max Financial Reaffirms 15-17% Growth Outlook for FY26 9 days ago

Max Financial Services Appoints Pradeep Pant as Independent Director 9 days ago

Max Financial Services Reports Strong Q2 Results with VNB and Premiums Exceeding Estimates 9 days ago

More news about Max Financial Services

11Nov 25

Max Financial Services Reports Strong Growth, Individual APE Rising 18% to ₹3,891 Crores

Max Financial Services Limited (MFSL) has reported robust financial performance, with its subsidiary Max Life Insurance achieving an 18% year-over-year increase in Individual Annual Premium Equivalent (APE) to ₹3,891 crores. The company's market share reached 10.1%. Value of New Business (VNB) grew by 27% to ₹974 crores, and New Business Margin improved to 23.3%. The company's solvency ratio improved to 208%. MFSL is pursuing product diversification and expanding through new distribution partnerships and digital channels to sustain premium growth.

30Oct 25

Max Financial Services Executes Rs. 56.81 Crore Block Trade on NSE

Max Financial Services conducted a significant block trade on the National Stock Exchange (NSE). The transaction involved 372,258 shares at Rs. 1,526.00 per share, totaling Rs. 56.81 crores. The trade was executed at a single price point, indicating a coordinated large-scale transaction. While the parties involved and the reasons for the trade were not disclosed, such transactions often draw market attention due to their potential to signal changes in institutional holdings or strategic investor moves.

01Oct 25

Axis Max Life Insurance Appoints Rajkamal Vempati as Non-Executive Director

Max Financial Services Limited (MFSL) has appointed Ms. Rajkamal Vempati as an additional director in a non-executive capacity on the board of its subsidiary, Axis Max Life Insurance, effective October 1, 2025. Vempati, currently Group Executive & Head of Human Resources at Axis Bank, replaces Mr. Arjun Chowdhry. She brings extensive experience in HR and organizational leadership, having previously worked with ICICI Lombard General Insurance Company and other notable organizations. Vempati holds an MBA from XLRI Jamshedpur and has been recognized for her efforts in diversity and inclusion.

30Sept 25

Max Financial Services Appoints Siddhi Suneja as Company Secretary and Compliance Officer

Max Financial Services Limited (MFSL) has appointed Ms. Siddhi Suneja as Company Secretary and Compliance Officer, effective October 1, 2025. Suneja, with ICSI membership A57747, brings eight years of experience from Axis Max Life Insurance Limited. Her role includes being the Nodal Officer for investor claims. Suneja's expertise spans capital raising, organizational changes, and regulatory compliance. She holds degrees in commerce and law, and is a member of the Institute of Company Secretaries of India.

24Sept 25

Axis Max Life Insurance Raises INR 800.125 Crore Through Debenture Allotment

Axis Max Life Insurance, a subsidiary of Max Financial Services, has successfully raised INR 800.125 crore by allotting 80,000 debentures with a face value of INR 1,00,000 each to identified investors through private placement. The debentures carry a 7.95% coupon rate, have a 10-year tenure maturing on September 24, 2035, and will be listed on the National Stock Exchange. This allotment completes the company's approved initiative to raise INR 1,300 crore, following a previous INR 500 crore debenture allotment in February.

05Sept 25

Max Financial Services Welcomes GST Exemption on Individual Life Insurance Policies

Max Financial Services Limited (MFSL) announced that the GST Council has approved an exemption from GST for individual life insurance policies, effective September 22, 2025. This change is expected to improve insurance affordability and reduce the protection gap in India. MFSL anticipates minimal impact on its subsidiary, Axis Max Life Insurance Limited, with less than 1% effect on embedded value. The company is preparing its systems for the transition.

07Aug 25

Max Financial Targets ₹1,000 Crore Annual Profit and ₹1.6 Lakh Crore AUM by FY27

Max Financial Services Limited aims to achieve ₹1,000 crore annual profit and ₹1.6 lakh crore AUM by FY27. The strategy focuses on protection products, non-participating policies, digital-led bancassurance, and Axis Bank partnership. Q1 FY26 results show positive momentum with 23% growth in Individual Adjusted First Year Premium, 18% increase in Gross Written Premium, and 32% rise in Value of New Business. The company increased its private industry market share by 121 basis points to 10%. Digital initiatives include the launch of the 'Axis Max Life app'. The company maintains a 99.70% claims paid ratio.

07Aug 25

Max Financial Services Reports Mixed Q1 Results: Revenue Growth Amid Profit Decline

Max Financial Services Limited (MFSL) reported a mixed Q1 performance with revenue growth but a decline in consolidated net profit. Revenue excluding investment income grew 18% to Rs 6,194.00 crore, while consolidated PAT fell to Rs 86.00 crore from Rs 130.00 crore year-over-year. The life insurance segment showed strong growth with Individual Adjusted First Year Premium up 23% and Gross Written Premium increasing 18%. The company expanded its private market share and maintained leadership in e-commerce. Despite profitability challenges, MFSL's focus on product innovation and distribution expansion is yielding positive results in premium growth and market share.

01Aug 25

IRDAI Gives Green Light to Max Financial's Bancassurance Operations

The Insurance Regulatory and Development Authority of India (IRDAI) has decided not to impose restrictions on Max Financial Services Ltd's (MFSL) bancassurance operations through parent banks. This decision allows MFSL to maintain its existing distribution model, potentially strengthening its market position. The company can continue leveraging bank partnerships for insurance product distribution, retain access to a wide customer base, and possibly sustain its growth momentum in the insurance sector.

29Jul 25

Max Financial Services Secures Regulatory Approval for Promoter Reclassification

Max Financial Services Limited (MFSL) has received regulatory approval for promoter reclassification. This change is expected to increase strategic flexibility, improve professional governance, and enhance institutional participation. The reclassification, approved under SEBI regulations, will likely affect the company's shareholding pattern and long-term decision-making processes.

22Jul 25

Max Financial Hints at Potential GST Removal for Term Life and Senior Health Insurance

Max Financial Services has indicated that GST might be eliminated on term life insurance and senior health insurance products. This potential change could lead to reduced costs for consumers, increased adoption of these insurance types, and a particular focus on vulnerable segments such as young families and elderly individuals. The move, if implemented, could significantly impact the insurance industry, altering the competitive landscape and potentially increasing market penetration in these categories.

22Jul 25

Axis Bank Eyes Promoter Status in Max Life Insurance with Planned Stake Increase

Axis Bank plans to acquire an additional 10% stake in Max Life Insurance, pending RBI approval. This move is part of the bank's strategy to strengthen its position in the insurance sector. The bank will initiate the regulatory approval process once an ongoing SEBI case is resolved. This potential stake increase could lead to greater control over Max Life Insurance's operations and strategy, potentially creating synergies between banking and insurance services.

17Jul 25

IRDAI Panel Recommends Against Merging Insurers with Non-Insurers: Potential Impact on Max Financial

An IRDAI panel has recommended prohibiting the merger of insurance companies with non-insurance entities. This suggestion, if implemented, could significantly impact the insurance sector's landscape and corporate strategies. While specific implications for Max Financial Services Ltd. are not detailed, the company may need to reassess its future strategic decisions. The recommendation emphasizes the regulator's focus on maintaining distinct operations for insurance companies and could influence merger and acquisition activities in the sector.

02Jul 25

Max Financial Services Subsidiary Probes Potential Data Breach, Reports Q4 Growth

Axis Max Life Insurance, a subsidiary of Max Financial Services, has launched an investigation into a potential data breach following an anonymous tip about unauthorized access to customer information. The company has promptly initiated security measures, including an information security assessment and engagement of external experts. Despite this, Axis Max Life reported positive Q4 financial results with total APE growing 6% year-on-year to ₹3,039.00 crore and VNB increasing 8% to ₹882.00 crore.

10Jun 25

Max Financial Services Announces Leadership Change at Axis Max Life Insurance

Max Financial Services announced Sumit Madan will succeed Prashant Tripathy as Managing Director and CEO of Axis Max Life Insurance. Madan, currently Chief Distribution Officer, will assume the role on October 1, 2025, for a five-year term. The appointment awaits shareholder approval and IRDAI clearance. Madan brings 25 years of banking and financial services experience to the position.

06Jun 25

Max Financial Services Witnesses Significant Block Trade Worth ₹61.62 Crore

A significant block trade of 408,599 shares of Max Financial Services Ltd occurred on the National Stock Exchange (NSE). The transaction was valued at ₹61.62 crore, with shares priced at ₹1,508.00 each. This large trade suggests substantial investor interest in the company and may indicate institutional involvement, though the identities of the buyers and sellers were not disclosed.

29May 25

Max Life Insurance CEO to Step Down, Max Financial Shares Dip

Prashant Tripathy, MD and CEO of Max Life Insurance, plans to retire by September 2025, causing a 3% drop in Max Financial Services' stock. Despite this, Jefferies maintains a 'Buy' rating with a target price of ₹1,700, suggesting a 13% upside. The company has initiated an internal succession process.

23May 25

Max Financial Services Sees Significant Block Trade on NSE

A substantial block trade of approximately 500,628 shares of Max Financial Services Ltd. was executed on the National Stock Exchange (NSE). The transaction, valued at Rs. 73.42 crores, saw shares changing hands at Rs. 1466.60 per share. While the identities of the buyer and seller remain undisclosed, this large-scale trade could potentially impact the company's ownership structure. Max Financial Services, the holding company for Max Life Insurance, has not yet released an official statement regarding this transaction.

14May 25

Max Financial Services Swings to Profit in Q4 FY23, Revenue Declines

Max Financial Services posted a consolidated net profit of 313.00 million rupees in Q4 FY23, reversing a loss of 440.50 million rupees from the previous year. However, revenue decreased by 16.90% to 123.75 billion rupees. The quarter-on-quarter profit also declined from 560.00 million rupees in the previous quarter.

13May 25

Max Financial Services Reports Strong Q4 FY25 Growth in Retail APE and VNB

Max Financial Services has announced impressive Q4 FY25 results with Total Annual Premium Equivalent (APE) up 6% YoY to ₹3039.00 crore and Value of New Business (VNB) growing 8% to ₹882.00 crore. For FY25, the company achieved 18% overall APE growth, 26% proprietary channel APE growth, and a 16% increase in Assets Under Management to ₹175000.00 crore. The VNB margin improved to 29.02%, indicating enhanced profitability.

17Apr 25

MAX FINANCIAL SERVICES Sees Major Block Trade Amidst Promoter Reclassification Move

MAX FINANCIAL SERVICES LTD. witnessed a significant block trade on NSE, with 621,696 shares traded at Rs. 1,200 per share, totaling Rs. 74.60 crores. Concurrently, the company applied to reclassify Ms. Neelu Analjit Singh, holding 100,000 shares, from 'Promoter and Promoter Group' to 'Public' category on April 16, 2025.

15Apr 25

Max Financial Services Appoints New CFO, Approves Promoter Reclassification

Max Financial Services Ltd. has appointed Nishant Kumar Gehlawat as its new CFO effective May 1, 2025, replacing Amrit Pal Singh. The Board has also approved a request from Ms. Neelu Analjit Singh to reclassify her status from 'Promoter and Promoter Group' to 'Public' category, following a Settlement Agreement with Mr. Analjit Singh. This reclassification is subject to stock exchange approval.

27Mar 25

Max Financial Services Sees ₹569 Crore Block Deal Amid Q3 Profit Decline

Max Financial Services Ltd experienced a significant block deal of 51.16 lakh shares (1.50% equity) at ₹1,112 per share, totaling ₹569 crore. Simultaneously, the company reported a 62.3% year-over-year decline in Q3 net profit to ₹56 crore, despite a 61.2% increase in Net Interest Income to ₹122.80 crore.

27Mar 25

Max Ventures Investment Holding Plans to Offload 1.59% Stake in Max Financial

Max Ventures Investment Holding plans to sell up to 1.59% stake in Max Financial Services through block deals. The offer price is set at ₹1,117.60 per share, with the total deal value estimated at ₹611.60 crore. This move could potentially impact the stock's trading volume and price.

26Mar 25

Max Ventures Investment Holding to Offload 1.59% Stake in Max Financial Services

Max Ventures Investment Holding plans to sell up to 1.59% stake in Max Financial Services through block deals. The offer price is set at ₹1,117.60 per share, with the total deal size estimated at ₹611.60 crore. This significant transaction is expected to inject liquidity into the market and potentially impact Max Financial Services' ownership structure.

05Mar 25

Max Financial Services Sees Significant Block Trade on NSE

Max Financial Services Ltd. (NSE: MFSL) experienced a significant block trade on the National Stock Exchange. 1,184,205 shares were traded at Rs. 1,013.85 per share, totaling Rs. 120.06 crores. This large transaction may indicate shifts in institutional holdings or strategic moves by major investors, potentially influencing short-term market sentiment and trading patterns.

04Mar 25

Max Financial Services Sees Significant Block Trade Worth Rs. 33.01 Crores on NSE

Max Financial Services Ltd. experienced a significant block trade on the National Stock Exchange (NSE). Approximately 330,877 shares were traded at Rs. 997.75 per share, totaling Rs. 33.01 Crores. This large-scale transaction could indicate institutional interest, influence market sentiment, and demonstrates the stock's liquidity.

04Mar 25

Max Financial Services Witnesses Massive Block Trade Worth ₹49.91 Crore on NSE

A significant block trade of 501,820 shares of Max Financial Services Ltd. was executed on the NSE at ₹994.65 per share, totaling ₹49.91 crore. This large transaction indicates potential institutional activity or major stakeholder movements, which could influence short-term market sentiment for the stock.

03Mar 25

Max Financial Services Witnesses Substantial Block Trade on NSE

A significant block trade of 201,052 shares of Max Financial Services Ltd. was executed on the National Stock Exchange at ₹987.00 per share, totaling ₹19.84 crores. This large transaction indicates strong investor interest in the company, which is a key player in India's life insurance sector through its subsidiary Max Life Insurance. While the identities of the parties involved remain undisclosed, such substantial trades can influence market perceptions of the company.

27Feb 25

Max Financial Services Sees Major Block Trade Amid Promoter Reclassification Request

Max Financial Services Ltd. experienced a significant block trade of 510,615 shares at Rs. 1,013.10 per share, totaling Rs. 51.73 crores. Separately, Ms. Neelu Analjit Singh, currently a promoter, requested reclassification from 'Promoter and Promoter Group' to 'Public' category following a divorce and asset segregation agreement with Mr. Analjit Singh. The reclassification, if approved, will not affect the company's current ownership and control structure.