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Press background on Max Group
Company profile
The Max Group is a leading Indian multi-business conglomerate with a commanding presence in the Life Insurance, Health & Allied businesses and packaging sectors. In FY 2017, the Group recorded consolidated revenues of Rs 16,798 Cr. It has a total customer base of 9 million, nearly 240 offices spread across India and people strength of 22,500 as on 31st March 2017. The Group’s investor base includes marquee global financial institutions such as Goldman Sachs, KKR, IFC, Ward Ferry, Temasek, Vanguard, Wasatch, Fidelity and New York Life. The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries.
 Recent press releases
Mohit Talwar Completes Tenure as Max Group Vice Chairman

Mohit Talwar to continue as MD, Max Financial Services for another year
Tara Singh Vachani to transition to Vice Chairperson role effective today
Rajit Mehta’s role as MD, Max India to be effective Jan.15, 2021
India’s leading multi-b... (more)
Rajit Mehta Appointed as MD & CEO of Antara; To Oversee New Business Initiatives at Max India, Tara Singh Vachani to become Executive Chairman of Antara

The Board of Antara Senior Living, India’s premier senior living company, today announced the appointment of Rajit Mehta to the position of Managing Director & CEO of Antara Senior Living. Rajit was the MD & CEO of Max Healthcare till recently. He will also take on a Group lev... (more)
True North to Acquire Controlling Stake in Max Bupa Health Insurance from Max India

All cash transaction, values Max Bupa at Rs. 1,001 Cr.
JV partner Bupa remains fully committed to the business
The Board of Max India, today, approved the sale of its 51% stake in Max Bupa Health Insurance Company (Max Bupa), to the leading Private Equ... (more)
Rahul Khosla to Transition from Group President to a Group Advisor Role in Line with Agreed Plans Analjit Singh to Become Chairman of Max Life and Max India Mohit Talwar to Become Group Vice Chairman

India’s leading multi-business conglomerate, the Max Group, today announced that Rahul Khosla, currently Group President, will move to a non-executive role as Group Advisor effective 1 April, 2019. The move is in line with the transition plan announced last year.
Max Group Promoters Clarify Position on SEBI Order Regarding Consolidation of Shareholdings under Family Trust

Promoter family will continue to own and control the entire shareholding even after the proposed consolidation
Benefit of exemption provided to MFS should have been extended to Max India and MaxVIL as well
SEBI has not mandated an Open Offer anywhere in its order
... (more)
Max Financial Services Reports Consolidated Revenues of Rs. 14,967 Cr. in FY2018

Max Life Results Highlights (FY2018):
Value of New Business: Rs. 656 Cr, grew 31%; New Business Margin: 20.2%
Individual Adjusted Sales: Rs. 3,215 Cr., grew 22%
Assets Under Management crossed Rs 50,000; grew 18% to Rs. 52,237 Cr3
Max Finan... (more)
Max Group Secures Two Historic Wins at ASQ World Conference for Quality and Improvement 2018

Max Life becomes the first Indian financial services company and the second Indian company ever to win Gold at the ASQ World Conference
With a Bronze win, Max Healthcare is the first healthcare organisation in the last 10 years to win one of the top 3 awards
... (more)