Max Financial Services Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
About
Max Financial Services Limited (MFSL) is a holding company that manages Max Life Insurance Company Limited, a private life insurance company in India. MFSL also offers investment and management advisory services. The firm was incorporated on February 24, 1988. The company is part of the Max Group, an Indian business conglomerate and the headquarters are in Nawanshahar, Punjab. MFSL offers life insurance plans, including term insurance, child insurance, retirement, and health insurance. Alongside, the firm also offers investment plans, including tax saving, assured wealth, and smart wealth income plans. MFSL offers investment plans, including tax saving, assured wealth, and smart wealth income plans
Incorporation Year: 1988
Headquarters: Nawanshahar, punjab
Top Management: Analjit Singh
Industry: Insurance
Website: maxfinancialservices.com
Featured In Fortune India Ranking
Fortune 500 India
#59(2024)
#76(2023)
#62(2022)
#55(2021)
#77(2020)
#81(2019)
#95(2018)
#89(2017)
#109(2016)
#86(2015)
#105(2014)
#102(2013)
#117(2012)
#107(2011)
#91(2010)
#59(2024)#76(2023)#62(2022)#55(2021)#77(2020)#81(2019)#95(2018)#89(2017)#109(2016)#86(2015)#105(2014)#102(2013)#117(2012)#107(2011)#91(2010)
Ranking Trend Fortune 500 India
Next 500 India
#79(2019)#107(2018)#286(2017)
#79(2019)#107(2018)#286(2017)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
46,618
(INR Cr)
Net Operating Income
46,580
(INR Cr)
Assets
4,892
(INR Cr)
Profit
340
(INR Cr)
Net Worth
3,866
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 46618 48.3% | 31431 0.8% | 31188 -0.3% | 31288 71.5% | 18242 -6.5% | 19513 19.4% | 16339 7.2% | 15249 30.2% | 11712 -21.6% | 14942 27.9% | 11687 10.0% | 10624 23.7% | 8586 8.8% | 7894 1.9% | 7750 57.6% | 4918 - |
| Net Operating Income (INR Cr) | 46580 48.27% | 31415 0.75% | 31182 -0.30% | 31275 71.46% | 18240 -6.51% | 19510 19.42% | 16338 7.16% | 15247 30.20% | 11710 -21.45% | 14908 28.22% | 11626 10.08% | 10562 23.72% | 8537 8.71% | 7853 40.79% | 5578 23.75% | 4508 39.07% |
| Profit (INR Cr) | 340 -10.1% | 378 49.4% | 253 -40.4% | 425 193.4% | 145 -44.8% | 263 -8.3% | 286 -27.6% | 395 56.4% | 253 -9.6% | 280 100.5% | 139 -82.2% | 784 406.0% | 155 1685.5% | 9 - | -72 - | -218 - |
| Assets (INR Cr) | 4892 8.9% | 4491 -10.3% | 5007 38.8% | 3609 27.9% | 2822 -0.4% | 2833 -94.7% | 53702 29.3% | 41543 23.2% | 33729 8.6% | 31064 25.4% | 24769 15.8% | 21394 17.3% | 18237 24.5% | 14644 19.5% | 12257 70.4% | 7192 - |
| Net Worth (INR Cr) | 3866 9.9% | 3518 -10.6% | 3935 17.7% | 3343 55.7% | 2147 4.3% | 2059 13.2% | 1819 -22.1% | 2335 18.8% | 1966 -40.5% | 3302 10.7% | 2984 2.8% | 2903 15.5% | 2513 76.7% | 1422 -3.4% | 1471 11.8% | 1316 -14.7% |
| Employee Cost (INR Cr) | 35 19.9% | 29 -20.5% | 37 -39.5% | 61 69.1% | 36 -57.4% | 84 127.0% | 37 -96.0% | 918 41.2% | 650 -35.6% | 1010 5.6% | 957 8.7% | 880 10.5% | 796 -6.5% | 852 10.7% | 769 -8.9% | 844 - |
| Interest Cost (INR Cr) | 44 | 37 | 25 | 0 | 0 | 27 | 0 | 9 | 8 | 82 | 93 | 84 | 86 | 113 | 59 | 51 |
| Cash & Bank Balance (INR Cr) | 906 | 1178 | 600 | 508 | 449 | 508 | 613 | 356 | 336 | 319 | 394 | 362 | 525 | 717 | 252 | 228 |
| Total Debt (INR Cr) | 523 | 523 | 522 | 3 | 3 | 0 | 0 | 0 | 0 | 543 | 702 | 676 | 549 | 1033 | 961 | 5350 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.7% | 1.2% | 0.8% | 1.4% | 0.8% | 1.4% | 1.8% | 2.6% | 2.2% | 1.9% | 1.2% | 7.4% | 1.8% | 0.1% | - | - |
| Profit As % Of Assets | 7.0% | 8.4% | 5.1% | 11.8% | 5.1% | 9.3% | 0.5% | 1.0% | 0.8% | 0.9% | 0.6% | 3.7% | 0.9% | 0.1% | - | - |
| Profit As % Of Networth | 8.8% | 10.8% | 6.4% | 12.7% | 6.8% | 12.8% | 15.7% | 16.9% | 12.9% | 8.5% | 4.7% | 27.0% | 6.2% | 0.6% | - | - |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 8.1% | 9.2% | 6.4% | 15.8% | 13.0% | 21.5% | 21.3% | 27.6% | 14.9% | 11.6% | 7.1% | 27.7% | 23.2% | 0.4% | - | - |
| ROCE | 8.6% | 10.4% | 7.9% | 16.7% | 21.0% | 1.9% | 1.1% | 1.9% | 1.5% | 2.2% | 1.7% | 5.5% | 4.2% | 1.0% | 0.0% | 0.0% |