Max Financial Services Profile
Key Indicators
- Authorised Capital ₹ 70.00 Cr
- Paid Up Capital ₹ 69.02 Cr
- Company Age 36 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 38.53 Cr
- Satisfied Charges ₹ 524.31 Cr
- Revenue Growth -71.18%
- Profit Growth -86.48%
- Ebitda -85.14%
- Net Worth 0.20%
- Total Assets 0.05%
About Max Financial Services
Max Financial Services Limited (MFSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 February 1988 and has a history of 36 years and 11 months. Its registered office is in Nawanshahr, Punjab, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500271 and on the National Stock Exchange(NSE) under MFSL.
The Corporate was formerly known as Max India Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 70.00 Cr and a paid-up capital of Rs 69.02 Cr.
The company currently has active open charges totaling ₹38.53 Cr. The company has closed loans amounting to ₹524.31 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Max Financial Services Limited India are Amrit Singh as CFO and Piyush Soni as Company Secretary. Narasimha Kummamuri, Analjit Singh, Dinesh Mittal, and Five other members serve as directors at the Company.
Company Details
- Location
Nawanshahr, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Who are the key members and board of directors at Max Financial Services?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Amrit Singh | CFO | 01-May-2022 | Current |
| Piyush Soni | Company Secretary | 01-Jul-2023 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sahil Vachani  | Director | 25-May-2018 | Current |
Jai Arya  | Director | 14-Nov-2018 | Current |
| Dinesh Mittal | Director | 01-Jan-2015 | Current |
| Narasimha Kummamuri | Director | 22-Dec-2009 | Current |
| Analjit Singh | Director | 24-Feb-1988 | Current |
Mitsuru Yasuda  | Director | 08-Dec-2020 | Current |
Financial Performance of Max Financial Services.
Max Financial Services Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 71.18% decrease. The company also saw a substantial fall in profitability, with a 86.48% decrease in profit. The company's net worth moved up by a moderate rise of 0.2%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Max Financial Services?
In 2022, Max Financial Services had a promoter holding of 14.72% and a public holding of 85.28%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Max Estates LimitedAnaljit Singh, Dinesh Mittal and 1 more are mutual person
New Delhi Television LimitedDinesh Mittal is a mutual person
Ergos Business Solutions Private LimitedDinesh Mittal is a mutual person
Apl Apollo Tubes LimitedDinesh Mittal is a mutual person
Bharti Axa Life Insurance Company LimitedDinesh Mittal is a mutual person
Max Life Insurance Company LimitedNarasimha Kummamuri, Sahil Vachani and 2 more are mutual person
Charges (Loans)
₹38.53 Cr
₹524.31 Cr
Charges Breakdown by Lending Institutions
- Banque National De Paris : 8.00 Cr
- Abn Amro Bank N V : 7.00 Cr
- Anz Grindlays Bank P.L.C. : 5.00 Cr
- Anz Grindlas Bank Plc. : 5.00 Cr
- Anz Grinlandys Bank : 5.00 Cr
- Others : 8.53 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2004 | Punjab National Bank | ₹5.00 Cr | Open |
| 13 Mar 1996 | Abn Amro Bank N V | ₹7.00 Cr | Open |
| 03 Jun 1994 | Anz Grinlands Bank Plc. | ₹2.70 M | Open |
| 03 May 1994 | Canara Bank | ₹3.50 M | Open |
| 10 Dec 1993 | Standerd Charterd Bank | ₹1.55 Cr | Open |
How Many Employees Work at Max Financial Services?
Max Financial Services has a workforce of 37779 employees as of Mar 30, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Max Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Max Financial Services's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
