Max Financial Services Profile
Key Indicators
- Authorised Capital ₹ 70.00 Cr
- Paid Up Capital ₹ 69.02 Cr
- Company Age 37 Year, 1 Month
- 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 37 years and one month. 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
Financial Services
Business Outsourcing
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
- Ratios
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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
Axis Max Life Insurance LimitedSahil Vachani, Jai Arya and 2 more are mutual person
Charges (Loans)
Open Charges
₹38.53 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Max Financial Services
Recent activity within the organization
- Annual General Meeting
Max Financial Services Limited last Annual general meeting of members was held on 23 Aug 2024 as per latest MCA records.
- Balance Sheet
Max Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Director Appointment
Mitsuru Yasuda was appointed as a Director was appointed as a Director on 08 Dec 2020 & has been associated with this company since 4 years 3 months .
- Director Appointment
Hideaki Nomura was appointed as a Director was appointed as a Director on 08 Dec 2020 & has been associated with this company since 4 years 3 months .
- Director Appointment
Charles Richard Vernon Stagg was appointed as a Director was appointed as a Director on 11 Feb 2019 & has been associated with this company since 6 years 1 month .
- Director Appointment
Jai Arya was appointed as a Director was appointed as a Director on 14 Nov 2018 & has been associated with this company since 6 years 4 months .
Recent News, Updates & Announcement
- Max Financial Services Q3 FY24 Results Live : profit falls by 33.96% YOY | Mint.
Max Financial Services Q3 FY24 Results Live : Revenue increased by 38.96% YoY & profit decreased by 33.96% YoY.
Frequently asked questions
What is the Incorporation or founding date of Max Financial Services Limited?
Max Financial Services Limited was incorporated on 24 Feb 1988.
What is authorized share capital and paid-up capital of Max Financial Services Limited?
The authorized share capital of Max Financial Services Limited is ₹ 70.00 Cr and paid-up capital is ₹ 69.02 Cr.
Who are the current board members & directors of Max Financial Services Limited?
Currently 10 directors are associated with Max Financial Services Limited.
- Narasimha Murthy Kummamuri
- Analjit Singh
- Dinesh Kumar Mittal
- Sahil Vachani
- Jai Arya
- Mitsuru Yasuda
- Amrit Singh
- Piyush Soni
- Charles Richard Vernon Stagg
- Hideaki Nomura
What is the registered address of Max Financial Services Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Max Financial Services Limited is Bhai Mohan Singh Nagar Rail Majra Tehsil Balachaur, India, Distt. Nawanshahr, Punjab, 144533.
What is the corporate identification number (CIN) and company number of Max Financial Services Limited?
The corporate identification number (CIN) of Max Financial Services Limited is L24223PB1988PLC008031 and the company number is 008031 as per Ministry of Corporate Affairs (MCA).
Is Max Financial Services Limited registered with any stock exchange in India?
Yes, Max Financial Services Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): MFSL.
What is the official website of Max Financial Services Limited?
The Official website of Max Financial Services Limited is https://www.maxfinancialservices.com
What has been the recent revenue trend for Max Financial Services Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Max Financial Services Limited has fallen by -71.18%.
How many employees does Max Financial Services Limited currently have?
As Per 2023 financial reports, 37779 employees are currently employed by Max Financial Services Limited.
What change has been observed in the net worth of Max Financial Services Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Max Financial Services Limited has experienced an upsurge of 0.20%.
What are the total open charges for Max Financial Services Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Max Financial Services Limited amount to ₹ 38.53 Cr.
When was the last Balance Sheet of Max Financial Services Limited filed with the ROC?
The most recent Balance Sheet for Max Financial Services Limited was filed with the ROC on 31 Mar 2024.
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