OPTIMISING STRONG

GROWTH AND STABILITY

Annual Report 2016-17

CHAIRMAN'S

LETTER

Dear Shareholders,
I am pleased to present this year’s Annual Report, which showcases...


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EXECUTIVE PRESIDENT’S

LETTER

Dear Shareholders,
In recognition of the strength of Max Life’s business and MFS’s unique position as a ..


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Our

Enterprise

Max Financial Services owns and actively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan headquartered global leader in life insurance.

Max India Limited, a multi-business corporate, owns and actively manages a 45.95% stake in Max Healthcare, a 51% stake in Max Bupa Health Insurance and a 100% stake in Antara Senior Living.

Max Ventures & Industries (MaxVIL) is the holding company of Max Speciality Films and serves as the Group’s entrepreneurial arm to explore the ‘wider world of business’, especially taking cues from the economic and commercial reforms agenda of the present Government,including ‘Make in India’, ‘Skill India’, ‘Digital India’, among others.

measures

of success

Max Life Assets Under Management*:

   44,370 Cr., grew 24%

Consolidated Revenues:

   12,971 Cr.# , grew 19%

Consolidated PBT:

   702 Cr., grew 51%

Benefitted over

28,00,000 lives in 730 locations across India through Max India Foundation

Investor base comprising marquee global financial institutions such as

Goldman Sachs, KKR, Morgan Stanley, Vanguard and Wasatch

Max Life Value of New Business :

   499 Cr., grew 29% and New Business Margin of18.8%

Max Life Embedded Value (MCEV):

   6,590 Cr*; operating RoEV 20%



88.6% Conservation Ratio, No.1 in private sector

210 Offices, 143 cities, Total people strength of 63,000

*All figures as at 31st March 2017

measures

of success

BUSINESS

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Management Discussion

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