CHARTING NEW HIGH-

POTENTIAL FRONTIERS

Annual Report 2016-17

CHAIRMAN'S

LETTER

Dear Shareholders,
It is a cliché worth repeating that well begun is half done. Three years ago, when...


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MD'S

LETTER

Dear Shareholders,
It is an honour and a privilege to present this year’s Annual Report...


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Our

Enterprise

Max Ventures & Industries (MaxVIL) 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.

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.

measures

of success

100% growth

in MaxVIL share price since listing

Consolidated Operating Revenues of

656 Cr.

New York Life subsidiary invests

121 Cr. for 22.51% stake in MaxVIL

~1 Million sq. ft

of commercial and residential space under development by Max Estates

Exploratory work commenced for

Max Learning Limited

Japan-based Toppan Printing Co. Ltd inducted as JV partner for Max Speciality Films with investment of at 199 Cr.

Investments made in Azure Hospitality and Nykaa.com. More high-growth prospects being explored

20% inventory sold in Max Estates’ maiden project in Dehradun

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

*All figures as at 31st March 2017

measures

of success

*All figures as at 31st March 2017

BUSINESS

REVIEW

Management Discussion

and Analysis