Max Financial Services Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting

Max Financial Services has announced a board meeting to approve the financial results for the quarter and half-year. Consolidated revenue from operations hit Rs. 46,469 Cr for the year, with profit after tax edging up to Rs. 406.7 Cr from Rs. 393.5 Cr. Life insurance remains the key growth area, with policyholders’ income steady at over Rs. 45,854 Cr. Subsidiary Axis Max Life reported an embedded value of Rs. 25,192 Cr and new business value of Rs. 2,107 Cr. Axis Max Life also raised Rs. 500 Cr through subordinated debt. The pension fund business has been wound down.