5002712025-01-012025-03-315002712025-03-315002712025-01-012025-03-31CompositionOfBoardOfDirectors15002712025-03-31CompositionOfBoardOfDirectors15002712025-01-012025-03-31CompositionOfBoardOfDirectors25002712025-03-31CompositionOfBoardOfDirectors25002712025-01-012025-03-31CompositionOfBoardOfDirectors35002712025-03-31CompositionOfBoardOfDirectors35002712025-01-012025-03-31CompositionOfBoardOfDirectors45002712025-03-31CompositionOfBoardOfDirectors45002712025-01-012025-03-31CompositionOfBoardOfDirectors55002712025-03-31CompositionOfBoardOfDirectors55002712025-01-012025-03-31CompositionOfBoardOfDirectors65002712025-03-31CompositionOfBoardOfDirectors65002712025-01-012025-03-31CompositionOfBoardOfDirectors75002712025-03-31CompositionOfBoardOfDirectors75002712025-01-012025-03-31CompositionOfBoardOfDirectors85002712025-03-31CompositionOfBoardOfDirectors85002712025-01-012025-03-31CompositionOfCommittees145002712025-03-31CompositionOfCommittees145002712025-01-012025-03-31CompositionOfCommittees155002712025-03-31CompositionOfCommittees155002712025-01-012025-03-31CompositionOfCommittees165002712025-03-31CompositionOfCommittees165002712025-01-012025-03-31CompositionOfCommittees175002712025-03-31CompositionOfCommittees175002712025-01-012025-03-31CompositionOfCommittees415002712025-03-31CompositionOfCommittees415002712025-01-012025-03-31CompositionOfCommittees425002712025-03-31CompositionOfCommittees425002712025-01-012025-03-31CompositionOfCommittees435002712025-03-31CompositionOfCommittees435002712025-01-012025-03-31CompositionOfCommittees445002712025-03-31CompositionOfCommittees445002712025-01-012025-03-31CompositionOfCommittees455002712025-03-31CompositionOfCommittees455002712025-01-012025-03-31CompositionOfCommittees465002712025-03-31CompositionOfCommittees465002712025-01-012025-03-31CompositionOfCommittees685002712025-03-31CompositionOfCommittees685002712025-01-012025-03-31CompositionOfCommittees695002712025-03-31CompositionOfCommittees695002712025-01-012025-03-31CompositionOfCommittees705002712025-03-31CompositionOfCommittees705002712025-01-012025-03-31CompositionOfCommittees955002712025-03-31CompositionOfCommittees955002712025-01-012025-03-31CompositionOfCommittees965002712025-03-31CompositionOfCommittees965002712025-01-012025-03-31CompositionOfCommittees975002712025-03-31CompositionOfCommittees975002712025-01-012025-03-31CompositionOfCommittees985002712025-03-31CompositionOfCommittees985002712025-03-31MeetingOfBoardOfDirectors15002712025-01-012025-03-31MeetingOfBoardOfDirectors15002712025-03-31MeetingOfBoardOfDirectors25002712025-01-012025-03-31MeetingOfBoardOfDirectors25002712025-01-012025-03-31MeetingOfCommittees15002712025-03-31MeetingOfCommittees15002712025-01-012025-03-31MeetingOfCommittees25002712025-03-31MeetingOfCommittees25002712025-01-012025-03-31MeetingOfCommittees35002712025-03-31MeetingOfCommittees35002712025-01-012025-03-31MeetingOfCommittees45002712025-03-31MeetingOfCommittees45002712025-01-012025-03-31MeetingOfCommittees55002712025-03-31MeetingOfCommittees55002712024-12-315002712025-03-31OngoingTaxLitigationsOrDisputesDomain15002712025-03-31OngoingTaxLitigationsOrDisputesDomain25002712025-03-31OngoingTaxLitigationsOrDisputesDomain3xbrli:pure500271MFSLNAINE180A01020Max Financial Services Limited2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseDuring the quarter ended March 31, 2025, the Company has not acquire any shares or voting rights in the unlisted company. falseDuring the quarter ended March 31, 2025, no Action(s) were taken or orders passed by any regulatory, statutory, enforcement authority, or judicial body against the Company or its directors, key managerial personnel, senior management, promoter, or subsidiary, in relation to the Company except the demand order issued to the Company amounting to Rs 1.47 crores from the GST department, Delhi Staate, on the matters involving GST input tax credit along with levy of penalty and applicable interest, already disclosed to the sotck exchanges on February 24, 2025. truefalseThe Company has not given any loans/guarantees/comfort letters/securities, etc., to any promoter, promoter group, directors, KMP, or any other entities controlled by themtrueTop 500 listed entitiestruem00139OriginaltruefalseMrAnaljit Singh00029641Non-Executive - Non Independent DirectorChairperson related to Promoter1954-01-11falseActiveNA2018-07-232018-09-253000MrSahil VachaniADJPV6597K00761695Non-Executive - Non Independent DirectorNot Applicable1983-04-30falseActiveNA2018-05-252018-09-252031MrJai Arya08270093Non-Executive - Independent DirectorNot ApplicableShareholder Director1955-04-23falseActiveYes2023-08-222018-11-142023-08-2276.171120MrCharles Richarad Vernon StaggKWDPS7981B07176980Non-Executive - Independent DirectorNot ApplicableShareholder Director1955-09-27falseActiveYes2023-08-222019-02-112023-08-2273.181100MrHideaki Nomura05304525Non-Executive - Nominee DirectorNot Applicable1963-04-26falseActiveNA2020-12-082020-12-301000MrMitsuru YasudaBHLPY2961D08785791Non-Executive - Nominee DirectorNot Applicable1974-05-30falseActiveNA2020-12-082020-12-301030MrK Narasimha Murthy00023046Non-Executive - Independent DirectorNot ApplicableShareholder Director1957-08-13falseActiveNo2021-03-302021-03-3048.023364MrsMalini ThadaniAABPT5896L01516555Non-Executive - Independent DirectorNot ApplicableShareholder Director1957-07-29falseActiveYes2024-12-142024-12-012024-12-0143330truetruetruetrueAudit Committee08785791Mitsuru YasudaNon-Executive - Nominee DirectorMember2021-06-06Audit Committee00023046K Narasimha MurthyNon-Executive - Independent DirectorChairperson2022-06-01Audit Committee08270093Jai AryaNon-Executive - Independent DirectorMember2024-10-01Audit Committee01516555Malini ThadaniNon-Executive - Independent DirectorMember2025-01-01Nomination and remuneration committee00029641Analjit SinghNon-Executive - Non Independent DirectorMember2020-02-05Nomination and remuneration committee05304525Hideaki NomuraNon-Executive - Nominee DirectorMember2021-06-08Nomination and remuneration committee08270093Jai AryaNon-Executive - Independent DirectorChairperson2021-12-27Nomination and remuneration committee00023046K Narasimha MurthyNon-Executive - Independent DirectorMember2024-10-01Nomination and remuneration committee07176980Charles Richarad Vernon StaggNon-Executive - Independent DirectorMember2022-06-01Nomination and remuneration committee01516555Malini ThadaniNon-Executive - Independent DirectorMember2025-01-01Stakeholders Relationship Committee00761695Sahil VachaniNon-Executive - Non Independent DirectorChairperson2020-02-05Stakeholders Relationship Committee08785791Mitsuru YasudaNon-Executive - Nominee DirectorMember2021-06-08Stakeholders Relationship Committee01516555Malini ThadaniNon-Executive - Independent DirectorMember2025-01-01Risk Management Committee08270093Jai AryaNon-Executive - Independent DirectorMember2020-02-05Risk Management Committee08785791Mitsuru YasudaNon-Executive - Nominee DirectorChairperson2021-06-06Risk Management Committee00023046K Narasimha MurthyNon-Executive - Independent DirectorMember2025-01-01Risk Management Committee01516555Malini ThadaniNon-Executive - Independent DirectorMember2025-01-012024-10-22true9952025-02-04104true884Audit Committee2024-10-22true4430Audit Committee2025-02-04104true4430Nomination and remuneration committee2024-10-22true6640Risk Management Committee2025-01-2897true4430Stakeholders Relationship Committee2025-01-28true3310truetruetruetrueYestruetruetrueThe report for the last quarter ended December 31, 2024, was placed before at its meeting held on February 4, 2025, and the report for the quarter ended March 31, 2025, will be placed before the board at its ensuing meeting to be held on May 13, 2025. Mr. Piyush SoniCompany Secretary and Compliance OfficerYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comNAYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comNAYeswww.maxfinancialservices.comNAYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comNAYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYeswww.maxfinancialservices.comYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNoNo such agreement has been executed by any employee, including key managerial personnel, director, or promoter of the Company, on their behalf or behalf of any other person, with any shareholder or any other third party with regard to compensation or profit sharing in connection with dealings in the securities of the CompanyYesMr. Piyush SoniCompany Secretary and Compliance OfficerYesMr. Piyush SoniCompany Secretary and Compliance OfficerfalseMr. Piyush SoniCompany Secretary and Compliance OfficerGurugram2025-04-2400000Commissioner of Central Excise & Service Tax2015-01-29Background: Director General of Indirect taxes raised issues around Service Tax Sharing, ST on Foreign training and reimbursement and other related issues for FY 2006-07 to FY 2012-13 with tax impact of ~Rs. 114.5 Crs. Status: 1. Company has received favourable order from CESTAT and Tax Department has filed an appeal before Hon'ble Supreme Court 2. Next date of hearing yet to be notifiedBackground: Director General of Indirect taxes raised issues around Service Tax Sharing, ST on Foreign training and reimbursement and other related issues for FY 2006-07 to FY 2012-13 with tax impact of ~Rs. 114.5 Crs. Status: 1. Company has received favourable order from CESTAT and Tax Department has filed an appeal before Hon'ble Supreme Court 2. Next date of hearing yet to be notifiedPrincipal Commissioner of Income Tax2016-11-07Background: In AY 2010-11 the Tax Department made additions on account of Funds for Future Appropriation and Bonus to policyholders amounting to ~ INR 184 Crs (Tax Impact of ~ INR 28 Crs) Status: 1. Company has received favourable order from ITAT & Income Tax Department has filed an appeal before Hon'ble High Court 2. Next date of hearing yet to be notifiedBackground: In AY 2010-11 the Tax Department made additions on account of Funds for Future Appropriation and Bonus to policyholders amounting to ~ INR 184 Crs (Tax Impact of ~ INR 28 Crs) Status: 1. Company has received favourable order from ITAT & Income Tax Department has filed an appeal before Hon'ble High Court 2. Next date of hearing yet to be notifiedDeputy Commissioner of Income Tax2019-12-28Background: In AY 2017-18 Tax Department made additions on account of Funds for Future Appropriation, Bonus to policyholders, Shareholder Income and other issues amounting to ~ 1174 Crs (Tax Impact of ~Rs. 221 Crs.). Status: 1. Company received favourable order from CIT(A) on key issues and Income Tax Department has filed an appeal before ITAT 2. Next date of hearing is on 4 March 2025Background: In AY 2017-18 Tax Department made additions on account of Funds for Future Appropriation, Bonus to policyholders, Shareholder Income and other issues amounting to ~ 1174 Crs (Tax Impact of ~Rs. 221 Crs.). Status: 1. Company received favourable order from CIT(A) on key issues and Income Tax Department has filed an appeal before ITAT 2. Matter has been heard by the ITAT and order order is awaited.