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Financial Services Limited500271MFSLNA2023-04-012024-03-31First half yearly2023-04-012023-09-30LakhstruetrueNANAfalsefalseMax Financial Services LimitedMax India LimitedEntities with joint control or significant influence over entitySale of goods or services50000000NA2500000000Max Financial Services LimitedMax India LimitedEntities with joint control or significant influence over entityAny other transactionRecovery of expenses incurred3900000NA116100000Max Financial Services LimitedMax India LimitedEntities with joint control or significant influence over entityPurchase of goods or services65000000NA325500000-4269000Max Financial Services LimitedMax India LimitedEntities with joint control or significant influence over entityAny other transactionReimbursement of expenses378000NA37800000Max Financial Services LimitedMax India LimitedEntities with joint control or significant influence over entityAny other transactionLease rental & other charges received180000NA9000000Max Financial Services LimitedMax India LimitedEntities with joint control or significant influence over entityAny other transactionLease rental and other charges paid9000000NA437400000Max Financial Services LimitedMax India LimitedEntities with joint control or significant influence over entityAny other transactionSecurity Deposit paid0NA021870002187000Max Financial Services LimitedMax India LimitedEntities with joint control or significant influence over entityAny other transactionSecurity Deposit received0NA0-45000-45000Max Financial Services LimitedDelhi Guest House Pvt LimitedEntities with joint control or significant influence over entityPurchase of goods or services11012000NA5554000-300000Max Financial Services LimitedDelhi Guest House Pvt LimitedEntities with joint control or significant influence over entityAny other transactionSecurity deposit paid0NA027740002774000Max Financial Services LimitedMax UK LimitedEntities with joint control or significant influence over entityPurchase of goods or services9600000NA4800000-9600000-4800000<DIV > <DIV><SPAN style='FONT-SIZE: 11pt; FONT-FAMILY: "Calibri",sans-serif; mso-fareast-font-family: "Times New Roman"; mso-ligatures: standardcontextual; mso-ansi-language: EN-IN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA'>Figures are inclusive of applicable taxes (if any)</SPAN></DIV></DIV>Max Financial Services LimitedNew Delhi House Services LimitedEntities with joint control or significant influence over entityPurchase of goods or services16000000NA7541000-1719000-1616800Max Financial Services LimitedNew Delhi House Services LimitedEntities with joint control or significant influence over entityAny other transactionOthers10000000NA5441000-612000-1934700Max Financial Services LimitedSKA Diagnostic Private LimitedEntities with joint control or significant influence over entityPurchase of goods or services7500000NA375000000Max Financial Services LimitedSKA Diagnostic Private LimitedEntities with joint control or significant influence over entityAny other transactionSecurity deposit paid0NA018750001875000Max Financial Services LimitedMax Asset Services LimitedEntities with joint control or significant influence over entityPurchase of goods or services2538000NA1186000-2900000Max Financial Services LimitedMax Asset Services LimitedEntities with joint control or significant influence over entityAny other transactionSecurity deposit paid0NA0503000503000Max Financial Services LimitedMax Estates LimitedEntities with joint control or significant influence over entityAny other transactionRecovery of expenses incurred3900000NA116100030630001028000<DIV > <DIV><SPAN style='FONT-SIZE: 11pt; FONT-FAMILY: "Calibri",sans-serif; mso-fareast-font-family: "Times New Roman"; mso-ligatures: standardcontextual; mso-ansi-language: EN-IN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA'>Reverse merger of Max Ventures and Industries Limited (MVIL) into Max Estates Limited (MEL) took place and MVIL ceases to be a related party post scheme of arrangement with MEL w.e.f. 31st July 2023</SPAN></DIV></DIV>Max Financial Services LimitedMax Financial Services Limited Employees’ Provident Fund TrustEntities with joint control or significant influence over entityAny other transactionPost employment benefits0NA82170000Max Financial Services LimitedMr. V KrishnanKey management personnel of entityRemuneration0NA1037610000Max Financial Services LimitedMr. Amrit Pal SinghKey management personnel of entityRemuneration0NA90000000Max Financial Services LimitedMr. Analjit SinghKey management personnel of entityAny other transactionSitting Fee0NA20000000Max Financial Services LimitedMr. K Narasimha MurthyKey management personnel of entityAny other transactionSitting Fee0NA50000000Max Financial Services LimitedMr. Aman MehtaKey management personnel of entityAny other transactionSitting Fee0NA80000000Max Financial Services LimitedMr. D.K. MittalKey management personnel of entityAny other transactionSitting Fee0NA70000000Max Financial Services LimitedMr. Sahil VachaniKey management personnel of entityAny other transactionSitting Fee0NA20000000Max Financial Services LimitedMr. Jai AryaKey management personnel of entityAny other transactionSitting Fee0NA60000000Max Financial Services LimitedMrs. Gauri PadmanabhanKey management personnel of entityAny other transactionSitting Fee0NA20000000Max Financial Services LimitedMr. Charles Richard Veroon StaggKey management personnel of entityAny other transactionSitting Fee0NA40000000Max Life Insurance Company LimitedMax Estates LimitedEntities with joint control or significant influence over entityAny other transactionLease rental received558500000NA2712840064350000<DIV > <DIV><SPAN style='FONT-SIZE: 11pt; FONT-FAMILY: "Calibri",sans-serif; mso-fareast-font-family: "Times New Roman"; mso-ligatures: standardcontextual; mso-ansi-language: EN-IN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA'>Reverse merger of Max Ventures and Industries Limited (MVIL) into Max Estates Limited (MEL) took place and MVIL ceases to be a related party post scheme of arrangement with MEL w.e.f. 31st July 2023</SPAN></DIV></DIV>Max Life Insurance Company LimitedMax Estates LimitedEntities with joint control or significant influence over entitySale of goods or services0NA1140400-2319000Max Life Insurance Company LimitedMax Estates LimitedEntities with joint control or significant influence over entityAny other transactionSecurity deposit received0NA0-24430000-24430000Max Life Insurance Company LimitedMax Ventures Private LimitedEntities with joint control or significant influence over entitySale of goods or services0NA21500-82500-484700Max Life Insurance Company LimitedMax India LimitedEntities with joint control or significant influence over entitySale of goods or services0NA2000-2603200-2605500Max Life Insurance Company LimitedNew Delhi House Services LimitedEntities with joint control or significant influence over entityAny other transactionOthers0NA12620000-1262000<DIV > <P class=MsoListParagraph style="MARGIN: 0cm; mso-list: l0 level1 lfo1"><SPAN style='mso-fareast-font-family: "Times New Roman"'><FONT face=Calibri>Audit Committee approval is not applicable as these are not related parties for Max Life Insurance Co. Ltd. under the applicable provisions of the Companies Act, 2013.</FONT><?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P></DIV>Max Life Insurance Company LimitedNew Delhi House Services LimitedEntities with joint control or significant influence over entitySale of goods or services0NA1000-90900-421000Max Life Insurance Company LimitedMax Financial Services Limited Employees’ Provident Fund TrustEntities with joint control or significant influence over entityAny other transactionPost employment benefits0NA32081180000<DIV > <P class=MsoListParagraph style="MARGIN: 0cm; mso-list: l0 level1 lfo1"><SPAN style='mso-fareast-font-family: "Times New Roman"'><FONT face=Calibri>Audit Committee approval is not applicable as these are not related parties for Max Life Insurance Co. Ltd. under the applicable provisions of the Companies Act, 2013.</FONT><?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P></DIV>Max Life Insurance Company LimitedMax India FoundationEntities with joint control or significant influence over entityAny other transactionDonation for CSR activity0NA400000002030400020304000<DIV > <P class=MsoListParagraph style="MARGIN: 0cm; mso-list: l0 level1 lfo1"><SPAN style='mso-fareast-font-family: "Times New Roman"'><FONT face=Calibri>Audit Committee approval is not applicable as these are not related parties for Max Life Insurance Co. Ltd. under the applicable provisions of the Companies Act, 2013.</FONT><?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P></DIV>Max Life Insurance Company LimitedAntara Senior Living LimitedEntities with joint control or significant influence over entitySale of goods or services0NA25300-129400-641700Max Life Insurance Company LimitedAntara Purukul Senior Living LimitedEntities with joint control or significant influence over entitySale of goods or services0NA9000-11400-251700Max Life Insurance Company LimitedMax Asset Services LimitedEntities with joint control or significant influence over entityPurchase of goods or services0NA0-4110000<DIV > <P class=MsoListParagraph style="MARGIN: 0cm; mso-list: l0 level1 lfo1"><SPAN style='mso-fareast-font-family: "Times New Roman"'><FONT face=Calibri>Audit Committee approval is not applicable as these are not related parties for Max Life Insurance Co. Ltd. under the applicable provisions of the Companies Act, 2013.</FONT><?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P></DIV>Max Life Insurance Company LimitedAntara Assisted Care Services LimitedEntities with joint control or significant influence over entitySale of goods or services0NA123600-43100-769200Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiarySale of goods or services0NA2574835400-219096600-269317800Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryAny other transactionIncome on Investments0NA17730070091908000270579500Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryPurchase of goods or services13000000000NA4354835800-1448022600-1118375300Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryPurchase of goods or services7500000000NA567292500-92760000-94672500Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryDividend received0NA445470000Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryInvestment0NA084874863009034870300Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryAny other transactionTerm Deposits0NA035363003647100Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryAny other transactionBank Balances0NA045515628003806458200Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryAny other transactionBank Charges110000000NA3263830000Max Life Insurance Company LimitedIndian School of Businessa private company in which a director or manager or his relative is a member or directorPurchase of goods or services0NA39000000Max Life Insurance Company LimitedMr. Prashant TripathiKey management personnel of subsidiaryRemuneration0NA87887600-1177000000<DIV > <DIV><SPAN style='FONT-SIZE: 11pt; FONT-FAMILY: "Calibri",sans-serif; mso-fareast-font-family: "Times New Roman"; mso-ligatures: standardcontextual; mso-ansi-language: EN-IN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA'>Opening&nbsp;balances were payable by Max Life Insurance Co. Ltd. on account of accruals for Phantom Stock Plan and the same were paid during the reporting period</SPAN></DIV></DIV>Max Life Insurance Company LimitedMr. V ViswanandKey management personnel of subsidiaryRemuneration0NA57522300-893000000<DIV > <DIV><SPAN style='FONT-SIZE: 11pt; FONT-FAMILY: "Calibri",sans-serif; mso-fareast-font-family: "Times New Roman"; mso-ligatures: standardcontextual; mso-ansi-language: EN-IN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA'> <DIV><SPAN style='FONT-SIZE: 11pt; FONT-FAMILY: "Calibri",sans-serif; mso-fareast-font-family: "Times New Roman"; mso-ligatures: standardcontextual; mso-ansi-language: EN-IN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA'>Opening&nbsp;balances were payable by Max Life Insurance Co. Ltd. on account of accruals for Phantom Stock Plan and the same were paid during the reporting period</SPAN></DIV></SPAN></DIV></DIV>Max Life Insurance Company LimitedMr. Amrit Pal SinghKey management personnel of subsidiaryRemuneration0NA2958350000Max Life Insurance Company LimitedMr. Anurag ChauhanKey management personnel of subsidiaryRemuneration0NA3071830000Max Life Insurance Company LimitedMr. K Narasimha MurthyKey management personnel of subsidiaryAny other transactionSitting Fee0NA110000000Max Life Insurance Company LimitedMr. Girish Sriskrishna ParanjpeKey management personnel of subsidiaryAny other transactionSitting Fee0NA80000000Max Life Insurance Company LimitedMr. Pradeep PantKey management personnel of subsidiaryAny other transactionSitting Fee0NA90000000Max Life Insurance Company LimitedMr. Rajesh KhannaKey management personnel of subsidiaryAny other transactionSitting Fee0NA120000000Max Life Insurance Company LimitedMr. K Narasimha MurthyKey management personnel of subsidiaryAny other transactionCommission0NA100000000Max Life Insurance Company LimitedMr. Girish Sriskrishna ParanjpeKey management personnel of subsidiaryAny other transactionCommission0NA100000000Max Life Insurance Company LimitedMr. Pradeep PantKey management personnel of subsidiaryAny other transactionCommission0NA100000000Max Life Insurance Company LimitedMr. Rajesh KhannaKey management personnel of subsidiaryAny other transactionCommission0NA100000000Max Life Insurance Company LimitedMr V ViswanandKey management personnel of subsidiarySale of goods or services0NA101630000Max Life Pension Fund Management LimitedMr. K Narasimha MurthyKey management personnel of subsidiaryAny other transactionSitting Fee0NA32000000Max Life Pension Fund Management LimitedMr. Ashok Brijmohan KackerKey management personnel of subsidiaryAny other transactionSitting Fee0NA28000000Max Life Pension Fund Management LimitedMs. Sonu BhasinKey management personnel of subsidiaryAny other transactionSitting Fee0NA24000000Max Life Pension Fund Management LimitedMr. Ranbeer DhariwalKey management personnel of subsidiaryRemuneration0NA570800000Max Life Pension Fund Management LimitedMr. Suresh BhagavatulaKey management personnel of subsidiaryRemuneration0NA120300000Max Life Pension Fund Management LimitedMr. Piyush SoniKey management personnel of subsidiaryRemuneration0NA17700000Max Life Pension Fund Management LimitedMr. Nikhil KalraKey management personnel of subsidiaryRemuneration0NA45400000Max Financial Services LimitedMr. Piyush SoniKey management personnel of entityRemuneration0NA1000000Max Life Insurance Company LimitedAxis Bank LimitedEntity with significant influence over subsidiaryInvestment0NA101720000000<DIV > <DIV> <P class=MsoNormal style="MARGIN: 0cm"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: CIDFont+F2"><FONT face=Calibri>All these investments are made through secondary mode, there are no primary investments done in the related party entity securities</FONT></SPAN><SPAN style="FONT-SIZE: 10pt"><?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P></DIV></DIV>Max Life Insurance Company LimitedMr. Prashant TripathiKey management personnel of subsidiarySale of goods or services0NA8310000