Below are the financial statements of Max Financial Services, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of INR | 2025 | 2024 |
|---|---|---|
| Financial assets | — | — |
| Cash and cash equivalents | 107.06a | 85.73a |
| Bank balance other than (a) above | 5.29a | 4.78a |
| Investments | 913.53a | 582.89a |
| Other financial assets | 18.13a | 17.09a |
| Financial assets of life insurance policyholders' fund | 17,711.56a | 15,347.8a |
| Assets classified as held for sale and discontinued operations | 5.39a | 5.65a |
| Sub total - financial assets | 18,760.96a | 16,043.95a |
| Non-financial assets | — | — |
| Current tax assets (net) | 0a | 1.73a |
| Deferred tax assets (net) | 0a | 0.2a |
| Investment property | 8.23a | 8.38a |
| Property, plant and equipment | 0.16a | 0.11a |
| Goodwill | 52.53a | 52.53a |
| Right of use assets | 0.08a | 0.18a |
| Other non-financial assets | 25.45a | 32.96a |
| Non-financial assets of life insurance policyholders' fund | 152.47a | 137.31a |
| Sub total - non-financial assets | 238.91a | 233.4a |
| Total assets | 18,999.87a | 16,277.35a |
| Trade payables | — | — |
| Total outstanding dues of micro enterprises and small enterprises | 0.05a | 0.01a |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 181.59a | 145.88a |
| Financial liabilities | — | — |
| Non-convertible subordinated debentures (including interest accrued) | 102.55a | 52.07a |
| Lease liabilities | 0.09a | 0.19a |
| Other financial liabilities | 91.22a | 78.16a |
| Financial liabilities of life insurance policyholders' fund | 17,864.12a | 15,475.14a |
| Liabilities associated with group of assets classified as held for sale and discontinued operations | 0.3a | 0.23a |
| Sub total - financial liabilities | 18,239.92a | 15,751.68a |
| Non-financial liabilities | — | — |
| Provisions | 7.07a | 5.87a |
| Current tax liabilities (net) | 0.28a | 0a |
| Deferred tax liabilities (net) | 1.12a | 0.59a |
| Other non-financial liabilities | 110.73a | 81.55a |
| Non-financial liabilities of life insurance policyholders' fund | 0.42a | 0.7a |
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