Max Financial Services Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Venkatraman Krishnan

Chief executive officer

₹13.9m

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	2.8yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Venkatraman Krishnan's remuneration changed compared to Max Financial Services's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹4b
Sep 30 2023	n/a	n/a	₹5b
Jun 30 2023	n/a	n/a	₹4b
Mar 31 2023	₹14m	n/a	₹4b
Dec 31 2022	n/a	n/a	₹5b
Sep 30 2022	n/a	n/a	₹3b
Jun 30 2022	n/a	n/a	₹3b
Mar 31 2022	₹23m	n/a	₹3b
Dec 31 2021	n/a	n/a	₹2b
Sep 30 2021	n/a	n/a	₹3b
Jun 30 2021	n/a	n/a	₹3b
Mar 31 2021	₹13m	n/a	₹4b
Dec 31 2020	n/a	n/a	₹3b
Sep 30 2020	n/a	n/a	₹3b
Jun 30 2020	n/a	n/a	₹2b
Mar 31 2020	₹13m	₹10m	₹1b

Compensation vs Market: Venkatraman's total compensation ($USD166.40K) is below average for companies of similar size in the Indian market ($USD566.16K).

Compensation vs Earnings: Venkatraman's compensation has been consistent with company performance over the past year.

CEO

Venkatraman Krishnan (59 yo)

less than a year

Tenure

₹13,900,000

Compensation

Mr. Venkatraman Krishnan is Manager of Max Financial Services Limited since July 01, 2023. He has been the Managing Director of Max Ateev Limited, a subsidiary of Max India Ltd., since February 14, 2008....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Analjit Singh	Founder & Non-Executive Chairman	5.8yrs	₹10.60m	0.093% ₹ 316.5m
Venkatraman Krishnan	Manager	less than a year	₹13.90m	no data
Amrit Singh	Chief Financial Officer	2yrs	₹1.65m	no data
Ramachandra Pai	Manager of Administration	28.7yrs	no data	no data
Piyush Soni	Company Secretary & Compliance Officer	less than a year	no data	no data
Jasrita Dhir	Deputy Director of Brands & Communications	2.8yrs	no data	no data
Simardeep Kaur	General Manager of Human Capital	3.6yrs	no data	no data
Mohini Singh	Chief Executive of Max India Foundation	no data	no data	no data
Tara Vachani	Chief Executive Officer of Antara Senior Living	no data	no data	0.029% ₹ 98.8m
Vandana Trehan	Executive Assistant to Executive President	12.8yrs	no data	no data
Jyoti Sethi	Secretary & Executive Assistant	no data	no data	no data

2.8yrs

Average Tenure

48yo

Average Age

Experienced Management: 500271's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Analjit Singh	Founder & Non-Executive Chairman	5.8yrs	₹10.60m	0.093% ₹ 316.5m
Kummamuri Murthy	Independent Non-Executive Director	3.2yrs	₹2.90m	0.0015% ₹ 5.0m
Aman M. Mehta	Independent Director	9.7yrs	₹3.60m	0.0084% ₹ 28.6m
Jai Arya	Independent Director	5.5yrs	₹3.10m	no data
Dinesh Mittal	Independent Director	9.3yrs	₹3.50m	0.000090% ₹ 305.5k
Hideaki Nomura	Non-Executive Director	3.4yrs	no data	no data
Sahil Vachani	Non-Executive Director	6yrs	₹700.00k	no data
Gauri Padmanabhan	Independent Director	1.8yrs	₹200.00k	no data
Charles Vernon Stagg	Independent Director	5.3yrs	₹2.40m	no data
Mitsuru Yasuda	Non-Executive Director	3.4yrs	no data	no data

5.4yrs

Average Tenure

68yo

Average Age

Experienced Board: 500271's board of directors are considered experienced (5.4 years average tenure).

Max Financial Services Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

Max Financial Services Limited, Annual General Meeting, Aug 22, 2023

Max Financial Services Limited Announces Executive Changes

Max Financial Services Limited Announces Board Changes

Mohit Talwar Retires as the Managing Director of Max Financial Services Limited on the Close of Business Hours on January 14, 2023

Max Financial Services Limited Appoints Mrs. Gauri Padmanabhan as an Independent Director

Recent updates

Insufficient new directors

Third quarter 2024 earnings released: EPS: ₹4.30 (vs ₹6.52 in 3Q 2023)

Max Financial Services Limited to Report Q3, 2024 Results on Feb 06, 2024

Second quarter 2024 earnings released: EPS: ₹4.29 (vs ₹1.49 in 2Q 2023)

Max Financial Services Limited to Report Q2, 2024 Results on Oct 31, 2023

Price target increased by 7.1% to ₹1,000

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Max Financial Services Limited, Annual General Meeting, Aug 22, 2023

Max Financial Services Limited Announces Executive Changes

Full year 2023 earnings: EPS and revenues miss analyst expectations

Max Financial Services Limited Announces Board Changes

Price target decreased by 7.3% to ₹929

Third quarter 2023 earnings released: EPS: ₹6.52 (vs ₹2.55 in 3Q 2022)

Bain, CVC Cap Reportedly Eye Promoter Stake in Max Fin

Mohit Talwar Retires as the Managing Director of Max Financial Services Limited on the Close of Business Hours on January 14, 2023

Max Financial Services Limited (NSEI:MFSL) agreed to acquire an additional 5.17% stake in Max Life Insurance Company Limited from Mitsui Sumitomo Insurance Co., Ltd. for INR 8.4 billion.

Price target decreased to ₹960

Price target decreased to ₹960

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Max Financial Services Limited to Report Q2, 2023 Results on Oct 19, 2022

Max Financial Services Limited Appoints Mrs. Gauri Padmanabhan as an Independent Director

Max Financial Services Limited Appoints Mrs. Gauri Padmanabhan as an Independent Director

First quarter 2023 earnings released

Max Financial Services Limited, Annual General Meeting, Aug 25, 2022

Max Financial Services Limited to Report Q1, 2023 Results on Aug 01, 2022

Price target decreased to ₹1,077

Max Financial Services Limited Announces Resignation of Naina Lal Kidwai, an Independent Director, Effect May 31, 2022

Full year 2022 earnings: EPS misses analyst expectations

Max Financial Services Limited Announces Executive Changes

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new directors

Second quarter 2022 earnings released: EPS ₹1.15 (vs ₹2.10 in 2Q 2021)

CFO & Investor Relations Officer Jatin Khanna has left the company

High number of new directors

High number of new directors

High number of new directors

High number of new directors

High number of new directors

High number of new directors

High number of new directors

High number of new directors

First quarter 2022 earnings released: EPS ₹0.61 (vs ₹4.85 in 1Q 2021)

Price target increased to ₹1,110

Full year 2021 earnings released: EPS ₹14.51 (vs ₹5.38 in FY 2020)

Price target raised to ₹943

New 90-day high: ₹889

Third quarter 2021 earnings released: EPS ₹6.20 (vs ₹3.91 in 3Q 2020)

Earnings beat expectations, revenue disappoints

Price target raised to ₹834

New 90-day high: ₹729

Max Financial Services Limited to Report Q3, 2021 Results on Feb 09, 2021

New 90-day high: ₹701

MD & Director recently sold ₹129m worth of stock

New 90-day high: ₹659

Max Financial Services Limited, Annual General Meeting, Dec 30, 2020

New 90-day high: ₹633

Max Financial Services Limited Announces Executive Changes

New 90-day high: ₹622

New 90-day high - ₹621

Max Financial Services Limited (BSE:500271) completed the acquisition of remaining 30.99% stake in Max Life Insurance Company Limited from AXIS Bank Limited (BSE:532215), Mitsui Sumitomo Insurance Co., Ltd. and others.

Max Financial Services Limited to Report Q1, 2021 Results on Jul 30, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members