Max Financial Services Management
Management criteria checks 3/4
Max Financial Services' CEO is Venkatraman Krishnan, appointed in Jul 2023, has a tenure of 1.92 years. total yearly compensation is ₹18.19M, comprised of 78.5% salary and 21.5% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth ₹8.14M. The average tenure of the management team and the board of directors is 3.9 years and 5.4 years respectively.
Key information
Venkatraman Krishnan
Chief executive officer
₹18.2m
Total compensation
| CEO salary percentage | 78.46% |
| CEO tenure | 1.9yrs |
| CEO ownership | 0.001% |
| Management average tenure | 3.9yrs |
| Board average tenure | 5.4yrs |
Recent management updates
Recent updates
Max Financial Services Limited Just Missed Earnings - But Analysts Have Updated Their Models
May 16
With Max Financial Services Limited (NSE:MFSL) It Looks Like You'll Get What You Pay For
Apr 03
Axis Bank Rebranding And Product Innovations Will Drive Revenue Growth And Improve Profit Margins
Strategic partnership with Axis Bank and new product launches are boosting brand recognition and potential revenue growth.Max Financial Services Limited (NSE:MFSL) Screens Well But There Might Be A Catch
Jul 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | ₹3b |
| Dec 31 2024 | n/a | n/a | ₹3b |
| Sep 30 2024 | n/a | n/a | ₹3b |
| Jun 30 2024 | n/a | n/a | ₹4b |
| Mar 31 2024 | ₹18m | ₹14m | ₹3b |
| 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 ($USD209.56K) is below average for companies of similar size in the Indian market ($USD755.04K).
Compensation vs Earnings: Venkatraman's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Venkatraman Krishnan (61 yo)
Mr. Venkatraman Krishnan is Manager of Axis Max Life Insurance Limited (formerly known as Max Financial Services Limited) since July 01, 2023. He has been the Managing Director of Max Ateev Limited, a sub...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Non-Executive Chairman | 6.9yrs | ₹600.00k | 0.093% ₹ 512.5m | |
| Manager | 1.9yrs | ₹18.19m | 0.0015% ₹ 8.1m | |
| Chief Financial Officer | 3.1yrs | ₹1.80m | no data | |
| Company Secretary & Compliance Officer | 1.9yrs | ₹2.40m | 0.000020% ₹ 110.0k | |
| Manager of Administration | 29.8yrs | no data | no data | |
| Deputy Director of Brands & Communications | 3.9yrs | no data | no data | |
| General Manager of Human Capital | 4.7yrs | no data | no data | |
| Chief Executive of Max India Foundation | no data | no data | no data | |
| Chief Executive Officer of Antara Senior Living | no data | no data | 0.029% ₹ 160.0m | |
| Executive Assistant to Executive President | 13.8yrs | no data | no data | |
| Secretary & Executive Assistant | no data | no data | no data |
Experienced Management: MFSL's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Non-Executive Chairman | 6.9yrs | ₹600.00k | 0.093% ₹ 512.5m | |
| Independent Non-Executive Director | 4.3yrs | ₹1.00m | 0.0015% ₹ 8.0m | |
| Independent Director | 6.6yrs | ₹1.10m | no data | |
| Independent Director | less than a year | no data | no data | |
| Non-Executive Director | 4.5yrs | no data | no data | |
| Non-Executive Director | 7.1yrs | ₹600.00k | no data | |
| Independent Director | 6.3yrs | ₹800.00k | no data | |
| Non-Executive Director | 4.5yrs | no data | no data |
Experienced Board: MFSL's board of directors are considered experienced (5.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/23 17:53 |
| End of Day Share Price | 2025/06/23 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Max Financial Services Limited is covered by 42 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Supratim Datta | Ambit Capital |
| null null | Antique Stockbroking Ltd. |
| null null | Asian Markets Securities Private Limited |