DOCSLIB.ORG

Max India Backgrounder

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Max India Group – An Introduction The Max India Group is a multi-business corporate, driven by the spirit of enterprise and focused on people and service oriented businesses. The Company is headquartered in New Delhi, India. The Company’s vision is to be one of India’s most admired corporates for service excellence – in what we do, how we do it and the positive impact we have on society and our stakeholders. (www.maxindia.com) Max India is in the ‘Business of Life’. It ‘Protects Life’ through its Life Insurance subsidiary Max Life, a joint venture between Max India and Mitsui Sumitomo Insurance, Japan; ‘Cares for Life’ through its Healthcare company, Max Healthcare, a joint venture between Max India and Life Healthcare, South Africa; ‘Enhances Life’ through its Health Insurance company, Max Bupa Health Insurance, a joint venture between Max India and Bupa Finance Plc., UK and ’Rejuvenates Life’ through its Senior Living business Antara Senior Living, a fully owned subsidiary of Max India and. The Group also continues its interest in manufacture of Speciality Products for the packaging industry through its subsidiary Max Speciality Films. The Group’s businesses have built commanding presence in their respective sector, through a total customer base of over 8 million, over 300 offices spread across India and a people strength of over 75,000 persons. These businesses are in high growth yet under penetrated sectors, which will continue to benefit from India’s demographic dividend and increasing purchasing power. Max India’s financial performance reflects this potential. The Group earned consolidated revenue of Rs 117 billion in FY2014 and has a strong treasury corpus of around Rs 6.0 billion. The flagship company of Max Group, Max India Limited is a widely held public limited company, listed on the BSE & the NSE. Analjit Singh, Founder & Chairman, is the lead shareholder in Max India with over 40% holding. Other key shareholders in the company include some of world’s leading Institutional Investors, such as Goldman Sachs, International Finance Corporation, Washington (IFC), and Temasek Holdings. Max India remains committed to excellence in Corporate Governance and recognizes that in today’s world, it is an important driver for building all round excellence, attracting high-quality talent and intelligent capital. The Group and its companies are Shareholder steered, Board governed and Executive managed. The Board thoroughly evaluates business performance on nine strategic levers - enhancing business performance, investing in people and organisational development, creating efficiency in capital management, adopting an integrated enterprise-wide approach, investing sensibly in new growth opportunities, maintaining the highest standards of governance, continuously improving service quality, developing a distinct corporate brand and effectively managing risk. Over its 25 years of existence, Max India has had a history of forging and nurturing strong and successful joint venture with leading global companies such as New York Life, Hutchison Telecommunications, Motorola, Schering AG, Avent Inc., Gist Brocades (GB), The Upjohn Company, Comsat International Ventures, Atotech BV. Today, the Company shares excellent relationships with its Joint Venture partners in the Life Insurance, Healthcare and Health Insurance space, namely Mitsui Sumitomo Insurance, Life Healthcare and Bupa Plc. Through the years, Max India has successfully established partnerships that stood the test of time, and grew consistently and developed and matured into strong relationships. Page 1 of 4 Max India Subsidiaries & Businesses Max Life Insurance Company Ltd. (Formerly Max New York Life) (www.maxlifeinsurance.com) is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Mitsui Sumitomo Insurance, is a part of MS&AD Insurance Group, which is amongst the leading general insurers in the world. Established with a vision to be the most admired life insurance Company in India, Max New York Life Insurance was incorporated in the year 2000 in partnership with New York Life, a Fortune 100 company. As a part of global strategic alignment across the globe, New York Life decided to step out of the MNYL, and Max India has partnered with Mitsui Sumitomo Insurance Company Ltd (MSI). Today, known as Max Life Insurance, the Rs 96 billion(USD 1.6 billion) Company is one of India’s leading life insurers, offers comprehensive life insurance and retirement solutions for long-term savings and protection to thirty six lakh customers. It has a country-wide diversified distribution model including the country's leading agent advisors, exclusive arrangement with Axis Bank and several other partners. Max Life Insurance is a quality business focused on delivering excellence to customers through advice based sale process, customer centric approach to business, financial stability & investment expertise and strong human capital. Max Life is in the business of protecting lives & ensuring dignity of families. It is this larger cause that has driven this company to secure over 3.6 million lives with a sum assured in excess of Rs 2,000 billion. With the customer at its core, a solvency margin of 481% (significantly higher than stipulated level 3.4 times), Assets Under Management (AUM) of over Rs. 247 billion, the company’s quality business model has come to be recognized and admired by its industry peers, regulator & policyholders. The Business Excellence Journey of this company has been commended by CII-EXIM Bank Quality Award, three years in a row. Max Life’s multi-channel distribution has built strengths in need based selling processes for long term saving & protection solutions. Max Life is today recognized as a Superbrand. It has been ranked amongst the best places to work for, by BT-Mercer, Gallup, Business World and the Great Place to Work Institute and its investment performance has been rated in top quartile by Outlook Money. As the company enters its second decade of existence, a stable management team is guiding it to even higher customer-centricity, people-orientation and quality focus. Max Healthcare Institute Ltd. (MHC) (www.maxhealthcare.in) is a joint venture with Life Healthcare, South Africa, and is the Country’s leading comprehensive provider of standardized, seamless and international-class healthcare services. It is committed to the highest standards of medical and service excellence, patient care, scientific and medical education. Max Healthcare operates 12 facilities in North India, offering services in over 30 medical disciplines. Of this 9 facilities are located in Delhi & NCR and the others in Mohali, Bathinda and Dehradun. The Max network includes state-of-the-art tertiary care hospitals in Saket, Patparganj, Shalimar Bagh, Mohali, Bathinda and Dehradun, secondary care hospitals at Gurgaon, Pitampura Noida and Greater Noida and an out-patient facility and a speciality centre at Panchsheel Park. The Super Speciality Hospitals in Mohali and Bathinda are under PPP arrangement with the Government of Punjab. Max Healthcare has a base of around 2100 leading doctors, 9300 employees and around 1.9 million patients from 80 countries, across its network of 12 hospitals. Page 2 of 4 Max Bupa Health Insurance Company Ltd. (www.maxbupa.com) is a, 74:26, joint venture between Max India Limited, a multi-business corporate with expertise in life insurance and health care and Bupa, a leading international healthcare provider with 65 years of healthcare knowledge. Max Bupa brings together a combination of Bupa’s health insurance and customer service expertise with Max India’s understanding and experience of the Indian health and insurance sectors. Max Bupa offers quality health insurance services through a dedicated team of over 1400 people and its network of 25 offices across 16 cities - Delhi, Mumbai, Hyderabad, Chennai, Bangalore, Pune, Ludhiana, Chandigarh, Jaipur, Surat, Kochi, Kolkata, Patna, Goa, Jodhpur and Ludhiana. Max Bupa offers individual and family oriented health insurance policies for Indians across all age groups. Max Bupa has a direct working relationship with a network of over 3500 top quality hospitals and healthcare providers, with plans to extend its network of hospitals to other parts of the country. Max Bupa services customers directly without third party involvement. Antara Senior Living Ltd. (www.antaraseniorliving.com): Max India Group has entered the Senior Living Business to support its next phase of growth in the businesses of life. Due to the fast changing social milieu, the concept of Senior Living presents a rapidly growing yet inadequately serviced business opportunity in India. Antara Senior Living is a luxurious, fully integrated community for progressive individuals. With a fulfilling lifestyle and myriad opportunities to explore, engage and enjoy. Antara is an impeccably designed, rigorously serviced community where life is savoured in the lap of nature and in the midst of evolved, like- minded people. Keeping in line with the Max Group values of “Sevabhav, Excellence and Credibility”, Antara truly aims to create a difference to the lives of seniors in India. With its initial focus for building these communities in North India, Antara has partnered with best in the class international architects and industry experts, to design and develop its first community in Purukul, Dehradun. Spread across 14 acres, this community will comprise of 219 resident apartments. This community will be ready for residents to move into by 2016. Max Speciality Films Ltd. (MSF) (www.maxspecialityfilms.com) specializes in manufacturing specialty barrier and packaging (BOPP) films in India and abroad and has a turnover of over Rs 740 crore. It caters to a wide range of flexible packaging requirements of FMCG companies, industrial packaging, print lamination, thermal lamination segments and has a global outreach to over 40 Countries across Europe, South America & Asia. The Company has BRC accredited state of art technology with an installed capacity of 60,000 tons per annum. MSFL is the first BOPP manufacturing unit to sign the MSG CII – Code for Ecologically Sustainable Business Growth, run by the premier Indian industry association, CII.
Recommended publications
  • Markel International: Entry Into India

    Markel International: Entry Into India

    University of Richmond UR Scholarship Repository Robins School of Business White Paper Series, 1980-2011 Robins School of Business 2010 Markel International: Entry into India Roger R. Schnorbus University of Richmond, [email protected] Littleton M. Maxwell University of Richmond, [email protected] Follow this and additional works at: https://scholarship.richmond.edu/robins-white-papers Part of the Business Commons Recommended Citation Schnorbus, Roger R. and Littleton M. Maxwell. 2010. "Markel International: Entry into India." E.C.R.S.B. Robins School of Business White Paper Series. University of Richmond, Richmond, Virginia. This White Paper is brought to you for free and open access by the Robins School of Business at UR Scholarship Repository. It has been accepted for inclusion in Robins School of Business White Paper Series, 1980-2011 by an authorized administrator of UR Scholarship Repository. For more information, please contact [email protected]. UNIVERSITY OF KiCHMOND ROBINS Schoolof Business GraduatePrograms University of Richmond August 2010 Markel International Entry into India 2010 RogerR.Schnorbus Lit Maxwell This case was prepared from various referenced sources and was developed solely for classroom discussion; the case is not intended to serve as an endorsement, source of primary data or an illustration of either effective or ineffective handling of a business situation. The authors gratefully acknowledge information and insights provided by Bruce Kay, Vice President of Investor Relations, Markel Corporation. Roger R. Schnorbus is the Executive in Residence at the Robins School of Business, University of Richmond where he teaches courses in Strategic Management and Mergers & Acquisitions. Littleton M. Maxwell is Business Librarian of the University of Richmond.
  • Prospectus Dated 23 June 2020

    Prospectus Dated 23 June 2020

    Prospectus dated 23 June 2020 Bupa Finance plc (Incorporated with limited liability in England and Wales with Registered no. 02779134, legal entity identifier ZIMCVQHUFZ8GVHENP290) £350,000,000 4.125 per cent. Fixed Rate Subordinated Notes due 2035 Issue price: 99.383 per cent. The £350,000,000 4.125 per cent. Fixed Rate Subordinated Notes due 2035 (the “Notes”) will be issued by Bupa Finance plc (the “Issuer”) and will be constituted by a trust deed (as amended or supplemented from time to time, the “Trust Deed”) to be dated on or about 25 June 2020 (the “Issue Date”) between the Issuer, and the Trustee (as defined in “Terms and Conditions of the Notes” (the “Conditions”, and references herein to a numbered “Condition” shall be construed accordingly)). Application has been made to the United Kingdom Financial Conduct Authority (the “FCA”) under Part VI of the Financial Services and Markets Act 2000, as amended (the “FSMA”) for the Notes to be admitted to the official list of the FCA (the “Official List”) and to the London Stock Exchange plc (the “London Stock Exchange”) for the Notes to be admitted to trading on the London Stock Exchange’s Regulated Market (the “Market”). References in this Prospectus to the Notes being “listed” (and all related references) shall mean that the Notes have been admitted to the Official List and have been admitted to trading on the Market. The Market is a regulated market for the purposes of Directive 2014/65/EU, as amended (“MIFID II”). This Prospectus has been approved by the FCA, which is the United Kingdom (“UK”) competent authority, under Regulation (EU) 2017/1129 (the “Prospectus Regulation”).
  • To Download CAD Annual Booklet 2012-13

    To Download CAD Annual Booklet 2012-13

    CONSUMER AFFAIRS ANNUAL BOOKLET - 2012-13 CONTENTS Topic Page No. Foreword 1. Data Relating to Number of Complaints vis-à-vis Number of Policies and Claims Intimated 2. Policyholder Protection and Welfare – An update 3. A year after the launch of Consumer Education Website – A review 4. Usage of Social Media from Insurance Education Perspective 5. Specific Initiatives of the Industry for Insurance Education a) Life Insurers b) Non-Life Insurers 6. Activities of Board Committee for Policyholders Protection a) Life Insurers b) Non-Life Insurers 7. Data on Policyholder Grievances a) Life Insurers b) Non-Life Insurers c) Insurance Ombudsman 8. New Regulations for Standard Proposal Form for Life Insurers 9. Regulatory Framework for Grievance Redressal in the Insurance Sector Annexures : a) IRDA (PPHI) Regulations 2002 b) RPG Rules 1998 – Insurance Ombudsman c) IRDA Guidelines for Grievance Redressal by Insurance Companies d) Corporate Governance Guidelines - Mandatory Policyholder Protection Committee CONSUMER AFFAIRS ANNUAL BOOKLET - 2012-13 CONSUMER AFFAIRS ANNUAL BOOKLET - 2012-13 FOREWORD Protection of interests of policyholders along with sectors, insurers were development of insurance sector in an orderly prodded for opening of manner is the prime mission of IRDA. Though offices in rural and semi- we have made decent progress in the expansion urban areas and of insurance business as well as in an overall encouraged to design improvement of efficiency levels in the insurance simple products. The services, the penetration of insurance is still low. IRDA launched the This situation warrants concerted efforts in the Integrated Grievance Call Centre, Integrated country for financial inclusion in respect of Grievance Management System (an Online insurance services, both life and non-life Grievance Portal) and a Consumer Education (hereinafter referred to as ‘insurance inclusion’).
  • Hdfc Ergo Motor Insurance Online Renewal

    Hdfc Ergo Motor Insurance Online Renewal

    Hdfc Ergo Motor Insurance Online Renewal If short-term or execrable Irving usually synonymized his liquidness piecing inaudibly or dallying indigently and too, how accrescent is Hassan? Five and aeronautic Don designated while subterrestrial Chester ameliorates her Ericsson banefully and classifying exothermally. Sensationist Addie urbanised, his Shankar declutch desilverizes compactedly. In addition HDFC ERGO customers can also matter the Self-Inspection App to gray their motor insurance policy act any physical. Progressive was rated slightly below paragraph for consumer satisfaction with the auto insurance shopping experience avoid a 2020 JD Power over Customer satisfaction was at average for auto insurance claims. 5 Best Car Insurance Policies in India Groww. Which is moreover No 1 insurance company in India? Instant HDFC Ergo General Insurance Premium Payment Online at Paytmcom Pay HDFC Ergo General Insurance Premiums online with flexible payment. Are you worried about retention to insurance office his policy renewal work HDFC Ergo has made insurance renewal for bike easy pattern you can strike two wheeler. Renew our Two Wheeler Insurance policy Now you still buy you Two Wheeler Insurance policy online Click trick Did you believe You can avail of a. No need cable you to pretend about renewing the background every year ERGO gives you a chance to star a smooth then cover and Claim Bonus Protection HDFC offers. HDFC ERGO offers motor insurance policies to protect you two wheeler. Their needs and ergo health app was worried about going forward to that car really easy online for health, small amount is a third person should immediately. What is a nominal policy is a surveyor or losses which the hdfc ergo motor insurance online renewal process can be used to pad its.
  • Annual Report and Accounts 2010

    Annual Report and Accounts 2010

    bupa Registered office the British united Provident Bupa House Association Limited is a company 15-19 Bloomsbury Way limited by guarantee. London WC1A 2BA registered in england No. 432511. a For further copies of this document nnual report 2010 ‘Bupa’ and the Heartbeat logo are +44 (0)20 7656 2300 registered service marks. Press office +44 (0)20 7656 2454 bupa annual report 2010 W i t H yo u t H r o u g H L i f e rA / 2010 www.bupa.com 2 0 1 0 H i g hl i g H t s Group revenues 5 year record Group underlying 5 year record (up 9%) surplus before tax 06 £3,827.2m 06 £359.1m £7.58bn 07 £4,250.1m £464.9m 07 £374.2m 2009: £6.94bn 08 £5,923.9m 2009: £428.2m 08 £413.4m 09 £6,941.4m 09 £428.2m 10 £7,576.0m 10 £464.9m Group revenues by segment Surplus by segment* Care services £1,182.9m Care services £139.7m europe and North America £2,999.5m europe and North America £116.7m international Markets £3,394.0m international Markets £208.9m throughout the annual report and accounts: equity 5 year record underlying surplus before taxation expense excludes non-recurring items (mainly adjustments relating to amortisation of other intangible assets attributable arising on business combinations, impairment of goodwill and other to bupa 06 £1,917.1m intangible assets, profit / (loss) on sale of businesses and assets, the impact 07 £3,347.4m of property revaluations, realised and unrealised foreign exchange gains and losses and the absolute return on return seeking assets).
  • Merger of Radiant with Max Healthcare

    Merger of Radiant with Max Healthcare

    Max India Limited Investor Presentation December 2018 Merger of Radiant and Max Healthcare www.maxindia.com Disclaimer The information in this release has been included in good faith and is meant for general purposes only. Such information is based on the management’s perception of business, market conditions and overall growth potential by the relevant parties. This information is disseminated generally and not addressed to any person or party or for any purpose specific or otherwise. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this release shall constitute an invitation to invest in any of the entities referenced in this announcement or their affiliates. None of the parties referenced in this announcement (including their affiliates) nor their officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this release, including, without limitation, any loss of opportunity, profit, indirect, incidental or consequential loss or any actions undertaken in contemplation of the proposed Transaction. Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements. The
  • 3Rd Webinar on General Insurance 23Rd December 2020

    3Rd Webinar on General Insurance 23Rd December 2020

    3rd Webinar on General Insurance 23rd December 2020 Consolidation in Non-Life Insurance Industry Nidhesh Jain Research Analyst, Investec Presentation Outline • Evolution of Non-Life Sector in India • Consolidation Curve (Four phases of consolidation) • Consolidation Curve: Case Study: Indian Telecom Sector • How consolidation happened in other counties in Non-Life Sector? Lessons from UK, US and China. • Factors driving acquisitions • Key M&As globally in Insurance • M&A deals in Non-Life Sector in India • Where do we stand on consolidation drive in India? • Case Study: ICICI Lombard – Bharti-Axa Deal www.actuariesindia.org Evolution of Non-Life Sector in India . Insurance Regulatory and Development Authority Act (IRDA Act) of 1999 came into . Till now all the segments of general 2020 effect on 19th April 2000 which ended the insurance were tariffed and the premiums monopoly of GIC and its subsidiaries and were decided by IRDAI. As on 2007, De- liberalized the insurance business in India. tariffication of all non-life insurance . The sector was once again opened . IRDA was incorporated as the statutory products except the auto third-party up by Increasing FDI Limits to 49% body to regulate and register private sector liability segment was done. from 26%. insurance companies. Motor Third party pool was created . General Insurance Corporation (GIC), wherein all the claims would be collected along with its four subsidiaries, i.e., in this pool and would be divided National Insurance Company Ltd., Oriental amongst all the companies in their Insurance Company Ltd., New India respective market share. This lead to Assurance Company Ltd. and United India adverse losses in the motor TP segment.
  • Annual Report 2018 CONTENTS

    Annual Report 2018 CONTENTS

    ANNUAL REPORT 2017-18 Annual Report 2018 CONTENTS 05 57 CORPORATE REVIEW CORPORATE GOVERNANCE OUR ENTERPRISE REPORT MEASURES OF SUCCESS OUR PATH OUR VALUES BOARD OF DIRECTORS 19 71 STRATEGIC REVIEW GENERAL SHAREHOLDER CHAIRMAN’S LETTER INFORMATION BUSINESS REVIEW 27 77 MANAGEMENT DISCUSSION FINANCIAL REVIEW AND ANALYSIS MAX FINANCIAL SERVICES MAX FINANCIAL MAX LIFE SERVICES LIMITED Standalone BUSINESS RESPONSIBILITY REVIEW MAX FINANCIAL SERVICES LIMITED ConsolidateD ANNUAL REPORT 2017-18 CORPORATE REVIEW OUR ENTERPRISE MEASURES OF SUCCESS OUR PATH OUR VALUES BOARD OF DIRECTORS 05 Corporate Review OUR ENTERPRISE Max Financial Services (MFS) is the Max India Limited, a multi-business parent company of Max Life Insurance, corporate, owns and actively manages India’s largest non-bank, private life a 49.7% stake in Max Healthcare, a 51% insurance company. MFS actively stake in Max Bupa Health Insurance and a manages a majority stake in Max Life, 100% stake in Antara Senior Living. making it India’s first listed company focused exclusively on life insurance. Launched in 2000, Max Healthcare is an equal JV partnership between Max India and Life Healthcare, South Africa. It is a leading provider of standardised, seamless and world-class healthcare services, focused on tertiary and quaternary care. Max Healthcare has Launched in 2000, Max Life is a joint venture with revenues of ` 2,787 Cr. from over 2,500 beds across Mitsui Sumitomo Insurance, Japan. It is India’s 14 hospitals. largest non-bank private life insurer, with revenues of ` 14,967 Cr. and a customer base of 4.1 million across more than 200 offices across India.
  • Max Life Insurance Financial Statement

    Max Life Insurance Financial Statement

    Statutory Report DIRECTORS’ REPORT Your Directors are pleased to present the Eighteenth Annual Report of your Company with the audited accounts for the Financial Year ended March 31, 2018. BUSINESS HIGHLIGHTS Highlights for the Financial Year (FY) ended March 31, 2018 are as under: (Rs. crore) Particulars Financial Year Financial Year Growth 2018 (Apr. 17 – Mar. 18) 2017 (Apr. 16 – Mar. 17) % Financial Performance New Business Premium (First Year Premium 4,349 3,666 19 and Single Premium) Adjusted Individual First Year Premium* 3,215 2,638 22 Renewal Premium 8,152 7,114 15 Commission Expenses 893 936 -5 Operating Expenses (Policyholders’) 1,612 1,591 1 Shareholders Profit / (Loss) After Tax 528 660 -20 Interim Dividend paid (Net of Dividend 163 140 16 Distribution Tax) Key Business Parameters Solvency Ratio 275% 309% -3400 bps Share Capital including Reserves and Surplus 2,689 2,506 7 Assets Under Management 52,237 44,370 18 No. of Policies In-Force (‘000s) 4,085 3,913 4 Sum Assured In-Force 5,11,541 3,77,572 35 No. of Employees 10,226 9,446 8 No. of Agents 54,791 54,283 1 No. of Offices 210 210 0 *Adjusted First Year Premium=Individual Regular First Year Premium plus 10% of Single Premium Indian Life Insurance industry witnessed high growth Amongst the private players, Max Life Insurance Co. in new business for a second year in a row. This growth Ltd. (“Max Life Insurance” or “your Company” or “Max strengthens the belief that consumer confidence Life”) maintained its 4th rank with a market share of 9.0% in financial savings is sustainable and life insurance amongst the private players and 5.1% at the industry industry is well placed to leverage that.
  • Max India Limited Investor Release

    Max India Limited Investor Release

    Max India Limited Investor Release Quarter ended June 30, 2019 Disclaimer This release is a compilation of financial and other information all of which has not been subjected to audit and is not a statutory release. This may also contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from our expectations and assumptions. We do not undertake any responsibility to update any forward looking statements nor should this be constituted as a guidance of future performance. Max India – Key Highlights (Q1FY20) 1 Max Healthcare to merge with Radiant: Radiant has acquired 49.7% stake in MHC from Life Healthcare. SEBI approval expected by mid-Aug’19. NCLT filing immediately after 2 Max Bupa divestment: Shareholder’s approval received in May’19. IRDA approval being progressed. Expected completion 2-3 months 3 Max Healthcare : Net revenue grows 12% to Rs 719 Cr. EBITDA for Q1 at Rs. 75 Cr, grows 151%; EBITDA Margin for Q1 at 10.4%, improved by 577 bps 4 Max Healthcare : Sharp turnaround in performance with a PAT of Rs. 2 Cr. in Q1FY20 against a loss of Rs. 37 Cr. in the corresponding previous quarter 5 Max Bupa: GWP grows 35% to Rs 250 Cr, 77% growth in new sales; Normalising for reinsurance impact, Pre tax loss of Rs 13 Cr vs Rs 16 Cr in PY 6 Antara: Antara all set to pursue next phase of growth in Noida and New Chandigarh via an investment light model 1 MHC Network* (Financial Snapshot – Q1FY20) • Net revenue for Q1FY20 grows 12% to Rs.
  • DFA INVESTMENT DIMENSIONS GROUP INC Form NPORT-P Filed

    DFA INVESTMENT DIMENSIONS GROUP INC Form NPORT-P Filed

    SECURITIES AND EXCHANGE COMMISSION FORM NPORT-P Filing Date: 2020-09-29 | Period of Report: 2020-07-31 SEC Accession No. 0001752724-20-200730 (HTML Version on secdatabase.com) FILER DFA INVESTMENT DIMENSIONS GROUP INC Mailing Address Business Address 6300 BEE CAVE ROAD 6300 BEE CAVE ROAD CIK:355437| IRS No.: 363129984 | State of Incorp.:MD | Fiscal Year End: 1031 BUILDING ONE BUILDING ONE Type: NPORT-P | Act: 40 | File No.: 811-03258 | Film No.: 201208198 AUSTIN TX 78746 AUSTIN TX 78746 (512) 306-7400 Copyright © 2020 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document DFA INVESTMENT DIMENSIONS GROUP INC. FORM N-Q REPORT July 31, 2020 (UNAUDITED) Table of Contents DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES Emerging Markets Portfolio Emerging Markets Small Cap Portfolio Emerging Markets Value Portfolio Emerging Markets Core Equity Portfolio U.S. Large Cap Equity Portfolio DFA Commodity Strategy Portfolio DFA One-Year Fixed Income Portfolio DFA Two-Year Global Fixed Income Portfolio DFA Selectively Hedged Global Fixed Income Portfolio DFA Short-Term Government Portfolio DFA Five-Year Global Fixed Income Portfolio DFA World ex U.S. Government Fixed Income Portfolio DFA Intermediate Government Fixed Income Portfolio DFA Short-Term Extended Quality Portfolio DFA Intermediate-Term Extended Quality Portfolio DFA Targeted Credit Portfolio DFA Investment Grade Portfolio DFA Inflation-Protected Securities Portfolio DFA Short-Term Municipal Bond Portfolio DFA Intermediate-Term Municipal Bond Portfolio
  • Max Life to Be 70:30 Joint Venture Between Max Financial Services and Axis Bank

    Max Life to Be 70:30 Joint Venture Between Max Financial Services and Axis Bank

    Axis Bank| 28th Apr 2020 - Mumbai, New Delhi Max Life to be 70:30 joint venture between Max Financial Services and Axis Bank Deal marks coming together of 3rd largest private bank and 4th largest private life insurer Strategic transaction to strengthen the franchise and bring long term orientation to the relationship Axis Bank to own 30% stake in Max Life post transaction closure Max Life to include Axis Bank logo in its brand tag line to demonstrate the close knit partnership Axis Bank Limited (Axis Bank) and Max Financial Services Limited (MFS) announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company Limited (Max Life). Axis Bank will hold 30% stake in Max Life post transaction closure. The development will result in a mutually beneficial and enduring relationship between Axis Bank and Max Life and bring the stability of a long term partnership to India’s fourth largest private life insurance franchise. The joint venture arrangement will significantly improve Max Life’s competitive position vis a vis its competitors, including the other large bank owned private life insurers. The Boards of Axis Bank, MFS and Max Life approved the transaction late on 27th April 20. This is an outcome of the inter-se discussions after the three companies had signed a confidentiality and exclusivity arrangement on 20th Feb 2020 to explore the possibility of a long-term strategic partnership between Axis Bank and Max Life. Max Financial Services presently holds a 72.5% stake in Max Life and Mitsui Sumitomo Insurance (MSI) owns 25.5% stake.