Max Financial Services Limited was erstwhile incorporated as 'Max India Limited' on February 24, 1988, which subsequently was changed to Max Financial Services Limited on January 15, 2016. The Company, a part of the $5 billion Max Group, is the holding company for Max Life Insurance Company Limited. The Company owns and actively manages an 80.98% majority stake in Max Life Insurance , India's largest non-bank owned, private life insurance company. The Company is primarily engaged in the business of making and holding investments in its subsidiary, Max Life Insurance Company Limited and providing management advisory services to Group Companies in India. Some of the past joint venture partners of Max Group include Radiant Life