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OUR ENTERPRISEMEASURES OF SUCCESSOUR PATHOUR VALUESBOARD OF DIRECTORS

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Max India Limited, a multi-business corporate, owns and actively manages a 46% per cent stake in Max Healthcare, a 51% stake in Max Bupa Health Insurance and a 100% stake in Antara Senior Living.

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 Network has revenues of ` 2,181 crore from over 2,500 beds across 14 hospitals.

Launched in 2008, Max Bupa is a 51:49 JV with Bupa Finance Plc., UK. It is one of Indias leading standalone health insurance companies with Gross Premium of ` 476 crore, about 13,000 agents and tie-ups with over 3,600 quality hospitals across over 350 cities in India.

Launched in 2013, Antara is a 100% subsidiary of Max India. It is pioneering the concept of Age in Place for people over 55, by developing Senior Living communities in India. The first Antara community will open in late 2016 near Dehradun, Uttarakhand.

OUR ENTERPRISE

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Max Ventures & Industries is the holding Company for Max Speciality Films and serves as the Groups entrepreneurial arm to explore the wider world of business, especially taking cues from the economic and commercial reforms agenda of the present Government, including Make in India, Skill India, Digital India, among others.

Launched in 2008, Max India Foundation (MIF) represents the Max Groups social responsibility aspirations. The Foundations work is focussed on healthcare for the underprivileged and has benefitted over 17,00,000 people in over 600 locations since its inception.

Max Financial Services owns and actively manages a majority stake in Max Life Insurance Company Limited, making it Indias first listed Company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan headquartered global leader in life insurance.

Launched in 2000, Max Life is a joint venture with MS&AD, Japan. It is Indias largest non-bank private life insurer, with revenues of ` 9,216 crore and a customer base of 3.8 million across 215 offices in 138 cities in India.

Launched in 1988, Max Speciality Films is a subsidiary of MaxVIL, based in Railmajra, Punjab. It is a leading manufacturer of speciality packaging films, with revenues of ` 710 crore

Max Estates will leverage the Max Groups in-house experience in activities aligned with Real Estate and its access to the sponsors private and Group land bank. The Company has already commenced work on our maiden project in Dehradun.

Max I. Ltd, a fully owned subsidiary, will provide intellectual and financial capital to early-stage organizations, with sound business models and proven revenue stream, across identified sectors.

MaxVILs Education vertical recognises the gap in provision of quality education in India and views this as a genuine opportunity not merely in terms of business but also in terms of making a significant positive social impact.

Max I. LimitedEducation Vertical

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MEASURES OF SUCCESS

Max India Limited Equity shares listed on the BSE and the NSE w.e.f. July 14, 2016

Treasury corpus of ` 367 crore*

Focus onhigh growth and under-penetrated sectors

26% CAGR in Max Healthcarerevenues since FY 2011

Antara Dehradun community set to commence operations in Q3 FY 2017

Max Bupa reaches over1 million retail customers

* As at June 30, 2016

Growth numbers calculated against restated numbers for previous year for like to like comparison

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Strong and deepening relationships with our Joint Venture Partners Life Healthcare and Bupa

Investor base comprising marquee global financial institutions such as Goldman Sachs, IFC Washington, Temasek, Fidelity, Ward Ferry, New York Life, Nomura and Invesco

Benefitted over 17 lakh lives in600 locationsacross India through Max India Foundation

Max Healthcare turns profitable, PAT at ` 10 crore

2 Major Hospital Acquisitions in Delhi/NCR provide a platform to more than double bed capacity to over 5,000 beds

Max Bupa GWP grows at a strong 28%

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OUR PATH

Our VisionTo be the most admired Company for health and life care needs of its customers, patients and their families.

Our MissionBe the most preferred category choice for customers, patients, shareholders and employees

Deliver exceptional and ever changing standards of medical and service excellence

Operate to uncompromising ethical standards consistently

Lead the market in quality and reputation

Maintain cutting edge standards of governance

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OUR VALUES

SevabhavWe encourage a culture of service and helpfulness so that our actions positively impact society. Our commitment to Seva defines and differentiates us.

ExcellenceWe gather the experts and the expertise to deliver the best solutions for lifes many moments of truth. We never settle for good enough.

CredibilityWe give you our word. And we stand by it. No matter what. A No uttered with the deepest conviction is better than a Yes merely uttered to please, or worse, to avoid trouble. Our words are matched by our actions and behaviour.

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BOARD OF DIRECTORS

DR. S. S. BAIJALMentor

MR. ANALJIT SINGH Founder & Chairman Emeritus

MR. RAHUL KHOSLAChairman

Dr. Baijal served ICI (India) Limited for over 35 years and was the Chairman of ICI companies in India from 1983 to 1987. He then played an active role on the erstwhile Max India Board from 1998 till 2009, where he added immense value to the company. He was the Chairman of the erstwhile Max India during the years 1998-2000. On his retirement from the Board in 2009, he was elevated to the position of Chairman Emeritus in 2009 and to Mentor of new Max India in January 2016 after the demerger of the erstwhile Max India.

Mr. Analjit Singh is the Founder and Chairman Emeritus, Max Group, and Chairman of Max Ventures & Industries and Antara Senior Living. An industry statesman, he was awarded the Padma Bhushan, one of Indias top civilian honours in 2011. He is also the Chairman of Vodafone India, and is on the Board of Tata Global Beverages and Sofina NV/SA, Belgium. He has significant interests in real estate in India and lifestyle related ventures in the Western Cape, South Africa, pertaining to viticulture, wine making and hospitality. Mr. Analjit Singh is a member of the Founder Executive Board of the Indian School of Business (ISB) and has served as Chairman of Board of Governors of the Indian Institute of Technology (IIT), Roorkee. He was awarded the Ernst and Young Entrepreneur of the Year Award (Service Category) in 2012 and the US India Business Council Leadership Award in 2013. In 2014, he was awarded with Spains second highest civilian honour, the Knight Commander of the Order of Queen Isabella. He is an alumnus of Doon School and Shri Ram College of Commerce (SRCC), Delhi University, and holds an MBA from Boston University. He also serves as the Honorary Consul General of the Republic of San Marino in India.

Mr. Rahul Khosla is a seasoned business leader with deep management experience, broad leadership skills and wide business perspectives developed over the last 30 years of working in India and globally. He is currently President, Max Group, Executive President, Max Financial Services, Chairman, Max India, Max Life and Max Healthcare. Under his leadership, the Max Group has delivered superior financial performance, significantly grown market capitalization, and concluded seminal corporate transactions. He led the mega-restructuring of the erstwhile Max India into three new listed entities and is currently spearheading the proposed merger of Max Life and Max Financial Services with HDFC Life, which will result in the creation of Indias largest private life insurance company. Before joining Max, Mr. Khosla spent 11 years based in Singapore as the Group Head of Products at Visa Inc for Asia Pacific, Central Europe, Middle East and Africa, following his role at Visa Inc as Chief Operating Officer for the Asia Pacific region. He held several senior roles prior to this as Country Head for ANZ Grindlays consumer banking businesses in India; Head of Retail Assets, Strategy, Finance and Legal at Bank of America.

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MR. MOHIT TALWAR Managing Director

MR. ASHOK KACKERIndependent Director

MR. ASHWANI WINDLASSNon-Executive Director

Mr. Mohit Talwar is the Managing Director of Max Financial Services and Max India, and Vice Chairman of Max Ventures & Industries Limited. In additi