Max India Ltd
NSE:MAXIND
Max India Ltd
Max India Ltd. engages in the provision of senior living communities, management and consultancy services. The company is headquartered in New Delhi, Delhi and currently employs 16 full-time employees. The company went IPO on 2016-07-14. The Company’s segments include Business Investments, Senior Living and Skill and Development. The Business Investments segment is represented by treasury investments, rental from investment property and functional support services to group companies. The Senior Living segment is engaged in the business of senior living. The Learning and Development segment relates to learning and development activities. Its wholly owned subsidiaries include Antara Senior Living Limited (ASL), Max Ateev Limited, Max Skill First Limited and Max UK Limited. ASL is engaged in the business of developing vibrant residential communities for seniors that offer a lifestyle with lifecare. Max Skill First Limited provides frontline sales and services training along with allied healthcare training. Max UK Limited is engaged in the business of providing business and administrative support services to officials of various group companies of the Company.
Max India Ltd. engages in the provision of senior living communities, management and consultancy services. The company is headquartered in New Delhi, Delhi and currently employs 16 full-time employees. The company went IPO on 2016-07-14. The Company’s segments include Business Investments, Senior Living and Skill and Development. The Business Investments segment is represented by treasury investments, rental from investment property and functional support services to group companies. The Senior Living segment is engaged in the business of senior living. The Learning and Development segment relates to learning and development activities. Its wholly owned subsidiaries include Antara Senior Living Limited (ASL), Max Ateev Limited, Max Skill First Limited and Max UK Limited. ASL is engaged in the business of developing vibrant residential communities for seniors that offer a lifestyle with lifecare. Max Skill First Limited provides frontline sales and services training along with allied healthcare training. Max UK Limited is engaged in the business of providing business and administrative support services to officials of various group companies of the Company.
Revenue Growth: Max India reported Q3 revenue of INR 49.8 crores, up 27% year-on-year, and 9-month revenue of INR 141.3 crores, up 19% year-on-year.
EBITDA Loss: Consolidated EBITDA was negative INR 29 crores for Q3 and INR 78 crores for the 9 months, slightly better than planned.
Senior Living Momentum: Strong sales momentum in the senior living segment, with Estate 360 fully sold out and Estate 361's first phase (180 units) achieving about 100 bookings within two months.
Assisted Care Expansion: Care Home bed capacity reached 485, with sequential occupancy rising from 25% to 27% and revenue in the segment growing to INR 5 crores in Q3 from INR 4 crores in Q2.
AGEasy Growth & Challenges: AGEasy Q3 revenue was INR 18.8 crores, with 9-month revenue at INR 54 crores (2.3x YoY growth), though Q3 was impacted by a Flipkart channel glitch; gross margins improved from 40% to 44%.
Profitability Path & Fundraising: Management reiterated targets for breakeven in residential and AGEasy segments by FY '27, with consolidated profitability targeted for FY '28, and plans to raise INR 200–250 crores in the next 6–9 months.
Market Interest: Renewed investor and industry interest in the senior living sector, with new entrants and increased government policy focus.
