Max Group, India’s multi-business conglomerate, has announced that Mr. Mohit Talwar, Managing Director of Max Financial Services Limited – one of the three holding companies of the group – will continue with his role for another year till January 15, 2023. Mr. Talwar will provide continuity to the key initiatives that are currently underway. He will also remain on the Board of Max Life and Max India, as a Non-Executive Director.
Mr. Talwar stepped down from his role as Vice-Chairman, Max Group and Managing Director, Max India – the Group’s holding company for its senior care business – effective January 15, 2021. He also stepped off the Boards of Max Ventures & Industries and Antara.
According to a statement, “During his tenure, Mr. Talwar has led multiple fronts such as effective alignment with Max Group’s valued joint venture partners, progressing new business opportunities organically and inorganically, optimizing capital management & treasury, and managing investors. He was instrumental in structuring the Axis transaction that led to significant value creation for all shareholders. Under his aegis, MFSL’s market cap increased 4x over the last 5 years.”
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