Max Financial Services Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the year ended March 31, 2025'.
MFSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Max Financial Services Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2025, as required under SEBI's Listing Regulations. The report is filed on a consolidated basis covering both MFSL and its material subsidiary Axis Max Life Insurance (AMLI), in which MFSL holds about 80.98%. Key highlights include 93% digital penetration, gender diversity of 28.8% (exceeding the 28% target for FY25), average 54 learning hours per employee against a 40-hour target, and 9 Mumbai offices transitioned to green energy. AMLI recorded turnover of about ₹32,597 crore with 24,880 permanent employees, while customer complaints fell slightly to 3,516 from 3,527 the previous year. AMLI also received ESG recognitions including the ET Sustainable Organisation 2024 award and Business World ESG Leadership Award 2025, and appointed CRISIL for ESG integration. The company has set a target to reduce operational carbon emissions by 80% by 2028, and BRSR Core indicators were independently assessed by TUV SUD South Asia.
This is a routine regulatory ESG disclosure and is unlikely to move the stock price on its own. However, it signals improving sustainability practices, strong diversity metrics, and progress toward carbon reduction goals, which may appeal to ESG-focused investors. Two small income tax penalties of ₹50,000 each on AMLI are immaterial.