Max India Ltd · NSE:MAXIND
Max India — Investor Presentation (June 2026)
41 slides from Max India's investor presentation, Jun 24, 2026
Slide 1: Exchange filing cover letter for Investor Presentation
June 24, 2026 To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai – 400 001 Mumbai – 400051 Scrip Code: 543223 Name of Scrip: MAXIND Sub: Investor Presentation
Slide 2: Investor Presentation June, 2026
Investor Presentation June, 2026 1
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Max India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Max Group has consistently spotted emerging trends and built market leading businesses
Max Group has consistently spotted emerging trends & built iconic, market leading businesses, delivering ~25% CAGR to its shareholders over the last three decades In 2001, Max Group ventured into Healthcare sector and opened its first healthcare facility in South Delhi & Noida Max Healthcare opera
Slide 5: Senior care poised to become the Group's next transformative success story
Senior care poised to become the Group’s next transformative success story with a potential to significantly enhance shareholder value Comprehensive senior care ecosystem building a flywheel Established market traction across business for customer retention and optimized acquisition costs verticals
Slide 6: Senior Living: A high-growth market supported by strong, structural tailwinds
Senior Living: A high-growth market supported by strong, structural tailwinds DEMOGRAPHIC & SOCIAL SHIFTS DEMAND FOR SENIOR INFRASTRUCTURE UNDERPENETRATED VS. GLOBAL PEERS Home Care INR 10k–35k/month: Nurses, M A RK E T P E N E T RA TION — O RGA N IZE D S E N IOR L I V I NG physiotherapy, trained at
Slide 7: Max Group - Structure overview
Max Group - Structure overview Life Insurance Real Estate Senior Care Holding Company Max Financial Max Estates Max India Services Limited Limited Limited Market Cap*: INR ~863 cr+ Market Cap*: Market Cap*: INR 58,103cr+ INR 7,236 cr+ Operating Companies (100%) (100%) Antara Assisted Antara Senior L
Slide 8: Antara is the only company in India with a fully integrated senior care ecosystem
Antara is the only company in India having the vision to create a fully integrated senior care ecosystem Homes and Ser vice ➢ Large evolving market, sharp drop from “Need are s to Demand” funnel, maximizing Life Time C Value imperative. -term / Transition Long ➢ Synergies across verticals visible, c
Slide 9: Residences for Seniors
Residences for Seniors 8
Slide 10: Antara Senior Living: Lifecare & lifestyle solutions for seniors
Antara Senior Living: Lifecare & lifestyle solutions catering to evolving needs of seniors About Antara Senior Living Limited (“ASLL”) Current Locations Founded in 2011 with a vision to pioneer Senior Care Living in India; ; First Project started in 2013; Presently having projects at Dehradun, Noi
Slide 11: Multiple communities with sustainable economics
…through multiple communities with sustainable economics… Ongoing Projects Overview Dehradun Noida Gurugram(1) Gurugram(2) January 2020 Launch Date: January 2013 August 2024 December 2025 745k sft (340 units) Saleable Area: 575k sft (197 units) 763k sft (292 units) 1051k sft (360 units) 100% Percent
Slide 12: Antara Dehradun: Operations stable; Q4 FY26 revenue Rs 6.65 Cr
Antara Dehradun: Operations continues to be stable; Q4 FY26 revenue Rs 6.65 Cr; Community continues to be in Cash & profit surplus 14 Acres 5,75,500 1,400-6,600 Land Parcel of the Saleable area Average Apartment company's flagship in sq ft Size range in Sq Ft project 60,000 Rs 25,000 5 re-sales* Clu
Slide 13: Antara Noida Phase 1: Occupancy certificate received; ready for possession
Antara Noida Phase 1: All units sold in Mar’23; Occupancy certificate received in May 2026; Project ready for possession 340 ~7,45,000 2,000 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 40:60 ~Rs 16,0001 efficiency Channel Mix (%) Sales Realisation ~ 98% Cumulati
Slide 14: E360, Gurugram: All units of Senior Living sold
E360, Gurugram* : All 292 units of Senior Living sold out till Jul’25, with sales collection ~ Rs 534 Cr, collection efficiency ~ 87% 292 ~7,63,500 ~ 2,600 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 35:65 ~Rs 21,0001 efficiency Channel Mix (%) Sales Realisation
Slide 15: E360, Gurugram: Significant collections leading to higher DM fee recognition
E360, Gurugram : Significant collections achieved in FY Q426 leading to higher recognition of DM fee Total Saleable area = 7.63 lacs sq. Ft. Avg. Price = ~20.05k per sq. ft. (ExcL GST) Total Gross Sales of Senior Residences towers = ~INR 1530 Crs. Avg. Size of the Apartment= 2615 sq. ft. Collection
Slide 16: E361, Gurugram: Launched in Dec 2025
E361, Gurugram*: Launched in Dec 2025; 127 units of Senior Living out of 180 units in Ph-1 sold till Mar’26, with sales collection ~ Rs 69 Cr 360 ~10,51,600 ~ 2,920 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft (Ph-1 180 Units) Collection 23:77 ~Rs 22,0001 efficiency Channel
Slide 17: E361, Gurugram: Collection and DM Fee on track
E361, Gurugram : Project launched in Dec’2025; Collection and DM Fee are on track Total Saleable area = 10.52 lacs sq. Ft. Avg. Price = ~22k per sq. ft. (ExcL GST) Total Gross Sales of Senior Residences towers = ~INR 2100 Crs. Avg. Size of the Apartment= 2920 sq. ft. Collection till 31st Mar’26 (ITD
Slide 18: Piloted Antara Integrated Wellness Clinic for Residences
Piloted Antara Integrated Wellness Clinic as enhanced offering for Residences Holistic wellness addressing all aspect of wellbeing – Physical, Mental, Emotional and Spiritual. Combining modern medicine with traditional Indian modalities. 17
Slide 19: Antara Assisted Care Services Limited (AACS)
Antara Assisted Care Services Limited (“AACS”) 18
Slide 20: Integrated holistic wellness: services and products
Focussed on integrated holistic wellness, offering a wide range of services and products omes are h C AGEasy Antara Care Homes & Services: Assisted Care Services AGEasy: Senior Care Products S e nio es rR id en ce s ✓ Senior specific Patented products to help seniors manage ageing Transition related
Slide 21: Care Homes and Services
Care Homes and Services 20
Slide 22: Holistic care services for seniors needing immersive interventions
Holistic care services for seniors needing more immersive interventions for rehabilitation or activities of daily life Service offering Assisted living Transition care Memory Care 24*7 Clinical Cover with GP review Nursing Led Doctor Led Psychiatrist Led Emergency clinical protocols and hospital tra
Slide 23: Over-indexing on clinical differentiation as a moat
Over-indexing on clinical differentiation as a MOAT for our product Care Emergency Assessment Care Plan MDT Review Reassessment Delivery Management •Comprehensive clinical Assisted Living (AL) Assisted Living (AL) Assisted Living (AL) Assisted Living (AL) •Immediate assessment (AL) •Medication manag
Slide 24: 485 beds capacity built across 4 cities
485 beds capacity built across 4 cities, consistent Voice of customer score of 90%+ Bangalore, Gurgaon, Sector Bangalore, Location Gurgaon, DLF Gurgaon, Sector 41 Noida Chennai, ECR Chennai, OMR Bannerghatta 24 Whitefield Transition Care + Transition Care + Transition Care + Format Assisted Living A
Slide 25: New Care Homes added in FY 2026
New Care Homes added in FY 2026 Whitefield, Bengaluru OMR, Chennai ECR, Chennai (80 beds) (72 beds) (43 beds) • Feb’26 Go live • Feb’26 Go live • Oct’25 Go live • 19 Move-ins in Q4 FY26 • 9 Move-ins in Q4 FY26 • 20 Move-ins in Q4 FY26 24 24
Slide 26: Care Homes and services: Net revenue Rs 11.4 Cr in Q4FY26
Care Homes and services: Net revenue at Rs 11.4 Cr in Q4FY26, Up ~1.6x y-o-y Occupancy trend at Care Homes (bed days) Revenue (Rs Lacs) 2.6X 1200 1.6x 1140 9900 YoY 1080 1139 YoY 1020 9000 1037 9357 960 8100 900 8205 840 915 7200 780 6300 6765 720 787 5400 660 717 600 4500 5021 540 3600 480 2700 359
Slide 27: AGEasy
AGEasy 26 26
Slide 28: Online focused, senior-specific products to manage chronic conditions
Online focused, senior-specific products and solutions to manage chronic health conditions Antara AGEasy …is an online D2C platform offering senior specific products and is.. health solutions to manage chronic health conditions Our customer 1.5 Crore seniors (age 55 yrs+) in Urban India (Sec A, B) ;
Slide 29: 159 SKUs catering to specific conditions of seniors
159 SKUs catering to specific conditions of seniors pan-India Overview Rapid traction in building AGEasy – Key Statistics 90+ Products and 159 SKUs launched across 4 conditions(1). 1 new condition (Gut Health) launched during FY26 with 4 new products. 700k+ 8 45 Our portfolio of patents has grow
Slide 30: ~7L+ lives touched since inception with ~10% repeat customers
~7L+ lives touched since inception with ~10% repeat customers ITD till 31st Mar’26 Amazon - Total Flipkart - Total D2C – Total [...] Lives 3,81,261 [...] Lives 1,46,851 [...] Lives 2,51,154 Repeat Customers Repeat Customers Repeat Customers 1 44408 1 8399 1 25032 2 12% repeat 2 6% repeat 2 10% repea
Slide 31: Robust technology tools to drive operational excellence and growth
•. Robust Technology tools in place to drive next wave of Operational Excellence & Growth in AGEasy ❑ Base technology stack fully implemented ❑ Security and data infrastructure established ❑ Infrastructure vulnerability testing completed, gaps fixed. Infrastructure & Compliance ❑ DPO working with co
Slide 32: Accreditations; Partnerships and Innovations
Accreditations; Partnerships and Innovations 31
Slide 33: Strong endorsement for our brand and offerings
Strong endorsement continues for our brand and offerings by customers, employees and partners Strong endorsement for our brand Awards and Recognition and offerings by customers • Residences (Doon): SAT index at 87% (Q3FY26 88%) • HSSC Accreditation received for Care at Home services at Delhi NCR. •
Slide 34: Consolidated Financials
Consolidated Financials Consolidated Financials 33 33
Slide 35: Consolidated Financial Performance (Q4FY26)
Consolidated Financial Performance (Q4FY26): Revenue at Rs 72 Cr, up ~58% YoY; and ~45% QoQ; EBITDA loss improved significantly to Rs 7 Cr in Q4FY26 vs Rs 28.0 Cr in Q3FY26 34
Slide 36: Balance Sheet: Consolidated Net worth of Rs 409 Crores
Balance Sheet: Consolidated Net worth of Rs 409 Crores as of Mar’26 Assets (Rs in Crs.) 31-Mar-26 31-Mar-25 Equity & Liabilities (Rs in Crs.) 31-Mar-26 31-Mar-25 Non-Current Assets 288.7 277.2 Equity 408.3 358.7 Current Assets 380.6 260.4 Non-Current Liabilities 99.3 108.9 Assets classified as held
Slide 37: Treasury and other monetizable assets
Treasury and other monetizable assets – Focus is on profitability across all business verticals Senior living – Residences for Seniors Assisted Care Services – Other Assets^ (Rs 58 Cr) Invested Capital (~Rs 490 Cr) Invested Capital (~Rs 484 Cr) Antara Assisted Care Services business Cash & cash equi
Slide 38: Annexures
ANNEXURES COG
Slide 39: Highly experienced board of directors and leadership team
Max India: Highly experienced and versatile board of directors & leadership team Board of Directors Mr. Analjit Mr. Mohit Singh Mrs. Tara Talwar Chairman & Singh Vachani Mr. Rajit Mehta Non Executive Founder Vice Chairperson Managing Director Director Mr. Niten Mr. Pradeep Mr. Rohit Dr. Ajit Singh M
Slide 40: Antara Senior Care leadership team
Antara Senior Care leadership team Mrs. Tara Singh Vachani Vice Chairperson Mr. Rajit Mehta Antara Senior Living team Managing Director & Chief Executive Officer Mr. Ajay Mr. Kenneth Mr. Prem Mr. Mukesh Mr. Sanjay Ms. Simardeep Mr. Sandeep Mr. Shantanu Ms. Trapti Mr. Vipin Agrawal Sannoo Rathore Ghu
Slide 41: Contact Us
Contact US Company Investor Relations Advisors Max India Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74999MH2019PLC320039 CIN: U74140MH2010PTC204285 Mr. Ajay Agrawal / Mr. Abhishek Singh Mr. Rahul Agarwal / Mr. Devraj Ghatge ajay.agrawal@antaraseniorcare.com rahul.agarwal@sgapl.net / abhishek.