Max India Ltd.

Shareholders holding 1% or more · latest filing Sep 2026

Ownership split · Sep 2026

Share of total equity by holder type, with change since Jun 2026.

Promoters 48.22% 1.55 pp
FII / FPI 6.89% 0.17 pp
DII 4.94% 3.28 pp
Retail & others 39.95% 1.57 pp
Non-public / other 0% 0
Holder typeDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters50.94%50.45%50.16%50.05%49.89%49.82%49.77%48.22%
FII / FPI6.77%6.63%7.13%7.08%7.08%7.07%7.06%6.89%
DII0.94%0.81%0.98%1.43%1.58%1.62%1.66%4.94%
Retail & others41.35%42.11%41.73%41.44%41.45%41.48%41.52%39.95%
Non-public / other0%0%0%0%0%0%0%0%

Major shareholders

66 current holders with 1% or more in the Sep 2026 filing. Click a name to see everything they hold.

Holder Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 Change (QoQ)
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED Promoter 41.81%1.80 – 41.17%2.15 41.08%2.15 40.95%2.15 40.89%2.15 40.85%2.15 39.9%2.25 0.95 pp
SIVA FINVEST PRIVATE LIMITED Promoter New – – 6.86%0.36 6.84%0.36 – – – 6.35%0.36 –
SINGULARITY EQUITY FUND I Institution New – – – – – – – 4.08%0.23 –
HABROK INDIA MASTER LP Institution 2.84%0.12 2.81%0.12 3.42%0.18 3.41%0.18 3.4%0.18 3.4%0.18 3.39%0.18 3.17%0.18 0.22 pp
CASSINI PARTNERS, L.P. MANAGED BY HABROK CAPITAL MANAGEMENT LLP Institution 2.84%0.12 2.81%0.12 2.79%0.15 2.79%0.15 2.78%0.15 2.78%0.15 2.77%0.15 2.59%0.15 0.18 pp
ANALJIT SINGH Promoter 2.02%0.09 2%0.09 1.99%0.10 1.99%0.10 1.98%0.10 1.98%0.10 1.97%0.10 1.84%0.10 0.13 pp
P & Y CAPITAL TRUST Public New – – – – – – – 1.08%0.06 –
NIVEDITA RITESH OSWAL Public 1.16%0.05 1.15%0.05 1.14%0.06 1.14%0.06 1.13%0.06 1.13%0.06 1.13%0.06 1%0.06 0.13 pp
PIYA SINGH Promoter 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0
NEELU ANALJIT SINGH Promoter 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.04%0.00 0.01 pp
TARA SINGH VACHANI Promoter 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.05%0.00 0.04%0.00 0.01 pp
VEER SINGH Promoter 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0
Analjit Singh HUF Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
ABK Consultants Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Anchor Management Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Capricorn Health Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Capricorn Hospitality Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devavani Lifestyle Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Drugyel Estates Private Limited (Bhutan) Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Gaylord Impex Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Harmonious Hospitality Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Hometrail Properties Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
iCare Health Projects and Research Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Leo Retailing and Health Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
LGO PTE. Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Malsi Hotels Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Max Estates Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Max Learning Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Max Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
New Delhi House Services Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Nurture Health Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
P V T Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Piveta Estates Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Rama Krishna Cold-Chem Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Riga Foods LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Seven Heaven Buildmart Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Shakyasimha Foundation Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Shakyasimha Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Siva Reality Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Southend Houses Private Limited (FKA SKA Diagnostic Private Limited) Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Solace Hotels and Hospitality Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Terra Planet Estate Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Topline Electonics Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
TR Asset Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Trophy Estates Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Trophy Resorts and Guest Houses Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
TVP Investments Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Twiggy Ventures Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Enterprises Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Foundation Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Resorts & Hotels Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Retreats Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Therapiya Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vana Ventures Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vanaveda Lifestyle Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vitasta Estates Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Wegmans Business Park Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sants Holding Limited, UAE Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Lakeview Enterprises Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Max Financial Services Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vstar Ventures LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
SAHIL VACHANI Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
VEDA VACHANI Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
AVYA VACHANI Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
TSV Family Trust (FKA BAS Family Trust) Promoter – – – – 0%0 0%0 0%0 0%0 0
SV Family Trust Promoter – – – – 0%0 0%0 0%0 0%0 0
VALUE PROLIFIC CONSULTING SERVICES PVT LTD Public Exited / below 1% 1.06%0.05 1.05%0.05 1.04%0.05 1.04%0.05 1.03%0.05 1.03%0.05 1.03%0.05 – –
MURUGU SELVAN K Public Exited / below 1% 1.45%0.06 1.5%0.07 1.5%0.08 1.45%0.08 1.45%0.08 1.46%0.08 1.46%0.08 – –
Siva Finvest Private Limited (FKA Siva Enterprises Private Limited) Promoter Exited / below 1% – – – – 6.82%0.36 6.81%0.36 6.8%0.36 – –
Mr. Sahil Vachani Promoter Exited / below 1% – – 0%0 – – – – – –
Ms. Veda Vachani Promoter Exited / below 1% – – 0%0 – – – – – –
Ms. Avya Vachani Promoter Exited / below 1% – – 0%0 – – – – – –
PORINJU VELIYATH Public Exited / below 1% 1.04%0.05 1.03%0.05 – – – – – – –
MAX VENTURES INVESTMENT HOLDINGS PRIVATE Promoter Exited / below 1% – 41.41%1.80 – – – – – – –
SIVA FINVEST PRIVATE LIMITED (FORMERLY KNOWN AS SIVA ENTERPRISES PRIVATE LIMITED) Promoter Exited / below 1% – 6.9%0.30 – – – – – – –
Siva Finvest Private Limited (fomerly known as Siva Enterprises Private Limited) Promoter Exited / below 1% 6.97%0.30 – – – – – – – –

Companies only disclose holders with 1% or more, so “Exited / below 1%” can also mean the stake fell under 1%. “pp” = percentage points.

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