Midland Microfin Limited

NBFC-MFI providing microfinance services in Punjab, Rajasthan, and Haryana through 580 branches.

1988 | Jalandhar, Punjab (India) | Active
Last Updated:

Midland Microfin Profile

Key Indicators

  • Authorised Capital ₹ 128.00 Cr
  • Paid Up Capital ₹ 103.14 Cr
  • Company Age 36 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3,602.84 Cr
  • Satisfied Charges ₹ 2,712.44 Cr
  • Revenue Growth 79.69%
  • Profit Growth 110.18%
  • Ebitda 70.86%
  • Net Worth 28.32%
  • Total Assets 26.82%

About Midland Microfin

Midland Microfin Limited (MML) is a leading Public Limited Indian Non-Government Company incorporated in India on 27 May 1988 and has a history of 36 years and ten months. Its registered office is in Jalandhar, Punjab, India.

The Corporate was formerly known as Sajan Hire Purchase Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 128.00 Cr and a paid-up capital of Rs 103.14 Cr.

The company currently has active open charges totaling ₹3,602.84 Cr. The company has closed loans amounting to ₹2,712.44 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Midland Microfin Limited India are Amitesh Kumar as CFO and Sumit Bhojwani as Company Secretary. Vijay Kumar, Santokh Chhokar, Amardeep Samra, and Four other members serve as directors at the Company.

Company Details

  • Location

    Jalandhar, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65921PB1988PLC008430

  • Company No.

    008430

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    27 May 1988

  • Date of AGM

    28 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Financial Services

Who are the key members and board of directors at Midland Microfin?

Executive Team (3)

NameDesignationAppointment DateStatus
Amardeep Samra Country flag representing In Managing Director07-Jun-2010Current
Amitesh Kumar CFO17-Jan-2015Current
Sumit Bhojwani Company Secretary20-May-2020Current

Board Members (6)

NameDesignationAppointment DateStatus
Santokh Chhokar Country flag representing Gb Director 21-Dec-2021Current
Parveen Gupta Country flag representing In Director 21-Dec-2021Current
Kamna Aggarwalla Country flag representing In Director 17-Aug-2016Current
Vijay Kumar Country flag representing In Director 28-Mar-2014Current
Ashwani Jindal Country flag representing In Director 11-Aug-2022Current
Sachin Kamath Country flag representing In Nominee Director 31-Mar-2016Current

Financial Performance of Midland Microfin.

Midland Microfin Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 79.69% increase. The company also saw a substantial improvement in profitability, with a 110.18% increase in profit. The company's net worth Soared by an impressive increase of 28.32%.

Midland Microfin revenue growth over time
Midland Microfin profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
79.69%
Revenue from Operations
79.67%
Total Assets
26.82%
Profit or Loss
110.18%
Net Worth
28.32%
EBITDA
70.86%

What is the Ownership and Shareholding Structure of Midland Microfin?

In 2023, Midland Microfin had a promoter holding of 29.62% and a public holding of 70.38%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3,602.84 Cr

Satisfied Charges

₹2,712.44 Cr

Charges Breakdown by Lending Institutions

  • Others : 2585.10 Cr
  • State Bank Of India : 415.53 Cr
  • Sidbi : 245.00 Cr
  • Indian Overseas Bank : 75.00 Cr
  • Uco Bank : 60.00 Cr
  • Others : 222.21 Cr

Latest Charge Details

DateLenderAmountStatus
09 Jul 2024Others₹20.00 CrOpen
29 Jun 2024Others₹10.00 CrOpen
29 Jun 2024Others₹10.00 CrOpen
29 Jun 2024Others₹5.00 CrOpen
28 Jun 2024Others₹35.00 CrOpen

How Many Employees Work at Midland Microfin?

Midland Microfin has a workforce of 4001 employees as of Aug 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Midland Microfin Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Midland Microfin, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Midland Microfin's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Midland Microfin

Recent activity within the organization

  • Charges

    A charge registered on 09 Jun 2022 via Charge ID 100587206 with Others was fully satisfied on 15 Jul 2024.

  • Charges

    A charge with Others of Rs. 15.00 Cr registered on 27 Jul 2023 with Charge ID 100754464 was modified on 10 Jul 2024.

  • Charges

    A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100951905 was registered on 09 Jul 2024.

  • Charges

    A charge registered on 28 Jun 2022 via Charge ID 100593067 with Others was fully satisfied on 03 Jul 2024.

  • Charges

    A charge registered on 28 Jun 2022 via Charge ID 100593070 with Others was fully satisfied on 03 Jul 2024.

  • Charges

    A charge registered on 28 Jun 2022 via Charge ID 100593078 with Others was fully satisfied on 03 Jul 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Midland Microfin Limited?

    Midland Microfin Limited was incorporated on 27 May 1988.

  • What is authorized share capital and paid-up capital of Midland Microfin Limited?

    The authorized share capital of Midland Microfin Limited is ₹ 128.00 Cr and paid-up capital is ₹ 103.14 Cr.

  • Who are the current board members & directors of Midland Microfin Limited?

    Currently 9 directors are associated with Midland Microfin Limited.

    • Vijay Bhandari Kumar
    • Santokh Singh Chhokar
    • Amardeep Singh Samra
    • Ashwani Kumar Jindal
    • Sachin Nithyanand Kamath
    • Parveen Kumar Gupta
    • Kamna Raj Aggarwalla
    • Amitesh Kumar
    • Sumit Bhojwani

  • What is the registered address of Midland Microfin Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Midland Microfin Limited is The Axis Plot No.1 R.B. Badri Dass Colony, G.T Road, Jalandhar, Punjab, India, 144001.

  • What is the corporate identification number (CIN) and company number of Midland Microfin Limited?

    The corporate identification number (CIN) of Midland Microfin Limited is U65921PB1988PLC008430 and the company number is 008430 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Midland Microfin Limited?

    The Official website of Midland Microfin Limited is https://www.midlandmicrofin.com

  • What has been the recent revenue trend for Midland Microfin Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Midland Microfin Limited has risen by 79.69%.

  • How many employees does Midland Microfin Limited currently have?

    As Per 2023 financial reports, 4001 employees are currently employed by Midland Microfin Limited.

  • What change has been observed in the net worth of Midland Microfin Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Midland Microfin Limited has experienced an upsurge of 28.32%.

  • What are the total open charges for Midland Microfin Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Midland Microfin Limited amount to ₹ 3,602.84 Cr.

  • When was the last Balance Sheet of Midland Microfin Limited filed with the ROC?

    The most recent Balance Sheet for Midland Microfin Limited was filed with the ROC on 31 Mar 2023.

People also Viewed