Midland Microfin Profile
Key Indicators
- Authorised Capital ₹ 128.00 Cr
- Paid Up Capital ₹ 103.14 Cr
- Company Age 36 Year, 8 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 eight 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
Who are the key members and board of directors at Midland Microfin?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Amardeep Samra  | Managing Director | 07-Jun-2010 | Current |
| Amitesh Kumar | CFO | 17-Jan-2015 | Current |
| Sumit Bhojwani | Company Secretary | 20-May-2020 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Santokh Chhokar  | Director | 21-Dec-2021 | Current |
| Parveen Gupta | Director | 21-Dec-2021 | Current |
| Kamna Aggarwalla | Director | 17-Aug-2016 | Current |
| Vijay Kumar | Director | 28-Mar-2014 | Current |
| Ashwani Jindal | Director | 11-Aug-2022 | Current |
| Sachin Kamath | Nominee Director | 31-Mar-2016 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Xcalibur Mcphar Private LimitedSachin Kamath is a mutual person
Eepc IndiaKamna Aggarwalla is a mutual person
Mountain Trail Foods Private LimitedSachin Kamath is a mutual person
National Securities Depository LimitedParveen Gupta is a mutual person
Bank Of India Investment Managers Private LimitedParveen Gupta is a mutual person
Agi Greenpac LimitedVijay Kumar is a mutual person
Charges (Loans)
₹3,602.84 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jul 2024 | Others | ₹20.00 Cr | Open |
| 29 Jun 2024 | Others | ₹10.00 Cr | Open |
| 29 Jun 2024 | Others | ₹10.00 Cr | Open |
| 29 Jun 2024 | Others | ₹5.00 Cr | Open |
| 28 Jun 2024 | Others | ₹35.00 Cr | Open |
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.
Deals i
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
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
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.
