| COMPANY NAME | MIDLAND MICROFINANCE LIMITED |
|---|---|
| NATURE OF BUSINESS | Microfinance Institution |
| ISIN NO | INE884Q01015 |
| FACE VALUE | Rs.10/- |
| PROMOTERS | Mr. AMARDEEP SINGH SAMRA |
| COMPANY WEBSITE | www.midlandmicrofin.com |
| YEAR OF EASTBLISHMENT | 1988 |
| REGISTERED ADDRESS | The AXIS, BMC Chowk, G.T. Road, Jalandhar – 144 001,Punjab. |
Midland Microfin Ltd is an ‘NBFC-MFI’ registered with the Reserve Bank of India (RBI registration No. B-06.00458) having Head Office at Jalandhar, Punjab to deal in microfinance in India.
Keeping in line with its vision of being a technology savvy MFI, the company after studying different software in the industry, MML has tied up with ‘Jayam Solutions’ for a web based centralized software solution.
Jayam Solutions is a leading Software Solutions and Service provider in the Global market providing Business solutions. It is one of the best software’s for MFIs which takes care of complete processes of the microfinance business.
Efimo is the latest version from Jayam Solutions. It is designed to handle large volume of accounts and transactions.
It is equipped with customizable modules, menu driven interface, rich parameters van run on any standard browser. Efimo is a scalable solution that allows the MFIs and Banks to continue to support their growing business requirements.
At present the area of Operation of Midland Microfin is Punjab,Chandigarh ,Haryana ,Rajasthan,Uttar Pradesh,Bihar,uttarakhand,Himachal Pradesh,Jharkhand,Gujarat and Madhya Pradesh . Midland Microfin is having 253 branches in Punjab,Chandigarh,Haryana,Rajasthan,Uttar Pradesh,uttarakhand,Bihar,Himachal Pradesh,Jharkhand,Gujarat and Madhya Pradesh.
In the next financial year the area will be expanded to the states of odisha Apart from opening more branches in Punjab,Chandigarh,Haryana,Rajasthan,Uttar Pradesh,Bihar,uttarakhand, Himachal Pradesh,Jharkhand,Gujarat and Madhya Pradesh .
Thereafter it is proposed to be expanded to entire India and nearby countries.
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| PARTICULARS | 2021-22 | 2020-21 | 2019-20 |
|---|---|---|---|
| REVENUE | 45.57 | 39.17 | 33.33 |
| TOTAL INCOME | 219.78 | 192.34 | 184.15 |
| EPS | 4.89 | 3.73 5.62 | 3.73 5.62 |