Key highlights:
- Midland Microfin is a Punjab-based NBFC-MFI, founded in 2011 (after acquiring an NBFC in 2010), that provides microcredit to women through Joint Liability Groups across 12 states and 2 union territories.
- As of March 31, 2025, it operates 517 branches across 224 districts, with an AUM of ₹2,288.12 crore (down from ₹2,543 crore in March 2024)
- The company’s net worth saw a significant boost from ₹487.9 crore to ₹619.17 crore following a ₹113 crore equity infusion in March 2025—reducing its gearing to ~3.36×
- Midland’s capital adequacy ratio remains strong at ~31.41%, supported by institutional backing from investors like Kitara Capital and ICICI Bank
Overview:
Midland Microfin Limited (MML), is an NBFC-MFI, operating in the North-Western part of the country with its base in Jalandhar, Punjab. The company is promoted by Mr. Amardeep Singh Samra who acquired an existing NBFC - Sajan Hire Purchase Private Limited in 2010 and re-named it to Midland Microfin Limited. The company commenced its operation in Jalandhar Punjab in 2011 and since then has expanded its presence in 12 states across the northern region. The key focus is on the delivery of financial services among low-income borrowers in Punjab and surrounding states.
Management:
Mr. Amardeep Singh Samra (Managing Director)
Amardeep Singh Samra leads as the MD and CEO of Midland Microfin Ltd, pioneering microfinance across India. With over 13 years of remarkable leadership, he has grown Midland Microfin into a leading MFI achieving remarkable milestones in asset quality and ethical client relationships. His expertise in Finance, Marketing, and Administration has driven innovation within the organization. He introduced centralized credit sanctioning and digital disbursement, enhancing efficiency and convenience for customers. As a Director in Microfinance Institutions Network (MFIN), he contributes to industry standards and regulatory compliance.
Mr. Amitesh Kumar (Chief Operating Officer & Chief Financial Officer)
Mr. Amitesh Kumar is a founding Executive team member of Midland Microfin Ltd and is a highly accomplished Microfinance professional with over 15 years of diverse experience. His expertise spans sales, marketing, business development, financial management, risk management, and more. He excels in Business Development, Operations Management, Strategy Formulation, Financial Planning, and more, showcasing a versatile skill set.
Mr. Amitesh has received prestigious accolades, including being recognized as one of the Top 5 CFOs in Finance in 2019 by CEO Insights Magazine and among the 10 best CFOs in India in 2023 by TradeFlock Magazine. His strategic prowess and positive leadership style have been instrumental in Midland’s success since its inception in 2011.
Key Financial- FY2025 :
All figures in INR Crore
Particular |
Amount |
AUM |
2288.12 |
Cash & Bank Balances |
376.12 |
Borrowings |
1959.69 |
Total Assets |
2786.58 |
Revenue |
364.27 |
Profit After Tax |
26.67 |
PAT Margin |
7.32 % |
Total Net worth |
619.17 |
Return on Equity |
5.23 % |
NNPA |
0.94 % |
NIM |
13.41 % |
CRAR |
31.41 % |
Lenders:
The prominent lenders in Midland Microfin Limited include:
Banks:
• Axis Bank
• Bank of Baroda
• Canara Bank
• State Bank of India
• The Bank of Maharashtra
NBFCs and DFI
• Tata Capital Financial Services Limited
• Bajaj Finance Limited
• Cholamandalam Finance
• Hero Fincorp
• JM Financial
Disclaimer:
Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.