About Midland Microfin Limited
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Midland Microfin Limited is a public limited company based in Jalandhar, Punjab, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 27 May 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1988PLC008430. Its GSTIN is 03AAGCS6186A1ZL (Punjab). The company holds 19 GST registrations, all of them active.
The company has an authorised share capital of ₹128 Cr and a paid-up capital of ₹51.49 Cr. It was formerly known as Sajan Hire Purchase Limited. It is led by directors including Amardeep Singh Samra (Managing Director) and Kamna Raj Aggarwalla.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at The Axis Plot No.1 R.B. Badri Dass Colony G.T Road, Jalandhar, Punjab, India – 144001.
As per the financials filed for FY 2025, the company reported a revenue of ₹636.45 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹26.67 Cr (net margin 4.2%) and EBITDA of ₹303.26 Cr (EBITDA margin 47.6%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 28% over five years.
The company has about 5,281 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Midland Microfin. As per MCA filings, the company has open charges of ₹3,656.09 Cr and satisfied charges of ₹4,575.27 Cr on record. Court records list 61 cases involving the company, including 45 filed by the company and 17 filed against it; 8 cases are pending. The company has 21 deals on record (9 funding rounds, 7 secondary share transfers, 4 rights issues), with disclosed funding of ₹212.2 Cr; the latest was in December 2022. Its 7 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 3 smaller; the largest is Bhanix Finance and Investment Limited with revenue of ₹606.8 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 37 overdue payments to 18 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midlandmicrofin.com.
Company details
CIN history
Midland Microfin has one previous CIN (Corporate Identification Number): L65921PB1988PLC008430. The current CIN is U65921PB1988PLC008430, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921PB1988PLC008430 | Current |
| L65921PB1988PLC008430 | Previous |
Contact details
Midland Microfin Limited's registered office is in Jalandhar, Punjab. Its website is midlandmicrofin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThe Axis Plot No.1 R.B. Badri Dass Colony G.T Road, Jalandhar, Punjab, India – 144001
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Midland Microfin Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Midland Microfin operates one associated brand: Midland Microfin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Micro loans are extended to low-income women in Punjab. | midlandmicrofin.com |
Business activity
The main business activity of Midland Microfin is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Midland Microfin Limited, buy the company report.
Financials of Midland Microfin Limited
FY 2025 filings availableMidland Microfin Limited reported revenue of ₹636.45 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 19% growth in the latest year. EBITDA rose 3% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹636.45 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹303.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.67 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.6% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Midland Microfin Limited, buy the company report.
Board of directors of Midland Microfin Limited
Midland Microfin has 7 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamna Raj Aggarwalla Also directs: Eepc India, Gallant Sports & Infra Limited | Director | 17 Aug 2016 | 10 Years 2 Months | Current |
| Santokh Singh Chhokar Also directs: Chhokarconsult Private Limited | Director | 21 Dec 2021 | 4 Years 10 Months | Current |
| Amardeep Singh Samra | Managing Director | 07 Jun 2010 | 16 Years 4 Months | Current |
| Ashwani Kumar Jindal Also directs: Credifin Limited, Exclusive Leasing and Finance Private Limited | Director | 11 Aug 2022 | 4 Years 2 Months | Current |
| Parveen Kumar Gupta Also directs: 63 Moons Technologies Limited, India Shelter Finance Corporation Limited, Utkarsh Small Finance Bank Limited and 4 more | Director | 21 Dec 2021 | 4 Years 10 Months | Current |
| Sachin Nithyanand Kamath Also directs: Mirador Advisors LLP, Oil Field Instrumentation (India) Private Limited, Upright Technoplast Private Limited and 4 more | Nominee Director | 31 Mar 2016 | 10 Years 6 Months | Current |
Peer comparison
Midland Microfin Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Midland Microfin Limitedthis company | ₹636.45 Cr (FY 2025) | ₹26.67 Cr | 4.2% | 19.0% | 5,281 | Jalandhar, Punjab, India |
| Bhanix Finance and Investment Limited | ₹606.8 Cr (FY 2024) | 15.0% | Mumbai, Maharashtra, India | |||
| Tyger Capital Private Limited | ₹579.28 Cr (FY 2024) | 12.0% | Ahmedabad, Gujarat, India | |||
| Orix Leasing & Financial Services India Limited | ₹556.47 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India | |||
| Puran Associates Private Limited | ₹549.36 Cr (FY 2024) | 26.0% | New Delhi, Delhi, India | |||
| Master Trust Limited | ₹500.53 Cr (FY 2024) | 48.0% | Ludhiana, Punjab, India | |||
| Light Microfinance Private Limited | ₹494.93 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Aurum Ventures Private Limited | ₹475.96 Cr (FY 2025) | 30.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Midland Microfin Limited, buy the company report.
Auditor
Midland Microfin Limited is audited by S.R.BATLIBOI & ASSOCIATES LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.BATLIBOI & ASSOCIATES LLP | FY 2018 | 101049W/E300004 |
Shareholding
The shareholding of Midland Microfin Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midland Microfin Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2026 | 101290293 | Others | ₹10 Cr | Open | |
| 30 Apr 2026 | 101290349 | Others | ₹10 Cr | Open | |
| 25 Mar 2026 | 101271503 | Others | ₹10 Cr | Open | |
| 25 Mar 2026 | 101271490 | Others | ₹10 Cr | Open | |
| 24 Mar 2026 | 101270822 | Others | ₹35 Cr | Open |
To see the full charge records of Midland Microfin Limited, buy the company report.
Total charge records: 373 View all charges
Deals & funding
Midland Microfin Limited has 21 deals on record (9 funding rounds, 7 secondary share transfers, 4 rights issues), with disclosed funding of ₹212.2 Cr; the latest was in December 2022.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Funding round | ₹74.41 Cr | Investors: Icici Bank Limited , an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Other Midland Microfin Limited, International Township Developers, 2 individuals Seller: Small Industries Development Bank of India (SIDBI), 3 individuals |
| Oct 2020 | Rights issue | ₹45 Cr | Investors: Other Midland Microfin Limited, 3 individuals |
| Mar 2020 | Funding round | ₹18.62 Cr | Investors: Northern India Consultants Private Limited , 3 individuals |
| Sep 2018 | Rights issue | ₹9.36 Cr | Investors: Other Midland Microfin Limited, International Township Developers, 2 individuals |
To see the full deal history of Midland Microfin Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Midland Microfin Limited has 61 court cases on record: 45 filed by Midland Microfin, 17 filed against it. 8 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 13 | 8 |
| High courts | 5 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed against the company by Midland Microfin Limited and 1 other | Disposed |
| High Court, PUNJAB | Writ petition | Filed by the company against Midland Microfin Limited and 4 others | Disposed |
| District court, Rupnagar, Punjab | Criminal miscellaneous application | Filed by the company against Unknown | Disposed |
| District court, Hanumangarh, Rajasthan | Court case (Final Report) | Filed against the company by an individual | Pending |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of Midland Microfin Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Midland Microfin Limited was last rated by Indiarating on 23 Mar 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 23 Mar 2023 |
To see the full credit ratings and regulatory alerts of Midland Microfin Limited, buy the company report.
MSME payment delays
Midland Microfin Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 37 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sagar Informatics Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Ang India Limited | |||
| an individual supplier |
To see the full MSME payment records of Midland Microfin Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Midland Microfin Limited has a workforce of 5,281 employees on its EPFO records as of Jan 16, 2026, across 1 active EPFO establishment.
GST
Midland Microfin has 19 GST registrations: 19 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAGCS6186A1ZL | Punjab | Active | 01 Jul 2017 |
| 03AAGCS6186A2ZK | Punjab | Active | 11 Jan 2025 |
| 06AAGCS6186A1ZF | Haryana | Active | 01 Jul 2017 |
| 08AAGCS6186A1ZB | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midland Microfin Limited, buy the company report.
Recent activity
Midland Microfin Limited has 33 board changes on record since 2010: 8 appointments and 25 cessations. The latest: Shant Kumar Gupta was appointed as Additional Director on 29 Jan 2026.
681 earlier events are in the company report.
Frequently asked questions
Midland Microfin is an active public limited company based in Jalandhar, Punjab, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 27 May 1988 (38+ years old) and is registered under CIN U65921PB1988PLC008430.
Midland Microfin has 7 current directors:
- Amardeep Singh Samra - Managing Director
- Kamna Raj Aggarwalla - Director
- Santokh Singh Chhokar - Director
- Ashwani Kumar Jindal - Director
- Parveen Kumar Gupta - Director
- Sachin Nithyanand Kamath - Nominee Director
- Shant Kumar Gupta - Additional Director
The latest financial statements of Midland Microfin on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Midland Microfin is 03AAGCS6186A1ZL, registered in Punjab. The company has 19 GST registrations in all, of which 19 are active. Other active GSTINs include 03AAGCS6186A2ZK (Punjab), 06AAGCS6186A1ZF (Haryana), 08AAGCS6186A1ZB (Rajasthan).
The CIN (Corporate Identification Number) of Midland Microfin is U65921PB1988PLC008430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midland Microfin has 61 court cases on record: 45 filed by the company and 17 filed against it. 8 are pending. Most are in the district courts.
Midland Microfin was incorporated on 27 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chandigarh.
Midland Microfin has 21 deals on record (9 funding rounds, 7 secondary share transfers, 4 rights issues), with disclosed funding of ₹212.2 Cr; the latest was in December 2022.
The peers of Midland Microfin by revenue are Bhanix Finance and Investment Limited, Tyger Capital Private Limited, Orix Leasing & Financial Services India Limited, Puran Associates Private Limited, Master Trust Limited and 2 more, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Shant Kumar Gupta was appointed as Additional Director on 29 Jan 2026. Ashwani Kumar Jindal ceased to be Additional Director on 24 Sep 2022. Parveen Kumar Gupta ceased to be Additional Director on 24 Sep 2022. Midland Microfin has 33 board changes on record in total.
Midland Microfin has 10 MSME Form 1 returns on record between 2019 and 2024, listing 37 overdue payments to 18 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Midland Microfin can be reached through the website midlandmicrofin.com. Its registered office is in Jalandhar, Punjab, India.