About
Basic Data Updated:
2 days agoIn May 1988, a credit rating report revealed that Sajan Hire Purchase Limited, now known as Midland Microfin Limited, was actively involved in the hire purchase business. However, the Midland group of Punjab saw an opportunity to expand into the microfinance sector and acquired Sajan Hire Purchase Pvt Ltd. As a result, the company's name was changed to MML and the hire purchase business was discontinued. MML is currently registered with the Reserve Bank of India as an NBFC-MFI (Non-Banking Financial Company-Microfinance Institute) and operates in three states - Punjab, Rajasthan, and Haryana. The company's extensive operations are efficiently managed through a network of 580 branches, catering to a total of 1,33,481 active borrowers under the Joint Liability Group (JLG) scheme.
Industry
Company Details
- Location
Jalandhar, Punjab, India
- Website1222442
- Telephone1222442
- Email Address1222442
- Social Media1222442
| CIN/LLPIN/FCRN | 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 |
Financials of Midland Microfin Limited
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Corporate Structure
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People in Midland Microfin Limited
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Executive Team (3)
Amardeep Samra
Managing DirectorAppointment Date: 07-Jun-2010
Status: Current
SB
Sumit Bhojwani Company SecretaryAppointment Date: 20-May-2020
Status: Current
AK
Amitesh Kumar CFOAppointment Date: 17-Jan-2015
Status: Current
Board Members(7)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Uco Bank Creation Date: 04 Apr 2024 | ₹30.00 Cr | Open |
Idbi Bank Limited Creation Date: 30 Mar 2024 | ₹25.00 Cr | Open |
Others Creation Date: 28 Mar 2024 | ₹15.00 Cr | Open |
Deals i
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Rating
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Alert
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Related Corporates (Common Directorship)
13 years 5 months 
Recent activity within the organization
Charges
A charge registered on 27 Mar 2021 via Charge ID 100437007 with Idbi Trusteeship Services Limited was fully satisfied on 15 Apr 2024.
15 Apr 2024Charges
A charge registered on 21 Jul 2020 via Charge ID 100357463 with Others was fully satisfied on 05 Apr 2024.
05 Apr 2024Charges
A charge registered on 19 Feb 2020 via Charge ID 100329844 with Others was fully satisfied on 05 Apr 2024.
05 Apr 2024Charges
A charge with Uco Bank amounted to Rs. 30.00 cr with Charge ID 100899467 was registered on 04 Apr 2024.
04 Apr 2024Charges
A charge registered on 10 Aug 2022 via Charge ID 100633802 with Others was fully satisfied on 03 Apr 2024.
03 Apr 2024
Frequently asked questions
What is the Incorporation or founding date of Midland Microfin Limited?
