Midland Microfin Limited (MML) is an NBFC-MFI registered with the Reserve Bank of India and s headquartered at Jalandhar, Punjab. The company was incorporated in 1988 and started operations in the microfinance segment from January 2011. MML has been promoted by Mr. Amardeep Singh Samra, who has more than two decades of experience in finance. The company is the first Punjab-based micro finance institution and is lending through the Joint Liability Group (JLG) model. The company is primarily engaged in providing micro financial services to women in the rural areas who are enrolled as members and organized as Joint Liability Group(JLG).

The Company came out with a Public Issue of Secured Redeemable Non-Convertible Debentures in 2014 and the said securities are listed with Bombay Stock Exchange.

During the FY2018, the Company made an incredible increase in its Outstanding Portfolio, from Rs.113.15 crore to Rs. 350.79 crore, a growth of 210.02%.

During the FY2019,the loan portfolio of the company had increased from Rs 350.79 crore to Rs 549.07 crore ,registered a growth of 57%. The networth of the company has increased from Rs 53.04 crore as at 31 March 2018 to Rs 102.27 crore as at 31 March 2019.

During the year 2018-19,the company has allotted 4677876 equity shares of Rs 10 each at a premium of Rs 45.70 per share on rights issue basis in the ratio of 1:4. The Board of Directors have recommended a bonus issue in the ratio of 1:10 and the proposal was approved by the shareholders on 25 December 2018.

As of 31 March 2020, MML had an AUM of Rs 777.7 Crore across 7 states and 191 branches. The top three exposure states contribute to 84% of the portfolio and are Punjab (43% of the portfolio), Bihar (29% of the portfolio) and Rajasthan (13% of the portfolio). The remaining portfolio concentration is across Haryana, Uttar Pradesh, Jharkhand and Himachal Pradesh.

The portfolio growth rate in MML has been consistent over the years, with average year-on-year (YoY) growth rate at 103% for the last four fiscals. The company's Assets Under Management (AUM) as on 31 March 2020 were at Rs 777.7 Crore (Rs 549 Crore previous year). The own book portfolio as on the 31 March 2020 was Rs 683.1 Crore (Rs 499 Crore previous year).

The earnings profile was comfortable, with the Return on Assets (ROA) and Return on Equity (ROE) at 2.6% and 18.6%, respectively, for FY20 (at 2.1% and 17.4% for FY19).

MML primarily offers micro business loans to women borrowers in the rural and semi-urban markets. These are small-ticket-size microfinance loans (Rs 20,000 to Rs 50,000) given under the Joint Liability Group (JLG) model and constituted 97% of the total portfolio as on 31 March 2020.