Join us as we delve into the inspiring story of Midland, a systemically important NBFC-MFI dedicated to empowering India's small income-generating individuals. Founded by Amardeep Singh Samra, Midland focuses on providing microcredit to women borrowers through a joint group liability (JLG) model.
Originally established in 1988 as Sajan Hire Purchase Private Limited, Midland transformed in 2011 under Mr. Samra's leadership. Today, with an impressive AUM of INR 2,543 Crores and a network of 436 branches across 14 states, Midland serves over 994,000 customers, with an average ticket size of INR 41,393.
In FY 2024, Midland achieved remarkable operating performance, generating a PAT of INR 94 Crores, a significant increase from INR 47 Crores in FY 2023. With a return on assets (RoA) of 3.13% and a net worth of INR 488 Crores, Midland continues to thrive in the microfinance sector, maintaining a GNPA of 2.97%. Recently rated A- [Stable] by Acuite Ratings, Midland is committed to making a positive impact in the community.
The Group is backed by reputed and marquee institutional PE / VC investors which includes ICICI bank, kitara Capital among other notable firms. Moreover, Group’s robust debt profile is reinforced through esteemed organizations like SBI, Kotak Mahindra Bank, IDFC First bank, ICICI bank, Oxyzo, Hinduja Leyland Finance and others.
Don’t miss this opportunity to learn more about Midland's journey and its role in transforming lives through microfinance!
Speaker Details:
Mr. Gopesh Gupta, Deputy Vice President (Accounts & Finance), Midland Microfin Ltd.
Host:
Mr. Abhijit Roy, CEO & Co Founder, GoldenPi
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Disclaimer: Investments in debt securities/ municipal debt securities/ securitised debt instruments are subject to risks including delay and/ or default in payment. Read all the offer related documents carefully. This video should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of GoldenPi or any product/services of its third party client(s).T&C's Apply.
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