Midland Microfin Ltd

About Midland Microfin Ltd

Midland Microfin Ltd is an ‘NBFC-MFI’ registered with the Reserve Bank of India (RBI registration No. B-06.00458) having Head Office at Jalandhar, Punjab to deal in microfinance in India.

Net Worth

The present Authorised Share Capital of the Midland Microfin is Rs. 12 crores. The Tier-II Capital of the Company as on December 31, 2014 is Rs 4.47 Crores. The Net Worth of the Company as on December 31, 2014 is Rs 7.87 Crores.

Total Assets

The total assets of Midland Microfin are at Rs 66.79 Crores as on date December 31, 2014. Total assets are projected to be increased to Rs 79.60 crores on March 31, 2015 and Rs.169.44 crores as on March 31, 2016 with the equity and debt sourcing from financial Institutions and promoters.

Information Technology

Keeping in line with its vision of being a technology savvy MFI, the company after studying different softwares in the industry, from day one MML has tied up with ‘Craft Silicon’ for a web based, centralised software solution, Bankers Realm.net. It is one of the best softwares for MFIs which takes care of complete processes of the microfinance business. Bankers Realm.NET (BR.NET) is the latest version from Craft Silicon. It is designed to handle large volume of accounts and transactions. It is equipped with customizable modules, menu driven interface, rich parameters van run on any standard browser. BR.Net is a scalable solution that allows the MFIs and Banks to continue to support their growing business requirements. BR.Net supports clustering on application & database level. Built using the latest technology, Bankers Realm is capable of addressing the new age architecture.

Vision

To be a world class, role model, techno savvy international Micro Finance Institution providing support to poverty stricken at low cost.

Mission

To encourage micro enterprise as source of sustainable livelihood, by providing financial services with the help of technology.