Midland Microfin Limited

First Microfinance Institution
of the Region

10:36 AM Wednesday, 13 December 2017

1800 137 0600

Toll Free
* 9:30 AM to 5:30 PM

Midland Microfin Limited

First Microfinance Institution of the Region

1800 137 0600 Toll Free * 9:30 AM to 5:30 PM

About Us

  • Company


    Type of Organisation

    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 Midland Microfin Ltd is Rs 42 Crores. The Tier II Captial of the company as on September 30, 2017 is Rs 18.69 Crores and the Net Worth of the company as on date is Rs 40.71 Crores.

    Total Assets

    The value of Total Assets of Midland Microfin Ltd as on September 30, 2017 is Rs 287.63 Crore.

    Information Technology

    Keeping in line with its vision of being a technology savvy MFI, the company after studying different softwares in the industry,MML has tied up with ‘Jayam Solutions’ for a web based, centralised software solution.Jayam Solutions is a leading Software Solutions and Service provider in the Global market providing Business solutions.It is one of the best softwares for MFIs which takes care of complete processes of the microfinance business.Efimo is the latest version from Jayam Solutions. 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. Efimo is a scalable solution that allows the MFIs and Banks to continue to support their growing business requirements.

  • Governance


    Mr. Vijay Bhandari

    Chairman (Non-executive)
    Specialization : Banking, Finance, Administration
    Mr. Vijay Kumar Bhandari is a Fellow member of Institute of Chartered Accountants of India. He is a banker by profession and former General Manager of Central Bank of India. He has over 31 years of experience in Banking Industry in various capacities as Senior Internal Auditor, Branch Manager, Regional Manager and Zonal Manager. He held his last position as General Manager-In-Charge of Credit, Credit Monitoring, Treasury, Investment, Fund Management, Merchant Banking and International Banking division of Central Bank of India. He is also on the Board of Various renowned companies as an Independent Director.


    Mr. Amardeep Samra

    Promoter and Managing Director
    Specialization : Finance, Administration & Social Work

    Mr Amardeep Singh Samra is the Managing Director of Midland Microfin Ltd which is the first Punjab based Microfinance Institution and is one of the leading MFIs in the states of Punjab, Haryana and Rajasthan having more than two lakh fifty thousand members at present. He is passionate about microfinance, hence introduced this concept in Punjab & neighbouring states of Punjab and Northern Haryana & Rajasthan. He spearheads a highly experienced management team and with his professional and ethical approach, Midland Microfin Ltd has been able to become a major player in the area. In a short span of 6 year Midland Microfin has achieved exemplary landmarks including excellent asset quality.

     Mr. Samra has a specialization in Finance, Marketing and Administration. He has introduced various innovative ideas in the business, which helped it to grow manifold. He is the Co-ordinator of Punjab & Haryana Finance Co’s Association, the prestigious body of major NBFCs in North India.

    Socio-Economic Activities

    Amardeep Samra is a Director of The Nurmahal Co-op. Marketing cum Processing Society Ltd. Nurmahal, Distt. Jalandhar. He has tremendous interest in Photography and art. He takes part in regional and international photo exhibitions – Highlighted heritage buildings of Punjab through his photographs. He takes keen interest in sports activities & Architecture. Member of Photographic Society of America (PSA) and life member of Bombay Natural History Society (BNHS). Member of Young Presidents Organisation (YPO) Punjab Chapter, the world’s premium network of chief executives  


    Mr. Shant Kr. Gupta

    Independent Director
    Specialization : Industry, Administration & Social Work
    Mr. Shant Kr. Gupta, Post graduate in Economics and a businessman by profession is Chairman and Promoter of renowned ‘HAMCO GROUP’ engaged in Manufacturing and trading of Iron and Steel and Hand tools. He is a Director of S.R. Impex Ltd., Vill Dhogri, Jalandhar (Mfg of power cables). He is also very active on the social front and is Founder Chairman of ‘Hamco Charitable Trust’, an NGO involved in imparting free computer education to poor and needy students with an objective to bring them at par with their counterparts. More than 400 students have already been benefited through this Project.


    Mr. Harpal Singh

    Director
    Specialization : Finance and Accounts
    Mr. Harpal Singh is educated at St Helen’s College and John Lyon School Harrow and graduated from the University of East Anglia in Accounting and Law in the UK. He qualified as a Chartered Accountant with Grant Thornton. Subsequently Mr. Harpal Singh has worked as a Manager in the Investment Management, Assurance and Audit department of PricewaterhouseCoopers (PWC) in Los Angeles, California and London. He is a fourth generation NRI whose family has kept and continues to keep a keen and committed interest and involvement in the economic and social development of Punjab in particular and India in general. He is also a Member of the Institute of Chartered Accountants of England & Wales.


    Mr Janak Raj Gupta

    Director
    Specialization : Audit and Finance
    Mr. Janak Raj Gupta is a Fellow member of Institute of Chartered Accountants of India. He has a rich experience for carrying out the work of Manufacturing and Service Companies including Audit of Non-Banking Finance Companies governed by Reserve Bank of India.


    Ms. Kamna Raj Aggarwalla

    Independent Woman Director
    Specialization : Public Relation, Product Development and Marketting
    Mrs. Kamna Raj Aggarwalla is one of the youngest women entrepreneurs to pave way for GDPA Fasteners’ entry into exports as Managing Partner. She has a dynamic personality with a vast experience in corporate world and devotes a lot of time to social work also. Mrs. Aggarwalla is a Member of the Advisory Board to Government of Punjab for Small Scale Industries. She is also the Regional Chairperson of Northern Region Engineering Export Promotion Council of India. She is a past Chairperson of the Confederation of Indian Industry (CII), Punjab and is also the Member of the board of CII Northern Region. Apart from this, she is also Convener for Education and Skilling Panel of the Confederation of Indian Industry (CII), Punjab and is on Board to Punjab Technical University.
    Mrs. Aggarwalla is a Brilliant Orator and an excellent motivational speaker. She is a certified Empowerment Life Coach & Master Spirit Life Coach and also a founding member of Coach Grab services Pvt. Ltd. She is a member of District Child Welfare Council, Jalandhar. She is a founder of “Edumust” a non-profit NGO with the motive of providing conducive learning environment and state-of-the-art infrastructure in schools for rural and slum children. (An initiative on the lines of the ‘Smart School Programme’ of Government of India.). Four schools are in the Edumust ambit at present. She has set an example for many to follow.


    Mr. Sachin Kamath

    Director
    Specialization : Banking and Finance
    Mr. Kamath is an experienced Global Asset Manager with a stellar track record in managing multi-million dollar investment across geographies and asset classes. He is one of the founder members of Kitara Capital International Limited. He started his career in 1985 with ICICI Limited and completed his Chartered Accountancy in 1989. He has worked in various position in the field of investments for Paradigm Investments Pvt Ltd; BOI Mutual Fund and JV Gokal Group in India before he left to join Ajit Khimji Group of Companies in Oman as Chief Investment Officer. He has headed and managed the investment division of the group for over a decade involving turnover of assets above US$450 million across various asset classes and countries viz: US, UK, France, China, Middle East, Singapore and India.


  • Management


    Mr. Amitesh Kumar

    Chief Financial Officer, Executive Vice President-Operations
    Qualification : B.Sc. (Horticulture), MBA (Agri-Business and Rural Management)
    Amitesh Kumar is a Horticulture graduate from Dr Y S Parmar University of Horticulture & Forestry (H.P) and holds an MBA degree in Rural Marketing and Agri-business Management with a specialization in Marketing and Microfinance from Institute of Agri-Business Management, Bikaner, Rajasthan. Before joining Midland Microfin Ltd, he worked with Hyderabad Based SKS Microfinance as an area Manager for three years where he initiated operations in western U.P, Delhi-NCR, Punjab and Haryana State based on the Grameen Model and trained & developed workforce at middle level management. Amitesh Kumar has played a vital role in accelerating the JLG movement in several parts of Punjab, Haryana as well as Delhi (NCR). He is a socially oriented Micro-finance professional having 7 years of diversified experience with expertise in Fund Raising, Brand Development, Positioning and Promotion, leading and managing Client Relationships along with a vast research experience. His leadership skills are admirable and he believes in promoting a friendly but professional environment, based on a foundation of strong values and company’s Philosophy. His passion for creating positivity and productivity within the organization and among all staff of MML is also commendable.

    Presently he is overall incharge of Operations and finance Department in MML. He is Responsible for the management of the core operations, Business Development within the laid down norms and procedures with special focus on Credit Risk Management. Since inception of company in Jan 2011, he has been instrumental in setting up and implementing Strategic goals of the institution.


    Mr. Gagan Deep Sharma

    AVP- Legal & Audit
    Qualification : B.Com. CA Inter, LLB
    He has worked as Income Tax consultant for 7 years. In addition, he also has got 8 years of experience in the audit of various NBFCs. He joined MML at the start of operations in Dec 2010. With his vast knowledge and experience of 16 years he has contributed towards developing a strict internal control system in the company. He has taken initiatives to, establish standardized Audit systems and processes, and provided strategic mentoring and intensive, operational hand-holding support to Audit team.


    Ms. Anjali Jindal

    Manager – Human Resource
    Qualification : B.Sc.(Hons.) Maths,PGDCA
    Ms. Anjali has over 7 years of experience in Human Resource field. He is a seasoned professional and has got experience in setting up the Human Resources Systems, engineering and re-engineering of the processes.

    A postgraduate diploma in computer application, she is recognized as a consistently high performing, business-oriented leader with the ability to build and execute HR Strategies for results, build teams and ably manage all HR functions along with her highly motivated team. She has also worked as Admin Head with Dream Weavers for 2 years. Prior to that she had been working with OZZY consultants as a Director for 2 years. She has been instrumental in the structuring of recruitment, training, placement and reporting programs in Midland.

    Ms. Sonia Dua

    CS & Manager Compliance
    Qualification : B.Com, ACS
    She occupies a vast experience of more than 4 years in her stream and was earlier associated with AEZ Group one of the Renowned Real Estate group in Delhi and Mother’s Pride Group which is a kindergarten Chain operating all over Delhi and in other states of North India. She has an experience of handling all sort Secretarial compliances. She is responsible for overseeing Corporate Compliance Program and ensures that organization is in compliance with rules and regulations of regulating agencies and that behavior in the organization meets the company’s standards of conduct.

  • Partners


    Equity Partners

    SIDBISIDBI (www.sidbi.com) Small Industries Development Bank of India to be the principal financial institution for the promotion, financing and development of industry. It is a funding partner of MML. It has sanctioned Rs. 3.00 crores into Midland Microfin Ltd. through its IME Fund out of which Rs. 1.00 crores is as equity and Rs. 2.00 crores is as OCPS.

     

    Insurance Partners

    Kotak InsuranceKotak Mahindra Old Mutual Life Insurance Limited:
    Kotak Mahindra Old Mutual Life Insurance Ltd is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates, and Old Mutual. Kotak Mahindra is one of India’s leading banking and financial services organizations, offering a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. Midland Microfin has tied up with Kotak Mahindra Old Mutual Life Insurance Limited for credit insurance services for their borrowers.

    ICICI-Pru

    ICICI Prudential Life Insurance Company:

    ICICI Prudential Life Insurance Company (ICICI Prudential Life) is a joint venture between ICICI Bank Ltd., India’s largest private sector bank, and Prudential plc, a leading international financial services group headquartered in the United Kingdom. It is providing credit insurance services to Midland Microfin Lmited since 2012.

    Rating Partners

    CARECARE:

    CARE (www.careratings.com) has established itself as the second-largest credit rating agency in India. CARE Ratings is a rating partner of MML. CARE has assigned “MFI 2” (two) MFI Grading to Midland Microfin Ltd in 2015.

     

     

    SMERASMERA:

    SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India. SMERA commenced its operations in 2005 as an exclusive credit rating agency for Micro, Small and Medium Enterprises (MSME) sector in the country. Within a span of 10 years, SMERA has assigned ratings to over 34676 MSMEs pan India. SMERA assigns “COCA 3″ (above Average level of Adherence) to Midland Microfin Ltd.

    Brickworks

    Brickwork Ratings

    Brickwork Ratings, a SEBI, RBI & NSIC registered credit rating agency offers Bank Loan, NCD, Commercial paper, MSME ratings and other grading services. Brickwork has presence in Bengaluru, New Delhi, Mumbai, Chennai, Hyderabad, Kolkata, Ahmedabad, Guwahati as well as 50 other cities in India. Brickwork Ratings has assigned ‘BBB’ rating to Midland Microfin Ltd. in 2015.

    Technical Partners

    JayamJayam:

    Jayam Solutions is a leading Software Solutions and Service provider in the Global market providing Business solutions and High-End Technology based services to its customers with On-site, Off-site and Off-shore development models. Being a technical partner of Midland Microfin Ltd, they are providing us the technical services..

     

    JayamEsthenos:

    eSthenos is Bengaluru based an efficient & customer centric fin-tech platform dedicated to NBFCs, Banks, MFIs and FIs. eSthenos offers ‘designed by users’ CRM, Loan Origination System, Loan Management System, Business Intelligence & Analytics tool which are highly scalable & customisable by design and enables User’s to achieve high productivity in terms of business numbers and thus reduces cost of acquisition by a substantial margin

     

    Credit Bureau

    High-MarkHigh Mark :

    High Mark (Email : info@highmark.in) Founded in 2007 and Licensed by The Reserve Bank of India (RBI) in late 2010; High Mark is India’s Newest and Fastest Growing Credit Bureau. Midland Microfin is a member of High Mark (Credit Bureau) and sharing its customer data base with High Mark & is receiving the credit services.

    EquiFax
    EquiFax:

    EquiFax (Email: ecissupport@equifaxindia.com) Equifax India is registered as Equifax Credit Information Services Private Limited (ECIS). It aims to provide a broad range of solutions related to credit information, business analytics and risk management for our clients, across India. Midland Microfin is a member of EquiFax since 2013.

    ExperianExperian:

    Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft. Midland Microfin is the member of Experian and is receiving the credit services.

    CIBILCIBIL:

    Credit Information Bureau (India) Limited or CIBIL is a Credit Information Company (CIC) founded in August 2000. Post Inception, we have played a critical role in India’s financial system. Whether it is to help loan providers manage their business or help consumers secure credit faster and at better terms, the use of CIBIL’s products have led to a massive change in the way the credit life cycle is managed by both loan providers and consumers.
    CIBIL collects and maintains records of an individual‘s payments pertaining to loans and credit cards. These records are submitted to CIBIL by banks and other lenders, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to lenders in order to help evaluate and approve loan applications.

    Self Regulatory Organizations

    Sa-DhanSa-Dhan:

    Sa-Dhan has been doing pioneer work in the sphere of Code of Conduct, reporting on both financial and non-financial parameters, Grievance Redressal Mechanism, state level mechanism for reaching out to the ground level engagement with important stakeholders. Sa-Dhan policy engagement with RBI DNBS brought a significant understanding on the amount of work the microfinance sector has done to improve the practices in the field. Midland Microfin Limited has received associate membership of Sa-Dhan (SRO) in April 2015

    MFINMFIN:

    MFIN is the first Self-Regulatory Organisation (SRO) in the financial services sector recognized by the RBI and regulates NBFC-MFIs to ensure responsible lending and client protection. MFIN works closely with other key stakeholders and plays an active part in the larger financial inclusions dialogue through the medium of microfinance.As a SRO, MFIN Members adhere to a framework comprising of external (RBI’s Fair practices code) and internal (industry Code of Conduct) to ensure responsible and transparent business practices. Midland Microfin Ltd has received the membership of MFIN in January 2016.

    Debt Funding Partners

    MASMas Financial Services Ltd:

    Mas Financial Services Ltd (www.mas.co.in) is a specialized financing organization engaged in financial services since 1992, registered with Reserve Bank of India as an NBFC. It is also an active partner of MML. It is providing financial support to MML in form of Debt Funds.

     

    IDBI-Bank
    IDBI Bank:

    IDBI Bank Limited is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. It became a funding partner of MML and provides financial support.

    IFMR

    IFMR:

    IFMR Capital is a leading A+/A1+ non-banking finance corporation providing the crucial link between debt capital markets and high quality Originators who reach the emerging consumer and business owner. Using its deep experience, unrivalled data, proven and proprietary risk management processes, IFMR Capital continues to deliver superior risk-adjusted returns to a growing client base of Indian and international investors keen to tap into a growing market opportunity.
    Founded in 2008 and headquartered in Chennai, Tamil Nadu, IFMR Capital is part of the IFMR Trust group of companies, which were specifically created to drive financial inclusion in India. The Company connects high quality Originators in order for them to deepen their presence and provide access to financial services to millions of financially excluded sectors and financially excluded households.

    Bank of Maharashtra

    Bank of Maharashtra:

    Bank of Maharashtra is a major public sector bank in India. Government of India holds 81.2% of the total shares. The bank has 15 million customers across the length and breadth of the country served through more than 1868 branches. It has largest network of branches by any public sector bank in the state of Maharashtra. It became a funding partner of MML and provides financial support.

    DCB-Bank

    DCB Bank

    DCB Bank is a modern emerging new generation private sector bank with 160 branches across 17 states and 2 union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India. It is professionally managed and governed. DCB Bank has contemporary technology and infrastructure including state of the art internet banking for personal as well as business banking customers. It became a funding partner of MML and provides financial support.

    UCO-Bank

    UCO Bank

    Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy – Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 2500 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth. Having extended the financial assistance to the company UCO bank has become the funding partner of Midland Microfin Ltd.

    RELIANCE

    Reliance

    Reliance Capital, a constituent of CNX Nifty Junior and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India’s leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds; life and general insurance; commercial finance; equities and commodities broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
    Reliance Mutual Fund is amongst top Mutual Funds in India with over six million investor folios. Reliance Life Insurance and Reliance General Insurance are amongst the leading private sector insurers in India. Reliance Securities is one of India’s leading retail broking houses. Reliance Money is one of India’s leading distributors of financial products and services.

    Network Organization

    HULHUL:

    Hindustan Unilever Limited (HUL) is India’s largest Fast Moving Consumer Goods Company with a heritage of over 80 years in India and touches the lives of two out of three Indians.
    MML and HUL therefore have collaborated to further the cause of prevention of water borne diseases among the poor households through awareness about the use of safe drinking water and particularly enabling poor households to purchase Pureit water purifiers with the help of Loan.

    Rita_Logo

    Rita Machines India Pvt. Ltd.

    With inception in 1951, Rita Machines India Pvt. Ltd. today is endeavored to design and deliver high speed sewing machines, catering the professional needs of its valuable clients. Market presence and vast experience of 61 years has made it possible, enabling Rita Machines to cater its clientele with Umbrella Round Arm, Umbrella Square Arm, Overlock Leather Stitching, Zig- Zag Sewing Machine, Bag Closer Machine easily. Midland Microfin Limited collaborated with Rita Machines India Pvt. Ltd. to provide the sewing machines at lower prices and at easy installments to the members.

    AIESECAIESEC:

    AIESEC is a global platform for young people to explore and develop their leadership potential. It is non-political, independent, not-for-profit organization run by students and recent graduates of institutions of higher education. Midland Microfin ltd. has joined hands with AIESEC and has given field exposure to many of the Students from AIESEC.

    ASSOCHAMASSOCHAM:

    ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. Having in its fold more than 400 Chambers and Trade Associations, and serving more than 4,50,000 members from all over India. It has witnessed upswings as well as upheavals of Indian Economy, and contributed significantly by playing a catalytic role in shaping up the Trade, Commerce and Industrial environment of the country.

Company


Type of Organisation

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 Midland Microfin Ltd is Rs 42 Crores. The Tier II Captial of the company as on September 30, 2017 is Rs 18.69 Crores and the Net Worth of the company as on date is Rs 40.71 Crores.

Total Assets

The value of Total Assets of Midland Microfin Ltd as on September 30, 2017 is Rs 287.63 Crore.

Information Technology

Keeping in line with its vision of being a technology savvy MFI, the company after studying different softwares in the industry,MML has tied up with ‘Jayam Solutions’ for a web based, centralised software solution.Jayam Solutions is a leading Software Solutions and Service provider in the Global market providing Business solutions.It is one of the best softwares for MFIs which takes care of complete processes of the microfinance business.Efimo is the latest version from Jayam Solutions. 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. Efimo is a scalable solution that allows the MFIs and Banks to continue to support their growing business requirements.

Governance


Mr. Vijay Bhandari

Chairman (Non-executive)
Specialization : Banking, Finance, Administration
Mr. Vijay Kumar Bhandari is a Fellow member of Institute of Chartered Accountants of India. He is a banker by profession and former General Manager of Central Bank of India. He has over 31 years of experience in Banking Industry in various capacities as Senior Internal Auditor, Branch Manager, Regional Manager and Zonal Manager. He held his last position as General Manager-In-Charge of Credit, Credit Monitoring, Treasury, Investment, Fund Management, Merchant Banking and International Banking division of Central Bank of India. He is also on the Board of Various renowned companies as an Independent Director.


Mr. Amardeep Samra

Promoter and Managing Director
Specialization : Finance, Administration & Social Work

Mr Amardeep Singh Samra is the Managing Director of Midland Microfin Ltd which is the first Punjab based Microfinance Institution and is one of the leading MFIs in the states of Punjab, Haryana and Rajasthan having more than two lakh fifty thousand members at present. He is passionate about microfinance, hence introduced this concept in Punjab & neighbouring states of Punjab and Northern Haryana & Rajasthan. He spearheads a highly experienced management team and with his professional and ethical approach, Midland Microfin Ltd has been able to become a major player in the area. In a short span of 6 year Midland Microfin has achieved exemplary landmarks including excellent asset quality.

 Mr. Samra has a specialization in Finance, Marketing and Administration. He has introduced various innovative ideas in the business, which helped it to grow manifold. He is the Co-ordinator of Punjab & Haryana Finance Co’s Association, the prestigious body of major NBFCs in North India.

Socio-Economic Activities

Amardeep Samra is a Director of The Nurmahal Co-op. Marketing cum Processing Society Ltd. Nurmahal, Distt. Jalandhar. He has tremendous interest in Photography and art. He takes part in regional and international photo exhibitions – Highlighted heritage buildings of Punjab through his photographs. He takes keen interest in sports activities & Architecture. Member of Photographic Society of America (PSA) and life member of Bombay Natural History Society (BNHS). Member of Young Presidents Organisation (YPO) Punjab Chapter, the world’s premium network of chief executives  


Mr. Shant Kr. Gupta

Independent Director
Specialization : Industry, Administration & Social Work
Mr. Shant Kr. Gupta, Post graduate in Economics and a businessman by profession is Chairman and Promoter of renowned ‘HAMCO GROUP’ engaged in Manufacturing and trading of Iron and Steel and Hand tools. He is a Director of S.R. Impex Ltd., Vill Dhogri, Jalandhar (Mfg of power cables). He is also very active on the social front and is Founder Chairman of ‘Hamco Charitable Trust’, an NGO involved in imparting free computer education to poor and needy students with an objective to bring them at par with their counterparts. More than 400 students have already been benefited through this Project.


Mr. Harpal Singh

Director
Specialization : Finance and Accounts
Mr. Harpal Singh is educated at St Helen’s College and John Lyon School Harrow and graduated from the University of East Anglia in Accounting and Law in the UK. He qualified as a Chartered Accountant with Grant Thornton. Subsequently Mr. Harpal Singh has worked as a Manager in the Investment Management, Assurance and Audit department of PricewaterhouseCoopers (PWC) in Los Angeles, California and London. He is a fourth generation NRI whose family has kept and continues to keep a keen and committed interest and involvement in the economic and social development of Punjab in particular and India in general. He is also a Member of the Institute of Chartered Accountants of England & Wales.


Mr Janak Raj Gupta

Director
Specialization : Audit and Finance
Mr. Janak Raj Gupta is a Fellow member of Institute of Chartered Accountants of India. He has a rich experience for carrying out the work of Manufacturing and Service Companies including Audit of Non-Banking Finance Companies governed by Reserve Bank of India.


Ms. Kamna Raj Aggarwalla

Independent Woman Director
Specialization : Public Relation, Product Development and Marketting
Mrs. Kamna Raj Aggarwalla is one of the youngest women entrepreneurs to pave way for GDPA Fasteners’ entry into exports as Managing Partner. She has a dynamic personality with a vast experience in corporate world and devotes a lot of time to social work also. Mrs. Aggarwalla is a Member of the Advisory Board to Government of Punjab for Small Scale Industries. She is also the Regional Chairperson of Northern Region Engineering Export Promotion Council of India. She is a past Chairperson of the Confederation of Indian Industry (CII), Punjab and is also the Member of the board of CII Northern Region. Apart from this, she is also Convener for Education and Skilling Panel of the Confederation of Indian Industry (CII), Punjab and is on Board to Punjab Technical University.
Mrs. Aggarwalla is a Brilliant Orator and an excellent motivational speaker. She is a certified Empowerment Life Coach & Master Spirit Life Coach and also a founding member of Coach Grab services Pvt. Ltd. She is a member of District Child Welfare Council, Jalandhar. She is a founder of “Edumust” a non-profit NGO with the motive of providing conducive learning environment and state-of-the-art infrastructure in schools for rural and slum children. (An initiative on the lines of the ‘Smart School Programme’ of Government of India.). Four schools are in the Edumust ambit at present. She has set an example for many to follow.


Mr. Sachin Kamath

Director
Specialization : Banking and Finance
Mr. Kamath is an experienced Global Asset Manager with a stellar track record in managing multi-million dollar investment across geographies and asset classes. He is one of the founder members of Kitara Capital International Limited. He started his career in 1985 with ICICI Limited and completed his Chartered Accountancy in 1989. He has worked in various position in the field of investments for Paradigm Investments Pvt Ltd; BOI Mutual Fund and JV Gokal Group in India before he left to join Ajit Khimji Group of Companies in Oman as Chief Investment Officer. He has headed and managed the investment division of the group for over a decade involving turnover of assets above US$450 million across various asset classes and countries viz: US, UK, France, China, Middle East, Singapore and India.


Management


Mr. Amitesh Kumar

Chief Financial Officer, Executive Vice President-Operations
Qualification : B.Sc. (Horticulture), MBA (Agri-Business and Rural Management)
Amitesh Kumar is a Horticulture graduate from Dr Y S Parmar University of Horticulture & Forestry (H.P) and holds an MBA degree in Rural Marketing and Agri-business Management with a specialization in Marketing and Microfinance from Institute of Agri-Business Management, Bikaner, Rajasthan. Before joining Midland Microfin Ltd, he worked with Hyderabad Based SKS Microfinance as an area Manager for three years where he initiated operations in western U.P, Delhi-NCR, Punjab and Haryana State based on the Grameen Model and trained & developed workforce at middle level management. Amitesh Kumar has played a vital role in accelerating the JLG movement in several parts of Punjab, Haryana as well as Delhi (NCR). He is a socially oriented Micro-finance professional having 7 years of diversified experience with expertise in Fund Raising, Brand Development, Positioning and Promotion, leading and managing Client Relationships along with a vast research experience. His leadership skills are admirable and he believes in promoting a friendly but professional environment, based on a foundation of strong values and company’s Philosophy. His passion for creating positivity and productivity within the organization and among all staff of MML is also commendable.

Presently he is overall incharge of Operations and finance Department in MML. He is Responsible for the management of the core operations, Business Development within the laid down norms and procedures with special focus on Credit Risk Management. Since inception of company in Jan 2011, he has been instrumental in setting up and implementing Strategic goals of the institution.


Mr. Gagan Deep Sharma

AVP- Legal & Audit
Qualification : B.Com. CA Inter, LLB
He has worked as Income Tax consultant for 7 years. In addition, he also has got 8 years of experience in the audit of various NBFCs. He joined MML at the start of operations in Dec 2010. With his vast knowledge and experience of 16 years he has contributed towards developing a strict internal control system in the company. He has taken initiatives to, establish standardized Audit systems and processes, and provided strategic mentoring and intensive, operational hand-holding support to Audit team.


Ms. Anjali Jindal

Manager – Human Resource
Qualification : B.Sc.(Hons.) Maths,PGDCA
Ms. Anjali has over 7 years of experience in Human Resource field. He is a seasoned professional and has got experience in setting up the Human Resources Systems, engineering and re-engineering of the processes.

A postgraduate diploma in computer application, she is recognized as a consistently high performing, business-oriented leader with the ability to build and execute HR Strategies for results, build teams and ably manage all HR functions along with her highly motivated team. She has also worked as Admin Head with Dream Weavers for 2 years. Prior to that she had been working with OZZY consultants as a Director for 2 years. She has been instrumental in the structuring of recruitment, training, placement and reporting programs in Midland.

Ms. Sonia Dua

CS & Manager Compliance
Qualification : B.Com, ACS
She occupies a vast experience of more than 4 years in her stream and was earlier associated with AEZ Group one of the Renowned Real Estate group in Delhi and Mother’s Pride Group which is a kindergarten Chain operating all over Delhi and in other states of North India. She has an experience of handling all sort Secretarial compliances. She is responsible for overseeing Corporate Compliance Program and ensures that organization is in compliance with rules and regulations of regulating agencies and that behavior in the organization meets the company’s standards of conduct.

Partners


Equity Partners

SIDBISIDBI (www.sidbi.com) Small Industries Development Bank of India to be the principal financial institution for the promotion, financing and development of industry. It is a funding partner of MML. It has sanctioned Rs. 3.00 crores into Midland Microfin Ltd. through its IME Fund out of which Rs. 1.00 crores is as equity and Rs. 2.00 crores is as OCPS.

 

Insurance Partners

Kotak InsuranceKotak Mahindra Old Mutual Life Insurance Limited:
Kotak Mahindra Old Mutual Life Insurance Ltd is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates, and Old Mutual. Kotak Mahindra is one of India’s leading banking and financial services organizations, offering a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. Midland Microfin has tied up with Kotak Mahindra Old Mutual Life Insurance Limited for credit insurance services for their borrowers.

ICICI-Pru

ICICI Prudential Life Insurance Company:

ICICI Prudential Life Insurance Company (ICICI Prudential Life) is a joint venture between ICICI Bank Ltd., India’s largest private sector bank, and Prudential plc, a leading international financial services group headquartered in the United Kingdom. It is providing credit insurance services to Midland Microfin Lmited since 2012.

Rating Partners

CARECARE:

CARE (www.careratings.com) has established itself as the second-largest credit rating agency in India. CARE Ratings is a rating partner of MML. CARE has assigned “MFI 2” (two) MFI Grading to Midland Microfin Ltd in 2015.

 

 

SMERASMERA:

SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India. SMERA commenced its operations in 2005 as an exclusive credit rating agency for Micro, Small and Medium Enterprises (MSME) sector in the country. Within a span of 10 years, SMERA has assigned ratings to over 34676 MSMEs pan India. SMERA assigns “COCA 3″ (above Average level of Adherence) to Midland Microfin Ltd.

Brickworks

Brickwork Ratings

Brickwork Ratings, a SEBI, RBI & NSIC registered credit rating agency offers Bank Loan, NCD, Commercial paper, MSME ratings and other grading services. Brickwork has presence in Bengaluru, New Delhi, Mumbai, Chennai, Hyderabad, Kolkata, Ahmedabad, Guwahati as well as 50 other cities in India. Brickwork Ratings has assigned ‘BBB’ rating to Midland Microfin Ltd. in 2015.

Technical Partners

JayamJayam:

Jayam Solutions is a leading Software Solutions and Service provider in the Global market providing Business solutions and High-End Technology based services to its customers with On-site, Off-site and Off-shore development models. Being a technical partner of Midland Microfin Ltd, they are providing us the technical services..

 

JayamEsthenos:

eSthenos is Bengaluru based an efficient & customer centric fin-tech platform dedicated to NBFCs, Banks, MFIs and FIs. eSthenos offers ‘designed by users’ CRM, Loan Origination System, Loan Management System, Business Intelligence & Analytics tool which are highly scalable & customisable by design and enables User’s to achieve high productivity in terms of business numbers and thus reduces cost of acquisition by a substantial margin

 

Credit Bureau

High-MarkHigh Mark :

High Mark (Email : info@highmark.in) Founded in 2007 and Licensed by The Reserve Bank of India (RBI) in late 2010; High Mark is India’s Newest and Fastest Growing Credit Bureau. Midland Microfin is a member of High Mark (Credit Bureau) and sharing its customer data base with High Mark & is receiving the credit services.

EquiFax
EquiFax:

EquiFax (Email: ecissupport@equifaxindia.com) Equifax India is registered as Equifax Credit Information Services Private Limited (ECIS). It aims to provide a broad range of solutions related to credit information, business analytics and risk management for our clients, across India. Midland Microfin is a member of EquiFax since 2013.

ExperianExperian:

Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft. Midland Microfin is the member of Experian and is receiving the credit services.

CIBILCIBIL:

Credit Information Bureau (India) Limited or CIBIL is a Credit Information Company (CIC) founded in August 2000. Post Inception, we have played a critical role in India’s financial system. Whether it is to help loan providers manage their business or help consumers secure credit faster and at better terms, the use of CIBIL’s products have led to a massive change in the way the credit life cycle is managed by both loan providers and consumers.
CIBIL collects and maintains records of an individual‘s payments pertaining to loans and credit cards. These records are submitted to CIBIL by banks and other lenders, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to lenders in order to help evaluate and approve loan applications.

Self Regulatory Organizations

Sa-DhanSa-Dhan:

Sa-Dhan has been doing pioneer work in the sphere of Code of Conduct, reporting on both financial and non-financial parameters, Grievance Redressal Mechanism, state level mechanism for reaching out to the ground level engagement with important stakeholders. Sa-Dhan policy engagement with RBI DNBS brought a significant understanding on the amount of work the microfinance sector has done to improve the practices in the field. Midland Microfin Limited has received associate membership of Sa-Dhan (SRO) in April 2015

MFINMFIN:

MFIN is the first Self-Regulatory Organisation (SRO) in the financial services sector recognized by the RBI and regulates NBFC-MFIs to ensure responsible lending and client protection. MFIN works closely with other key stakeholders and plays an active part in the larger financial inclusions dialogue through the medium of microfinance.As a SRO, MFIN Members adhere to a framework comprising of external (RBI’s Fair practices code) and internal (industry Code of Conduct) to ensure responsible and transparent business practices. Midland Microfin Ltd has received the membership of MFIN in January 2016.

Debt Funding Partners

MASMas Financial Services Ltd:

Mas Financial Services Ltd (www.mas.co.in) is a specialized financing organization engaged in financial services since 1992, registered with Reserve Bank of India as an NBFC. It is also an active partner of MML. It is providing financial support to MML in form of Debt Funds.

 

IDBI-Bank
IDBI Bank:

IDBI Bank Limited is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. It became a funding partner of MML and provides financial support.

IFMR

IFMR:

IFMR Capital is a leading A+/A1+ non-banking finance corporation providing the crucial link between debt capital markets and high quality Originators who reach the emerging consumer and business owner. Using its deep experience, unrivalled data, proven and proprietary risk management processes, IFMR Capital continues to deliver superior risk-adjusted returns to a growing client base of Indian and international investors keen to tap into a growing market opportunity.
Founded in 2008 and headquartered in Chennai, Tamil Nadu, IFMR Capital is part of the IFMR Trust group of companies, which were specifically created to drive financial inclusion in India. The Company connects high quality Originators in order for them to deepen their presence and provide access to financial services to millions of financially excluded sectors and financially excluded households.

Bank of Maharashtra

Bank of Maharashtra:

Bank of Maharashtra is a major public sector bank in India. Government of India holds 81.2% of the total shares. The bank has 15 million customers across the length and breadth of the country served through more than 1868 branches. It has largest network of branches by any public sector bank in the state of Maharashtra. It became a funding partner of MML and provides financial support.

DCB-Bank

DCB Bank

DCB Bank is a modern emerging new generation private sector bank with 160 branches across 17 states and 2 union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India. It is professionally managed and governed. DCB Bank has contemporary technology and infrastructure including state of the art internet banking for personal as well as business banking customers. It became a funding partner of MML and provides financial support.

UCO-Bank

UCO Bank

Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy – Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 2500 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth. Having extended the financial assistance to the company UCO bank has become the funding partner of Midland Microfin Ltd.

RELIANCE

Reliance

Reliance Capital, a constituent of CNX Nifty Junior and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India’s leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds; life and general insurance; commercial finance; equities and commodities broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
Reliance Mutual Fund is amongst top Mutual Funds in India with over six million investor folios. Reliance Life Insurance and Reliance General Insurance are amongst the leading private sector insurers in India. Reliance Securities is one of India’s leading retail broking houses. Reliance Money is one of India’s leading distributors of financial products and services.

Network Organization

HULHUL:

Hindustan Unilever Limited (HUL) is India’s largest Fast Moving Consumer Goods Company with a heritage of over 80 years in India and touches the lives of two out of three Indians.
MML and HUL therefore have collaborated to further the cause of prevention of water borne diseases among the poor households through awareness about the use of safe drinking water and particularly enabling poor households to purchase Pureit water purifiers with the help of Loan.

Rita_Logo

Rita Machines India Pvt. Ltd.

With inception in 1951, Rita Machines India Pvt. Ltd. today is endeavored to design and deliver high speed sewing machines, catering the professional needs of its valuable clients. Market presence and vast experience of 61 years has made it possible, enabling Rita Machines to cater its clientele with Umbrella Round Arm, Umbrella Square Arm, Overlock Leather Stitching, Zig- Zag Sewing Machine, Bag Closer Machine easily. Midland Microfin Limited collaborated with Rita Machines India Pvt. Ltd. to provide the sewing machines at lower prices and at easy installments to the members.

AIESECAIESEC:

AIESEC is a global platform for young people to explore and develop their leadership potential. It is non-political, independent, not-for-profit organization run by students and recent graduates of institutions of higher education. Midland Microfin ltd. has joined hands with AIESEC and has given field exposure to many of the Students from AIESEC.

ASSOCHAMASSOCHAM:

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. Having in its fold more than 400 Chambers and Trade Associations, and serving more than 4,50,000 members from all over India. It has witnessed upswings as well as upheavals of Indian Economy, and contributed significantly by playing a catalytic role in shaping up the Trade, Commerce and Industrial environment of the country.

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