- Business
- Mid East Portfolio Management Limited provides investment services primarily to non-resident Indians (NRIs) in India, offering portfolio management through discretionary and advisory schemes; new issue subscriptions including IPO applications on behalf of clients; stock broking, online trading facilities, and demat services with or without power of attorney; mutual fund investments encompassing investment, disinvestment, and evaluation; insurance products such as life insurance policies from ICICI Prudential, general, travel, and health insurance from ICICI Lombard; investments in government of India saving schemes; and NRI bonds including Resurgent India Bonds (RIB) and India Millennium Development Bonds. The company, founded in 1985 as Mideast Consultancy Private Limited and converted to a public limited company with an equity public issue in November 1993, is headquartered in Mumbai, India, at 1/203, Vishal Complex, Narsing Lane, Malad West, and maintains a strong NRI client base across more than 100 cities in 22 countries including Oman, UAE, Saudi Arabia, Bahrain, Kuwait, USA, Europe, and Singapore, with over 1,500 NRI/ex-NRI shareholders and power of attorney from more than 700 NRIs for managing bank, demat, and investment accounts. It operates in the capital markets and financial services sector, listed on the Bombay Stock Exchange under ticker MIDEASTP.BO, and recently experienced a significant reduction in promoter shareholding from 39.26% in September 2024 to 16.19% as of November 2025, including a 0.80% stake sale by promoter Jyoti Kishor Shah on September 9, 2025; scheduled its 34th annual general meeting for September 30, 2025; and reported robust financial performance with quarterly revenue growth exceeding 400% in recent periods through June 2025 alongside board meetings for results in November 2025.