It's more of a combination of two Sanskrit words. Mridu means soft and Lata means a creeper or a vine. So basically it means something like a fragile branch, something that is easily breakable.
@Lata, I see. Another meaning could be someone who softly creeps. Sounds like a destiny of being the next top Thief Mastermind. Or maybe a soft, fuzzy plant people like to pet when feeling stressed. Is it of a Middle Eastern language?
@Monos D.O.A, I had never thought of those two interperetrations. Yeah, it could be thought like that. More like Indian subcontinent. It is really ancient language.