One of the leading Agri-logistics solutions group, Sohan Lal Commodity Management (SLCM) has been conferred with India’s agriculture/agro logistics company of the year by Frost & Sullivan.
The felicitation was to signify the exemplary work by SLCM in the field of agri logistics portraying superior leadership, technological innovation, corporate governance, customer service and strategic product development.
While receiving the award, Sandeep Sabharwal, CEO, SLCM Group said, “We are proud to be recognised for our work in this field. Agriculture is one of the key areas, which needs to evolve and to be brought at par with other sectors. We have to realise the potential this sector has and the manner in which technology can lead it to an exponential growth. At SLCM, that is exactly what we have been trying to do since inception.”
“I am glad that our efforts are being recognised because it signifies that the industry understands the change that needs to be brought with process driven warehousing,” Sabharwal added.
Congratulating SLCM, Isha Gambhir, Research Analyst, Best Practices, Frost & Sullivan said, “SLCM Group is one of the earliest private sector companies providing integrated supply chain services and allied solutions to the agricultural sector in India. Through advanced working processes and technology ranging from scientific warehousing process, centralised MIS, bar coded storage receipts, constant check on moisture levels through stock audits, the company has successfully addressed the long standing issue of wastage due to inefficient storage practices.”
SLCM has systematically transformed itself and has come a long way expanding its service offerings and consistently expanding its client portfolio, raising revenues phenomenally.
The company works with 200 brokers and more than 3,000 clients and has strong relations with traders, processors, PSUs and corporate houses. With its network of warehouses and cold storage spread over an area of 9.49 million sq. ft. across India, exponential growth in loan disbursements and expansion plans, the company is likely to grow strongly in the future and continue being the most popular and preferred Logistics Service Provider (LSP) within the agricultural sector in this country.
SLCM has constantly focused on scientific warehousing in its operations in its network of 760 warehouses. It manages 157 commodities currently and has entered the cold chain vertical as well by handling perishable commodities like potato and cardamom.
SLCM’s in-house SOP Agri Reach has been the key feature, which has led to a display of tremendous capabilities in reducing post harvest wastage to 0.5 percent from 10 percent at the industry level.Further, It has ventured into agri-financing through wholly owned subsidiary Kissandhan last fiscal and has disbursed about Rs 250 crore so far. SLCM also established a subsidiary in Myanmar, SLCM Ltd., which provides collateral management services in the country. SLCM also has plans to penetrate in Africa for collateral management with its first destination being Malawi.