Agriculture

SLCM expands agri finance vertical Kissandhan

Scientific warehousing will be the game changer for agriculture and service providers would manage crops anywhere irrespective of infrastructurern
SLCM expands agri finance vertical Kissandhan

After creating a dominant position in the field of Agri-Logistics, Delhi based Agri-logistics solutions group, Sohan Lal Commodity Management (SLCM) has moved in forward integration of the supply chain line with its wholly owned agri-financing vertical Kissandhan. The company has so far disbursed more than Rs 130 crore of loans against various crops to multiple clients in just 8 months of operations.

“Gauging the future demand and constantly innovating agri logistics chain, the group plans to expand forward integration under its wholly owned NBFC in India, christened as Kissandhan. We have changed the paradigm of collateral financing by financing across diversified agri products whilst being agnostic to balance sheet of the borrower yet complying with the prudential norms of RBI,” Sandeep Sabharwal, Group CEO, SLCM said on the sidelines of an award function here.

The company was recently felicitated as the Emerging Warehousing Company at the 4th International Convention 2015 organized by Commodity Participants Association of India (CPAI) in New Delhi. The Group has won four awards this year for its exemplary work in the field of Agri-Logistics. SLCM manages a network of 740 warehouses and 15 cold storages throughout India. In Delhi NCR alone, the company is being managing 52 warehouses with a capacity of approx. 2.86 Lakh MT.

Pioneers of scientific warehousing in India, SLCM has adapted the asset light model of warehousing without owning infrastructure through its patented (pending) SOP “Agri Reach”. “Agnostic to factors like location, infrastructure, climate, SLCM has proved its capabilities of managing post harvest crops successfully whilst bringing down the post harvest wastage to 0.5 percent from 10 percent,”Sabharwal said.

“Scientific warehousing will be the game changer for the agriculture sector and the industry bodies have started realizing it.Warehouse service providers should be able to manage the crops anywhere irrespective of the infrastructure,” he added.

“Our proprietary SOP, Agri-reach is culmination of best practices from the world comprising real time processes and state-of-the-art technology. It denotes our 8 years of rigorous R&D that has resulted in an achievement of managing 740 warehouses sitting in your office without any error through centralized SOP – Agri Reach,” the Group CEO said.

The SLCM is equipped with technology to offer storage and protection services for the entire range of agri-commodities. SLCM has been handling more than 165 agriculture commodities including Rice, Wheat, Maize, Mustard, Pulses, Cotton, Barley, Bajra, Castor Seeds, Spices, etc. across India. It has entered the horticulture vertical as well starting with first managing perishable commodity like potato.

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