Sohan Lal Commodity Management Pvt. Ltd., India's leading Post Harvest Management Group (SLCM Group), announced its business expansion plans for the current fiscal year today. The company, which currently has four offices in Delhi, Bihar, and West Bengal, plans to expand its presence across India by opening 36 new offices in 16 states.
These Offices “Krishi Vikas Kendra’s” will serve as a connecting thread between the digital application of SLCM and its already present Physical network of 9244 warehouses across India (as of April 30, 2022).
The new offices will enable SLCM Group’s growth initiative in the agriculture value chain. Functioning as localized nodes, these offices will enable the organization to strengthen its on-ground support and presence. Farmers, traders, and government bodies will consider the offices as a one-stop solution to avail the entire gamut of services including warehousing, procurement, and Agri financing.
Recently, SLCM Group received the ‘Patent Certificate’ for its application titled “Methods For Real-Time Data Management” from the Patent Office, Government of India, which was originally filed on December 16, 2013. As a result, SLCM Group became the only company in India to have a registered technology patent in the Agri Logistics (Warehousing) segment spanning 75 years post-Independence.
Capitalizing on the testament of the patent, Sandeep Sabharwal, Group CEO, said, “SLCM Group is looking forward to scaling its ‘Digital Initiative’ vertical. The company is currently developing a mobile application that will offer all of its services on a single platform. With the help of artificial intelligence (AI), machine learning (ML), and Agri Reach – SLCM’s proprietary technology solution – farmers and traders of the country will be connected to the entire post-harvest Agri value chain via a single mobile application.”
According to a study conducted by FICCI, Agri Reach can reduce Post- Harvest losses from 10% to 0.5%, which can help to avoid losses worth over 1 lakh Crore per annum in the Indian Agri economy. SLCM’s proprietary centralized real-time process management system ‘Agri Reach’, has allowed the company to scale up its asset under management (AUM) valuation per financial year from INR 1,394.01 Crore in FY17 to INR 5,519.22 Crore (as on March 20, 2022).
SLCM Group through its wholly-owned subsidiary Kissandhan has disbursed loans worth INR 2,388 Crores as on 31st March 2022.
Announcing the footprint expansion, Sabharwal further added, “We are currently working on various other technologies that have the capability to enable the efficient integration of physical infrastructure with digitized enterprises, thereby strengthening the foundation of ‘Phygital’ agriculture supply chain.”
