Company to add 36 offices across 16 states to achieve exponential business growth
Sohan Lal Commodity Management Pvt. Ltd., India’s leading Post-Harvest Management Group (SLCM Group) has announced its business expansion plan for the current fiscal year. The company, currently with 4 offices in Delhi, Bihar, and West Bengal, aims to strengthen its presence pan-India with 36 new offices across 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 on 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 across 75 years post-Independence.
Capitalizing on the testament of the patent, Mr. Sandeep Sabharwal, Group CEO, said, “SLCM Group is looking forward to scale 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.”
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 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.”
