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Wednesday / February 8. 2023

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HomeAgrotechArya.ag posts four-fold jump in profits to 14.38 Cr in H1FY23

Arya.ag posts four-fold jump in profits to 14.38 Cr in H1FY23

Company’s assets under management of over 15000 crore make it India’s largest grain commerce platform

Arya.ag, India’s fastest-growing integrated grain commerce platform, has announced a four-fold jump in profits H1FY23 revenues. The company reported a profit of 14.38 crore, an increase over its last year’s base 3.86 crore. These profits have been driven by a six-fold increase in gross revenues in the same period. The platform has an assets under management (AUM) of over 15000 crore making it India’s largest grain commerce platform. 

Arya.ag holds the unique distinction of being the only profitable agritech in the country, in a scenario where startups have seen significant burn and reported large losses. Arya.ag has been able to develop a resilient and scalable model built on profitability.

Noteworthy developments for Arya.ag during the period under consideration include – Acquiring stake in computer-vision startup, Assert AI, Acquisition of agriculture data science company, Prakshep, launch of Insta-loan services that enable the farming community to avail loans instantly against their stored commodity at Arya.ag’s intelligent warehouses through tech-led digital linkages, Introduction of pioneering Insta-Release services that allow farmers to gain complete control of their farm produce immediately upon repayment of loans. 

Anand Chandra, Executive Director and Co-Founder, Arya.ag said,“As India’s largest agritech platform, we have been able to establish unprecedented relevance of our services to the Agri ecosystem. By solving for the end-to-end needs of our customers through integrated services, we have been able to create a highly scalable and profitable model”.

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