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Agribusiness, Agrotech, Animal Health, Company News, Dairy, Digital Technologies, India, Live Stock, Sustainability

VetVantage is designed to help dairies start their NetZero journey by converting methane emissions into milk production.

eFeed announced the launch of VetVantage, an innovative AI-powered SaaS platform designed to help dairy companies manage and reduce methane emissions from their cattle (Scope 3) and monetise their sustainability goal by the means of carbon credits. The latest version, MethaneTracker 2.0, offers a revolutionary solution to one of the most pressing environmental challenges in livestock emissions.

VetVantage is a cutting-edge methane emission calculator that leverages AI, precision animal nutrition and geospatial data from satellites to provide dairy companies with accurate estimates of their Scope 3 cattle methane emissions. This tool is crucial in India, where livestock plays a vital economic role but also contributes significantly to greenhouse gas emissions.

Dairy companies receive precise methane emission estimates by inputting detailed information about their geographies, animals and feed. This empowers them to make informed decisions about feed management, aiming to reduce emissions and participate in carbon credit markets. The result is a win-win scenario where dairy companies are able to incentivise farmers with best practices and high-quality nutrition products resulting in better dairy incomes, improved quality of milk and climate resilient dairy products.

VetVantage, as a SaaS platform, offers key value propositions centered around delivering unparalleled transparency and visibility into cattle methane emissions. The platform’s unbiased models ensure that data and recommendations are free from regulatory or private/governmental biases, fostering trust within the farming & industry. VetVantage stands out by providing insightful recommendations, shedding light on the causes of methane emissions, and offering tailored feeding & management solutions. Built on a foundation of robust community data from farmers, the platform ensures reliability and trust. Additionally, VetVantage maintains a democratic approach by not endorsing any specific feed additive brands, thereby preserving its unbiased stance and commitment to neutrality.

VetVantage is designed to help dairies start their NetZero journey by converting methane emissions into milk production.

 Here’s how it works:

1. Onboarding: Companies can onboard their farm & factory assets using GIS and ground truth data.

2. Emission Accounting: The platform accounts for Scope 1, 2, and 3 emissions

3. Recommendations: Vetvantage’s recommendations help convert methane to milk using anti-methanogenic products and best practices of dairying

4. Carbon Credits: Once company has successfully reduced 1000 Kg of carbon, they can apply for audit for earning high-quality carbon credits.

Key Components of the Methodology

The methodology comprises several key components: a baseline assessment utilising AI-based methane simulation for accurate emissions analysis; recommendations for sustainable cattle management practices and high-quality nutrition to reduce emissions and enhance yields; tracking of emission reductions for carbon credit certification applications; facilitation of carbon credit sales through a marketplace, providing financial benefits to dairy companies; collaboration with dairy companies to ensure direct farmer benefits; and advocacy for a robust Indian dairy carbon credit policy to protect and empower 75 million dairy farmers.

Benefits and Impact

eFeed’s VetVantage stands at the forefront of sustainable livestock farming, providing an essential tool for reducing environmental impact while enhancing dairy farmers’ productivity and economic strength. The benefits and impact of this innovative solution are multifaceted: it generates income for farmers & dairy companies through monetizing carbon credits, thereby diversifying their income sources; it enhances climate resilience by reducing greenhouse gas emissions, improving soil health, and boosting ecosystem resilience; it encourages technology transfer and innovation, promoting the adoption of practices that improve productivity and environmental sustainability; and it stimulates rural development by creating jobs and promoting inclusive growth. This launch marks a significant step towards a more sustainable future for the dairy industry in India.

VetVantage is designed to help dairies start

Agro Universities, Agrotech, Digital Technologies, R&D, World

CABI and partners are producing wheat blast risk maps using earth observation data, pest and disease modelling, and climate forecasts.

Centre for Agriculture and Bioscience International (CABI) is leading a new project using earth observation data and climate forecasts for targeted management of wheat blast disease in India, Bangladesh, Thailand, Australia, and the United Kingdom. The project is funded by the Science and Technology Facilities Council (STFC) and involves working with Assimila Ltd, Cervantes Agritech, the University of Leicester, RAL Space, CSIRO, and the New South Wales Department of Primary Industries, who are all leading experts in their fields.

Wheat blast (Magnaporthe oryzae Triticum or ‘MoT’) is a severe problem in Bangladesh and South America amid humid, warmer climates and is a plant disease of global concern, threatening crop production, biosecurity, and food security.

CABI and partners, with expertise in earth observation, remote sensing, pest and disease modelling, datasets, and information dissemination, are producing wheat blast risk maps to help as part of a targeted management approach to the disease.

Highly destructive disease

First discovered in Brazil in 1985, wheat blast is a highly destructive disease resulting in yield losses of over 50% when environmental conditions are favourable. It gradually spread to Bolivia, Paraguay, and Argentina. In 2016, it emerged in Bangladesh, and in 2018, it was observed in Zambia.

Wheat blast is caused by Magnaporthe oryzae Triticum (MoT), a fungal pathogen that spreads quickly and travels long distances in the air through infected seeds and spores. It is feared the consequences of climate change pose the risk of the disease infecting other wheat-growing areas around the world.

Wheat blast CLIMEX model

So far, CABI and Cervantes Agritech have developed a wheat blast CLIMEX model – a niche model that is used to indicate where and when pest and diseases may occur given certain weather conditions such as temperature and precipitation.

The model will help to investigate the potential distribution of the disease using eco-physiological tolerances, and global occurrence records. It will also contribute to understanding the phenology of the disease in different locations.

Initial results show a good fit between the modelled suitable areas and the known distribution of wheat blast disease, including potential suitable areas in other countries including Central and North America, Africa, and Australia.

Pascale Bodevin, CABI’s Project Manager for the project, said, “Climate change has altered the way pests and diseases establish and spread around the world.

“Countries and habitats that would historically be deemed inhabitable by a species, are changing due to rising temperatures and changing precipitation patterns which are expanding the distribution of species into new areas.

“Under these conditions, wheat blast is expected to spread mainly in tropical regions. A more humid and warmer climate in the future will likely increase the number of suitable areas for wheat blast in the Southern hemisphere.”

Tools developed

The scientists, by integrating the novel use of earth observation data and modelling methods, are creating a framework which will not only enable the targeted management of wheat blast but also see tools developed to help understand and manage biosecurity risk for countries that are currently free of the disease.

The project’s key research objectives include using earth observation data to classify crop types in temporally and spatially complex environments in Bangladesh; linking niche and infection models with crop-type models to derive actionable risk products.

It also seeks to identify unique spectral signatures of wheat blast using high-resolution remote sensing data and engaging with key stakeholders to understand wheat blast management and how information is currently delivered.

 Bodevin added, “Capturing local data and validating it will enable the project to collaborate with an existing research programme in wheat blast management and extension and outreach programmes in Bangladesh.

“The project is also working with key stakeholders in India and Thailand to understand how information is currently communicated in these countries and evaluate the potential risk of the disease.”

Biological stresses of wheat blast

Future work will focus on improving the distribution and phenology models with more refined stress parameters – conditions that affect the cycle of the disease pathogen such as cold-wet, hot-dry or moist-freezing.

Meanwhile, Cervantes Agritech, is developing a real-time infection model that will identify locations and times when MoT infections can occur. This model will be implemented in the DYMEX modelling platform [a model that helps to forecast pest populations (spatial and temporal) and disease infection] to model MoT dynamics in Bangladesh.

Earth observation data is also being used to detect the biological stresses of wheat blast on wheat in Bangladesh, while scaling drone-mounted hyperspectral reflectance of Wheat Blast is being explored.

Professor Darren Kriticos, Co-founder and Managing Director at Cervantes Agritech of Cervantes Agritech highlighted the importance of this work.

He said, “The systems that we are developing harness the strengths of EO data and process-based modelling and will help manage MoT in both the short- and long-term. In the short-term, high-risk areas can be targeted for surveillance and management.

“In the long-term, the high-risk areas can be targeted for deployment of resistant wheat varieties or in extreme cases planting other crops. The models we are developing here in Bangladesh can be rapidly and easily deployed to other areas where MoT is a problem, and we will extend the system to other diseases.”

 Bodevin added that while CABI is also leading on impact pathways and stakeholder consultation for the project, we are collaborating with key stakeholders in Bangladesh, Australia, India, and Thailand to understand the current knowledge-sharing pathways for wheat blast information within these countries.

CABI and partners are producing wheat blast

Agribusiness, Agro chems – Chemicals, Company News, India, People

Suyog has over two decades of experience in the chemicals and energy industries and held key leadership positions across various stages of the value chain.

 Aarti Industries Limited,a leading Indian manufacturer of speciality chemicals with a global reach, is announced the appointment of Suyog Kotecha as Chief Executive Officer and Executive Director with effect from June 17, 2024.

Kotecha’s expertise is well recognized in the chemical industry, having held key leadership positions across various stages of the value chain. Most recently, he led Strategy and New Business initiatives for the Petrochemicals business at Reliance Industries Limited. Before that, he served as a Partner at McKinsey & Company, leading the Chemicals Practice and advising companies on performance transformation and strategic growth.

Rajendra V. Gogri, Chairman and Managing Director, said, “Since its inception in 1984, AIL has grown tremendously, gaining respect for its values and deep understanding of the chemical industry. As we stand on the threshold of the next stage of growth, we are happy to welcome Suyog Kotecha as AIL’s Chief Executive Officer. The Board of Directors believes Suyog’s extensive experience in the speciality chemicals sector, coupled with his focus on customer needs and sustainability, makes him the perfect leader for AIL’s next leap. He comes with a proven track record and a wealth of experience in strategy, innovation, and business transformation. His innate understanding of the chemicals industry, coupled with his extensive experience from the factory floor to the boardroom, make him the ideal leader to take AIL into its next chapter of growth. His global connects in the chemical industry including AIL’s key customers both in India and globally will be an additional advantage. We wish Suyog all the best in his new role and committed to ensure his success.”

“Joining AIL, a global leader in the industry, as CEO is a great honour. As I step into the new role, I am eager to move forward and take the company to new heights of success with the support of the talented team here,” said Suyog Kotecha. “AIL has a rich history and a strong foundation rooted in its values of Care, Integrity and Excellence, and I look forward to further expanding our presence and creating value for our stakeholders through growth, collaboration and innovation.”

Suyog has over two decades of experience

Agribusiness, Agrotech, Company News, Finance, Funding, India, Start ups

 Fyllo will use the funds to expand into new geographies and crops and develop more precision agriculture products.

 Agritech startup Fyllo has announced that it has raised $4 million in a fresh funding round led by IndiaQuotient and SIDBI Ventures. Existing investors Triveni Trusts, IAN, and KIAORA participated in the round. Fyllo will use the funds to expand into new geographies and crops and develop more precision agriculture products. 

Global warming has led to significant climate change. It has reduced soil health and random attacks of diseases and pests have made agriculture uncertain. Through its precision agriculture platform, Fyllo has developed AI-based prediction models that can suggest good agri processes to farmers that bring about consistency in farm produce and quality.

Fyllo founders Sudhanshu Rai and Sumit said, “We are seeing a surge in the adoption of precision agriculture. Farmers are using mobile phones to make 90 per cent of their decisions. With this funding, we would like to work even more closely with farmers, build new and better products, and expand our reach to farmers and other geographies.”

Currently, over 8,000 farmers are using Fyllo’s services on more than 50,000 acres and have consistently received 25 per cent more yield, 80 per cent export-quality produce, and 30% more income.  Fyllo is now looking to make its current offering widespread by expanding around its existing geographies and working on expanding its product offerings.

Sahil Makkar from IndiaQuotient said, “The Indian agricultural sector has long grappled with the uncertainties of erratic weather and crop wastage, causing farmers to fall short of meeting global benchmarks for productivity, efficiency, and output quality. However, a new generation of farmers is emerging, equipped with technological know-how and a willingness to adopt innovative practices to drive improvement.

We strongly believe in Fyllo’s potential to harness this shift, increase adoption rates in precision agriculture, and expand its product suite to reach millions of farmers across India. This endeavour elevates productivity and output quality and addresses climate challenges in agriculture.”

Farmers who have adopted the Fyllo platform have achieved significant environmental benefits as they manged to cut down their chemical usage by 35 per cent, leading to a reduction in irrigation needs by approximately 50 per cent. This has resulted in a saving of over 100 billion litres of water and a reduction of 4 million kilograms of carbon emissions.

Chintan from SIDBI Ventures said, “Given the climate change scenario and crop wastage, Fyllo, through its precision agriculture platform, is helping farmers to make better decisions. The market for precision agriculture is growing, and based on Fyllo’s record of strong retention, we expect them to tap a larger chunk of this market.”

 Fyllo will use the funds to expand

Agribusiness, Company News, Dairy, India

The company aims to be present across 500+ modern trade stores in the city of Hyderabad by year-end.

Creamline Dairy Products Limited (CDPL), a subsidiary of India’s largest and diversified agribusiness, Godrej Agrovet Limited (GAVL), announced the launch of Godrej My Farm Milk, a premium milk straight from Godrej’s farm to consumers’ doorsteps. With Godrej My Farm Milk being directly sourced from Godrej’s own farm, pasteurized, and packaged using cutting-edge technology, it ensures that milk is fresh with its natural flavor and nutritional value intact. To be available only in Hyderabad, the entire process from milking to product reaching the consumer is automated, thereby making Godrej My Farm a zero human touch milk with a single point fully controlled supply chain starting from feed to breed. The company aims to be present across 500+ modern trade stores in the city of Hyderabad by year-end.

Commenting on the launch of My Farm Milk, Bhupendra Suri, CEO, Godrej Jersey, said”, “We at Godrej are fully committed to the way our milk is produced and distributed. With the quality of milk dependent on how cows are treated, we take personalized care of 1,400 cows, including monitoring their food and health on a regular basis. This, coupled with our state-of-the-art processing plant and fully controlled supply chain, enables us to deliver untouched, nutritious, and fresh milk. Being a single source of milk with complete traceability from cow to packaging, ensuring its safety, consumers can now enjoy Godrej My Farm milk as if having a cow in their backyard and milk reaching their table.”

The milk report launched on the sidelines further highlighted that 55 per cent of consumers associate unhygienic milk with unbranded milk options. Additionally, with 90% of consumers willing to pay more or a premium for high-quality and safe milk, the report reiterated the growing demand for pure and safe dairy products among consumers.

Today, Indian consumers are very conscious of their health and strive to choose the best for themselves and their families. The same was also resonated in the findings of the Milk Report titled ‘Bottoms Up…India Says Cheers to Milk’, with 1 out of every 2 consumers considering hygienic sourcing, processing, and packaging in addition to the assurance of no adulteration while purchasing the milk.

By prioritising quality, transparency, and technological prowess, GAVL remains committed to playing a leading role in shaping a healthier and more vibrant dairy landscape in India.

The company aims to be present across

Agribusiness, Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Company News, Finance, India

During Q4 2024, company has posted net profit of Rs 220 crore compared to Rs 257 crore in Q4 FY 2023, reflecting a decline of 14.7 per cent.

Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), one of India’s leading producers of industrial chemicals and fertilisers, announced its consolidated results for the fourth quarter and fiscal year ended March 31, 2024.

During Q4 2024, DFPCL has posted net profit of Rs. 220 crore compared to Rs 257 crore in Q4 FY 2023, reflecting a decline of 14.7 per cent. On QoQ basis, DFPCL’s Q4 PAT registered 262.8 per cent growth as PAT in Q3 FY24 stood at Rs 61 crore.

n Q4 FY24, DFPCL has reported Operating Revenue of Rs. 2,086 crore as compared to Operating Revenue of Rs. 2,796 crore in Q3 FY23. The company’s Operating Revenue stood at Rs. 1,853 crore in Q3 FY24.

For the Financial Year ended March 31, 2024, DFPCL has posted net profit of Rs 457 crore as compared to Rs. 1,221 crore for the Financial Year ended March 31, 2023, reflecting a drop of 62.5 per cent. During FY 2024, the company posted Operating Revenue of Rs 8,676 crore as compared to Rs. 11,301 crore resulting in a de-growth of 23.2 per cent.

Commenting on the performance, Sailesh Mehta, Chairman & Managing Director, DFPCL, said, ““The company has shown resilience and strategic focus despite the Chemical and Fertilisers segment facing challenges simultaneously. Short-term aberration in the import of fertilizer-grade ammonium nitrate from Russia, low cost Nitroaromatics from China and below normal rainfall in our core markets impacted business performance.  Despite the odds the company has delivered healthy performance with sustained margins, driven by innovation, operational excellence, and sustainability.”

 Mehta also mentioned that we have entered into a 15-year long-term gas supply agreement with Equinor, commencing in May 2026. This move will ensure continuous supplies of Natural Gas and is expected to improve margins through effective natural gas/LNG hedging and in-house ammonia production, ensuring greater stability.

We also signed a Commercial agreement with Haifa Group, a renowned multinational corporation specializing in Specialty Crop Nutrient. The MAL-Haifa offerings will support agricultural practices that counter the vicious trend of water scarcity and also enhance Nutrient Uptake & Use Efficiency in the plants.

For FY 24-25, the demand outlook for all our business segments looks positive. ‘IMD’ has forecasted above average normal rainfall in FY25, expecting a good Kharif and Rabi season this year.

During Q4 2024, company has posted net

Agribusiness, Agrotech, Carbon Farming, Company News, Nature, Sustainability, World

CIBO Impact addresses Scope 3 Sponsor Challenges: Maximizing Funding Potential for Farmers, Boosting Enrollment and Accessing and Sourcing Farmers and Acres

CIBO Technologies, the company powering the transition to regenerative agriculture, unveiled a comprehensive end-to-end Scope 3 offering designed to help agricultural enterprises identify, measure, reduce and report on carbon emissions throughout their supply chains. By accessing the CIBO Impact platform and its Grower Network Partners, enterprises can better decarbonize agricultural commodities and accelerate the adoption of conservation practices through farmer incentive programs.

Enterprises face many challenges in reporting and reducing carbon emissions, including complex supply chains, lack of direct farmer access, limited data availability and accuracy, variance in emissions sources, and shifting regulatory and compliance dynamics. Companies also need help to design programs that provide a sufficient incentive for all stakeholders to ensure the adoption of sustainable agricultural practices for the long term.

CIBO Impact Addresses Scope 3 Sponsor Challenges: Maximizing Funding Potential for Farmers, Boosting Enrollment and Accessing and Sourcing Farmers and Acres

CIBO Impact empowers Scope 3 sponsors to maximize funding potential for farmers by connecting them with additional financial incentives, such as the USDA Environmental Quality Incentives Program (EQIP), to cover transition costs, leading to higher farmer adoption. CIBO is the only company that provides a scaled Scope 3 reporting and program platform that enables programs to be deployed to farmers leveraging CIBO’s Grower Network Partners, composed of trusted organizations across their supply sheds with farmer relationships already in place.

“We value our important business relationship with CIBO, and together are excited to continue delivering reduced emissions factors for CPGs and processors through best-in-class sustainability solutions for farmers,” said Jamie Leifker, President of Truterra, a Land O’Lakes Company.

Additional CIBO Impact Scope 3 features include:

Defining sourcing regions or supply sheds, measuring carbon intensity (CI) from the company inventory base year to the current crop year.

Designing strategies to reduce emissions to reach companies’ interim (5-10 year) agriculture GHG reduction targets.

Developing and deploying farmer-facing programs to achieve these targets, and measuring and reporting intervention CI to compare to supply sheds.

CIBO Impact addresses Scope 3 Sponsor Challenges:

Agbiologicals, Agribusiness, Company News, Herbicides, World

The registrations in Brazil mark another significant regulatory approval for FMC and Isoflex® active, which is currently registered in Argentina, Australia and China.

FMC Corporation, a leading global agricultural sciences company, has received registration in Brazil for Azugro® and Ezanya® herbicides for use in cotton, tobacco and wheat crops. Azugro® and Ezanya® herbicides are powered by Isoflex® active, FMC’s brand name for bixlozone. Isoflex® active is a novel herbicide when used in cereals and is classified by the Herbicide Resistance Action Committee (HRAC) as a Group 13 herbicide. The two new formulations will provide growers with new tools to effectively manage herbicide resistance across a wide range of agronomic practices.

“FMC is committed to providing growers with innovative solutions that enhance the productivity and resilience of their land,” said Sinara Ferreira, FMC Brazil business director. “We are confident that Azugro® and Ezanya® herbicides will contribute to a healthy crop by providing growers with new and important tools to control weeds that are resistant to other herbicides.”

Azugro® and Ezanya® herbicides offer effective control of key annual grass weeds, including goosegrass (Eleusine indica), Italian ryegrass (Lolium multiflorum) and some key broadleaf weeds. Azugro® herbicide will be available for use in cotton during the 2024 crop season and wheat in 2025, while Ezanya® herbicide will be available for use in tobacco during the 2024 crop season. Research on the use of Isoflex® active products in additional crops and segments in Brazil is ongoing.

The registrations in Brazil mark another significant regulatory approval for FMC and Isoflex® active, which is currently registered in Argentina, Australia and China. Products containing Isoflex® active have exhibited pre-plant, pre-emergence and early post-emergence selectivity in major crops across the globe, including canola, cereals, oilseed rape and pulses.

The registrations in Brazil mark another significant

Agribusiness, Company News, Finance, India, Sugar industry

The refinery division delivered strong performance due to firm international sugar prices and high export volumes.  

Shree Renuka Sugars Limited – one of India’s largest sugar and green energy (ethanol and renewable power) producer and a subsidiary of Wilmar Sugar and Energy Pte Ltd (formerly known as Wilmar Sugar Holdings Pte Ltd) Singapore – has reported its financial performance for the quarter and year ended March 31, 2024.

In FY24, Company posted 25 per cent growth in revenue from Rs 91,065 million to Rs 1,13,674 million. Company’s EBITDA for the year stood at Rs 7,560 million, an increase of 5 per cent over the last year of Rs 7,196 million. In FY24, the company strategically invested Rs 3,450 million in Anamika to derisk the business geographically. Company’s Profit Before Tax Loss for the year widened to negative Rs 4,618 Mn vs negative Rs 1,796 million over the last year.

In Q4FY24 company’s Revenue went up by 25 per cent from Rs 86,862 million to Rs 108,981 million. Company’s EBITDA for FY24 was sustained at last year’s levels – Rs 7,195 million. The refinery division delivered strong performance due to firm international sugar prices and high export volumes.  Ethanol and Sugar segment were a drag due to restrictive government policy on Ethanol.

Atul Chaturvedi, Executive Chairman said, “The company has displayed strong momentum, anchored by the Refinery division’s strong performance driven by firm international sugar prices and high export volumes. The domestic business was impacted due to lower production & sales volumes on account of drought induced low cane availability and restrictive policies on Ethanol.

Our flagship Consumer Pack brand Madhur continued to grow. Further, higher net realization especially in domestic sugar and refinery businesses resulted in stable Q4 performance. Our consolidated total income has increased by 25 per cent over the previous year. The company’s resilience is driven by its robust business model”.

Sunil Ranka, Chief Financial Officer said, “Shree Renuka Sugars has delivered a stable financial performance driven by the strong topline and consolidated EBITDA growth of 5 per cent. Though our company’s EBITDA is comparable amongst the peers, the interest cost has escalated due to the upward movement in the borrowing rates along with additional working capital requirements for our refinery division thereby resulting in higher interest burden and impacting the profitability of the Company”

The refinery division delivered strong performance due

Agribusiness, Agro chems – Chemicals, Company News, Finance, India

Company’s PAT for FY24 was at Rs 102 Crore, registering a growth of 62 per cent.

 Insecticides (India) Limited (IIL), one of India’s leading crop protection and nutrition company, has announced its audited financial results for the year ended March 31, 2024. Company’s revenue from operations stood at Rs 273 crore in Q4FY24 compared to Rs 302 crore in Q4FY23.Company has reported Rs 8 crore Profit After Tax in Q4FY24 as against a loss of Rs. (29) crore in Q4FY23. EBITDA stood at Rs. 9 crore in Q4FY24 as against Rs (28) crore in Q4FY23.

Company’s Net Revenues for FY24 stood at Rs. 1,966 crore vs Rs. 1,801 crores in FY23. Company’s B2C business revenue grew by 11 per cent leading to higher profitability. Strong growth of 27 per cent in value added product portfolio of ‘Maharatna’, which constitutes 59 per cent of B2C revenue in FY24.Company’s PAT for FY24 was at Rs 102 Crore, registering a growth of 62 per cent; PAT margins expand by 170 bps in FY24 marking a strong recovery in a challenging industry environment.

Commenting on the results and performance, Rajesh Aggarwal, MD of Insecticides (India) Ltd. said, “We are delighted to report a strong performance for Q4 FY24 and FY24, with our annual net profit crossing Rs 100 crores, representing a 62 per cent year-over-year growth compared to FY23. This achievement is a testament to our resilience and adaptability in a challenging industry environment. Our revenue for FY24 stood at 1,966 crores, registering a 9 per cent growth, primarily driven by the impressive performance of our focused Maharatna and Maharatna products, which saw a remarkable 27 per cent year-over-year growth and contributed 59 per cent to our total sales. We attribute this success to our strategic focus on product mix optimization and cost efficiencies, which led to improved profitability and higher GP and EBITDA margins.

Our commitment to operational excellence has enabled us to optimize costs, improve efficiency, and remain agile in response to changing market conditions. We continue to invest in our premium product portfolio, distribution network, and brand equity, reinforcing our position as a trusted partner for farmers and agricultural stakeholders.

We have introduced 8 new products in FY24, which generated revenue of Rs 51 crore and demonstrated wider product acceptance, driving innovation and value. Looking ahead, we are excited about the prospects for our new product launches, which will further enhance our portfolio and address the needs of the farmers. This will lead us to be close to the farmers and address the emerging needs of the farmers on an ongoing basis. We expect to launch at least 7-8 new products in FY25.

Business Highlights:

  • Introduced 8 new products in FY24, which amounted to revenue of Rs 51 crore, demonstrate wider
  • product acceptance, driving innovation and value
  • More than 40% revenue growth in Shinwa, Hachiman, Torry and Mission
  • Streamlined manufacturing operations towards Formulations solutions
  • Strengthened organizational capabilities at senior level to drive Future growth
  • Investment in digital transformation i.e IIL 360, driving business agility and customer centricity

Company’s PAT for FY24 was at Rs

Agro Universities, Agrotech, India, R&D

This newly patented invention is a remote-controlled, unmanned tree-climbing apparatus that is risk-free, efficient, and user-friendly.

The Unmanned Remote-Controlled Palm Tree Harvesting Robot, developed by Dr. A. R. Desai’s team from ICAR-Central Coastal Agricultural Research Institute, Goa, and Dr Rajendra S. Gad’s team from Goa University, has been granted Patent No. 537851 (Application No. 201721022813, dated July 29, 2017).

Coconut is a crucial cash crop in coastal regions, particularly in Southern India. However, interest in coconut plantations has been waning for two primary reasons: the scarcity of coconut tree climbers and the rising wages for the few remaining. Traditional coconut harvesting communities are moving away from these jobs due to improved living standards and the inherent risks involved. Meanwhile, wages for coconut harvesters have surged in recent years, making the process more expensive. Although various coconut and areca nut climbing devices are available, they often suffer from drawbacks such as complicated designs, high costs, and the need for prior experience. Most existing devices are manned, posing risks and inefficiencies.

This newly patented invention is a remote-controlled, unmanned tree-climbing apparatus that is risk-free, efficient, and user-friendly. It reduces the risk associated with human climbers, shortens harvesting time, and is lightweight and portable. Moreover, it addresses the significant issue of plant damage caused by sharp blades or bark-penetrating spikes in other devices. This innovation offers a less invasive and hassle-free method of harvesting. The technology promises significant benefits for coconut farmers, agri-entrepreneurs, and self-help groups in coastal and coconut-growing regions. The inventors also have a message to prospective entrepreneurs to come forward with a Tripartite MoU (with ICAR- CCARI and Goa University) for mass production and commercialization of the device for the benefit of coconut farmers.

This newly patented invention is a remote-controlled,

Agribusiness, India, Industry Reports / Analysis, Start ups, Supply Chain

According to Ninjakart survey report, 83 per cent farmers reported improvements in their way of farming.

Bengaluru based Ninjacart, India’s leading agri-startup leveraging technology and data to organise the global agriculture ecosystem, has unveiled the findings of its highly anticipated NINJACART IMPACT REPORT 2023. The report, based on a comprehensive survey conducted among 600 agri citizens nationwide in collaboration with 60 Decibels, provides valuable insights into Ninjacart’s positive impact on users’ quality of life and their experience with Ninjacart’s platform.

The survey reveals a tangible improvement in the economic well-being of Ninjacart users, with 4 out of 5 reporting a better quality of life. Among these users, Ninjacart has improved their quality of life in terms of business growth, reduced stress, increased income, better access to information, and better access to the market. This underscores Ninjacart’s commitment to fostering a lasting impact within the agricultural sector through advancements in commerce, cutting-edge logistics and fulfilment solutions, and accessible capital options. All of these efforts are aimed at empowering all agri citizens across the value chain—from farmers to traders and retailers.

Key findings from the survey include:

● Increased Income: 91 per cent of traders, 81 per cent of retailers and 79 per cent of farmers reported increased income due to business growth.

● First-time Access to Services: 97 per cent of traders, 84 per cent of retailers, and 67 per cent of farmers had no prior access to similar services.

● Trustworthiness: 92 per cent of traders, 88 per cent of retailers, and 87 per cent of farmers found Ninjacart’s offerings to be trustworthy

● Convenience of Selling Produce for Farmers: 75 per cent farmers said that selling their produce has become more convenient because of Ninjacart

● Improvement in Ways of Farming:  83 per cent farmers reported improvements in their way of farming. The top improvements include crop diversification and improved use of farm inputs.

Kartheeswaran KK, CEO and Co-Founder of Ninjacart, stated, “At Ninjacart, we are dedicated to empowering every agri citizen in India with tools that can aid in real change. Our new vision, ‘Better Lives for Every Agri Citizen,’ reinforces our commitment to revolutionising the agri-tech sector and promoting financial security and growth opportunities for everyone throughout the agricultural value chain. Our journey has focused on inclusivity and accessibility, emphasising our dedication to creating a brighter, more sustainable future for everyone involved in the agri value chain.”

He added, “While many sectors in India have experienced tech-driven disruption, agriculture is just on the brink of its transformative moment. As we navigate the dynamic landscape of agri-trade, our mission remains clear: to leverage technology, data, and innovation to drive meaningful change.”

With the latest impact report, Ninjacart reaffirms its pioneering role in addressing India’s agricultural challenges. With over half a million agricultural citizens in its network and presence in more than 100 cities, Ninjacart remains committed to driving positive change and fostering growth in the sector.

According to Ninjakart survey report, 83 per

Agribusiness, Company News, Drones, India

 The Krishi 3 Pro is a medium-category agriculture drone weighing 29.80 kilograms and capable of reaching a maximum flying height of 196 feet.

Drogo Drones Private Limited has announced that the company has received the prestigious DGCA Type Certificate for its medium-class UAS drone, the Krishi 3 Pro. This certification, a significant milestone for the company, signifies that the drone has met stringent safety and quality standards required by the Drone Rules 2021.

The Krishi 3 Pro is a medium-category agriculture drone weighing 29.80 kilograms and capable of reaching a maximum flying height of 196 feet. The certification process, overseen by the Directorate General of Civil Aviation (DGCA), ensures that the drone has undergone rigorous testing to ensure its safe operation in Indian airspace.

For Drogo Drones, obtaining DGCA type certification is a critical step in demonstrating their commitment to safety and regulatory compliance. It also provides customers with the assurance that the Krishi 3 Pro meets the highest standards of quality and reliability.

The certification is not only a testament to Drogo Drones’ expertise and dedication but also a crucial milestone for the broader adoption of drone technology in agriculture. With the Krishi 3 Pro now certified, farmers can confidently use this advanced drone for precision agriculture, ensuring efficient crop management and improved yields.

 The Krishi 3 Pro is a medium-category

Agro Universities, India, R&D, Seeds

The two organisations will work together to conserve native and indigenous vegetable varieties, undertake joint research projects and develop capacity-building initiatives.

The World Vegetable Center (WorldVeg) has signed an agreement with the Indian Council of Agricultural Research – National Bureau of Plant Genetic Resources (ICAR-NBPGR) to enhance scientific cooperation and innovation in agriculture.

The two organisations will establish a framework for cooperation, focusing on knowledge sharing, germplasm exchange, personnel exchange, and technology transfer.

“The two organisations will work together to conserve native and indigenous vegetable varieties, facilitate germplasm exchange, undertake joint research projects, conduct explorations, organise training programs, and develop capacity-building initiatives,” Aravazhi Selvaraj, India Country Director, WorldVeg, said in a statement.

“They will identify nodal scientists for coordinating research and address policy issues related to plant genetic resources,” he said.

“The collaboration with WorldVeg is a strategic step towards strengthening our research capabilities and expanding our genetic resources. Together, we will focus on conserving valuable plant genetic resources and developing new technologies to benefit farmers and consumers alike,” Gyanendra Pratap Singh, Director, ICAR-NBPGR, said.

The two organisations will work together to