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Thursday / December 26. 2024

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HomePosts Tagged "Group CEO of SLCM"
Agribusiness, Agrotech, Award, Company News, Supply Chain, Warehousing

 The award recognises SLCM for its agile, Infrastructure agnostic, and scientific warehousing capabilities, powered by a state-of-the-art Phygital approach.

Sohan Lal Commodity Management (SLCM) India’s largest post-harvest logistics and Agri-solutions Company has acclaimed ‘Excellence in Agri-warehousing Award at the prestigious Confederation of Indian Industry (CII) Supply Chain and Logistics Excellence (SCALE) Award yet another year, reinforcing its position as a trailblazer in the industry.  Considered a coveted award in the logistics industry, the CII SCALE Awards was instituted to encourage, acknowledge, and recognize organisations that follow and succeed with best supply chain practices.

The jury recognised SLCM for its agile, Infrastructure agnostic, and scientific warehousing capabilities, powered by a state-of-the-art Phygital approach that enables them to improve operational excellence, bring transparency in the end-to-end collateral management process along with mitigate risk efficiently.

This award underscores the company’s dedication to investing in the “Unified Post-Harvest Agri-Logistics Platform” by consistently fostering innovation and introducing new products and services under an integrated interface that meets the evolving needs of the Agri supply chain sector.

Speaking on the occasion, Sandeep Sabharwal, Group CEO of SLCM, expressed, “We are deeply honoured to receive the CII SCALE Award once again. This achievement is a reflection of the relentless efforts of our dedicated team and the trust placed in us by our clients and partners. Being a market leader in the Agri industry, we are committed to making sustained efforts towards laying a robust Phygital infrastructure with a culmination of cutting-edge technology and an expansive physical network of establishments and this recognition encourages us to continue driving innovation in the industry. Our journey is built on the core values of integrity, customer-centricity, and excellence, and we will continue to focus on scaling our business to meet the evolving needs of the Agri-commodity sector.”

SLCM’s continued recognition underscores its strategic approach to enhancing operational capabilities, leveraging cutting-edge technology, and fostering deep partnerships across the agricultural and corporate sectors. By optimizing collateral management processes, SLCM plays a crucial role in supporting farmers, traders, and corporations in achieving greater efficiency and minimizing risk and ensuring better financial access for the entire agricultural ecosystem.

 The award recognises SLCM for its agile,

Agribusiness, Collaborations, Company News, Finance, India, Schemes - Banks, Supply Chain, Warehousing

This partnership will allow farmers and Agri-fraternity working with SLCM to get credit against their crops from the vast network of Bank of Baroda, present across the country.

 Sohan Lal Commodity Management (SLCM), India’s one of India’s largest post-harvest logistics and Agri-solutions Companies, has entered into a strategic partnership with Bank of Baroda to provide comprehensive Collateral Management Solutions. This partnership will allow farmers and Agri-fraternity working with SLCM to get credit against their crops from the vast network of Bank of Baroda, present across the country.

Through this partnership, SLCM will offer enhanced access to post-harvest credit at competitive rates, while also providing secure storage and risk management solutions. Leveraging its patented and industry-proven technology platform, Agri Reach, SLCM aims to simplify the collateral management process and create greater financial inclusivity for farmers, agribusinesses, and allied stakeholders across the country.

Commenting on the significant achievement Sandeep Sabharwal, Group CEO of SLCM, expressed “FY24 has been a remarkable year for our collateral management business, bolstered by four pivotal partnerships with major banks, including our latest tie-up with Bank of Baroda. Sustaining our market leadership with 15+ years, our vision has always been to ensure that every farmer, regardless of location or crops, has the opportunity to thrive in a conventional and digitized agricultural eco-system.

By leveraging our Phygital infrastructure and cutting-edge Agri Reach technology, we are enabling our banking partners to provide farmers with efficient and secure loans, minimizing the default risk and ensuring better financial access for the entire agricultural ecosystem. This not only speaks to the industry’s confidence in SLCM’s capabilities but also showcases the substantial growth every year in our Assets Under Management (AUM)”.

Currently, the company has expansive partnerships with 20+ leading financial institutions in India and Myanmar, further expanding SLCM’s banking portfolio and market reach.

As SLCM’s AUM increased by an outstanding 73% to INR 11,952 crs in the first half of the current fiscal year from INR 6,911 crs in the same period during the previous financial year (FY 2023-24), these collaborations have also emerged as one of the primary drivers of growth for the company.

Salman Ullah Khan, CBO of SLCM expressed, “Our latest tie-up with Bank of Baroda is a testament to their invested faith in our innovative and scientific approach to post-harvest management platform. Our collaboration with financial institutions are part of SLCM’s larger strategy to provide Warehouse Receipt Financing and collateral management services across territories, enabling farmers and agribusinesses to access loans using their stored goods as collateral”.

This collaboration extends SLCM’s services across PAN India, ensuring that farmers, particularly in rural areas, have access to the financial support they need. SLCM’s network spans 19 states, operating over 17000+ warehouses and 36 cold storages, serving 1,080+ commodities as of 31st October 2024. The company’s services are especially beneficial to sectors dealing with cotton, pulses, maize, spices, mentha oil, and other key agricultural products.

This partnership will allow farmers and Agri-fraternity

Agrotech, Finance, Foodgrains, India, Interaction, Supply Chain, Warehousing

Sandeep Sabharwal, Group CEO of SLCM, spoke with AgroSpectrum about the use of Artificial Intelligence (AI) in the agri supply chain industry in India. Edited excerpts;

Founded in 2009, Sohan Lal Commodity Management Pvt. Ltd. (SLCM) Group is one of India’s leading comprehensive service providers in the global post-harvest space for agricultural commodities. It currently operates a network of over 10,255 warehouses and has disbursed loans worth more than Rs 2600 crore over the last three years through its wholly-owned subsidiary Kissandhan business unit. It recently received the accreditation from the National Accreditation Board for Testing & Calibration Laboratories (NABL) for its ground-breaking AI ML QC application, which falls under its patented process management system, “Agri Reach”. This marks the first time in NABL’s history that a mobile app has received certification. Sandeep Sabharwal, Group CEO of SLCM, spoke with AgroSpectrum about the use of Artificial Intelligence (AI) in the agri supply chain industry in India. Edited excerpts;

How do you perceive the transformation of the agriculture value chain with the adoption of new technology solutions?

We have come a long way in the agriculture sector since independence. Over the past two decades the agriculture sector has experienced major disruptions with the introduction of innovative products and solutions that utilise new-age technology applications. Embracing new-age technology platforms or a combination of them like AI, Machine Learning (ML), Internet of Things (IoT), Blockchain, RFIDs, Edge, Drones, etc., is the key to improving efficiencies and optimising operations while reducing costs. The deployment of these new-age technology applications has paved the way for new service models such as ‘Farm-To-Fork’, ‘Farming-as-a-Service (FaaS)’, etc.

How is SLCM’s AI-based Quality Check mobile App ‘Agri Reach’ helping farmers and traders get better prices for their products?

Using this AI ML QC module smartphone application to conduct a quality check of agricultural products is as simple as taking a picture. A simple click and submission through the app will analyse the image for a variety of quality metrics. The user will then receive a detailed quality report based on evidence in the photograph, that covers specifications such as damaged, shrunken, shrivelled or immature grains, foreign matter and a host of other physical parameters like height, length, grid, colour and pattern of the commodity. The results are compared with pre-fed data in the back-end system, which updates itself regularly using a combination of technologies including AI and ML with Python programming language.

The quality check mobile app currently covers wheat, guar, soya beans, chana, rice and maize. It enables farmers, agri traders, and arhtiyas to get an ‘on-the-spot assessment’ of the commodity’s sample within minutes, without having to use any equipment or lab tests. In just two months since its launch, the mobile app has been used to inspect 21.59 lakh metric tonnes of crops at 303 locations in 17 states. The app helps farmers and traders get better prices for their products by providing objective quality reports, which helps them negotiate a fair price in the market.

Recently, the company has received NABL accreditation for the QC App, how will this help in the adoption of ‘Agri Reach’ by farmers and traders, etc.?

We had the vision for ‘phygitalising’ (physical + digital infrastructure) the warehouse management system over a decade ago. With a dedicated team of professionals, SLCM created ‘Agri Reach’ – a system that enables effective warehousing solutions agnostic of infrastructure, geography, and crops. We are the only company in the Indian agriculture sector that has registered a technology patent in the Agri-Logistics (warehousing) segment spanning 75 years post-Independence. And now I am proud to state that the company has reinforced its leadership status by being the first and only company in this space to receive the coveted NABL accreditation for an app that will transform the way the agri industry assesses the quality of its commodities. It is a matter of credibility which will reinforce the trust among end-users.

To read more click on :https://agrospectrumindia.com/e-magazine

Sandeep Sabharwal, Group CEO of SLCM, spoke