With 36 new ‘Krishi Vikas Kendras,’ branches SCML to make its presence across India
Sohan Lal Commodity Management Pvt Ltd (SCML), one of India’s best leading post-harvest management groups, wants to spread out across the country by opening 36 new branches in 16 States during the current financial year.
At the present, the company has four offices in Delhi, West Bengal, and Bihar. A company statement said that these new branches, which will be called ‘Krishi Vikas Kendras,’ will act as a link between SLCM’s digital application and its network of 9,244 warehouses across the country.
The SLCM Group’s plan to grow in the agriculture value chain will be helped by the new offices. These offices will help the organization improve its support and presence on the ground by acting as local hubs. It said that farmers, traders, and government agencies can think of the offices as a one-stop-shop where they can get all kinds of services, like storage, buying, and agri-financing.
After waiting for seven years, the Indian Patent Office just gave SLCM Group a patent for its ‘Methods For Real-Time Data Management’ application. In India, SLCM is the only company in the Agri logistics (warehousing) segment that has a registered technology patent.
Group CEO Sandeep Sabharwal said, ‘SLCM Group is excited to grow its ‘digital initiative’ business. The company is working on a mobile app that will bring together all of its services on one platform.
Privately owned technology
With the help of artificial intelligence (AI), machine learning (ML), and Agri reach, which is SLCM’s own technology solution, farmers and traders in the country will be able to connect to the entire post-harvest Agri value chain through a single mobile app, he said.
The Federation of Indian Chambers of Commerce & Industry (FICCI) study found that Agri Reach can cut post-harvest losses from 10% to 0.5%. This can help farmers avoid losses worth more than Rs 1 lakh crore per year.
Agri Reach, SLCM’s centralized real-time process management system, has helped the company increase the value of its assets under management (AUM) from Rs 1,394.01 crore in 2016-17 to Rs 5,519.22 crore in 2017-18. (as of March 20, 2022). As of March 31, 2022, SLCM Group’s 100%-owned subsidiary Kissandhan had given out loans worth Rs 2,388 Crores.
Sabharwal said this about the company’s plans to grow: ‘We are currently working on a number of other technologies that can allow the efficient integration of physical infrastructure with digital enterprises. This will strengthen the foundation of the ‘Phygital’ agriculture supply chain.’