Sohan Lal Commodity Management (SLCM), India’s leading agri services solutions provider with operations across India & Myanmar has been recognized at the 5th edition of Frost and Sullivan’s Project Evaluation and Recognition Program 2018. The company has been conferred with the “Jury’s Special Mention Award” under “Smart Products & Solutions” category in “Service Sector” based on the jury evaluation results of the project report on ‘Agri Reach’. Mr. Ankur Jaipuria, Chief Business Officer and Ms. Varnika Kukreja, GM- Corporate Communication, SLCM Group, received the award from Mr. Rajesh Khanna, Executive Director & Chief Executive Officer- Wendt India and Mr. Nitin Kalothia, Director- Frost & Sullivan at the award function held on 6th December at “Hyatt Regency, Sahar Road, Mumbai”. The event was attended by 500+ leading industry leaders and decision makers from across industry sectors.
‘Agri Reach’ is SLCM’s in-house developed scientific technology which is proven to reduce post-harvest losses considerably, duly validated by leading national and international organisations. It is a Real Time Process Management System, developed over a significant period of time. This system is agnostic to infrastructure, location, or crop to enhance efficiency and transparency. The efficacy of SLCM’s warehouse management system has been credited by FICCI with the potential to reduce India’s post-harvest losses of 10% to a minimal 0.5%. It has already become part of the standard operating procedure for its technology enabled network of more than 3012 warehouses and 19 cold storages of the company across India.
Speaking about the Award, SLCM Group CEO, Sandeep Sabharwal said, “We are delighted to be recognized at the 5th edition of Frost and Sullivan’s Project Evaluation and Recognition Program 2018. Rolling out Innovative solutions to the Agri fraternity is a core function area of SLCM. As a business dealing with agricultural services, we are constantly undertaking projects to develop new and innovative solutions that will benefit the entire agri eco-system. Our scientific storage practices through ‘AGRI REACH’ has been instrumental in uplifting the agriculture and agri-warehousing segment in the country and usher a spree of innovative culture throughout. We remain committed to spearheading more such projects in future to foster innovation in the agri-warehousing segment as part of our endeavor to improve industry standards.”
The Project Evaluation and Recognition Program (PERP) is a unique platform designed with an objective to recognize projects undertaken by organizations to achieve business goals, create competitive businesses, enhance sustainability and facilitate change management in today’s complex business environment.
Over the past four years, PERP has been acknowledged by the industry as a premier national platform for an unbiased evaluation of the efforts by teams that have contributed significantly towards enhancing business value across various functions in an organization. The awards assessment besides incorporating inputs from Frost & Sullivan’s industry experts also involved a jury selection process with a panel of industry experts and thought leaders.
The awards program covered various categories like Supply Chain, Human Capital, Information Technology, Process Innovation, Customer Value, Operational Excellence, Safety, Environment, Cost, Quality and Logistics. This year award program also covered projects that have dominantly leveraged technology for performance improvement. This includes categories like additive manufacturing, big data analytics, artificial intelligence, digital modeling, augmented/virtual reality, smart products and solutions, automation & robotics.
About SLCM Group:
Sohan Lal Commodity Management Pvt. Ltd. (SLCM) is an ISO 9001:2015, ISO 22000:2005, ISO 33000, ISO 14001:2015 & OHSAS 18001:2007 certified Agri-Logistics Group. The company is equipped with technology to offer storage and protection services for the entire range of agri-commodities. SLCM has been handling about 921 agriculture commodities including Rice, Wheat, Maize, Mustard, Pulses, Cotton, Barley, Bajra, Castor Seeds, Spices, etc. globally. As on 30th November 2018, SLCM manages a technology enabled network of more than 3012 warehouses and 19 cold storages pan India spread over 51.20 Mn sq. ft. area and a throughput of more than 706.41 Million MT. The Group has also applied for patenting this scientific technology of storage under the aegis of “AGRI REACH”. The efficacy of ‘AGRI REACH’ has been attested in a study conducted by industry body FICCI that found that storage losses could be reduced from 10 percent to a minimal 0.5 percent using AGRI REACH.
The Group also has a wholly owned NBFC in India christened as “Kissandhan” which has changed the paradigm of collateral financing by financing across diversified agri products whilst being agnostic to balance sheet of the borrower yet complying with the prudential norms of RBI.
In a short tenure, Kissandhan has already financed more than INR 1751 cr. for multiple commodities pan India. It has impacted about 383380 farmers till 30th November 2018.