SLCM Group Wins ‘ET Now Stars of Industry Awards – For Excellence in Learning & Development’
Received the honor for ‘Best Innovative Technology Initiative’ for AGRI REACH
New Delhi, 31st December 2018: Sohan Lal Commodity Management (SLCM), India’s leading agri services solutions provider with operations across India & Myanmar, has been conferred with ‘ET Now Stars of Industry Awards – For Excellence in Learning & Development’ 2018 in the ‘Best Innovative Technology Initiative’ category. Mr. Ankur Jaipuria, CBO & Ms. Varnika Kukreja, GM – Corporate Communication at SLCM Group received the award from Chief Guests- Mr. GP Rao, Founder & Managing Partner, GPR HR Consulting LLP & Ms. Madhuri Sathe, Executive Director, Indira Group of Institutes at a ceremony held on 21st December 2018 at The Taj Mahal Hotel, New Delhi which was attended by more than 500+ delegates from across the world.
Presented by ET Now, the Stars of Industry Awards aims to recognize the best in Class in various organizational and individual award categories. The winners were selected by independent jury which included some of India’s most respected names in the industry.
Speaking post the award ceremony Mr. Sandeep Sabharwal, Group CEO, SLCM said, “It is a tremendous honor to be recognized by the prestigious Stars of the Industry Awards and win the ‘Best Innovative Technology Initiative’ award for our patent pending technology AGRI REACH. Agriculture continues to be a major livelihood provider and hence a key driver for the economic growth and social transformation. There is a need for understanding and adopting successful disruptive models and towards helping Indian farmers gradually transform from farmers to budding entrepreneurs. As a leading business in the agricultural services sector, SLCM aims to work as a harbinger by providing the latest cutting edge, innovative solutions to the agri fraternity. We have championed scientific storage practices through our proprietary agri services solution AGRI REACH and have revolutionized agricultural financing through Kissandhan our NBFC arm. We feel privileged to consistently perform a significant role in uplifting the agricultural sector in the country and pioneering innovative solutions in the sector.”
SLCM has been acknowledged with this award for their innovative and scientific commodity handling through AGRI REACH thereby promoting an effective and futuristic supply chain and logistics solutions in the agri eco-system. The patent pending technology “AGRI REACH” can reduce post-harvest losses which are presently at 10% annually to just 0.5% irrespective of infrastructure, crop or geographic location of the crop. This has been duly accredited in a study conducted by FICCI as well. Moreover, to prove its scalability in international avenues the Group forayed into Myanmar in April 2014 and as of today SLCM Ltd. Myanmar is an independent entity successfully curtailing the enormous post harvest losses ranging from 20-25% in that country.
SLCM has been recognized by various industry and trade bodies such as the World Bank, ASSOCHAM, Times Group, Indo Global SME chamber, Golden Peacock and CII amongst others. The Group prides itself as an Innovator in agri industry & has consistently demonstrated its capabilities in rolling out efficient products and services that empowers the agri ecosystem. Be it their process AGRI REACH (patent pending) which reduces post-harvest losses or Kissandhan (NBFC) which has changed the paradigm of agricultural financing to bring real “Financial Inclusion”.
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.