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| Company type | Limited |
|---|---|
| Industry | Agriculture, Warehouse |
| Founded | 2009 |
| Founder | Sandeep Sabharwal |
| Headquarters | Delhi, (Head office) , |
Area served | India & Myanmar |
| Website | www |
Sohan Lal Commodity Management is an Indian Post-harvest Agri Logistics Service Provider, with its offices in India and Myanmar. It provides Commodity, Warehousing, Procurement and Collateral Management of Agri-Commodities and end-to-end agricultural services to the Indian farmers and allied stakeholders.
History
In 1995, Sandeep Sabharwal, an MBA graduate from the Fore School of Management in Delhi, joined Sohan Lal. In 2004, Sabharwal initiated his business by renting a warehouse in Lawrence Road, Delhi, and commenced the practice of providing farmers with bar-coded warehouse receipt. The reliability of this system is such that banks now consider a bar-coded receipt from Sohan Lal as a guarantee when farmers seek financial assistance. Sohan Lal Commodity Management has been contracted by companies such as Cargill, a US-based agricultural powerhouse, for the storage of agricultural commodities.
In March 2017, ResponsAbility Investments AG (Switzerland) and Incofin Investment Management (Belgium) invested $20 million in Sohan Lal Commodity Management (SLCM).
In December 2017, SLCM collaborated with State Bank of India, HDFC Bank, and IndusInd Bank for collateral management.
In November 2024, SLCM partnered with Bank of Baroda for Agri financing.
Operations
The logistics division of Sohan Lal Commodity Management is involved in storage, fumigation, quality assessment, agricultural appraisal, and risk management. SLCM has a network of approximately 16,646 warehouses with an area of – 303.64 million square feet handling a daily asset under management of 10,928.82 crores. SLCM has 4500+ employees in India.
SLCM has successfully entered the Myanmar market, establishing itself as the only Indian company in the agricultural logistics industry with operations abroad. SLCM oversees a network of 316 industrial zones covering an area of 9.22 million square feet. It manages a total of 1443 commodities, including both agricultural and non-agricultural products, with a throughput of 11.88 million metric tones.
The financial wing of SLCM is a RBI regulated NBFC called Kissandhan, and it encompasses various products and services such as Commodity Based Finance (CBF), Business Correspondent Partnerships, Kissandhan, and Invoice Discounting Facility.
Awards
- FICCI Awards 2022 by Ministry of Agriculture and Farmers' Welfare
References
- ^ "In The Interim Budget Sandeep Sabharwal". PM India.
- ^ Agarwal, Meha (13 November 2024). "Behind SLCM's 6X Profit Surge And Asset-Light Agritech Playbook". Inc42 Media.
- ^ "Briefly Business". The Indian Express. 28 March 2011.
- ^ Jayan, T. V. (2 July 2021). "An eye in the sky for open warehouses". BusinessLine.
- ^ "There's a need to bridge gap in Indian agriculture sector through technology: Sandeep Sabharwal". Financialexpress. 3 May 2024.
- ^ a b "How Sohan Lal Is Solving The Problem Of Agri-commodity Wastage". Forbes India.
- ^ "SLMC plans to raise about Rs 700 cr IPO by mid-2024 for business expansion". Business Standard.
- ^ "Indian commodity warehousing industry has come of age". Moneycontrol.
- ^ Dhanjal, Swaraj Singh (16 March 2017). "Incofin, ResponsAbility invest $20 million in agri-logistics firm Sohan Lal". Livemint.
- ^ "SBI, SLCM ink pact for warehousing services". BusinessLine. 26 July 2019.
- ^ "SLCM ties up with HDFC Bank, IndusInd Bank for collateral management". Financialexpress. 26 December 2017.
- ^ "SBI signs MoU with SLCM Group for Collateral Management | Business". Devdiscourse.
- ^ "SLCM & Bank of Baroda Partner for Agri Financing". Rediff. Rediff.
- ^ a b P., Anuradha. "Sohan Lal Commodity Management: Transforming India's Agrarian Landscape". Bru Times News.
- ^ "SLCM NBFC arm Kissandhan disburses Rs 772 crore farm loan in 1 year". The Economic Times. 13 February 2017.
- ^ "SLCM's warehouse process management system wins FICCI award". BusinessLine. 2 December 2022.