16th August 2017
Sohan Lal Commodity Management Pvt. Ltd. (SLCM) is celebrating its 8th Foundation day this month. Founded on 13th August 2009, SLCM has in a short span of time emerged as a leader in scientific warehousing management in the country. The year 2017 also marks 8 years of building a culture of trust, transparency and sustained focus on improving processes, technology and talent in line with the groups stated mission.
SLCM, a post-harvest agri-warehousing group, has operations across the entire value chain spanning commodity warehousing, agri-financing, collateral management and procurement. The key differentiator and success driver for SLCM is its focus on the scientific management of warehouses as opposed to creation of new warehouse infrastructure. The group manages a network of 2000 warehouses and 19 cold storages with a combined area of 36.87 million sq. ft. and throughput of 553.61 million MT.
‘Agri-Reach’ is SLCM’s real time Process Management System, developed over a significant period for which a patent is pending. 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 loss of 10% to a minimal 0.5%. SLCM has also introduced the latest in warehouse control technology such as biometrics, GPS tracking, real-time data capture through SAP etc. The technology has enabled a faster TAT and improved fidelity in the groups warehouses much to the delight of its valued clients.
‘Kissandhan’ with an A - (investment grade) credit rating(CARE) is SLCM’s Agri Finance subsidiary and has disbursed over Rs. 1027.65 crores as loan and serviced over 28,294 storage receipts at 127 warehouses, impacting over 2,25,010 farmers till date. Kissandhan has a defined TAT of loan disbursal within 24 hours and introduced the co-borrower concept in agri-financing.
The efficiency and transparency of SLCM’s warehouse operation has been felicitated for outstanding performance in Agribusiness by Indo Global SME Chamber in June 2017. SLCM has also been conferred with “The Economic Times Global Logistics Excellence Award” for “Supply Chain Disruptor Icon of the Year” in the Agri sector in April 2017. The group has also been recognized as the Best Warehousing Company in collateral management by Commodity Participants Association of India (CPAI) for 3 consecutive years now. Moreover, it has found a place in the list of 50 dream companies to work for and its Group CEO, Mr. Sandeep Sabharwal was recognized by World Bank for his contribution to the report “Enabling the Business of Agriculture 2017”.