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Sohan Lal Commodity Management (SLCM), India’s leading agri services solutions provider having operations across India and Myanmar, has been conferred with CII Industrial Innovation Award 2017 at the 7th Industrial Innovation Summit organised by NITI Aayog, Confederation of Indian Industry (CII) and Department of Industrial Policy & Promotion (DIPP) in New Delhi.
SLCM had made it to the CII’s shortlist of the top 26 companies to be eligible for this most innovative enterprise award by demonstrating their success in devising innovative technologies in agribusiness sector.
The CII Industrial Innovation Awards instituted in 2014 is India’s premier award to recognise and honour the top innovative organisations in India. The awards are open to organisations across industry segments and have established itself as one of the most coveted innovations award in the country. Winners of the award had to undergo an evaluation process and scrutiny by a jury consisting of experts in technology, business and innovation space.
Speaking post the award ceremony, Sandeep Sabharwal, Group CEO, SLCM said, “Innovative solutions to the agriculture fraternity is a core function area of SLCM. As a business dealing with agricultural services, we are constantly looking to develop new and innovative solutions that will benefit the entire agri eco-system. Our scientific storage practices through AGRI REACH are effective and easily accessible financial solutions through our NBFC arm Kissandhan have been instrumental in uplifting the agricultural sector and usher a spree of innovative culture throughout.”
CII Industrial Innovation Awards 2017 was presented to the most outstanding achievers in the industry. SLCM has been acknowledged by this award for their innovations in AGRI REACH, a scientific way of handling agriculture produce and Kissandhan, an agri financing solution.
“AGRI REACH” (patent pending) technology 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 validated in a study conducted by FICCI as well.
The Group’s wholly owned NBFC in India, Kissandhan 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.