Thursday, 3 November 2016

Sohan Lal Commodity Management honoured with “Golden Peacock Award for Innovation Management”

“AGRI-REACH” the patent pending technology of SLCM recognized on global platform

New Delhi, 02nd November 2016: Sohan Lal Commodity Management (SLCM), one of the leading Agri-logistics solutions has been honoured with “Golden Peacock Innovation Management Award” by Institute of Directors (IOD). The award recognised the Group for implementing the most innovative technology for warehouse management amalgamated with technology & coupled with agri domain expertise. “AGRI REACH”, one of the initiatives of SLCM has been highlighted by IOD for Golden Peacock Award which depicts corporate leadership and institutional excellence which, over time, have become a hallmark of excellence, both locally and globally.

On receiving the award, Mr. Sandeep Sabharwal, Group CEO, SLCM said, “IOD recognizing our technology on this prestigious platform has given us immense motivation through which we will continue to direct ourselves to empower the crop in distinct manner. As a company, we believe that increased investment in processes and continued investment in technology and administration are needed to leverage company’s strong capital availability and strong research and development capacity.”

SLCM initiated a shift to change the perception from infrastructure driven to scientific warehousing processes. This has been clearly evident in the recent government policy change with its inclination towards scientific warehousing and its promotion.

Agri-Reach, which took about seven years to develop & is constantly evolving, covers the gamut of inspection services for agri-produce by not only quality monitoring but also prescribing curative steps if crops were found to be damaged. Weekly checks are carried out by SLCM auditors who are fortuitously tracked in specific geo-fenced warehouses and the information is relayed instantly to the headquarters. The Group has integrated the system in android-tablet device at all its locations. SLCM was the first company in India to bring bar-coded warehousing receipts as far as seven years back. And, also the first in the country to implement a centralised MIS and SAP system in a sector where data asymmetry is still a common hitch.

Each of the company’s customers can track their commodities through their system by just scanning the barcode at their end – right from which warehouse was it stored in to which truck was used for its transportation.
SLCM has a long list of felicitations to its credit and has been constantly focusing on creating the Differentiator in this field and over time demonstrated its capability in rolling out new and efficient products and services that benefit the agri logistics environment. Be it the AGRI REACH (patent pending) which reduces post harvest losses or Kissandhan (Group’s wholly owned NBFC to offer Warehouse Receipt Financing) which has changed the paradigm of agriculture financing to bring real “Financial Inclusion”. 

Sohan Lal Commodity Management Pvt Ltd (SLCM) is a global post harvest Agri-Logistics Group. It is ISO 9001: 2008, ISO 22000: 2005, ISO 33000, ISO 14001:2015 & OHSAS 18001:2007 certified company. The Group is an integrated player that provides one-stop solution to the end user with diversified portfolio of services ranging from Warehouse Management, Agriculture Financing, and Collateral Management to Procurement. SLCM warehouse management is equipped with technology to offer storage and protection services for the entire range of agri-commodities. SLCM has been handling more than 452 agri commodities including Cotton, Barley, Bajra, Castor Seeds, Wheat, Pulses, Maize, Spices, Aloe Vera, etc. across India. As on today, SLCM manages a technology enabled network of more than 1352 warehouses and 19 cold storages pan India with a total capacity of over 3.60 Million MT spread over 20.24 Million sqft and throughput of more than 431 Million MT.

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 Rs 678 crores across 75 locations and multiple commodities in India. It has impacted about 1,50,893 farmers till October 2016.
SLCM is the first & only company to commence operations in the field of warehouse management & collateral financing in Myanmar in 2014 with a rich pedigree in the agricultural sector. In a short tenure, SLCM Ltd (Myanmar), has been managing a network of 29 warehouses, 7.78 Million sqft of space, 134 different commodities with a throughput of 1.65 Million MT in Myanmar as on date. The company has tied up with five leading banks in Myanmar for Collateral Financing & enabled disbursement of loans worth $25 Mn through these tie-ups.

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