A trailblazer and industry leader with proven track recordSLCM, 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.
Speaking on the group’s milestone, Mr. Sandeep Sabharwal, CEO, SLCM Group, said “The achievements of SLCM in a short span of 8 years is truly astounding and reflects the level of commitment and expertise the group possesses. Our path breaking innovations such as ‘Agri-Reach’ and ‘Kissandhan’ and focus on scientific process management will help us achieve much more in the future. Our operations in Myanmar have proven to be a stepping stone for us to build a truly global footprint. I congratulate everyone at SLCM for accomplishing these wonderful milestones and on completing 8 years of successful operations”.
The company is backed by marquee investors including Nexus Venture Partners, May field Fund, Everest one Capital Venture, ICICI Bank’s EIF Fund, Creation Investments Capital Management, In coffin Investment Management, Response Ability Investments AG.
The group has a vision to build a global footprint across geo-climatic regions as the preferred agro services provider across the entire agriculture value chain. Towards this, SLCM forayed into its first overseas venture in Myanmar in 2014 and more such international operations are in the pipeline mainly in the ASEAN region.
SLCM has entered into tie-up agreements with 6 leading banks in India and 5 banks in Myanmar to offer collateral management services. The group is also accredited with three leading national exchanges i.e. MCX, ACE & NMCE. The Myanmar operation of SLCM Ltd. manages a network of 54 industrial zones, 12.90 Million sq. ft. of warehousing space and a throughput of 3.76 million MT. Globally, SLCM handles a total of 607 varieties of commodities as part of its operations and is India’s first and only group to manage 3rd party silos with 8 silo chambers, 696,960 sq. ft. of area & 100,000 MT of capacity. SLCM is actively looking to expand its global network and entering Cambodia, Vietnam, Laos and Africa where post-harvest losses are very high.
‘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 bio metrics, 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 byWorld Bank for his contribution to the report ” Enabling the Business of Agriculture 2017“.
Corporate Comm India(CCI Newswire)
