Sohan Lal Commodity Management Limited (SLCM), a leading post-harvest logistics and Agri-solutions company in India, has announced a collaboration with IDBI Bank and Punjab & Sind Bank to provide unified collateral management services across the country. This partnership marks a significant milestone for SLCM, expanding its portfolio to 27 banking partners across India and Myanmar. The company’s Group CEO, Sandeep Sabharwal, stated that this collaboration reflects the growing trust in SLCM’s scientific and industry-proven collateral management and warehousing services.
SLCM’s extensive network covers 22 states across India, managing over 20,742 warehouses and 96 cold storage facilities, and offering post-harvest solutions for more than 1274 commodity variants. Through this partnership, farmers dealing in commodities such as cotton, pulses, maize, spices, and other staples will gain access to comprehensive financing and collateral management services. The company has demonstrated remarkable growth, generating storage receipts worth ₹88,219 crore to date, with a 257% surge in the past five years.
SLCM’s warehousing business has been growing steadily, driven by the strong trust that stakeholders place in the company’s capabilities. The company’s patented technology platform, ‘Agri Reach’, enables real-time monitoring of Agri-commodities and ensures efficient, transparent, and secure storage. Agri Reach has significantly reduced post-harvest losses from the industry average of 10% to just 0.5%, directly benefiting millions of farmers, FPOs, and agri-businesses across the supply chain.
The partnership with IDBI Bank and Punjab & Sind Bank will leverage SLCM’s Agri Reach technology to deliver secure and scalable warehousing solutions. Salman Ullah Khan, CBO cum Director of SLCM, expressed that the company’s growth reflects the robustness of its model and the tangible value it brings to the Agri ecosystem. By ensuring transparency, reliability, and innovation in its services, SLCM is strengthening the Agri-finance value chain and creating long-term benefits for farmers, traders, and financial institutions alike.
Overall, SLCM’s collaboration with IDBI Bank and Punjab & Sind Bank is a significant step forward in providing unified collateral management services across India. The company’s commitment to innovation, transparency, and scalability is expected to drive growth and advancement in the Agri-finance ecosystem, ultimately benefiting millions of farmers and stakeholders across the country.