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SLCM Group Receives Patent for its ‘Agri Reach’ Technology Platform in Warehousing Segment

According to a study conducted by FICCI, Agri Reach can reduce Post-Harvest losses from 10% to 0.5%, which can help to avoid losses worth over 1 lakh Crore per annum in the Indian Agri economy. SLCM’s proprietary centralised real-time process management system ‘Agri Reach’, has allowed the company to scale its AUM per day from INR 1010.9 Crore in FY17 to INR 5322.75 Crore (as on March 20, 2022).

Abha Toppo
sandeep
Sandeep Sabharwal, Chief Executive Officer, SLCM Group

Sohan Lal Commodity Management Pvt. Ltd., India’s leading Post Harvest Management Group (SLCM Group) on 22 March 2022 announced the receipt of ‘Patent Certificate’ from the Patent Office, Government of India for its application titled “Methods For Real Time Data Management” filed on December 16, 2013.

SLCM Group is the only company in the Indian Agriculture sector that has registered a technology patent in the Agri Logistics (Warehousing) segment till date that is spanning 75 years post-Independence

Since India’s independence, the agriculture sector has been growing at a steady pace but till date the granary of India which is the warehouse where the food security is stored has pained the economy by posting a 10% loss of grains stored. This loss has been attributed to various factors like archaic storage systems, lack of infrastructure, ignorance of scientific methods etc.

It is worth mentioning that in the past 75 years when there has been tremendous advancement in all sectors, only one company in the Agri storage domain took upon itself to do scientific research and come out with a technological solution to counter this with a solution that has the potential to bring in the second green revolution in Agriculture.

Commenting on this momentous achievement, Sandeep Sabharwal, Chief Executive Officer, SLCM Group, said, “Observing the increasing pace of technology penetration, I had the vision of ‘Phygitalizing’ the warehouse management system over a decade ago. With a dedicated team of professionals, we created ‘Agri Reach’ – a system that enables effective warehousing solutions agnostic of infrastructure, geography, and crops. With firm belief in our innovation and a passion to improve Indian agriculture, we applied for the patent 9 years ago. Today, it gives me immense pleasure to say that our patent application has received its accreditation from the Government of India. This brings us one step closer to revolutionizing agriculture at the ground level.”

Agri Reach, SLCM Group’s proprietary solution, allows real-time monitoring and management of crops. Under the umbrella, the invention offers a diverse set of services such as audit receipts, quality control, and surveillance. This helps agriculture experts to maintain the health of stored crops and ensure optimum quality using a series of processes, audits, and real-time tracking of the facilities.

Agri Reach is capable of establishing industry-standard warehouse operations anywhere across the country within 24 hours.The impact of Agri Reach implementation across the business verticals of SLCM Group has resulted in remarkable growth, which is considered as an industry benchmark. In 2017, SLCM Group was handling Assets Under Management (AUM) worth INR 1010.9 Crore per day. In comparison to this, the current outstanding AUM handled by the company per day has a net worth of INR 5322.75 Crore (as on March 20, 2022).

Sandeep Sabharwal said “Warehousing represents the Granaries of Agriculture and Agri Reach has the ability to transform Agri storage across India. According to a study conducted by FICCI, Agri Reach can reduce Post-Harvest losses from 10% to 0.5%. By the virtue of these numbers, Agri Reach can enable Indian Agriculture Industry save over US$13 Billion per annum said the study . The impact of this figure will reflect in improved productivity, efficiency, farmer income, and ultimately, better food security for the nation.“

Apart from this, SLCM Group is currently working on various other technologies that have the capability to enable the efficient integration of physical infrastructure with digitized enterprises, thereby strengthening the foundation of the ‘Phygital’ agriculture supply chain.

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