New Delhi, Nov 20 – Sohan Lal Commodity Management (SLCM), a leading warehousing and collateral management firm, has entered into a strategic partnership with Bank of Baroda to offer collateral management services for agricultural financing. This collaboration will allow farmers to access credit against their crops through Bank of Baroda’s extensive network across India, as stated by the company.
SLCM’s assets under management (AUM) have seen a significant increase of 73% in the first half of fiscal year 2024-25, reaching Rs 11,952 crore, compared to Rs 6,911 crore in the same period last year.
Sandeep Sabharwal, Group CEO of SLCM, highlighted that the company’s Agri Reach technology, combined with its physical infrastructure, will help reduce default risks and enhance financial access within the agricultural sector. SLCM operates over 17,000 warehouses and 36 cold storage facilities across 19 states in India, managing over 1,080 commodities such as cotton, pulses, and maize.
The company also maintains partnerships with more than 20 financial institutions in India and Myanmar, further strengthening its position in the agricultural financing landscape.
