Indian Agriculture Industry amounts for more than 1/5th of the GDP and that is 20% of the GDP. So This Industry has a very huge market.
StartAgro Warehousing & Collateral Management is a Company in Agriculture Industry -
- The Company founded by 4 founder members 2 years ago. Amith Aggarwal is one of the founder member.
- All the 4 founder members have put Rs.5 lakh each from their own Savings as a start-up Capital & Launched a StarAgro Warehousing & Collateral Management Company
- In just 2 years, the Business has grown to revenues of Rs.2.86 Crores and a profit of Rs. 86 Lakhs with clients like ITC, Britannia and Adani
- The Company has 4 basic Revenue streams. The First involves producing commodities from farmers and than selling them to farmers. The Second is what they started with 50 hectares of land. Today, the Company owns 200 Hectares. The third is the Business of collateral management. Here if a farmer wants a loan, he can pledge his produce to be stored in StarAgri’s warehouses for which he gets a receipt, which is accepted by banks as collateral. The farmer gets 75% of the loan, and this has become quite popular, making up to 25% of Star Agri’s revenues.
More importantly, they have the money lender out of Business by providing credit to farmers at 11% interest. The Fourth is, Start Agri has also ventured in commodity Insurance.
- This year the company will be setting up around 25 agricultural marketing yards where farmers and buyers can come together without any meddling intermediaries, making the middle man redundant. Star Agri has already tied-up with NCDEX.
- StarAgri has now presence in Gujarat, Rajasthan, Punjab, Haryana & Madhya Pradesh.
So over all, StarAgri is a great Business Idea. StarAgri helps farmers escape the clutches of the money lenders and intermediaries. While start-ups have been the vogue in Industries like IT & telecom, even big companies have bad second thoughts while venturing into Agriculture Industry, These types of start-ups are a great start-ups….!!!!!!!!!!
StartAgro Warehousing & Collateral Management is a Company in Agriculture Industry -
- The Company founded by 4 founder members 2 years ago. Amith Aggarwal is one of the founder member.
- All the 4 founder members have put Rs.5 lakh each from their own Savings as a start-up Capital & Launched a StarAgro Warehousing & Collateral Management Company
- In just 2 years, the Business has grown to revenues of Rs.2.86 Crores and a profit of Rs. 86 Lakhs with clients like ITC, Britannia and Adani
- The Company has 4 basic Revenue streams. The First involves producing commodities from farmers and than selling them to farmers. The Second is what they started with 50 hectares of land. Today, the Company owns 200 Hectares. The third is the Business of collateral management. Here if a farmer wants a loan, he can pledge his produce to be stored in StarAgri’s warehouses for which he gets a receipt, which is accepted by banks as collateral. The farmer gets 75% of the loan, and this has become quite popular, making up to 25% of Star Agri’s revenues.
More importantly, they have the money lender out of Business by providing credit to farmers at 11% interest. The Fourth is, Start Agri has also ventured in commodity Insurance.
- This year the company will be setting up around 25 agricultural marketing yards where farmers and buyers can come together without any meddling intermediaries, making the middle man redundant. Star Agri has already tied-up with NCDEX.
- StarAgri has now presence in Gujarat, Rajasthan, Punjab, Haryana & Madhya Pradesh.
So over all, StarAgri is a great Business Idea. StarAgri helps farmers escape the clutches of the money lenders and intermediaries. While start-ups have been the vogue in Industries like IT & telecom, even big companies have bad second thoughts while venturing into Agriculture Industry, These types of start-ups are a great start-ups….!!!!!!!!!!
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