Samunnati, a prominent agri-value chain enabler based in India, has demonstrated remarkable financial strength by raising a substantial Rs 2,300 crore in debt funding during the fiscal year 2024-25. This impressive figure represents a significant 50% jump compared to the previous fiscal year, underscoring the growing confidence in Samunnati’s business model and its crucial role in the agricultural sector.
This significant capital infusion has been strategically achieved through a diversified approach to lending. Samunnati has successfully leveraged debt market instruments, and securitization, and increased its exposure to traditional banking channels. This diversification has not only bolstered its financial capacity but has also enabled the onboarding of 12 new prominent lenders, expanding its total lender relationships to an impressive 46.
Expanding Lender Network Reflects Strong Fundamentals
The addition of esteemed banking institutions such as the State Bank of India, Indian Overseas Bank, Federal Bank, Kotak Mahindra Bank, Karur Vysya Bank, and ESAF Small Finance Bank signifies the increasing recognition of Samunnati’s impact and potential within the financial ecosystem. Furthermore, the company has also forged partnerships with several development finance institutions, including Blue Earth, USDFC, and Enabling Qapital, along with notable Non-Banking Financial Companies (NBFCs) like Piramal, Shriram Finance, and Ambit. This diverse portfolio of lenders highlights the broad appeal of Samunnati’s mission and its robust operational framework.
Strong Growth and Enhanced Liquidity Position
The newly secured funds have directly translated into significant growth for Samunnati. The company reported a Gross Transaction Value exceeding Rs 7,000 crore, demonstrating the scale of its operations and its impact on the agri-value chains it supports. Moreover, Samunnati has witnessed a healthy 30% increase in its average Assets Under Management (AUM), now at a robust Rs 2,000 crore.
Notably, despite the prevailing tight liquidity environment within the broader financial landscape, Samunnati has adeptly managed its finances to maintain an average monthly liquidity of Rs 142 crore. This represents a substantial 65% increase compared to the previous year, highlighting the company’s prudent financial management and its ability to navigate challenging market conditions effectively.
Commitment to Sustainable and Impact-Driven Growth
Anil Kumar SG, Founder of Samunnati, emphasized the company’s unwavering commitment, stating, “Samunnati remains committed to enabling agri value chains and its players with customized solutions that empower the value chain players and promote impact-driven growth in the agriculture sector. Our ability to raise capital efficiently, even in a challenging liquidity environment, is a testament to the trust our lending partners have placed in us. As we continue to scale, our focus remains on empowering smallholder farmers, farmer collectives and agri-enterprises with innovative solutions.”
Founded in 2014, Samunnati has been instrumental in providing crucial financial and non-financial support to marginal, small, and medium farmers, alongside agri-enterprises and various participants within the supply chain. The company currently operates across more than 100 agricultural value chains spanning 23 states, with an ambitious goal to reach one in every four farming households by the year 2027.
Further solidifying its commitment to sustainability, Samunnati achieved a significant milestone by becoming the first NBFC in the agriculture sector to list a green bond on the Bombay Stock Exchange in FY25. Looking ahead, the company has a promising debt pipeline of over Rs 600 crore already lined up for the first quarter of the fiscal year 2025-26, indicating continued growth and expansion in its efforts to empower India’s agricultural ecosystem.
Subscribe:
Stay connected with the latest updates, exclusive insights, and curated content by subscribing to my newsletter.
Leave a Reply