Arya.ag, India’s only profitable integrated grain commerce platform, has announced its financial results for the fiscal year 2023-24, showcasing significant growth and profitability despite challenges from policy changes and weather-related issues. Arya.ag reported a remarkable 106% growth in gross revenue, reaching ₹4,150 crores, while net revenue increased by 20% to ₹360 crores.
The company’s profit before tax surged by 36% year-on-year to ₹17 crores, with a net margin of 4.7%. This robust financial performance, considering all expenses including interest, taxes, and depreciation, underscores Arya.ag’s financial strength.
Arya.ag’s business model, which focuses on managing risks, delivering financial results, and creating value for stakeholders in the agricultural ecosystem, has been instrumental in its success. The company’s emphasis on capital efficiency, exemplified by models like co-lending and business correspondent associations, has resulted in a five-fold increase over the past year.
During FY 2023-24, Arya.ag facilitated transactions worth ₹22,796 crores, with total disbursements of ₹12,895 crores and nearly zero non-performing assets (NPAs). The platform also facilitated a total commerce of ₹4,523 crores.
The integrated agChain and asset-light model have been pivotal in Arya.ag’s success, addressing key questions around when and to whom Indian farmers should sell their produce. By integrating various aspects of the agricultural value chain, including warehouse discovery, farmgate-level storage, financing, and market linkages, Arya.ag has developed a comprehensive digital platform serving stakeholders across the spectrum.
Prasanna Rao, Co-Founder and CEO at Arya.ag, expressed, “At Arya.ag, we remain dedicated to strengthening our margins and profitability while significantly contributing to customer value. We will deepen our presence across geographies, especially strengthening our impact in vulnerable geographies for climate resilience and adaptation. In the coming financial year, we will strengthen the linkage of farmers and markets using technology, further our satellite monitoring capabilities, and empower farmers to make informed decisions.”
Looking ahead, Arya.ag is committed to enhancing its margins and profitability while delivering value to its customers. The company plans to expand its presence across geographies, particularly in regions vulnerable to climate change, to support climate resilience and adaptation. Arya.ag will also continue to develop its blockchain offerings, AI, and deep tech capabilities to enhance visibility, transparency, and assurance across the agri-value chain.
For more information about Arya.ag and its impactful initiatives in the agricultural sector, visit their official website.
