Organic farming company gets VC backing

From VC Circle:

This could be the first venture capital investment in an organic farming business. Mumbai-based venture capital firm Nexus India Capital has made an undisclosed investment in organic farming company Suminter India Organics Pvt. Ltd.

This is an interesting investment as one does not normally associate VC funding with farming. Suminter, however, attracted the investors due to its scalability. The company actually pays its contract farmers a surplus over market prices for their goods, centralizes it and then exports it to other parts of the world.

The company works on a buy-back arrangement, in which it pays farmers a premium, typically 10-15 per cent, over the market price. The harvest is processed and packaged at a central unit and then shipped overseas. It exports directly to the US and through a Netherlands-based subsidiary to Europe. The funding will be used to expand its reach to 10 Indian states.

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10 Comments

  1. j v muralikrishna
    Posted March 5, 2009 at 7:56 am | Permalink

    I am interested in starting an “organic farm” of 100 acres nearing to my city on east coast -facing bay of bengal. Land is available at around 50 km from city on NH5 and priced at Rs.6 crore for 100 acres. Abundant water source with a water canal abutting the land. The city population is around 25 lakhs and bulging day by day. An ‘organic’ shop also can be opened in the city. An investor like Nexus India capital is required to fund the project.
    thanking you
    muralikrishna

  2. Ankur Saraf
    Posted September 19, 2009 at 4:35 am | Permalink

    I am interested in starting organic farming in the state of MP. The area is known for producing wheat,and other pulses.
    As the area is new to organic farming, there is a huge potential.

    Request for any suggestions for the same.

  3. Dr.BalbirSinghJosan
    Posted November 16, 2009 at 11:29 pm | Permalink

    Former regional manager Punjab State Seeds Corporation with 30 years Experience in Seed Industry & Organic farming- Now Running Agriculture Based Consultancy as “JosanAgro” at Ludhiana -Seek Contract Jobs with ORGANIC FARMING COMPANIES OR ORGANIC INSECTICIDES/PESTICIDES Or Organic Manures & Fertilizers or as Consultant With the company in the Marketing,of Inputs & Organic Food Or other Products.

    Balbir Singh Josan./ MSc Agriculture – JOSANAGRO

    BalbirSinghJosan
    17ff.Hig Flts, Block-A.
    BRS.Nagar.Ludhiana-141004
    /
    .

    Objective-:

    Seek Responssible Management Level Job with Reputed Commercial Organiztions/MNC/ or Known at National / International lavel in the field of (1). Contract Farming, in Major Crops (2) Seed Technology (3) Organic Farming and apply theoratical and practical Agricultureal knowledge to meet as well as exceed customer expectations on the basis of my 30 years Managerial & Technical experience in the field of Contract Farming & Seed Technology.

    Education.

    Khalsa College Amritsar (Guru Nanak Dev University), Amritsar Punjab.India
    • M.Sc. Agriculture Technology Management, Dual emphasis in Agriculture Economics & Agronomy and Allied fields wit seminars on Emmerging problems in Agriculture with Scientists as Well as with the farmers.
    • B.Sc.Agriculture Technology Managements,Dual emphasis in Farm Management Techniques ,Production & Marketing of Agriculture Produce & seminars in Cotract farming techniques.
    • Cumulative GPA/ %age. M.Sc Agriculture .1st Division with 67 % Marks. B.Sc Agriculture High 2nd Division with 59.8 % Marks.

    Related Course Work

    A) M.Sc.Agriculture.( Part-1&2)

    • Major Subject-1).Agriculture Economics With Specialization in Agriculture Marketing, Marketing surveys in Agriculture with existing problems being Faced during Marketing of their produce & suggestions.
    • 2).Agriculture Statistics Theory & Practical…
    • 3).Agronomy as Minor Subject including Agronomic Practices in Major Crops of Punjab i.e., Rice, wheat.maize & others. Diversification of crops with Basmati, vegetable cultivation, pulses crops, & other Economical Crops.
    • 4) Experimental statistics including Practical aspect of statistics.
    • Research Work & Submission Of Thesis. Research work was carried out on ” Marketing of oil seeds in Punjab with special reference to the Amritsar District”
    Thesis was submitted to The GURU NANK DEV UNIVERSITY – – AMRITSATAR

    B) B.SC Agriculture ( Part.to-1V)

    • Part-1) 1.Agronomy, 2,Chemistry, 3.Zoology, 4.Botany, 5.Physics, 6.Mathematics, 7.Panjabi,

    • Part-11) 1.English, 2. Soil Including Manures & Fertilizers, 3.Organic Chemistry,4.Agriculture Engineering& Land Survey,5.Animal Husbandry,6.Agriculture Botany( Plant Physiology, Genetics & Plant Breeding Ecology.7.Field Crops

    • Part-111).1.Irrigation and drainage and soil & water conservation,2.Horticulture ( Olericulture and Floriculture), 3.Dairying including Animal Hygiene,4.Crop Botany,5.Statistics,6.Agriculture Economics and rural Sociology,7.Agriculture Zoology and Entomology,

    • Part-1V).1.Farm management, 2.Horticulture -II,3.Plant Protection,4.Agriculture Extension,5.Agriculture Economics as Elective major subject.

    Activities-

    • Active member of Khalsa college Amritsar farmer advisory council Amritsar 1970-71 to 1974-76.
    • Member Crop diversification club Amritsar.
    • Honorary Member life sciences student Advisory council.
    • Member of Virk seed farm Advisory Committee Jandialaguru, Amritsar.( 1974-1991)

    Awards and recognition

    • Received Appreciation letter from Board of Directors of Punjab state seeds Corporation Chandigarh , vide letter no. PSSC / ADMN / 7449 dated 31-01-1996 for commendable job for increasing certified seed production of Paddy, wheat, cotton & oil seeds under Contract farming in Seed production, while serving as Regional manager.

    • Received Appreciation letter from BOD of Punjab State seeds Corporation, vide letter no PSSC/Admn :Misc:16/7711Dated 21-01-1988,for commendable work done me in various fields in Contract farming.
    • Received Appreciation Letter & cash award of Rs 500/ for outstanding performance in Completion of Certified seed processing & its dispatching ,on behalf of national Seeds Corporation Ltd,vide letter No.PSSC:Admn:A-1:87:Misc :16:6712-25 Dated December 15,1987 while working as Dy,Seed production officer, Regional manager, Dy.Manager Quality control,

    Professional experience-

    30 years professional experience in the field of Contract farming in Agriculture and seeds industry as per detailed below

    • 22years 4 months in Punjab state seeds corporation .worked at Senior Level posts& got vrs from the post of Regional Manager on April 2000.
    • 8 years Experience, Working with Kranti seed Farms Philaur wef may 2000 as General Manager Production & marketing including Quality of Seeds. Company is producing Rice, wheat, Potato on contract farming system and running owned organic farming & Seed production Consultancy services agency.

    Summary and skills

    • A highly talented Agriculture Professional with experience spanning more than 30 years in contract farming & Farm management practices.

    • Proven ability to grow farms and ranch by over 30% annually.

    • Expert in Contract farming ,Seed Technology, Organic farming Management ,Agriculture Economics & marketing, crop diversification projects .plant & pest services,

    • Agricultural Research operations in support of research, extension & teaching activities .excellent negotiating skills with banks and other credit lenders to get the best financing deals in agriculture

    • Deep understanding and effective management of product price fluctuations.

    • Knowledge and Application of computers for increased productivity and great skills with extra ordinary goal getting

    • Ability as well as excellent communication and interpersonal skills.

  4. Jitendra Kumar Nigam
    Posted December 17, 2009 at 6:30 am | Permalink

    Young, doctarate agriculturist immediatly available for work in agri division/ seed production, A lower package accepted with healty work environment. Currently working as Manager-Seed Production at Hyderabad.

  5. Ranjan Bera
    Posted March 23, 2010 at 4:16 am | Permalink

    I am a post graduate in Agricultural Chemistry & Soil Science from Calcutta University and recently submited my Ph.D. thesis. I am working in the feild of organic farming for last 4 years and looking for better options in the feild of organic farming.

  6. Dr Balbir Singh Josan
    Posted March 27, 2010 at 10:56 pm | Permalink

    JosanAgro a Punjab Based Consultancy firm ,is educating the farming community to adopt Organic farming.With this object JosanAgro have entered into MOU with a Homoeopathic Firm as Consultant Cum Distributor ,to promote the sale of Homoeopathic Agriculture Spray,Developed by Shukla Homeopathic Pharmacy in Punjab. Field trials have Given + ive results.Homoeopathic spray Manufactured with a combination of 6 Homoeopathic Medicine ,& this single spray control all types of Fungal disease, Bacterial diseases, works as a repellent & its timely use save the crops from all types of insect/pests & diseases.It is also a Growth promotor in plants.JosanAgro requests the Farmers ,Consultants Firmes & particularly Organic farming Promoting Companies to call us for furthe details.

    Dr Balbir Singh Josan,Former Regional Manager,Punjab State Seeds Corporation Ltd,78/06,

  7. Dr Balbir Singh Josan
    Posted March 27, 2010 at 11:08 pm | Permalink

    Hello ,

    ………………………………………….. JosanAgro Call to all the Dealers,Distributors, Farmers ,& organizations cocerned with Organic farming to contact us & use Homoeopathic Agricultures Spray.Appointments of dealers ,distributors is in Progress. rate/liter is very low as compared to the Chemical Spray.Product is Certified as Organic by NOCA.

  8. anchal
    Posted April 22, 2010 at 9:38 am | Permalink

    hi i live in delhi….i ve few acres of land n i would like to get into organic farming………plzz suggest me the basic idea on this wht product would be suitable for this climatic conditions……n an approximate cost of the project

  9. vaibhav verma
    Posted September 10, 2010 at 2:18 am | Permalink

    our company is selling organic farmlands in delhi/ncr near tronica city
    …………200acres of project
    if anybody is interested calll me as soon as possible
    …… vaibhav ,

  10. Posted November 14, 2010 at 8:32 am | Permalink

    those deeply interested in organic farm related jobs can check out our company .we also do organic herbs,crops,dairy ,productscts and now seeds.forest devlopment and biodiversity enhancement,and ecolological consultancy,are our activities too.

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