CrystleBreinl34: Created First Data First Draft

2026-02-08T01:42:27Z

Created First Data First Draft

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{{Short description|Indian Agricultural Warehousing company}}
{{COI|date=July 2024}}
{{Infobox company
| name = StarAgri Warehousing and Collateral Management Limited
| logo =
| caption =
| type =
| fate =
| predecessor =
| successor =
| foundation = April 2006
| defunct =
| location_city = [[Mumbai]]
| location_country = [[India]]
| location =
| locations =
| area_served =
| key_people =
| industry = [[Agribusiness]]
| products =
| services = Agriculture Warehousing
| revenue =
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| net_income =
| assets =
| equity =
| owner =
| num_employees = 2000+<ref name="star1">{{cite web|publisher=[[Business Today (business magazine)|businesstoday.in]]|title=This Rajasthan-based rural service provider has profited by helping farmers|date=April 28, 2013 |url=http://businesstoday.intoday.in/story/india-best-smes-2013-staragri-warehousing-and-collateral-management/1/193896.html}}</ref>
| parent =
| divisions =
| subsid =
| homepage = {{URL|http://www.staragri.com/}}
| footnotes =
}}
'''StarAgri''' is an [[Agricultural cooperative]] established in 2006 by former [[ICICI Bank]] associates.<ref name="star2">{{cite web|publisher=[Forbes India. Retrieved 2025-01-28]|title=StarAgri: Aiming For The Stars|url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/staragri-aiming-for-the-stars/94154/1#:~:text=How%20StarAgri%20Became%20India's%20Largest,Crore%20In%20Revenue%20-%20Forbes%20India}}</ref> The company provides services across the agricultural value chain, including [[warehousing]], [[collateral management]], [[procurement]], trade facilitation, and [[financial services]].

==History==
StarAgri was established in 2006 by Suresh Goyal, Amit Goyal, Amith Agarwal, and Amit Khandelwal to develop warehousing capabilities for [[India|India’s]] agricultural sector.<ref name="star3">{{cite web|publisher=[www.business-standard.com. Archived from the original on 2024-12-05. Retrieved 2025-01-28]|title=Standard, Business. "Star Agriwarehousing files IPO papers with Sebi, aims to raise Rs 450 cr|url=https://web.archive.org/web/20241205093731/https://www.business-standard.com/markets/ipo/star-agriwarehousing-files-ipo-papers-with-sebi-aims-to-raise-rs-450-cr-124120500503_1.html}}</ref>

In 2008, StarAgri expanded its services by introducing Collateral Management Systems (CMS) and Warehouse Receipt Financing (WRF) and started integrated lab testing services.

By 2012, StarAgri entered [[procurement]] and trade finance through its subsidiary, FarmersFortune (India) Private Limited. In 2015, it launched Agriwise Finserv, an [[Non-bank financial institution|NBFC]] platform offering Warehouse Receipt Financing.<ref name="star4">{{cite web|publisher=[The Economic Times.ISSN 0013-0389. Retrieved 2025-01-28]|title=Shanbaug, Amit (2012-06-18)."Dena Bank sign up agreement for Warehousing Receipt funding|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/dena-bank-sign-up-agreement-for-warehousing-receipt-funding/articleshow/14237838.cms?from=mdr}}</ref>

In 2016, StarAgri introduced Agritrade, an e-marketplace for agricultural commodities. In 2019, it developed Agrigates, a [[warehouse management system]] designed to enable real-time tracking of commodity movements.

In 2021, StarAgri partnered with banks for co-lending and a data-driven platform offering crop advisory services using [[Artificial intelligence|AI]], ML, and [[remote sensing]]. In 2022, the company expanded globally to [[Africa]], including Nigeria, Tanzania, Uganda, and Zambia <ref name="star5">{{cite web|publisher=[Forbes India. Retrieved 2025-01-28.]|title=StarAgri:Aiming For The Stars|url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/staragri-aiming-for-the-stars/94154/1#:~:text=How%20StarAgri%20Became%20India's%20Largest,Crore%20In%20Revenue%20-%20Forbes%20India}}</ref>

By 2023, StarAgri had a network of 1,380 warehouses across India, began operations in the [[Middle East]], and integrated blockchain technology into CMS and WRF operations. In 2024, it introduced geo-tagging and cadastral mapping for farmland monitoring and completed a crop estimation project using [[remote sensing technology]].<ref name="star14">{{cite web|publisher=[Forbes India. Retrieved 2025-01-28.]|title=StarAgri: Aiming For The Stars|url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/staragri-aiming-for-the-stars/94154/1#:~:text=How%20StarAgri%20Became%20India's%20Largest,Crore%20In%20Revenue%20-%20Forbes%20India}}</ref>

StarAgri has partnerships with 24 banks, including [[Canara Bank]],<ref name="star11">{{cite web|publisher=[BusinessLine. 2014-02-14. Retrieved 2025-01-28.]|title=Canara Bank, StarAgri tie up|url=https://www.thehindubusinessline.com/companies/Canara-Bank-StarAgri-tie-up/article20727243.ece}}</ref> [[Karnataka Bank]],<ref name="star12">{{cite web|publisher=[The Times of India. 2014-07-25. ISSN 0971-8257. Retrieved 2025-01-28.]|title=Karnataka Bank, Star Agri sign MoU on extending storage facilities to farmers|url=https://timesofindia.indiatimes.com/city/mangaluru/karnataka-bank-star-agri-sign-mou-on-extending-storage-facilities-to-farmers/articleshow/38997628.cms}}</ref> and [[Axis Bank]], to provide financing to farmers and traders. In 2014, [[Temasek Holdings]] invested ₹250 crore, which was allocated for developing assets such as warehouses and [[logistics]] facilities.<ref name="star13">{{cite web|publisher=[upstox.com. Retrieved 2025-01-28.]|title=Upcoming IPO: Temasek-backed Star Agri files draft papers with SEBI to raise funds via public issue|url=https://upstox.com/news/market-news/ipo/upcoming-ipo-temasek-backed-star-agri-files-draft-papers-with-sebi-to-raise-funds-via-public-issue/article-133427/}}</ref>

==Operations and Service==
StarAgri operates a network of 2,189 [[warehouse]]s across 19 states in India, with a storage capacity of 5.2 MMT. The company's services include:<ref name="star6">{{cite web|publisher=[www.business-standard.com. Archived from the original on 2024-12-05. Retrieved 2025-01-28]|title=Star Agriwarehousing files IPO papers with Sebi, aims to raise Rs 450 cr|url=https://web.archive.org/web/20241205093731/https://www.business-standard.com/markets/ipo/star-agriwarehousing-files-ipo-papers-with-sebi-aims-to-raise-rs-450-cr-124120500503_1.html}}</ref>

==Subsidiaries==
*Agriwise Finserv Limited<ref name="star8">{{cite web|publisher=[BrandLabs, Inc42 (2024-08-27). "How Temasek-Backed StarAgri Is Applying Tech To Streamline The Agri Value Chain"]|title=BrandLabs, Inc42 (2024-08-27). "How Temasek-Backed StarAgri Is Applying Tech To Streamline The Agri Value Chain"|url=https://inc42.com/startups/how-temasek-backed-staragri-is-applying-tech-to-streamline-the-agri-value-chain/}}</ref>
*FarmersFortune (India) Private Limited
*Star Agribazaar Technology Private Limited

==References==
{{reflist}}

[[Category:Agriculture companies of India]]

StarAgri - Revision history

CrystleBreinl34: Created First Data First Draft