<div><strong>Arshad Khan</strong><br><br>While e-commerce and tech companies appear to be in favour when it comes to start-ups, Mayank Dhanuka of Origo India has zeroed in on post harvesting management solution to capture the big commodity market in India. Since starting operations in 2010, Origo India has witnessed a tremendous growth in providing warehousing and allied services.</div><div> </div><div>Dhanuka, Co-founder and Director of Origo India, explains that in order to set equilibrium in the operation and bring convergence in the business, Origo will concentrate more on expanding their procurement business.</div><div> </div><div>“Procurement service which we have started two years ago has started emerging as one of core focus area. We are sure that in a year or two, it will outrun other services provided by us,” says Dhanuka. In the current fiscal 2015-16, the company aims to generate revenue of Rs 200 crore.</div><div> </div><div>The company at present operates 50 plus warehouses across 15 states in the country. It provides warehousing services to giants like ITC and to government agencies. </div><div> </div><div>Origo has been managing the foodgrain stock of FCI through its nodal agency PUNGRAIN, in Punjab, for capacity of over 27 lakh MT, which represents almost 5 per cent of total MSP procurement of food grains (Wheat and Rice) by FCI across the country.</div><div> </div><div>The company has grown manifolds by providing financial services to Indian farmers. “Origo provides certificates of guarantee to banks for loans to farmers in lieu of the crops stored in their warehouses. These bags of crops act as collateral for the lending banks,” says Dhanuka.</div><div> </div><div>On the prevailing condition of Indian warehouses, he said India lags developed nations by more than 50 years when it comes to sensible storing of food in warehouses. The concept of zero wasting is not followed in India. He believes Indian warehouses are affected by unfriendly monsoon and labour problems.</div><div> </div><div>Origo currently manages 35 lakh tonne of agricultural produce across 15 states in 500 warehouses with total assets under management worth Rs 8,500 crore.</div>
 (Source - www.nasa.gov) (1)_20240611160701_original_image_40.webp)
