63 moons technologies ltd’ National Bulk Handling
Corporation (NBHC) was established with a vision to provide logistical support
to the commodities futures industry, the group set up NBHC in 2005 - the
nation’s only Warehousing and Commodity Management solution entity with an ISO
22000:2005 certification.
The NBHC also promoted collateral management
services in the form of warehouse receipt financing. It’s been India’s largest
warehousing and collateral management facility in the private sector which
helped farmers and producers of commodities with globally benchmarked practices
of post-harvest production management and warehouse receipt based financing
NBHC emerged as #1 agro-commodity and collateral management company in India
and met requirements of farmers and processors with presence across 19
states and 900 locations. It had
a pan-India network of 35+ Quality Assurance laboratories which provided
quality assaying expertise in 160+ Commodities
The enterprise cumulatively managed
commodities of over 20 million Metric Tonnes valued at Rs. 42,000 crore, and
facilitated cumulative Warehouse Receipt Financing for about Rs. 30,000 crore
through 42 banks.it also facilitated procurement
under minimum support price as an agent of Food Corporation of India and
Government of India. Generated employment opportunities and sustainable income
for a large section of rural and local communities.
Read More - 63 Moons - An Insurgency in Fintech Space
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