Salam Kisan Achieves Rs 23.61 Crore Revenue in FY 2024

Salam Kisan, a pioneering agri-tech platform, has recorded a remarkable 11X growth in revenue for the fiscal year 2023-2024, reaching an impressive total of Rs 23.61 crore. This exponential growth showcases the company's success in leveraging its operational efficiency in drones and technological capabilities to boost overall sales and profitability.

Offering services across 35 districts in Maharashtra, Salam Kisan covered 41,000 acres in drone spraying that generated a revenue of Rs 2.41 crore. The success of their drone services and real-time crop calendar with agri-input recommendations has boosted Salam Kisan’s agri-input sales, which recorded a significant Rs 5.41 crore. Additionally, the company’s buyback program for farmers using the Salam Kisan platform and services throughout the agricultural cycle offered linkages worth Rs 15.225 crore in FY 23-24. By onboarding over 80 FPOs, Salam Kisan makes their advanced agricultural technology accessible to a wider spectrum of farmers.

Salam Kisan is a multi-stack precision farming platform that helps farmers in making informed decisions. They provide an array of services that leverage technology and data insights to empower modern farming practices. These services include an AI-enabled crop calendar for tailored crop management, precision agriculture guidance, customized fertilizer dosage recommendations, drone rental for fertilizer and seed spraying, farm mapping, input product marketplace, farmers community, government convergence, agriculture news, traceability solutions, and guaranteed output procurement.

Over the past year and Q1 24-25, Salam Kisan, under its parent company PRYM Group, has invested Rs 9.1 crore in developing agricultural drones and precision farming software. These advancements enhance the company’s technological and operational capabilities, enabling farmers to use drones and advanced analytics to optimize crop yield and soil health. This investment significantly boosts farmers' productivity and profitability. The company deployed over 50 drones and pilots in Maharashtra, saving at least 70 lakh liters of water through optimized drone-based spraying.

Dhanashree Mandhani, Founder & CEO of Salam Kisan, said, “Our exceptional growth and remarkable increase in revenue this fiscal year is a clear indication of our commitment to transforming the agricultural sector through innovation and technology. Our crop calendar, drone services, and precision farming tools have not only improved yields but have also redefined farming practices in India. Farmers using Salam Kisan have seen an incremental revenue of at least ₹16,000 and a 30% cost saving each season. As we expand into Uttar Pradesh and Madhya Pradesh, we intend to aid more farmers across India with our advanced agritech solutions.”

Salam Kisan projects an additional Rs 16 crorein revenue from drone spraying services and input sales during the upcoming Kharif season, driven by farmers' increasing adoption of its application. The company has been bootstrapped with positive EBITDA since its inception, and Salam Kisan is expecting to raise its first round of investment to expand its business with drones and increase market penetration.

Additionally, the company’s success in drones has given it the confidence to double down on the potential of drones in precision farming. Salam Kisan is now focused on powering the farmer's journey on its platform through drones and AI. This expansion is expected to accelerate the company’s growth further and bring its advanced services to a larger agricultural community.

Since its inception, Salam Kisan has transformed the Indian agricultural landscape by engaging with more than 1 lakh farmers through 250+ centers across 7,000 villages. The platform covers 67+ crop varieties, impacting 60,000 acres of farmland with over 200 agricultural input products. This impressive impact underscores Salam Kisan's commitment to a more integrated and prosperous future for farming communities.