New Launch22 May 2025, 03:10 pm
Kothari Industrial Corporation Ltd Enters Agri-Commodities Business with PayAgri
AI Summary
Kothari Industrial Corporation Ltd (KICL) has signed an agreement with PayAgri Innovations Pvt. Ltd. to source agriculture products and provide various commodities services. KICL will receive purchase orders from clients, retain its profit margin, and issue back-to-back purchase orders to PayAgri. PayAgri will source and supply the required commodities through its vendor network. This agreement enables KICL to enter the agri-commodities business with minimal risk and investment, expanding its revenue streams and serving institutional buyers without holding inventory.
Key Highlights
- KICL enters agri-commodities business with PayAgri
- PayAgri to source and supply required commodities
- KICL to retain profit margin
- Agreement to expand KICL's revenue streams
- KICL to serve institutional buyers without holding inventory