Even as global crop prices fall, India’s Arya.ag is attracting investors — and staying profitable

Company Overview - Arya.ag is an Indian agritech company founded in 2013 by former ICICI Bank executives, focusing on providing storage facilities and lending services to farmers [3] - The company has remained profitable despite falling global crop prices and has attracted significant investor interest, raising $81 million in its latest Series D funding round [1][2] Business Model - Arya.ag offers farmers more control over the sale of their crops by providing storage close to farms and allowing them to borrow against stored grain [3] - The company aggregates and stores approximately $3 billion worth of grain annually, which is about 3% of India's national output, and facilitates around $1.5 billion in loans each year [4] Financial Performance - For the year ending March 2025, Arya.ag reported net revenue of ₹4.5 billion (around $50 million), with a 30% increase in first-half revenue for the current financial year, reaching ₹3 billion ($33.3 million) [6] - Profit after tax for the previous year was ₹340 million (approximately $3.78 million), which has increased by 39% so far this year [6] Risk Management - The company maintains a low rate of bad loans, with gross non-performing assets (NPAs) below 0.5%, by lending only a portion of the value of stored grain and closely tracking prices [4][5] - Arya.ag's lending is secured against commodities, providing a margin of safety that helps control NPAs and defaults [5][6]