Tamil Nadu-based financial intermediary Samunnati to start 12 branches

“We plan to start 12 operational branches in Thiruvannamalai in the first three months of our operations. Our first branch is likely to be operational by this Diwali in Thiruvannamalai. Each branch will cost around 5 lakh capex and 1 lakh of opex per month. All branches will operate in Tier 5, rural villages,” Samunnati’s Chief Executive Officer Anil Kumar SG told PTI.

It would take two years for the entity and the first branch would take around six months to turn operationally positive, he said.

Samunnati would take another one year to break even, he said adding the company would recruit locals and train them with skills necessary for financial services providers.

“Since the business’ focus is on local agricultural value chains, it is imperative that the staff has a deep understanding of the agricultural value chain specific to the district they operate in. Hence, we would recruit local talent from remote rural areas so as to harness native intelligence,” he said.

Samunnati would focus primarily on the unbanked part of the agricultural value chain.

“We will go live in the dairy segment to start with, and then get into post-harvest as well as farm mechanisation after around eight months of the pilot project,” Anil Kumar said.

You might also like

ET Startup Awards 2020: Samunnati reaps rewards for tackling big challenges

24 August 2020

ET Startup Awards 2020: Samunnati reaps rewards for tackling big challenges

Featured in ET tech Samunnati was the overwhelming choice of the jury in the social enterprise category for the sheer scale and complexity of...

How financial institutions can plan for climate change

21 November 2023

How financial institutions can plan for climate change

Featured in The hindu businessline V Nivedita talks to AnilKumar SG, founder and CEO, Samunnati Financial Intermediation & Services Private Limited,...

Corteva’s Cultivation of Change: Empowering Women in Agriculture

2 December 2023

Corteva’s Cultivation of Change: Empowering Women in Agriculture

Featured in csr mandate “Women’s empowerment is the cornerstone of social progress and sustainable development, and it holds particular significance for...

Stronger private finance and better datasets key to accelerating green transition in India: experts

7 November 2025

Stronger private finance and better datasets key to accelerating green transition in India: experts

We focus exclusively on agricultural micro, small and medium enterprises and farmer-producer organisations, and a portion of our portfolio also...