Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Sahyadri Farms Post Harvest Care Limited (“SFPHCL”) procures, processes and markets fruits & vegetables for the export and domestic markets. The Company is based in Nashik, India. It is a majority-owned subsidiary of Sahyadri Farmer Producer Co. Ltd., a farmer owned Farmer Producer Organization (“FPO”). SFPHCL sources produce from >15k mostly small and medium-sized farmers, who are further supported by the FPO through a farmer facilitation program. SFPHCL is currently the largest grapes exporter and tomato processor in India.

What is our funding objective?

FMO has invested INR 1bn in SFPHCL as part of a consortium of investors led by Incofin. The objective of the funding is to finance (1) capacity expansion in the Nashik processing plant, (2) a biomass plant, (3) additional collection centres and packhouses, and (4) the growth of the Company’s domestic supply chain.

Why do we fund this investment?

SFPHCL and its holding are effective platforms for the provision of farm production inputs and marketing of outputs, which can significantly enhance farm productivity and increase farm income, thereby contributing to the reduction of poverty. Farmers benefit from economies of scale, technology driven enhancements, and access to global and domestic markets. The financing round is expected to increase the number of farmers supplying to and benefiting from the Sahyadri ecosystem.

What is the Environmental and Social categorization rationale?

This investment considers an E&S risk and impact category B+ due to its agro-industrial nature and potential impacts beyond the boundaries of the site, through its network of producers (farmers). IFC PS 1-4 and PS-6 are triggered. Key risks relate to labour, health and safety, and prevention of pollution and biodiversity impacts. The Company has various ESG-relevant certifications as it delivers to international offtakers, and applies good agricultural practices (GAP). FMO will support further strengthening of the E&S performances at both the site and supply chain levels.

Agribusiness, Food & Water
Publication date
Effective date
Total FMO financing
INR 1000.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)