JM Financial invests Rs 40 crore in agri equipment startup Balwaan Krishi

JM Financial's Private Equity fund has invested Rs 40 crore in Balwaan Krishi, an agri-machines and tools company, to bolster its brand strength, marketing efforts, working capital, and distribution network expansion. \r

Darius Pandole, MD and CEO of Private Equity and Equity AIF at JM Financial, highlighted India's evolving agricultural landscape marked by smaller landholdings, labor scarcity, and rising costs. He underscored the growing demand for small farm tools driven by increased farmer awareness via internet penetration.\r

Founded by Rohit Bajaj and Shubham Bajaj in 2015, Balwaan Krishi aims to advance as a prominent farm equipment brand in India. This investment from JM Financial's India Growth Fund III, focusing on mid-market growth companies, aligns with their strategy in sectors like financial services, consumer goods, IT/ITeS, infrastructure services, and manufacturing.