Rakesh Devadiga

Sustainable Agro-commercial Finance Ltd.

Sustainable Agro-commercial Finance Ltd. (SAFL) a non-banking finance company (NBFC) has been setup with the objective of serving the small farmer and rural constituencies in India in a comprehensive manner. Better known by its acronym, SAFL (pronounced SAFAL) meaning successful, the Sanskrit word is easily resonated with all geographies across India. SAFL is promoted by Jain Irrigation Systems Limited (JISL). International Finance Corporation (IFC) Washington is an anchor shareholder. IFC is a member of the World Bank Group. Mandala Capital AG Ltd has also become a shareholder effective 31st March 2015. SAFL's activities are focused on Farm and the Farmer. It was incorporated in February 2011 and is based in Mumbai, India. It has obtained approval from RBI in July 2012 to undertake activities of NBFC. SAFL will provide finance for agriculture, farmers and small businesses in rural and semi-urban areas in India. "Har Fasal SAFL, Har Pal SAFL" is the hope of every farmer who will be assisted in converting this hope into a reality by SAFL. The organizations aim is directed at farmer empowerment, increased agricultural production and rural prosperity. SAFL is the first NBFC in the private sector in India providing agri- loans with a wide and diverse range of financing options for almost every need of agricultural activity. SAFL is headquartered in Mumbai with 67 offices across Maharashtra, Karnataka and Madhya Pradesh. It plans to have a pan-India presence in next 5 years. The ethos is to make the individual farmer's life "SAFAL".