• While we speak of fintech, what is your take on its future in India?

India has an extremely promising future in fintech. We have seen a path breaking and highest rate of digitization and mobile usage growth in the world and those are the key ingredients required for the success of fintech sector. That coupled with a large and growing educated, tech savvy mid aged population are the perfect ingredients to ensure success and growth of Fintech sector

• Coming to agri-fintech companies, how well are they faring in country?

Without taking specific names, we can very confidently and proudly say that Fintech companies are doing a brilliant job and by the virtue of adding value, increasing efficiency, increasing transparency and lowering the costs they have had a tangential growth. Of course needless to say only those adding value and making a difference in the way things are done are the ones successful and others are struggling to even survive.

• Coming from multiple experiences ranging from commodity trading to banking to fintech, can you say fintech paved the way for betterment of other sector as well.

When any sector does well, the entire ecosystem benefits. So yes, if there is a revolution in the fintech space, all peripheral sectors also benefit. A small example is that earlier there were none electronic exchanges and settlements used to take weeks but after the advent of dematerialized electronic exchanges the volumes, the confidence, the participation etc. everything shot up and now NSE is the world’s largest exchange in terms of the value of transactions. A similar revolution is happening in the new space where the traditional warehouse receipts are now replaced by electronic WHRs which are negotiable, have more transparency, are more secure, have more adaptability etc. which is revolutionizing the way Agri financing happens in India.

• What as per you are the best case scenario by a fintech in Indian agribusiness space?

Difficult to single out any one but the examples mentioned above are some amongst the path breaking ones.