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Unnati

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uuid00029by

Namestring
Unnati
Legal namestring
Akshamaala Solutions Pvt. Ltd.
Websiteurl
unnati.ag
Company typeenum
Private
Founded yearint
2010
Descriptiontext

Unnati Agri (legally Akshamaala Solutions Pvt. Ltd., incorporated 2010, headquartered in Noida, India) operates an integrated agri-input and fintech platform serving Indian farmers across nine states. The platform bundles three core functions: distribution of agricultural inputs (seeds, fertilizers, crop protection), seasonal working-capital and inventory financing, and agronomy advisory support. Following the January–March 2026 acquisition and merger of Gramophone — operated by Agstack Technologies and previously majority-owned by Info Edge — Unnati claims to be India's largest integrated agri-input platform, reaching over 12 lakh farmers and combining digital agri distribution, aggregation, and financing in a single stack.

The business generates revenue primarily through transaction fees on agri-input distribution, with an additional transaction stream from sustainable, climate-ready products supplied via the June 2023 strategic partnership with IPL Biologicals. Its technology stack is positioned as a digital distribution and workflow platform rather than a proprietary AI product: sources describe it as an "AI-native digital platform," but no proprietary models, patents, or research outputs are disclosed; AI integration appears concentrated in operational layers (working capital flow, agronomy support). The distribution layer is multi-format — digital self-serve via unnati.ag for SMB/individual farmers, plus an expanded channel/reseller network post the Gramophone merger.

Unnati is a private, venture-backed company with FY24 revenue of ₹515 Cr (~30% YoY growth) but losses that widened 27% to ₹469 Cr in the same period, reflecting an investment-heavy growth posture. Notable shareholders include Info Edge (20.53% post the January 2026 transaction), IPL Biologicals' family office, Orios Venture Partners, Nabventures, and Incofin. The company has stated intent to pursue an IPO within three to four years and is targeting a $30–35 million equity raise in H2 2026. A leadership continuity event — the May 2026 death of co-founder Ashok Prasad — introduces near-term execution risk during post-merger integration, with co-founder Amit Sinha continuing to lead.

Short descriptiontext

Unnati Agri (Akshamaala Solutions Pvt. Ltd.) is an Indian agri-input and fintech platform that distributes seeds, fertilizers, and crop inputs, provides seasonal financing, and offers agronomy support to over 12 lakh smallholder farmers across 9 states via its digital platform and partner network.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersNoida, India
HQ citystring
Noida
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
agri-input distribution, agricultural financing, agronomy advisory, digital farming platform, agri fintech
Industry2 codes
1Farm Management & Decision Support Software (FMIS, ERP, Recordkeeping)
CodeAFAGALAAPrimaryYes
2Carbon, Sustainability & Farm Certification Support (Agro-Environmental Advisory)
CodeAFACABALPrimaryNo
NAICS code2 codes
  • Oilseed and Grain Farming1111
  • Food Crops Grown Under Cover11141
SIC code2 codes
  • Agricultural Services700
  • Wholesale-Farm Product Raw Materials5150
Product category
Agricultural Inputs Distribution
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Agri-Input Distribution
TypeTransaction Fee
Description

Revenue generated from distribution of agricultural inputs including seeds, fertilizers, and other farming products to farmers across India through its digital platform

inc42.com
2Climate-Ready Products
TypeTransaction Fee
Description

Sale of sustainable, climate-ready agricultural products through strategic partnership with IPL Biologicals

economictimes.indiatimes.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Unnati Agri is a digital agri-input distribution and fintech platform that sells seeds, fertilizers, crop protection and other agricultural inputs to Indian farmers, while providing seasonal working-capital financing and agronomy advisory. It covers the full agri-input value chain from manufacturing partner integration through financing to farm-level agronomy support, operating across 9 states and onboarding more than 12 lakh farmers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Revenue of ₹515 Cr in FY24, a 30% jump from previous fiscal
+1 more record
Product overview1 text field

Unnati Agri is a single unified platform that operates as an integrated agri-input and fintech solution, combining the company's original Unnati Agri platform with the acquired Gramophone brand. The platform covers the entire agricultural value chain including manufacturing, financing, and agronomy support, and operates across 9 states in India.

Product and service1 record
1Unnati Agri Platform
CategoryAgritech Platform
Description

Integrated digital agri-input and fintech platform that sells agricultural inputs (seeds, fertilizers, crop protection), provides seasonal working-capital financing, and delivers agronomy advisory to Indian farmers across 9 states. Reaches over 12 lakh farmers post the Gramophone merger.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-01-04
Description

Unnati acquired Gramophone through a share-swap deal. Gramophone was merged into Unnati to create India's largest integrated agri-input platform spanning digital agri distribution, aggregation, and financing.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-06-14
Description

Strategic partnership focused on climate-ready products. The investment was led by IPL Biologicals' family office with Unnati Agri raising Rs 28.5 crore. The partnership aims to expand Unnati's product line and reach more farmers with sustainable agricultural solutions.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

AgroStar is a digital agri-input platform that distributes seeds, crop nutrition, and protection products to Indian farmers via an app-based model. It directly competes with Unnati on farmer-facing input e-commerce and agronomy advisory.

TypeDirect peer
Description

BharatAgri is an Indian agri-tech platform providing farmers with agronomy advisory, input recommendations, and marketplace access. It is comparable to Unnati in serving smallholders with digital advisory alongside input access.

TypeRegional player
Description

WayCool operates an agri-food distribution and supply-chain platform in India with growing fintech and input offerings. It overlaps with Unnati in B2B agri distribution and farmer engagement across southern and other Indian states.

TypeBroad incumbent
Description

ITC's e-Choupal is a long-established farmer-empowerment and agri-input/output platform in India. It is a broad incumbent with overlapping farmer reach, advisory, and agri-input distribution at much greater scale and brand depth.

TypeDirect peer
Description

BigHaat is an online agri-input marketplace selling seeds, fertilizers, crop protection, and biostimulants to Indian farmers. It competes with Unnati in digital agri-input distribution and shares the SMB farmer customer base.

TypeBroad incumbent
Description

UPL is a major Indian agrochemical manufacturer with growing digital farmer-engagement and sustainability-focused product initiatives. It is a broad incumbent whose climate-ready product lines overlap with Unnati's IPL Biologicals partnership strategy.

TypeDirect peer
Description

DeHaat is one of India's largest full-stack agri-tech platforms, offering farmers inputs, advisory, and financing across multiple states. It is the closest direct competitor to Unnati in scale, model, and target farmer segment.

TypeEmerging player
Description

Samunnati is an Indian agri-finance and value-chain platform providing credit and market linkage to farmers and FPOs. It is comparable to Unnati in addressing farmer financing needs and is increasingly moving into the input-distribution space.

TypeEmerging player
Description

Ninjacart operates agri supply-chain technology connecting farmers with retailers and restaurants, increasingly extending into inputs and fintech. It overlaps with Unnati in digital agri distribution but has historically been stronger on the output/produce side.

TypeEmerging player
Description

CropIn offers farm management and decision-support SaaS for agribusinesses and farmers, with overlapping agronomy and digital-farmer capabilities. It is an emerging partial competitor in the digital agri-stack that supports input recommendations.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds9 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors10 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Unnati

Agricultural Inputs Distributionunnati.ag

Unnati Agri (Akshamaala Solutions Pvt. Ltd.) is an Indian agri-input and fintech platform that distributes seeds, fertilizers, and crop inputs, provides seasonal financing, and offers agronomy support to over 12 lakh smallholder farmers across 9 states via its digital platform and partner network.

What Unnati does

Unnati Agri (legally Akshamaala Solutions Pvt. Ltd., incorporated 2010, headquartered in Noida, India) operates an integrated agri-input and fintech platform serving Indian farmers across nine states. The platform bundles three core functions: distribution of agricultural inputs (seeds, fertilizers, crop protection), seasonal working-capital and inventory financing, and agronomy advisory support. Following the January–March 2026 acquisition and merger of Gramophone — operated by Agstack Technologies and previously majority-owned by Info Edge — Unnati claims to be India's largest integrated agri-input platform, reaching over 12 lakh farmers and combining digital agri distribution, aggregation, and financing in a single stack.

The business generates revenue primarily through transaction fees on agri-input distribution, with an additional transaction stream from sustainable, climate-ready products supplied via the June 2023 strategic partnership with IPL Biologicals. Its technology stack is positioned as a digital distribution and workflow platform rather than a proprietary AI product: sources describe it as an "AI-native digital platform," but no proprietary models, patents, or research outputs are disclosed; AI integration appears concentrated in operational layers (working capital flow, agronomy support). The distribution layer is multi-format — digital self-serve via unnati.ag for SMB/individual farmers, plus an expanded channel/reseller network post the Gramophone merger.

Unnati is a private, venture-backed company with FY24 revenue of ₹515 Cr (~30% YoY growth) but losses that widened 27% to ₹469 Cr in the same period, reflecting an investment-heavy growth posture. Notable shareholders include Info Edge (20.53% post the January 2026 transaction), IPL Biologicals' family office, Orios Venture Partners, Nabventures, and Incofin. The company has stated intent to pursue an IPO within three to four years and is targeting a $30–35 million equity raise in H2 2026. A leadership continuity event — the May 2026 death of co-founder Ashok Prasad — introduces near-term execution risk during post-merger integration, with co-founder Amit Sinha continuing to lead.

Unnati firmographics

Firmographics
Name
Unnati
Legal name
Akshamaala Solutions Pvt. Ltd.
Website
https://unnati.ag
Company type
Private
Founded year
2010
Operating status
Operating
Headcount range
101–250 employees
Short description
Unnati Agri (Akshamaala Solutions Pvt. Ltd.) is an Indian agri-input and fintech platform that distributes seeds, fertilizers, and crop inputs, provides seasonal financing, and offers agronomy support to over 12 lakh smallholder farmers across 9 states via its digital platform and partner network.
Ownership category
akta.pro rank

Unnati industry classification

Industry
Product category
Agricultural Inputs Distribution
NAICS
Oilseed and Grain Farming (1111), Food Crops Grown Under Cover (11141)
SIC
Agricultural Services (700), Wholesale-Farm Product Raw Materials (5150)
akta.pro primary industry
Farm Management & Decision Support Software (FMIS, ERP, Recordkeeping) (AFAGALAA)
akta.pro secondary industry
Carbon, Sustainability & Farm Certification Support (Agro-Environmental Advisory) (AFACABAL)

Keywords

  • Agri-input distribution
  • Agricultural financing
  • Agronomy advisory
  • Digital farming platform
  • Agri fintech

Where Unnati is headquartered

Location

Headquarters

HQ city
Noida
HQ country
India
HQ region
Asia

Offices1 record

Markets served

Unnati business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Agri-Input Distribution: Revenue generated from distribution of agricultural inputs including seeds, fertilizers, and other farming products to farmers across India through its digital platform
  2. Climate-Ready Products: Sale of sustainable, climate-ready agricultural products through strategic partnership with IPL Biologicals

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Unnati product offering

Product offering

Core offering

Unnati Agri is a digital agri-input distribution and fintech platform that sells seeds, fertilizers, crop protection and other agricultural inputs to Indian farmers, while providing seasonal working-capital financing and agronomy advisory. It covers the full agri-input value chain from manufacturing partner integration through financing to farm-level agronomy support, operating across 9 states and onboarding more than 12 lakh farmers.

Product overview

Unnati Agri is a single unified platform that operates as an integrated agri-input and fintech solution, combining the company's original Unnati Agri platform with the acquired Gramophone brand. The platform covers the entire agricultural value chain including manufacturing, financing, and agronomy support, and operates across 9 states in India.

Differentiator

Problem solved

Functional benefit

Products and services

  • Unnati Agri Platform Integrated digital agri-input and fintech platform that sells agricultural inputs (seeds, fertilizers, crop protection), provides seasonal working-capital financing, and delivers agronomy advisory to Indian farmers across 9 states. Reaches over 12 lakh farmers post the Gramophone merger.

Quantifiable outcome

  • Revenue of ₹515 Cr in FY24, a 30% jump from previous fiscal
  • +1 more outcomes

Companies that use Unnati

Customer profile

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Unnati technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Unnati partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • GramophonecoreStrategic or Co-development Partner · 4 January 2026Unnati acquired Gramophone through a share-swap deal. Gramophone was merged into Unnati to create India's largest integrated agri-input platform spanning digital agri distribution, aggregation, and financing.
  • IPL BiologicalscoreStrategic or Co-development Partner · 14 June 2023Strategic partnership focused on climate-ready products. The investment was led by IPL Biologicals' family office with Unnati Agri raising Rs 28.5 crore. The partnership aims to expand Unnati's product line and reach more farmers with sustainable agricultural solutions.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Unnati competitors and assessment

Company assessment

Direct peers

  • AgroStar: AgroStar is a digital agri-input platform that distributes seeds, crop nutrition, and protection products to Indian farmers via an app-based model. It directly competes with Unnati on farmer-facing input e-commerce and agronomy advisory.
  • BharatAgri: BharatAgri is an Indian agri-tech platform providing farmers with agronomy advisory, input recommendations, and marketplace access. It is comparable to Unnati in serving smallholders with digital advisory alongside input access.
  • BigHaat: BigHaat is an online agri-input marketplace selling seeds, fertilizers, crop protection, and biostimulants to Indian farmers. It competes with Unnati in digital agri-input distribution and shares the SMB farmer customer base.
  • DeHaat: DeHaat is one of India's largest full-stack agri-tech platforms, offering farmers inputs, advisory, and financing across multiple states. It is the closest direct competitor to Unnati in scale, model, and target farmer segment.

Regional players

  • WayCool Foods: WayCool operates an agri-food distribution and supply-chain platform in India with growing fintech and input offerings. It overlaps with Unnati in B2B agri distribution and farmer engagement across southern and other Indian states.

Broad incumbents

  • ITC e-Choupal: ITC's e-Choupal is a long-established farmer-empowerment and agri-input/output platform in India. It is a broad incumbent with overlapping farmer reach, advisory, and agri-input distribution at much greater scale and brand depth.
  • UPL (OpenAg): UPL is a major Indian agrochemical manufacturer with growing digital farmer-engagement and sustainability-focused product initiatives. It is a broad incumbent whose climate-ready product lines overlap with Unnati's IPL Biologicals partnership strategy.

Emerging players

  • Samunnati: Samunnati is an Indian agri-finance and value-chain platform providing credit and market linkage to farmers and FPOs. It is comparable to Unnati in addressing farmer financing needs and is increasingly moving into the input-distribution space.
  • Ninjacart: Ninjacart operates agri supply-chain technology connecting farmers with retailers and restaurants, increasingly extending into inputs and fintech. It overlaps with Unnati in digital agri distribution but has historically been stronger on the output/produce side.
  • CropIn: CropIn offers farm management and decision-support SaaS for agribusinesses and farmers, with overlapping agronomy and digital-farmer capabilities. It is an emerging partial competitor in the digital agri-stack that supports input recommendations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Unnati social profiles

Digital presence

Unnati financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Unnati leadership team

Management profile

Number of profiles

Profiles3 records

Unnati subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Unnati funding detail

Funding detail

Funding overview

Funding rounds9 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Unnati M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Unnati

What does Unnati do?

Unnati Agri is a digital agri-input distribution and fintech platform that sells seeds, fertilizers, crop protection and other agricultural inputs to Indian farmers, while providing seasonal working-capital financing and agronomy advisory. It covers the full agri-input value chain from manufacturing partner integration through financing to farm-level agronomy support, operating across 9 states and onboarding more than 12 lakh farmers.

Is Unnati a public or private company?

Unnati is a private company. It is classified as venture growth investor backed and is currently operating.

When was Unnati founded?

Unnati was founded in 2010. It employs 101 to 250 people.

Where is Unnati based?

Unnati is headquartered in Noida, India, in the Asia region.

How does Unnati make money?

Two revenue lines are on record. Agri-Input Distribution is the primary driver. The others are climate-Ready Products.

Who are Unnati's main competitors?

Direct peers on record are AgroStar, BharatAgri, BigHaat and DeHaat. WayCool Foods is listed as a regional player. Broad incumbents are ITC e-Choupal and UPL (OpenAg). Emerging players are Samunnati, Ninjacart and CropIn.

Does Unnati have an API?

No public API is recorded for Unnati.

What industry is Unnati in?

Unnati's product category is Agricultural Inputs Distribution. Its primary akta.pro industry code is AFAGALAA, Farm Management & Decision Support Software (FMIS, ERP, Recordkeeping), with a secondary code of AFACABAL, Carbon, Sustainability & Farm Certification Support (Agro-Environmental Advisory). Its NAICS code is 1111 and its SIC code is 700.

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Live signals
IncubeesUnnati Agri secures Rs 17 Cr Growth funding led by Recur Club – IncubeesRecur Club, an AI-native debt platform for startups and SMEs, has led a Rs 17 crore growth funding round for Unnati Agri, an integrated agri-input platform based in Noida, India. The funding will be used to increase distribution capabilities, enhance inventory purchases, and strengthen seasonal working capital. Unnati Agri, which derives 99% of its revenue from farmers purchasing agri-inputs, also plans to raise approximately $30–35 million in equity in the second half of 2026 and pursue a public market offering within three to four years.SiliconindiaIndia Startup Weekly Pulse Focused on Circular Economy, Agritech, Beauty Lead Funding and MoreIndia's startup ecosystem saw funding activity across five startups in a single week, with Recykal raising $23 million in a bridge round for its circular economy platform, while Bodycraft secured Rs 120 crore in Series A funding from Singularity AMC to expand its beauty and wellness clinic network. Other funding rounds included Unnati Agri (Rs 17 crore from Recur Club), BharatTender (Rs 1.25 crore pre-seed), and Zave (Rs 4.7 crore led by Inflection Point Ventures), spanning sectors in agritech, B2B procurement AI, and fintech rewards. The investments reflect continued investor confidence in sustainable innovation, enterprise technology, and consumer brands within India's entrepreneurial ecosystem.Indian Startup NewsAgri-input platform Unnati Agri raises Rs 17 crore debt funding from Recur ClubUnnati Agri, a homegrown integrated agri-input platform in India, has raised Rs 17 crore in debt funding from Recur Club, an AI-native debt platform for startups and SMEs. The capital will be used to strengthen seasonal working capital, support inventory procurement, and expand distribution capabilities following its merger with Gramophone, creating the largest integrated reach in India's agri-input sector. The company is targeting an equity raise of approximately US$30-35 million in H2 2026 and plans to pursue a public listing within three to four years.Zee BusinessNoida-based Unnati Agri gets Rs 17 crore funding from AI-native debt platform Recur ClubUnnati Agri, a Noida-based agri-input platform operated by Akshamaala Solutions Pvt. Ltd., has raised Rs 17 crore in debt funding from Recur Club, India's AI-native debt platform for startups and SMEs. The funding will be used to strengthen seasonal working capital, support inventory procurement, and expand distribution capabilities following the company's recent merger with Gramophone. The company is planning to raise approximately $30-35 million in the second half of 2026 and intends to pursue a public market listing within 3-4 years.Indian Startup TimesUnnati Agri Raises Rs 17 Crore Debt Funding from Recur Club to Strengthen Growth and Distribution NetworkUnnati Agri raised Rs 17 crore in debt financing from Recur Club to strengthen working capital and distribution. The Noida-based agritech company, which generates nearly 99% of revenue from input purchases and produce sales, plans to increase sustainable agri-input sales from 35-40% to 66% over two to three years. It targets a $30-35 million equity round in H2 2026 and an IPO within three to four years.EntrackrUnnati Agri secures Rs 17 Cr in growth capital from Recur ClubUnnati Agri raised Rs 17 crore in debt from Recur Club and over $13.24 million in equity from institutional investors. The funds will support working capital, inventory, and distribution. The company plans an equity raise of $30-35 million in H2 2026 and a public listing within three to four years.Zee BusinessNoida-based Unnati Agri gets Rs 17 crore funding from AI-native debt platform Recur ClubNoida-based Unnati Agri, operated by Akshamaala Solutions Pvt Ltd, has raised Rs 17 crore in debt funding from Recur Club, India's AI-native debt platform for startups and SMEs. The startup plans to use the capital to strengthen seasonal working capital, support inventory procurement, and expand distribution capabilities following its merger with Gramophone that created India's largest integrated agri-input platform. The company is targeting an IPO within 3-4 years and plans to raise an additional $30-35 million in the second half of 2026.Inc42Unnati Agri Cofounder Ashok Prasad Passes AwayAshok Prasad, cofounder of agritech startup Unnati Agri, passed away on May 11 due to sudden cardiac arrest. Prasad co-founded Unnati in 2011 and was deeply involved in strengthening the company's growth, institutional capabilities, and long-term strategic direction, having previously held leadership positions at Tata Teleservices, Paytm, and Nokia. The company reported revenue of ₹515 Cr in FY24, a 30% jump from the previous fiscal, though its loss widened 27% to ₹469 Cr.Indian Textile MagazineUrja Products: Three Generations Build India’s Most Comprehensive Industrial Fabrics CapabilityUrja Products Pvt Ltd is an Ahmedabad-based technical textile manufacturer established through a three-generation family journey, originating as Unnati Industries in 1969 before merging into the current entity. The company weaves specialty fabrics including Fiberglass, Carbon, Aramid, Quartz, and Ceramic for diverse industrial applications such as insulation, filtration, composites, and defense, with exports to over 40 countries while domestic sales account for 65% of revenue. The company has recently acquired land in Hyderabad for a new composites manufacturing plant and noted that approximately 1,000 claims remain pending under India's Technology Upgradation Fund (TUF) scheme.VCCircleUnnati co-founder Ashok Prasad dies of cardiac arrestAshok Prasad, co-founder of agri-services firm Unnati, died on May 11, 2026, following a cardiac arrest at age 51. He co-founded the company in 2017 with Amit Sinha, and played a key role in building its digital agri-input distribution network. The company credited him with strengthening its growth and strategic direction.