Table of Contents
Introduction:
Kg Agrotech (established on 4 March 2022) is an agricultural machine, founded by Kamlesh Nanasaheb Ghumare. The products of this company are multipurpose. They help in pesticide spraying seeding as well as in carrying metal. With the help of these products farmers’ work has become easy to a great extent. The affordable machine makes the lives of rural farmers easy.
KG Agrotech Case Study:
KG Agrotech is an agricultural machine company that provides products that are related to agriculture and with the help of these products, the farmer’s work has come to an ease. As Farmers can do half of their farming in less time. This is a multipurpose product that helps in spraying pesticides, seeding, and luggage carrying.
The Founder Kamlesh made this product from his home, the founder says that this product is made with very simple technology. The maintenance cost of this product is very low and it is available to farmers at a very low price. The founder himself comes from a farmer’s family, so he made this product observing his problems in seeding, spraying and carrying luggage at the farm.
KG Agrotech Company Profile:
| Company Name | KG Agrotech |
| Date of Incorporation | 4 March 2022 |
| Founder | Kamlesh Nanasaheb Ghumare |
| Business | Multipurpose Bicycle for pesticide spraying, seeding, and luggage carrying |
| Asked for | 30 Lakhs for 10% Equity |
| Final Deal | 10 Lakhs for 40% Equity & 20 Lakhs at 0% interest |
| Shark | Peyush Bansal |
| Episode | Season 1 Episode 23 |
| Business Status | In Business |
| Net Worth/ Valuation | 3 Crores |
| Class of Company | Private Company |
| Company Category | Company limited by Shares |
| Company sub-category | Non-Government Company |
| Age of Company | 1 year, 2 months, 9 days |
| Number of Members | Not Known |
KG Agrotech Name & Logo:
KG Agrotech Founders:
It is a non-government company which was founded by Kamlesh Nanasaheb Ghumare (also known as “Jugaadu Kamlesh) on 4 March 2022. It is classified as a private company which is located in Nasik, Maharashtra. Its authorized share capital is INR 1 Lakh and total paid-up capital is INR 10 Lakhs. The Net worth of the company KG Agrotech is approximately around 3 Crore (Indian Rupees).
KG Agrotech Private Limited company has two directors- Kamlesh Nanasaheb Ghumare and Nidhi Mittal Bansal.
KG Agrotech Services:
Kg Agrotech is a start-up incorporated on 4 March 2022 in Shark Tank India. It makes products which are related to agriculture and these products ease the work of the farmers. Their product is a multipurpose bicycle that performs pesticide spraying, seeding and luggage carrying. This product saves a lot of valuable time for the farmers. Through this, the farmers can do half the farming in less time.
KG Agrotech Business Model:
KG Agrotech was liked by a lot of people before coming to Shark Tank India but they were not getting enough fanfare to upgrade this product. To make this product useful along with the idea money is also needed. So the founder Kamlesh Nanasaheb Ghumare visited Shark Tank India, where he raised 30 Lakhs in exchange for 10% Equity for his business.
Lens kart Founder, Shark Peyush Bansal invested 10 Lakhs in their business for exchange of 40% Equity and 20 Lakhs debt at 0% interest.
KG Agrotech Top News:
- Jugaadu Kamlesh is an Indian farmer and owns a company named “KG Agrotech”, an agriculture products-based company.
- Kamlesh wanted to become an army officer while he was in school. Later on, he appeared several times in entrance exams but did not succeed. After the fracture of his foot fingers, he stopped preparing for the exams.
- Kamlesh contacted a man in his village who assured him to give him a government job for which Kamlesh had to pay 1 Lakh rupees and his original documents. The man was a fraud and disappeared from the village within a week, he then decided that he will never do a job.
- He also had started a small hotel in his village which went well until his friends landed him into major trouble.
- After so many failures in his career, he went into depression and tried to commit suicide twice. His parents supported him and asked him to work on their farms.
- While he was working with his father on his farms, he noticed that the pesticide spray caused serious medical issues for his father.
- He gradually started upgrading the pesticides trolley cart as per the requirements, and after almost 7 years, he made the final product.
- One of his trolley cart videos went viral on social media in 2017, and he started getting offers from various companies to sell his product.
FAQs about KG Agrotech:
What is KG Agrotech?
KG Agrotech is an agricultural machine company that provides products that are related to agriculture and through these products farmer’s work has come to an ease. They provide multipurpose products for seeding, spraying pesticides, and carrying luggage on the farm.
Who is the founder of KG Agrotech?
Kamlesh Nanasaheb Ghumare is the Founder of KG Agrotech Private Limited.
What is the Net worth of KG Agrotech?
The Net worth of KG Agrotech is around 3 Crore (IND Rupees).
When was KG Agrotech founded?
Kg Agrotech was established on 4 March 2022.
What is the age of the KG Agrotech Company?
KG Agrotech was established on 4 March 2022 and the age of the company is around 1 Year, 2 Months, and 9 Days.
What is the purpose of KG Agrotech?
The purpose of KG Agrotech is to provide multipurpose bicycles for seeding, spraying pesticides and carrying luggage.
Why was KG Agrotech Founded?
KG Agrotech was founded by Kamlesh Nanasaheb Ghumare. He founded this company by observing the problems faced by the farmers while spraying pesticides.
How much money did Kamlesh Nanasaheb Ghumare raise on Shark Tank?
Kamlesh Nanasaheb Ghumare raised 30 Lakhs in exchange for 10% equity in his company.
Which Shark Accepted Offer of KG Agrotech on Shark Tank India?
Lens kart Shark Peyush Bansal countered their offer as 10 Lakhs for 40% equity and 20 lakhs loan at 0% rate of interest. This was the final closing deal.
Where is the Company KG Agrotech located?
The company KG Agrotech Private Limited is located in Nasik, Maharashtra, India.
Conclusion:
Here we see all about KG Agrotech Private Limited Company, how a farmer’s boy established a problem-solving brand. How he observed the problems faced by the farmers during spraying pesticides and launched a product or a bicycle which is of low cost and also of low maintenance.
In Kamlesh Nanasaheb Ghumare’s Case, “Things seem impossible, you just have to change the perspective of viewing them”.
