The agri-cooperative giant NAFED organized its 68th Annual General Meeting (AGM) on Friday at the iconic Bharat Mandapam, New Delhi, marking a year of record-breaking achievements. Among other things, the chairman’s announcement about onboarding PACS for procurement was met with loud cheers from the audience.
Delegates from across the country also erupted in cheer as NAFED announced a turnover of Rs 26,946.59 crore for FY 2024–25, with an operational profit of Rs 777.14 crore and a historic net profit of Rs 565.22 crore, the highest in its history.
The AGM was attended by NAFED Chairman Jethabhai Ahir, NCUI and IFFCO President Dileep Sanghani, KRIBHCO Chairman Sudhakar Chowdhary, senior directors Dr. Chandrapal Singh Yadav, Bijendra Singh, Vishal Singh, Sunil Kumar Singh, Vice Chairmen Tarlok Singh and Siddappa S. Hotti, and NAFED Managing Director Deepak Agrawal, IAS, among others.
In his address, Chairman Ahir announced that the Federation had achieved 15% growth in net profit over the previous year and proposed a 15% dividend for member societies.
He also informed that NAFED’s share capital rose from Rs 50.68 crore to Rs 61.69 crore, enhancing its borrowing capacity with banks. Ahir highlighted NAFED’s international ventures, including showcasing branded products at Gulfood 2025 in Dubai and exporting over 4 lakh tonnes of rice through NCEL to African nations.
Presenting the Activity Report, MD Deepak Agrawal detailed procurement operations under the Price Support Scheme (PSS), where NAFED purchased 50.77 lakh MT of pulses and oilseeds worth Rs 31,493.35 crore, earning a service charge of Rs 379.88 crore.
Under the Price Stabilization Fund (PSF), NAFED procured pulses worth Rs 70.58 crore and transferred 9.006 lakh MT valued at Rs 6,053.67 crore from PSS stocks. It also procured 2.24 lakh MT of onions worth Rs 615.96 crore and 1.39 lakh MT of wheat and paddy worth Rs 389.30 crore.
On the distribution side, NAFED supplied 1.88 lakh MT of processed pulses worth Rs 1,300.42 crore to the Army, CAPFs, and states under PDS, MDM, and ICDS schemes. In exports, it earned Rs 1,632 crore by shipping 4,08,390 MT of rice to Senegal, Gambia, Côte d’Ivoire, and Bhutan. The seed business crossed Rs 62.24 crore, covering oilseeds, cereals, pulses, fodder, and vegetables.
Agrawal also highlighted technology initiatives, including the E-Samriddhi Portal launched by Union Minister Amit Shah, which has registered 43 lakh farmers, with 2.2 lakh farmers directly benefiting. NAFED has further strengthened its ERP and e-auction platforms and adopted AI/ML to boost transparency.
The retail division saw rapid growth through partnerships with IOCL, IRCTC, CSD, Army, and Amul. Over 50 NAFED Bazaar Stores are already operational, with a target of 500 stores under IYC 2025.
During the interactive session, suggestions poured in from delegates. A cooperator from Bihar, Manmohan, urged increasing the dividend to 20% next year, while Ganpat from Rajasthan requested NAFED’s support in enabling cooperative-run PDS shops.
Concluding the session, Vice Chairman Tarlok Singh proposed a vote of thanks, with the AGM ending on a note of optimism for NAFED’s continued growth in serving farmers and consumers alike.
We are group of farmers sales groundnut in ruguda lamps,Bonai block, sundargarh district , Odisha state.But we can’t get our pss price till now.some of your working staff negligence their duty so we cant get our money.we sales our product from August 12.