ERGOS BUSINESS SOLUTIONS PRIVATE LIMITED

Business Overview

• Ergos, operating brand of Ergos Business Solutions Pvt Ltd, is a Bengaluru-headquartered agri-fintech / agri-supply-chain company.
• Its "GrainBank" platform provides smallholder farmers with (1) custodial warehousing for grain even in small (single-bag) quantities, (2) warehouse-receipt financing/credit tie-ups with partner banks and NBFCs against stored grain, and (3) market-linkage/liquidity services to sell produce at better prices and avoid distress sales.
• Originally built to solve farmer warehousing gaps in Bihar (~26 districts), the company has since expanded into Maharashtra and Karnataka.
• It is recognised as a DPIIT Startup.
• Sources: ergos.in, Forbes India, "Ergos: Grain as an asset and currency", 2022, YourStory, 2017 origin story, Falconebiz.
• Status: confirmed, multiple independent sources agree on business model.

Sector & Classification

MCA classification: "Business activities n.e.c." (NIC). Actual operating sector: agri-supply-chain / warehousing fintech — custodial grain storage, warehouse-receipt financing and market linkages ("GrainBank" platform) (Tofler, ergos.in, Forbes India)

Directors & Key Management

Current board per Falconebiz (dated appointment table, checked against Tofler for DINs): - Kishor Kumar Jha — Director & CEO, since 02 Apr 2012, DIN 05228732 (Falconebiz + Tofler) - Praveen Kumar — Director & COO, since 05 Mar 2015, DIN 06726595 (Falconebiz + Tofler) - Smriti Chandra — Nominee Director, since 21 Nov 2023, DIN 07644331 (Falconebiz + Tofler) - Shashvat Rai — Nominee Director, since 27 Mar 2024, DIN 08024265 (Falconebiz + Tofler) - Rahul Kumar Srivastava — (Independent) Director, since 16 Jul 2024, DIN not obtained - Chandraneel Polavarapu — Nominee Director, since 20 Sep 2025, DIN not obtained Discrepancy note: Tofler's director list additionally showed "Meenakshi Sundaram" (DIN 01096264), not present in Falconebiz's current 6-person table — likely a resigned/rotated-out director (Tofler snapshot may be stale). A separate cached web listing (older, possibly Zauba-sourced — treated as unreliable per source rules) also named Indresh Batra and Dinesh Kumar Mittal as directors; these do not appear on the two primary sources used and are NOT included as confirmed. Status: partial (current 6-person board reasonably solid; 2 of 6 DINs missing; historical churn unclear).

GST Registrations

Not obtained. No individual GSTIN could be located via knowyourgst/findgst/mastersindia lookups in this session (PAN AADCE0080C confirmed; home state inferred as Karnataka from registered office, but no GSTIN, registration count, or per-GSTIN status confirmed). Status: partial (PAN confirmed, GSTIN itself not obtained).

Financials

Funding History

Shareholding

• Not obtained — cap-table/shareholding-pattern data was behind premium paywalls on TheCompanyCheck and Falconebiz. Not sourced from Tracxn per data-source rules, Tracxn shareholding data is known to be stale/unreliable per prior runs. Status: none.

Loans & Charges

• Per TheCompanyCheck, single source, not cross-verified elsewhere: 11 total charge records
• Open charges ₹12 crore, Satisfied charges ₹54.5 crore. Recent entries: 16 Oct 2024 — ₹7 crore, lender listed only as "Others", Open
• 31 Dec 2022 — ₹5 crore, Open
• 08 Dec 2023 — ₹5 crore, Satisfied. Lender identities beyond "Others" were paywalled. Status: partial, single-source; "no open charges beyond these" not independently confirmed.

Related Parties

• Falconebiz flags that the company's directors hold common directorships across 25+ other entities, including Aavishkaar Advisors Private Limited, APL Apollo Tubes Limited, and various Chiratae Ventures entities.
• IMPORTANT CAVEAT, entity-confusion check applied: these overlaps arise because Ergos's nominee directors, Smriti Chandra, Shashvat Rai, Chandraneel Polavarapu, are appointees of investor firms Aavishkaar and Chiratae — this reflects normal VC board-nominee practice, NOT an operating group/related-party structure, and no ratings, GSTINs, or financials of these other entities should be attributed to Ergos.
• No related-party transaction disclosures were found.
• Status: partial.

Legal & Compliance

• Indian Kanoon search surfaces multiple Patna High Court matters naming the company/its officers as respondent, all centred on warehouse-shortage disputes tied to its Bihar grain-storage operations:
• Kishore Jha v. The State of Bihar, proceedings in Jul 2019, Nov 2019, Mar 2024, — Kishor Jha named as CEO-cum-Director; alleged warehouse shortage issues.
• Kumar Harsh Deep v. The State of Bihar (Jan 2023) — involves Rajesh Kumar Jaiswal, an Area Manager of the company
• Relates to an alleged shortage of ~160 metric tonnes of stored material.
• Shashi Bhushan Sharma v. The State of Bihar, proceedings Apr 2025, Apr 2025, Apr 2026, — company named as respondent/defendant.
• These read as routine operational/criminal-complaint disputes typical of a physical grain-custody business, not solvency or promoter-fraud litigation.
• Status: confirmed, source: indiankanoon.org, scope limited to what surfaced in search — not an exhaustive litigation history.

Competitive Landscape

• Peers in Indian agri-warehousing / collateral-management / warehouse-receipt-financing space, named from general market knowledge; not independently re-verified this session due to search-budget exhaustion:
• Arya.ag, Arya Collateral Warehousing Services, — large-scale, pan-India, well-funded peer, most direct comparable.
• NBHC, National Bulk Handling Corporation, — large, incumbent collateral-management player.
• Origo Commodities — large-scale national agri-supply-chain/warehousing player.
• Sohan Lal Commodity Management — large, established collateral manager.
• StarAgri, Star Agribazaar Trading, — large-scale warehousing/commodity player.
• DeHaat / Gramophone — adjacent full-stack agritech, input supply + advisory + market linkage, rather than a direct warehousing-finance competitor
• Included for category awareness only.
• Status: partial, directionally correct peer set from domain knowledge, not freshly source-verified this session.

Frequently Asked Questions

Sources

Tofler (tofler.in/ergos-business-solutions-private-limited/company/U74900KA2012PTC063357) — identity, capital, directors/DINs, address (older). TheCompanyCheck (thecompanycheck.com/company/ergos-business-solutions-private-limited/U74900KA2012PTC063357) — identity, capital, address, financials, charges, employees. Falconebiz (falconebiz.com/company/ERGOS-BUSINESS-SOLUTIONS-PRIVATE-LIMITED-U74900KA2012PTC063357) — current director/appointment-date table, auditor, related-directorship flags (fetched via search-snippet cache; direct page load returned only the landing shell on repeat attempts). Company site ergos.in — business overview, address, leadership, logo. IndianKanoon (indiankanoon.org) — litigation. Entrackr, Business Standard, Entrepreneur India, IndianStartupNews, YourStory — funding rounds (Series A, Series B).