Last Mile Enterprises forms AgriMile Solutions for agricultural transformation

Last Mile Enterprises Limited (LMEL) has established a new subsidiary, AGRIMILE SOLUTIONS PRIVATE LIMITED, which received its Certificate of Incorporation on September 16, 2025. This joint venture between LMEL and Agribid Private Limited aims to provide tech-enabled, finance-integrated solutions for sourcing, storing, and distributing agricultural commodities.

LMEL holds a 51% equity stake in AGRIMILE SOLUTIONS PRIVATE LIMITED, with Agribid Private Limited holding the remaining 49%. The new subsidiary has an authorized and paid-up capital of ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each. LMEL has subscribed to 51,000 equity shares, totaling ₹5,10,000.

The objective of AGRIMILE SOLUTIONS PRIVATE LIMITED is to enhance market access, improve price realization for farmers, reduce intermediaries, and ensure transparency and traceability across the agricultural value chain through efficient logistics and storage infrastructure. This strategic move is expected to expand LMEL’s business operations and capabilities.