- **R M Drip & Sprinklers Systems** - a micro-irrigation company that has spent over 30 years evolving from a hardware manufacturer into a technology-integrated agricultural platform, all built on the principle of being “Born to Serve the Farming Community”. Incorporated in 2004 and listed on the NSE Emerge/SME platform, with shareholder approval being sought to migrate to the main boards of the NSE and BSE, the company designs and makes its own drip and sprinkler systems from three automated plants in Nashik, Maharashtra, and is stitching together hardware, advisory services, and IoT-based smart irrigation into a single offering for Indian farmers. The recurring approach is to use its own manufacturing base and expanding dealer network as the foundation, then layer on services and digital tools that make the farmer more productive - moving step by step from selling products to solving the farm’s water problem end-to-end. # Business segments A single core business - micro-irrigation - delivered through three deepening layers: the hardware that moves the water, the services that design the system, and the digital intelligence that automates it, all supported by a new pipe-making subsidiary that feeds the same mission. ## 1. Micro-irrigation hardware: the factory-built core **The company makes the pipes, drippers, and sprinklers in its own automated plants and sells them through a network of over 1,000 dealer touchpoints - this is the engine that everything else is built on.** - **Full range from one roof** - the product portfolio covers drip irrigation systems, sprinkler systems, HDPE (high-density polyethylene) pipes, and filtration products, all designed and manufactured in-house, which means the company controls quality and cost rather than depending on third-party suppliers. - **Three plants, roughly 22,000 tonnes of capacity** - the fully automated manufacturing facilities in Nashik operate at around 90% utilisation, and the company sources raw material directly from manufacturers to eliminate middleman costs. - **A dealer network that reaches the farm gate** - distribution spans more than 10 states through 1,000-plus dealer and retail touchpoints plus six company-owned outlets, with a plan to grow the dealer count from 1,500 to 2,000 by FY30. - **Subsidies open the market** - demand is underpinned by the government’s PMKSY (Per Drop More Crop) scheme, which covers 45-55% of the capital cost for farmers, making micro-irrigation affordable and expanding the addressable market. - **Also an OEM supplier** - beyond its own brand, the company acts as an original equipment supplier to other irrigation companies and sub-assembly manufacturers, giving it a second revenue channel from the same production lines. ## 2. Design, advisory and project services: the brain wrapped around the hardware **The company does not just sell pipes - it designs the farm’s entire irrigation layout, advises on crops and schedules, and manages government and factory projects, turning a product sale into a service relationship.** - **Custom farm designs** - engineers create tailored drip and sprinkler layouts based on the specific crop, soil, and field shape, optimising water distribution so the farmer gets a system that fits rather than a one-size-fits-all kit. - **Crop advisory that goes beyond irrigation** - the service includes recommendations on best practices, nutrient management, and pest control, helping farmers lift yields and revenue rather than just save water. - **Project management for large schemes** - the company handles planning, implementation, and coordination for government irrigation projects and sugar factories, which opens a B2G (business-to-government) revenue stream alongside the farmer-level business. - **A partnership that proves the model** - Godrej Agrovet has tied up with the company to offer its entire product range within the agriculture sector in its 25 stores PAN India, validating the service-plus-hardware approach with a large agri-business partner. ## 3. IoT-based smart irrigation: the digital layer **Starting in March 2026, the company added sensors, controllers, and a mobile app to its irrigation systems through a technology partnership, creating a subscription-based automation business on top of the existing hardware.** - **Hardware meets software** - the smart irrigation platform combines physical irrigation equipment with analytics and a mobile app, letting farmers automate watering based on real-time soil and weather data rather than manual schedules. - **Revenue from devices and subscriptions** - the model adds new income streams from smart hardware sales, app-based analytics, and recurring subscription fees, layered onto the existing dealer network of over 1,000 touchpoints. - **A small start with a big tailwind** - the segment is expected to contribute roughly 5% of revenue in its first year, but the Indian irrigation automation market is projected to grow at about 24% annually, driven by cheaper sensors and rising rural smartphone use. # Brahmanand Pipes: the capacity engine underneath **A wholly-owned subsidiary building a new 12,000-tonne plant that will boost the group’s total production capacity by roughly half and widen the product range into infrastructure pipes - feeding both the core irrigation business and new government demand.** - **A bolt-on factory in the same industrial cluster** - the new facility is being built in Sinnar, Nashik, close to the existing plants, with construction expected to finish by Q1 FY27 and commercial production starting the following quarter. - **Beyond irrigation pipes** - the plant will make HDPE pipes for government water supply schemes, drainage and sewerage pipelines, telecom ducts, and industrial piping, diversifying the customer base into infrastructure and utilities. - **A non-binding MoU signals ambition** - in May 2026, the subsidiary signed a preliminary agreement with the Maharashtra government proposing an investment of roughly INR 100 crores for further expansion, indicating the scale of the long-term plan. # Group structure and partners **The company operates through a parent entity with two subsidiaries - one being scaled up as the pipe-making arm, the other a majority-owned agrochemicals venture that is being partially sold - plus strategic partnerships that extend its reach without requiring its own balance sheet.** - **The parent board and leadership** - R M Drip & Sprinklers Systems is governed by a six-member board led by Managing Director Nivrutti Kedar, with a CFO and company secretary handling day-to-day financial and compliance management. - **Tuljai Agro Chemicals: a majority stake being unwound** - the company holds 66.69% of this agrochemicals subsidiary, which contributed modest revenue in FY25, but the board has authorised a partial disinvestment, signalling a refocus on the core irrigation mission. - **Partnerships that act as distribution** - the Godrej Agrovet tie-up is an agreement with Godrej Agrovet Ltd, while the unnamed farm-automation technology partner provides the software backbone for the smart irrigation launch.