Biography of Jaywant Patil: Founder and CEO of Humpy Farms- Entrepreneur
Story of Jaywant Patil: From IT Professional to Organic Farming Pioneer
Early Beginnings and Education
Jaywant Patil, an accomplished entrepreneur and TEDx
speaker, began his professional journey with a solid foundation in electronics.
He earned his BE in Electronics from Savitribai Phule Pune University and later
pursued an MBA in E-Business. This diverse educational background equipped him
with the skills necessary to excel in both technology and business.
Initial IT Career
Jaywant’s career began in the IT sector, where he gained
valuable experience working with various companies. He started as a Software
Engineer at KPIT Cummins Infosystems, followed by a role as an Analyst
Programmer at Syntel. His career continued to evolve with positions in business
management at Uniken Inc. and business development at Treeni Sustainability
Solutions, honing his skills in management and business operations.
A Shift to Organic Farming
In 2010, Jaywant decided to explore a new passion: organic
farming. Despite his busy IT career, he managed his farm on weekends, driven by
a desire to pursue something more meaningful. This commitment eventually led
him to recognize the potential of organic farming as a viable livelihood,
prompting him to leave his IT job and focus full-time on agriculture.
The Birth of Humpy Farms
In 2017, Jaywant, alongside his partner Malvika Gaekwad,
founded Humpy Farms. The idea stemmed from their shared passion for organic
produce and a realization that there was a significant gap in the market for
such products. Humpy Farms was born out of a need to provide high-quality,
organic food directly to consumers, leveraging their expertise in agriculture
and business.
Vision and Mission of Humpy Farms
Humpy Farms is not just a business; it’s a vision for a
better, more sustainable future. The company promotes climate-safe regenerative
agriculture, aiming to reduce carbon emissions and enhance food security. Their
mission is to combine traditional farming wisdom with modern technology to make
agriculture more efficient and sustainable.
Product Offerings and Standards
Humpy Farms specializes in a range of organic products, with
their flagship offering being A2 milk. They also provide paneer, ghee, breads,
flavored honey, cold-pressed oils, spices, dals, and millets. The company
emphasizes rigorous quality standards, including DNA testing of cows and milk
to ensure the highest quality A2 milk. They also test for adulterants and
antibiotics to maintain purity.
Biography of Jaywant Patil: Founder and CEO of Humpy Farms- Entrepreneur/ organic produce/Age/Net worth/wife/ Humpy Farms story/Jaywant Patil story
Innovations in Milk Delivery
One of the standout features of Humpy Farms is its approach
to milk delivery. The milk is either raw or pasteurized, with the raw milk
delivered within 12 hours of collection to ensure freshness. Humpy Farms uses
refrigerated vans to deliver milk in food-grade glass bottles, preserving its
quality and extending its shelf life.
The Shark Tank India Experience
Humpy Farms gained significant attention when it appeared on
Shark Tank India. The company secured Rs 1 crore in funding from investors
including Peyush Bansal of Lenskart, Vineeta Singh of Sugar Cosmetics, and
Gazal Alagh of Mamaearth. This investment valued the company at Rs 6.67 crore
and provided crucial funds for expanding their direct-to-consumer strategy.
Additional Funding and Growth
Following their Shark Tank appearance, Humpy Farms received
an additional Rs 5 crore in funding from angel investors such as Shailesh
Ligade of DBS Bank and Abhay Amrute of IIFL. These funds were aimed at
enhancing technology, strengthening their brand, and expanding their market
reach. The company’s revenue grew significantly, reaching Rs 6.3 crore in the
fiscal year ending March 2023.
Expanding Product Range
Since its inception, Humpy Farms has steadily expanded its
product range. The company now offers a variety of dairy and non-dairy
products, including spices, ghee, rice, and flour. These products are available
nationwide through their app, website, and select e-commerce platforms,
catering to a growing consumer base.
Ethical and Sustainable Practices
Humpy Farms is committed to ethical and sustainable
practices. They ensure that their cows are treated with care and respect, and
their farming practices are free from harmful chemicals. The company also
focuses on fair pay for farmers and improving their living conditions,
reflecting their dedication to social responsibility.
Challenges and Financials
Despite its successes, Humpy Farms has faced financial
challenges. In FY23, the company reported a widening of losses to Rs 1.5 crore,
up from Rs 78.5 lakhs in FY22. The cost of materials and employee benefits
contributed significantly to these expenses, highlighting the financial
pressures of scaling a startup.
Competitive Landscape
Humpy Farms operates in a competitive market, facing rivals
such as Nourish Organics, Two Brothers Organic Farms, and Naario. These
competitors offer a range of organic products, creating a dynamic environment
for Humpy Farms to navigate as it strives to differentiate itself with its
unique value proposition.
The Future Outlook
Looking ahead, Humpy Farms is focused on leveraging its
funding to further develop technology and enhance its direct-to-consumer
approach. The company aims to continue expanding its product offerings and
increasing its market presence, all while staying true to its commitment to
organic and sustainable farming practices.
A Community-Driven Vision
At its core, Humpy Farms is driven by a community-focused
vision. Jaywant Patil and his team are dedicated to changing the world for the
better through organic farming. Their mission extends beyond business, aiming
to foster a healthier and more sustainable future for both consumers and
farmers alike.
A timeline for Jaywant Patil’s journey:
Early 2000s: Jaywant Patil earns a BE in Electronics from
Savitribai Phule Pune University and later an MBA in E-Business.
2000s: Begins his IT career as a Software Engineer at KPIT
Cummins Infosystems and works in various roles at Syntel, Uniken Inc., and
Treeni Sustainability Solutions.
2010: Starts exploring organic farming on weekends while
still working in IT.
2017: Co-founds Humpy Farms with Malvika Gaekwad, focusing
on organic produce.
2017-2018: Humpy Farms emphasizes climate-safe agriculture
and high-quality organic products.
2020: Appears on Shark Tank India and secures Rs 1 crore in
funding, valuing the company at Rs 6.67 crore.
2021: Receives an additional Rs 5 crore in funding from
angel investors, boosting growth and technology.
March 2023: Humpy Farms reports revenue of Rs 6.3 crore but
faces a widening loss of Rs 1.5 crore.
Ongoing: Continues to expand product range, focus on ethical
practices, and enhance direct-to-consumer strategies.
