Founded in July 2018, Satyukt Analytics is at the forefront of decision analytics, employing cutting-edge technology in satellite remote sensing, machine learning, and big data analytics to address critical challenges in industries such as agriculture, banking, financial services, and insurance across the globe. At the heart of Satyukt’s innovation are scalable algorithms that harness a wealth of earth-observation satellite data, delivering essential insights at the farm scale. Notably, Satyukt’s groundbreaking products play a pivotal role in revolutionizing the instant advisory for input management, assessment of crop insurance, offering rapid evaluations, damage estimates, and enabling prompt payments. Moreover, the company’s crop health data enables fertilizer and pesticide enterprises to strategically market their products in regions susceptible to pests and diseases.
Satyukt’s expertise lies in leveraging a multitude of earth-observation satellite constellations to craft pioneering algorithms that merge multi-satellite data. This enables the creation of specialized space-based products, including parameters like nitrogen, phosphorus, potassium, soil organic carbon, soil pH value, soil moisture, crop health monitoring, crop yield estimation, water requirements, and usage, all on a farm-specific basis. An exceptional highlight is Satyukt’s unparalleled proficiency in processing available satellite data to provide soil health reports instantly, an attribute that sets it apart as the sole Indian company with such proficiency.
Satyukt’s impressive portfolio includes four distinct products: Sat2Farm, providing farm-scale insights without physical intervention. The ability to cover large areas quickly with real-time data, reducing the need for labor-intensive farm management works. Cost-effective over traditional methods and playing a crucial role in precision agriculture, and sustainable crop management. Enabling small to large land holding farmers to practice precision farming; Sat4Agri, offering detailed crop analysis for optimized supply chains. Act as a platform for fertilizer and pesticide companies to promote their products directly to farmers. By analyzing farmers’ data, companies can create targeted marketing campaigns and offer discounts or incentives to encourage product adoption. This data can be used to forecast demand and ensure that the right products are available to the farmers when needed; Sat2Credit, delivering risk and credit scores for informed agri-lending. Thereby streamlining the credit process of banking and financial institutions for farmers like never before. Through Sat2Credit, it is possible to give all stakeholders transparent, real-time information that is available globally; and Sat4Risk, focusing on farm-level risks and crop health monitoring for insurance companies. Helping farmers, agricultural experts, and stakeholders make informed decisions to mitigate potential risks and optimize farm management.
The company’s journey has been marked by the acquisition of grants, investments, and funding rounds, getting national award, establishing a robust foundation that paves the way for extraordinary growth. In the recent landscape of Q3 and Q4 of FY23, Satyukt has achieved a significant milestone – profitability. This achievement, coupled with an unwavering commitment to progress, has propelled the company’s strategic focus on expanding its farmer network.
With a strong foothold already established in India, Guyana, and selected African countries, Satyukt’s aspirations extend far beyond. Notable achievements include recognition for introducing advanced technology to Indian farmers, the development of solutions for multiple languages and crops, and the acquisition of paid users globally.
Looking ahead, Satyukt has ambitious plans for the future, aiming to extend its service area to encompass one million acres. The company’s vision aligns with its ongoing dedication to providing innovative, actionable insights to farmers and businesses worldwide. In this journey, Satyukt envisions its strategic PR firm as a catalyst for enhanced brand visibility among potential clients and investors, while also seeking support in refining its target areas for business development. With a robust team, strong technological foundation, and a track record of transformative solutions, Satyukt Analytics continues to reshape decision analytics in the agriculture and related sectors.
