IRGA Sdn Bhd, an agribusiness consultancy and agritech solutions provider, recently announced plans to engage in a consolidation exercise with 27 Group, a business consultancy with expertise in project management and strategic business planning for the built environment sector.
As part of the exercise, 27Advisory and 27Projects, the advisory and project management concerns under 27 Group, will consolidate into IRGA, with IRGA wholly acquiring the two companies. Girish Ramachandran, founder and director of 27Group, will be taking on the additional duties and responsibilities as Group CEO of IRGA, and will remain as the single largest shareholder of the company.
A primary driver for IRGA in pushing for the consolidation is to allow the company to leverage the extensive research, analytics, and project planning strengths of 27Advisory and 27Projects.
IRGA aims to make use of these newly acquired resources to provide consultancy services to clients which are rooted in well-researched data points and strategic project planning capabilities.
IRGA will also be utilising the company’s data-gathering resources to improve its product innovation and technological development capabilities moving forward.
According to the FAO, approximately 9.2 per cent of the world’s population faced hunger in 2022, while 29.62 faced moderate to severe food insecurity. In light of growing concerns surrounding food insecurity, IRGA aims to support clients in improving their operations by increasing their unit productivity levels to meet the growing demand for food-based products around the world.
Among the key service offerings that IRGA will be providing to clients are Plantation Transformation and Food Security Advisory. In line with these services, IRGA will support clients in the delivery of a comprehensive plantation transformation strategy which will aim to add value across the client’s agribusiness supply chain through the implementation of targeted solutions and operational improvements. The company will also provide guidance to clients in developing a strong ESG and Sustainability framework to enhance the crucial business elements.
The consolidation move will see IRGA undergo an organisational restructuring process in which IRGA Group will be effectively marshalled into four main divisions: IRGA Engineering will be responsible for the development of mechanised tools for the plantation sector; IRGA Advisory will offer consultancy services aimed at improving plantation operations efficiency and productivity; and IRGA Digital will oversee the development of software solutions covering all relevant areas of plantation operations.
Kingoya Agritools represents the plantation tool manufacturing arm of the company, which will be handling the development and innovation of custom-built agricultural tools for the plantation sector. These tools are intended to cater to the oil palm estates and smallholdings, and the general agricultural markets.
The Agritools division is supported by IRGA’s partnership with Kingoya Enterprise, an internationally recognised manufacturer of plantation tools and equipment. The partnership allows IRGA to leverage Kingoya’s extensive global distribution network which has a presence in the top 15 palm oil-producing nations around the world, including Sri Lanka and Nigeria.
The consolidation exercise was officially signed by both parties in January 2023 and was completed in August 2023.
The IRGA team strongly believes this consolidation exercise will provide the necessary thrust needed to achieve its aspiration of becoming a key global player in the international agribusiness consultancy, food security and agritech solutions development.
Source: IRGA Sdn Bhd
