NACOF recorded Rs 2,456 crore in revenue and Rs 14.89 crore in profit for FY 2025-26, operating entirely without government subsidies. The cooperative federation is now targeting international markets, including Russia, Iran, and Chile, to shift its business model toward high-impact joint ventures. This expansion strategy focuses on creating value-added agricultural projects for member cooperatives.
The National Federation of Farmers' Procurement, Processing & Retailing Cooperatives of India (NACOF) has reported a total revenue of Rs 2,456 crore for the financial year 2025-26. The federation, which operates under the oversight of the Central Registrar of Cooperative Societies, also declared a 12% dividend for its member societies. A significant aspect of this performance is that the organization functions without receiving government financial subsidies, relying instead on its own business operations to remain fiscally viable.
While NACOF is a cooperative federation and not a listed company, its shift toward international trade is a notable development in India’s agricultural sector. The federation has identified potential markets in Russia, Iran, Chile, Bangladesh, and Dubai, aiming to establish a footprint for Indian cooperatives abroad. This represents a strategic transition from traditional procurement activities toward more complex business ventures, such as international joint projects and value-chain integration.
To support this growth, the federation is seeking concrete business proposals from its 25 national branches. The leadership is encouraging member cooperatives to move beyond simple agreements and focus on execution-heavy projects that can demonstrate long-term profitability. By selecting members with the capacity to implement these plans, NACOF aims to institutionalize its expansion rather than relying on top-down initiatives.
For the agricultural sector, this model highlights the potential for cooperatives to achieve self-sufficiency by diversifying their revenue streams beyond domestic procurement. However, the success of this international strategy will depend on the federation's ability to navigate global trade regulations, manage logistics in new geographies, and successfully execute joint ventures with diverse partners. These factors represent the primary operational risks as the organization attempts to scale its operations into foreign markets.
The most important updates for observers to track will be the progress of these specific international joint ventures and whether member cooperatives can successfully execute the requested business projects. Additionally, maintaining profit margins without government support while expanding into new markets will be a key performance indicator for the federation in the coming years.