Bartronics India Limited has secured a significant domestic Purchase Order from Maharashtra Gramin Bank for its Empanelment as a Corporate Business Correspondent (CBC) Service Provider, which will involve delivering CBC services to the bank for an initial period of three years, with potential extensions at the bank's discretion. This appointment is contingent upon the Company executing a formal Service Level Agreement (SLA) and submitting a Performance Bank Guarantee of Rs 25,00,000. While the specific financial consideration will be based on the terms of the SLA and a finalised commission structure, the agreement must be formally executed within 30 days of Bartronics' acceptance of the Purchase Order.
Additionally, the Board of Directors is scheduled to meet on Friday, November 14, 2025. The primary agenda items for this meeting include considering and approving the Unaudited Financial Results of the Company for the quarter and half-year ended September 30, 2025. Additionally, the Board will discuss and potentially approve proposals for raising funds up to an aggregate amount not exceeding Rs 300 crore, which may be done through debt, equity, or a combination of both, pending necessary compliance with the Companies Act, 2013, SEBI Regulations, and other statutory approvals.
Earlier, the company renewed its 15-year association with the Bank of Maharashtra, securing empanelment as a Corporate Business Correspondent (CBC) Vendor for another five years, which affirms its proven capabilities in promoting financial inclusion. Building on its current operations across 1,800 villages, Bartronics plans a significant expansion over the next 6–9 months, increasing its banking touchpoints to 3,000 across Maharashtra, Madhya Pradesh, Chhattisgarh, and Karnataka by adding 1,200 new Customer Service Points (CSPs). This strategic growth is projected to generate an additional Rs 50 crore in revenue and create 1,200 local employment opportunities, allowing Bartronics to continue facilitating essential services—like account opening, deposits, microinsurance, and financial literacy—to underserved communities with secure, ISO-compliant processes.
About the Company
Bartronics is a leading brand specialised in digital banking, financial inclusion and identity management technologies. With its focus on agritech, automation and intelligent systems, the company is expanding its global footprint while delivering sustainable impact through technology. The brand caters to 1 million+ customers.
In the first quarter of fiscal year 2026, the company reported net sales of Rs 8.83 crore and a net profit of Rs 0.45 crore. These figures follow its annual performance for fiscal year 2025, which saw net sales of Rs 40.04 crore and a net profit of Rs 1.75 crore. The company has also approved a change in its official location, moving its registered and corporate offices within Hyderabad to a new address at Trendz Atria House.
In September 2025 Quarter (Q2FY26), FIIs bought 9,74,924 shares of the company and increased their stake to 1.68 per cent compared to the June 2025 Quarter (Q1FY26). The stock’s 52-week high is Rs 24.62 per share while its 52-week low is Rs 11.77 per share. The company has a market cap of Rs 395 crore. From Rs 1.80 to Rs 13.13 per share, the stock gave multibagger returns of over 600 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
Bartronics India Limited received a Purchase Order from Maharashtra Gramin Bank