Bartronics India enters into a service level agreement with a PSU Bank-Bank of Maharashtra
DSIJ Intelligence-1 / 05 Nov 2025/ Categories: Penny Stocks, Trending
From Rs 1.80 to Rs 13.50 per share, the stock gave multibagger returns of over 600 per cent in 5 years.
Bartronics India Limited and Bank of Maharashtra have officially signed a Service Level Agreement (SLA), appointing Bartronics as a Corporate Business Correspondent (CBC) for the bank's Financial Inclusion Programme. This significant five-year contract, which is in the ordinary course of Bartronics' business, mandates the company to establish biometric-supported Kiosks/Non-Kiosks and provide essential customer service points, technology, and operational support across India in unbanked or underbanked areas, including Rural, Semi-urban, Urban, and Metro locations. By setting up these BC outlets/Centres, Bartronics will facilitate the convenient delivery of banking services to populations with difficult or no access to formal banking, with the agreement being subject to Bartronics meeting strict service quality benchmarks and submitting a Performance Bank Guarantee.
Additionally, the company is investing up to Rs 50 crore in molecular diagnostics firm Huwel Life Sciences to acquire an initial 15 per cent stake, with an option for an additional 15 per cent. This strategic partnership aims to leverage Huwel's expertise in developing over 100 diagnostic products, including its acclaimed, low-cost Quantiplus® TB Fast Detection Kit, with Bartronics' market reach and business development capabilities. BIL will manage the marketing and sales of Huwel's portfolio—which also includes RT-PCR solutions—to secure a predictable revenue stream and assist the government's TB elimination goals, while both companies will collaborate on future research, new product launches, and expanding into international markets like Africa and Southeast Asia.
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 over Rs 400 crore. From Rs 1.80 to Rs 13.50 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.