Bartronics India Limited Empanelled as Corporate Business Correspondent for Bank of Maharashtra

Bartronics India Limited, a technology-enabled solutions provider, has been officially empanelled as a Corporate Business Correspondent (CBC) Vendor by the Bank of Maharashtra for a period of five years. This renewal strengthens a 15-year association, recognising Bartronics' strong execution capabilities and consistent performance in furthering financial inclusion. Bartronics currently operates CBC services for the bank across 1,800 villages, serving over 15 million people with secure, ISO-compliant processes.

The new engagement will see Bartronics significantly expand its operational presence from 1,800 to 3,000 banking touchpoints within the next 6–9 months. The expansion will focus strategically on Maharashtra, Madhya Pradesh, Chhattisgarh, and Karnataka, adding 1,200 new Customer Service Points (CSPs). This move is projected to generate an additional Rs 50 crore in revenue over the five years and will create employment for 1,200 local CSP agents, boosting rural entrepreneurship.

Bartronics will continue to support the Bank of Maharashtra's customer outreach by facilitating a broad range of essential banking and financial services. These include account opening, deposits, withdrawals, fund transfers, microinsurance, social security enrolments, and financial literacy initiatives. With a long-term vision to leverage its extensive CBC network across seven partner banks, Bartronics aims to play a transformative role in empowering underserved regions with accessible and secure digital banking.

Speaking on the occasion, Mr N. Vidhya Sagar Reddy, Managing Director, Bartronics India Limited, said: “Our empanelment by Bank of Maharashtra is a strong validation of Bartronics’ performance, credibility, and field execution strength. With this new engagement, we aim to expand our footprint to reach 3000 locations under Bank of Maharashtra while empowering communities through digital financial access. As we continue to collaborate closely with the Bank, our goal remains to strengthen India’s financial inclusion ecosystem through efficient delivery, trained manpower, and measurable social impact.”

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 13.28 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.