Industry Veteran from McKinsey & Co. Joins Micro-Cap Board as Non-Executive Independent Director
DSIJ Intelligence-1Categories: Penny Stocks, Trending
From Rs 2.30 to Rs 13.95 per share, the stock gave multibagger returns of over 500 per cent in 5 years.
On Friday, shares of Bartronics India Limited zoomed 1.60 per cent to Rs 13.95 per share from its previous closing of Rs 13.73 per share. The stock’s 52-week high is Rs 25.84 per share while its 52-week low is Rs 12 per share. The company has a market cap of over Rs 400 crore. From Rs 2.30 to Rs 13.95 per share, the stock gave multibagger returns of over 500 per cent in 5 years.
Bartronics India Limited, a specialist in digital banking, financial inclusion, and identity management technologies, has announced the immediate appointment of Mr. Panidapu Lakshmi Naga Srinivasa Rao as a Non-Executive Independent Director. Mr. Rao, a seasoned global leader, will contribute his valuable insights and experience to the company's strategic direction, particularly as Bartronics ventures into the agritech sector. His background includes key roles at respected organisations like McKinsey & Company and Kusto Capital, where he advised fast-growing companies on growth, fundraising, and mergers and acquisitions across various sectors, including fintech, infrastructure, semiconductor, and climate.
This appointment signals Bartronics' commitment to blending innovation with international expertise as it expands beyond its traditional business model. With India's agritech sector projected to exceed USD 24 billion by 2025, driven by demand for tech solutions in supply chain transparency, precision farming, and rural fintech, Mr. Rao's expertise in scaling global ventures is expected to significantly bolster Bartronics' efforts to lead in this evolving space. Educated at HHL Leipzig Graduate School of Management (Germany) and Andhra University (India), Mr. Rao is recognised for his ability to align capital, strategy, and execution in growth-stage ventures, making his contribution to the Indian tech and innovation ecosystem timely and aligned with Bartronics' evolving purpose.
“Mr. Rao’s global experience and strategic foresight are crucial as Bartronics accelerates its innovation roadmap and expands its international footprint,” said Mr. N Vidhya Sagar Reddy, Managing Director & chairperson at Bartronics India. “His appointment will strengthen our governance and bring a fresh global perspective at a time when we’re stepping into high-impact, emerging industries.”
Mr. Rao said, “I’m excited to be joining Bartronics at such an integral time in their journey. The company’s focus on innovation and its move into new domains such as agritech aligns well with my experience and passion for building strategic growth.”
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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.
According to Quarterly Results (Q4FY25), the company reported net sales of Rs 8.91 crore and a net profit of Rs 0.93 crore. In its half-yearly results (H2FY25), the company reported net sales of Rs 17.62 crore and net profit of Rs 0.60 crore in H2FY25. For the annual results (FY25), the company reported net sales of Rs 40.04 crore and net profit of Rs 1.75 crore.
Disclaimer: The article is for informational purposes only and not investment advice.