Shares of Bartronics India jump after signing a long-term SLA to scale Maharashtra Gramin Bank’s rural banking network
DSIJ Intelligence-1Categories: Multibaggers, Trending
From Rs 4.07 to Rs 12.40 per share, the stock gave multibagger returns of 200 per cent in 5 years.
On Tuesday, shares of Bartronics India Limited (ASMS) jumped 3.70 per cent to Rs 12.40 per share from its previous closing of Rs 11.96 per share. The stock’s 52-week high is Rs 24.62 per share while its 52-week low is Rs 11 per share.
Bartronics India Limited has entered into a long-term Service Level Agreement with Maharashtra Gramin Bank to strengthen and expand the bank's outreach in rural regions. This agreement celebrates a successful seven-year partnership, reflecting the bank’s trust in Bartronics’ ability to provide secure and reliable fintech infrastructure. By managing on-ground banking correspondents, Bartronics continues to help the bank offer essential services like account opening and government benefit schemes to underserved communities.
Under this new engagement, Bartronics plans to scale its existing network of 350 banking touchpoints to nearly 600 across Maharashtra. This expansion involves adding approximately 250 new Customer Service Points (CSPs) in a phased manner, focusing on deepening last-mile penetration. This growth is projected to generate cumulative revenues of roughly Rs 30 crore over the next five years, depending on transaction volumes and service adoption rates.
Beyond financial growth, the program is set to create meaningful employment and entrepreneurship opportunities for local agents, supervisors, and support staff. These representatives will facilitate critical financial tasks, including cash deposits, fund transfers, and Aadhaar-enabled payment services. Through this initiative, Bartronics aims to play a transformative role in India’s digital banking ecosystem by empowering rural areas with accessible and secure technology-driven services.
Speaking on the occasion, Mr N. Vidhya Sagar Reddy, Managing Director, Bartronics India Limited, said: “This expanded engagement with Maharashtra Gramin Bank builds on our lonGSTanding association and reflects the Bank’s confidence in Bartronics’ operational strength and field execution capabilities. With this mandate, we aim to deepen further access to secure, technology-enabled banking services across rural Maharashtra while creating sustainable livelihood opportunities. Our focus remains on operational excellence, 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 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 company has a market cap of over Rs 370 crore. From Rs 4.07 to Rs 12.40 per share, the stock gave multibagger returns of 200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.