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2025-12-30 01:00:29 pm | Source: Accord Fintech
Bartronics gains on planning long-term Service engagement with Maharashtra Gramin Bank
Bartronics gains on planning long-term Service engagement with Maharashtra Gramin Bank

Bartronics India is currently trading at Rs 12.11, up by 0.15 points or 1.25% from its previous closing of Rs 11.96 on the BSE.

The scrip opened at Rs 11.90 and has touched a high and low of Rs 12.40 and Rs 11.90 respectively. So far 15740 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 1 has touched a 52-week high of Rs 24.62 on 08-Jan-2025 and a 52-week low of Rs 11.00 on 08-Dec-2025.

Last one week high and low of the scrip stood at Rs 12.71 and Rs 11.80 respectively. The current market cap of the company is Rs 368.84 crore.

The promoters holding in the company stood at 69.37%, while Institutions and Non-Institutions held 1.89% and 28.74% respectively.

Bartronics India is planning to enter into a long-term Service Level Agreement (SLA) with Maharashtra Gramin Bank to strengthen and expand the Bank’s banking correspondent and customer outreach network across its operational regions. The proposed agreement plays a key role in the seven-year association between the company and Maharashtra Gramin Bank and reflects the Bank’s continued confidence in the company’s execution capabilities, operational rigour, and sustained commitment to advancing financial inclusion. 

The new SLA builds on this foundation and provides for a structured expansion of the network. Under the renewed engagement, the company plans to scale the Bank’s correspondent network from around 350 to nearly 600 touchpoints in a phased manner, with a strategic focus on deepening last-mile banking penetration across rural Maharashtra. The expansion includes the addition of around 250 new Customer Service Points (CSPs) and is expected to generate cumulative revenues of around Rs 30 crore over the next five years, subject to transaction volumes and service adoption.

The expansion program is also expected to create meaningful employment opportunities through the onboarding of local CSP agents, supervisors, and field-level support staff -- strengthening entrepreneurship, livelihood creation, and on-ground banking assistance across the Bank’s operational areas. Through this engagement, the company will continue supporting Maharashtra Gramin Bank’s Financial Inclusion and Customer Outreach initiatives by facilitating a wide range of essential financial services, including account opening, cash deposits and withdrawals, fund transfers, remittances, Aadhaar-enabled payment services (AePS), enrollment under government and social security schemes, and financial literacy efforts for grassroots communities.

Bartronics India (BIL) is a provider of automatic identification and data capture (AIDC) solutions. Incorporated in 1990, the company is engaged in providing solutions in bar coding, AIDC technologies, RFID, POS and smart cards.

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