Bartronics India Limited Expands Financial Inclusion Reach with Bank of Maharashtra

Bartronics India Limited , a prominent player in technology-enabled financial inclusion solutions, has achieved a significant milestone in its partnership with Bank of Maharashtra. The company has been empanelled as a Corporate Business Correspondent (CBC) Vendor for a five-year term, marking a new chapter in their 15-year association.

Expansion Plans and Impact

Bartronics India Limited is set to significantly expand its operations under this new engagement:

Aspect	Current	Planned Expansion
Banking Touchpoints	1,800	3,000
Population Served	15 million	To increase
Expansion Timeline	-	6-9 months
Focus States	-	Maharashtra, Madhya Pradesh, Chhattisgarh, Karnataka
New Customer Service Points	-	1,200
Expected Additional Revenue	-	₹50 crore over 5 years
New Employment Opportunities	-	1,200 local CSP agents

Services Offered

As a Corporate Business Correspondent, Bartronics will facilitate a wide range of essential banking and financial services for Bank of Maharashtra, including:

Account opening
Deposits and withdrawals
Fund transfers
Remittances
Microinsurance
Social security enrollments
Financial literacy initiatives

Strategic Importance

This empanelment is a testament to Bartronics' execution capability, operational excellence, and commitment to deepening financial inclusion across India. The company has consistently delivered strong performance in bank account openings and social security scheme sourcing.

Mr. N. Vidhya Sagar Reddy, Managing Director of Bartronics India Limited, commented on the development: "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."

Long-term Vision

Bartronics India Limited aims to play a transformative role in India's digital banking landscape. By leveraging its extensive CBC network through partnerships with seven banks, the company is working towards empowering underserved regions with accessible and secure financial services.

This expansion aligns with the broader goal of strengthening India's financial inclusion ecosystem through efficient service delivery, trained manpower, and measurable social impact. As Bartronics continues to grow its presence, it remains committed to bridging the gap in financial services accessibility across rural and semi-urban India.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.77%	-4.39%	-6.41%	-19.39%	-38.95%	-2.65%

Bartronics India Limited has entered into a strategic partnership with Bank of Maharashtra, signing a Service Level Agreement (SLA) to serve as a Corporate Business Correspondent (CBC) under the bank's Financial Inclusion Programme. This collaboration, formalized on November 4, 2025, aims to expand banking services to underserved areas across India.

Key Partnership Details

Aspect	Details
Parties Involved	Bartronics India Limited and Bank of Maharashtra
Agreement Type	Service Level Agreement (SLA)
Role of Bartronics	Corporate Business Correspondent (CBC)
Duration	5 years, extendable upon mutual consent
Execution Date	November 4, 2025
Related Party Transaction	No

Scope of Services

Bartronics India Limited will provide:

Customer service points
Technology infrastructure
Operational support for banking services

These services will be implemented in:

Unbanked areas
Rural locations
Semi-urban areas
Urban centers
Metro locations

Implementation Strategy

Bartronics plans to establish:

Biometric-supported kiosks
Non-kiosk outlets

These facilities aim to deliver banking services to individuals with limited access to traditional banking infrastructure.

Significance of the Partnership

This collaboration is part of Bank of Maharashtra's Financial Inclusion Programme, designed to extend banking services to underserved populations. By leveraging Bartronics' technological capabilities and operational expertise, the bank aims to create more accessible touch points for customers across diverse geographical locations.

The partnership aligns with broader national initiatives to increase financial inclusion and bring formal banking services to previously unbanked or underbanked segments of the population.

Regulatory Compliance

As per the disclosure made under Schedule III (Part A) of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bartronics India Limited has confirmed that this agreement is in the ordinary course of business and does not constitute a related party transaction.

This strategic alliance between Bartronics India Limited and Bank of Maharashtra represents a significant step towards enhancing financial accessibility across India, potentially transforming the banking landscape in underserved areas.