Bartronics India Limited has announced a significant development in its business operations, securing a purchase order from Maharashtra Gramin Bank. The company has been selected to serve as a Corporate Business Correspondent Provider, marking a strategic expansion in its service offerings.

Contract Details

Key Points

• The contract is subject to the execution of a Service Level Agreement (SLA).
• Bartronics India is required to furnish a Performance Bank Guarantee of ₹25,00,000.
• The agreement is set to be executed within 30 days of accepting the Purchase Order.
• While the exact financial terms are not disclosed, the consideration will be as per the SLA and commission structure to be finalized during execution.

Potential Impact

This new contract aligns with Bartronics India's normal course of business activities and may potentially open up new revenue streams for the company. As a Corporate Business Correspondent, Bartronics India will likely play a crucial role in extending banking services to rural and semi-urban areas, supporting Maharashtra Gramin Bank's mission to enhance financial inclusion.

Additional Company Updates

In a separate announcement, Bartronics India has scheduled a Board of Directors meeting for November 14, 2025, to discuss several important matters:

1. Review of unaudited financial results for the quarter and half-year ended September 30, 2025.
2. Consideration of fund-raising options up to ₹300 Crores through debt, equity, or a combination thereof.

These developments suggest that Bartronics India is actively pursuing growth opportunities and strengthening its financial position.

As the company moves forward with these initiatives, stakeholders will be keen to observe how these steps contribute to Bartronics India's overall business strategy and financial performance in the coming quarters.

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:

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.