Bartronics India Signs MoU With Bestvantage Investments
Bartronics recently declared its latest expansion drive in collaboration with the Bank of India, one of the largest public sector banks in the country
Bartronics India, a leading IT services & business solution provider delivering cutting-edge technology solutions to enterprises, has signed a Memorandum of Understanding (MoU) with Bestvantage Investments, a pioneering platform offering secure and transparent access to alternative investments in startups.
This partnership aims to drive Bartronics’ growth and innovation, focusing on potential acquisitions in the fintech and insurance sectors to enhance their offerings and expansion strategies. It will leverage Bestvantage’s expertise in alternative investments and startup verification to uncover potential opportunities that align with Bartronics' strategic goals. Bartronics aims to increase its turnover to Rs. 66 crore through this MoU.
Vidhya Sagar Reddy, Managing Director of Bartronics India, said, “We are thrilled to join hands with Bestvantage Investments. This MoU marks a significant milestone in our journey towards expanding our footprint. The collaboration will enhance our technology expertise and cutting-edge domain knowledge and open new avenues for growth and innovation, particularly in the fintech and insurance sectors, allowing us to serve our clients better and facilitate growth.”
Additionally, Bartronics recently announced its latest expansion drive in collaboration with the Bank of India, one of the largest public sector banks in the country.
As part of its ongoing commitment to financial inclusion and community development, Bartronics is set to initiate a significant financial project to provide essential banking services to underserved communities.
Ashwani Singh Bisht, Company Secretary of Bartronics India, said, “We are excited about this collaboration with Bank of India for financial inclusion projects. It is a significant milestone in our efforts to provide accessible banking services to more people and empower underserved communities. We have completed the empanelment process in various zones and are all set to start the operations.”
This strategic partnership with the Bank of India will enable Bartronics to expand its operations into nearly 1,000 additional sub-service areas, significantly increasing its reach and impact. Bartronics will serve around one lakh customers daily, providing them with essential banking services and fostering financial inclusion.
In another key development, Bartronics announced that its promoter entity, Kinex India (formerly known as Antanium India Private Limited), has sold 1.35 crore shares of the company at Rs. 20 apiece through the Offer For Sale (OFS) mechanism.
