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Company Information

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BARTRONICS INDIA LTD.

21 November 2024 | 12:00

Industry >> IT Enabled Services

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ISIN No INE855F01042 BSE Code / NSE Code 532694 / ASMS Book Value (Rs.) 0.87 Face Value 1.00
Bookclosure 26/09/2024 52Week High 29 EPS 0.05 P/E 409.27
Market Cap. 564.69 Cr. 52Week Low 16 P/BV / Div Yield (%) 21.31 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Bartronics was founded in 1990 by Mr. R K Mehta to leverage the bar coding opportunity. The ownership changed hands in 2000 when the Reddy family agreed to buy out the company. Simultaneously, IDBI Venture Fund infused fresh capital into the company in the form of debt and equity. Incorporated on 10.09.1990 as Super Bartronics Private Limited, the company has been converted into a Public Limited one effective from 27th July 1995. Finally it has been renamed as Bartronics India Limited wef 1st January 1996.

Building on its strengths in Bar Coding and Smart Card technology, the company made a foray into the field of Automatic Identification & Data Capture (AIDC) solutions. Today the company has a good knowledge base of products, technologies, implementation skills and understanding of the market place and is a dominant player in the domestic markets.

The company's emphasis is on enabling businesses to gain real-time visibility, control and information through the effective evaluation, implementation, integration and support of various AIDC technologies. The company is focused on the manufacturing sector and has implemented a number of projects across companies in their manufacturing set-ups. The projects primarily involve inventory & logistics management, time & attendance and asset tracking systems. AIDC is seen as an enhancing technology as it automates the data collection for the main systems.

Awards and Recognitions

* The company has received ISO accreditation in 2002 from Det Norske Veritas (DNV).

* Intermec Technologies Corp., USA awarded the company with Intermec Global Medallion Partner Award in the year 2003 , appreciating the efforts of the company in the embedded hardware component with Bar Code Technology.

2003

-Bartronics in pact with emBiosys

-Bartronics India Limited, a city-based automatic identification and data collection service provider, along with US-based Escort Memory Systems (EMS) launched Radio Frequency Identification Devices (RFID) in the city

2005

-Bartronics India Ltd, an identification technology solutions provider, has priced its shares at the band of Rs 63 to Rs 75 per share, including the premium amount

2007

-Bartronics India Ltd has appointed Shri. Y R Rao as an Additional Director on to the Board of Directors of the Company.

2009

--Registered Office of the Company has been shifted from #5-9-22/B/404, My Home Sarovar, 4th Floor, Secretariat Road, Hyderabad - 500004, Andhra Pradesh to #5-9-22/B/503 5th Floor, My Home Sarovar, Secretariat Road, Saifabad, Hyderabad- 500063 2010 -Registered Office of the Company has been shifted To Survey Number 351, Raj Bollaram Village, Medchal Mandal, Ranga Reddy District - 501401.

2010 - The Company has been awarded a SMART CARD based Financial Inclusion project by five associate Banks (SBBJ, SBIn, SBM, SBP and SBT) of State Bank of India. - The company has been assigned the job of opening at least 1,000 of the 2,000 citizen service kiosks for the New Delhi Municipal Corporation by the end of financial year.

2011 -The Board recommended a dividend of Rs. 1/- per equity share (face value of Rs. 10/- per equity share).

2012 - Bartronics India Limited's, subsidiary Bartronics Asia Pte Ltd has acquired 51 per cent stake in Systems America, Inc. (SYAI).