Bartronics India will be entering 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 marks a significant milestone in the seven-year association between Bartronics India and Maharashtra Gramin Bank and reflects the Bank's continued confidence in Bartronics' execution capabilities, operational rigour, and sustained commitment to advancing financial inclusion. Over the years, Bartronics has supported the Bank in expanding access to formal banking services by enabling account opening, transaction-led engagement, and sourcing of social security and government benefit schemes through its on-ground correspondent network.
Currently, Bartronics manages approximately 350 banking touchpoints for Maharashtra Gramin Bank, serving rural and semi-urban communities through secure, technology enabled, and process-driven service delivery frameworks. The new SLA builds on this foundation and provides for a structured expansion of the network.
Under the renewed engagement, Bartronics 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 approximately 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, Bartronics 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' long-term vision is to play a transformative role in India's digital banking and financial inclusion ecosystem by leveraging its extensive Corporate Business Correspondent (CBC) network across public sector banks and Regional Rural Banks and empowering underserved regions with accessible, secure, and technology-driven financial services.
MapmyIndia Mappls has expanded the capabilities of its flagship Mappls App with the introduction of multimodal public transport routes, enabling users to access metro, rail, and bus route information directly on the app.
The addition of public transport routes strengthens Mappls' position as a comprehensive, multimodal mobility platform, bringing together private and public transport experiences on a single, fully indigenous maps and navigation app. With over 40 million+ users, Mappls now enables commuters to view public transport routes, stations, stops, and interchange options, helping them plan more efficient and sustainable journeys. The feature is currently available for select cities including Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Chandigarh, Pune, Kolkata, Ahmedabad, Nagpur, Indore, Patna, Lucknow, Kanpur, Agra, Jaipur, Kochi & Bhopal. It is presently live on iOS and web, with an Android rollout planned shortly.
Cupid has received In Principle approval from its Board of Directors to set up a new FMCG manufacturing facility in the Kingdom of Saudi Arabia (KSA). This will be the company's first manufacturing plant outside India, marking an important milestone in its international expansion journey.
The proposed facility is aimed at supporting Cupid's FMCG growth strategy and strengthening its presence in overseas markets, beginning with the Gulf Cooperation Council (GCC) region. The plant is expected to enhance regional supply capabilities, improve speed to market, and ensure better product availability across KSA and other GCC countries.
The project is proposed to be funded through the company's internal accruals and will be taken forward after completing detailed evaluations and obtaining necessary regulatory and statutory approvals.
By establishing a manufacturing base closer to key international markets, Cupid aims to deepen its FMCG footprint globally and improve service efficiency across the region.