Avio Smart Market Stack Limited (formerly known as Bartronics India Limited) has received a significant purchase order from Indian Overseas Bank (IOB). The company has been empanelled as a Corporate Business Correspondent Service Provider to manage Business Correspondent Agents (BCAs) under the Financial Inclusion Technology framework. The contract is set for an initial period of three years from the date of agreement, with potential for renewal at the bank’s discretion.

The order involves providing service contracts for Financial Inclusion Corporate Business Correspondent Services. This domestic contract will involve payments released on a monthly basis, calculated based on the actual number of enrollments and transactions recorded on the bank’s CBS server. The company confirmed that this order is within its normal course of business activity and does not involve any interest from promoter groups or related party transactions.

Incorporated in 1990 and headquartered in Hyderabad, Avio Smart Market Stack Limited is building a unified rural operating system that integrates financial inclusion, agriculture, and healthcare. In March 2026, the company signed a strategic Memorandum of Understanding (MoU) with US-based firms Aquasafra Holdings and Waterfield Farms to develop technology-driven aquaculture ecosystems. Additionally, it expanded its collaboration with Huwel Lifesciences to introduce patented molecular diagnostic products across India. The company also recently entered a partnership with Agrosperity Tech Solutions (KiVi platform) to strengthen India’s agricultural ecosystem through digital financing and supply-chain solutions.

For the quarter ended December 2025, the company reported net sales of ₹48.34 Crores, showing a significant jump compared to ₹12.40 Crores in the preceding September 2025 quarter. The net profit for the December 2025 quarter stood at ₹2.44 Crores, an increase from ₹1.01 Crores in the previous quarter. Notable investors in the company include Kinex India Private Limited, which holds a 69.37% promoter stake, and Scan Help Technologies Private Limited, which holds a 4.56% stake. Centillion Capital Private Limited also recorded a buy deal in January 2025.