Bartronics is a manufacturer of smart cards. It provides solutions by undertaking large-scale turnkey projects in bar coding and radio frequency waves identification and biometric technologies. This company has a US subsidiary, Bartronics America, which has recently been granted a patent by the US Patents Office to design and manufacture an identification device that could be used as a wristband or bracelet that would be very useful for cashless transaction.
The company is already in talks with Disneyland and Formula One headquarters for their cashless transaction solutions across the globe. It has recently started manufacturing from its Hyderabad facility, which is the largest in South Asia. I expect this company to grow rapidly in the coming years with explosive growth being witnessed in organized retail. My target for Bartronics would be Rs 250.
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