Swati Bharadwaj Chand
According to the company, the decision to reorganize its operations was taken to have clearly defined business lines and address efficiently the opportunities provided by each of these business units.
As part of the rejig, the loss-making listed Indian company has reorganized both its domestic and international operations. While the company's international operations are now headquartered out of Singapore, its American entity would now become a subsidiary of Bartronics Asia.
In addition to this, a separate subsidiary called Bartronics Global Solutions Limited has been set up as an off-shore development centre to cater to international operations, the company informed the bourses.
The company has revamped its Indian operations into Bartronics identification solutions division, Bartronics financial inclusion division and Bartronics e-governance division. While the identification solutions division would include the business of providing solutions using AIDC technologies along with manufacture of smart cards, the financial inclusion division will include all projects that the company has one in the field of financial inclusion, the company said, adding that the e-governance division would focus on e-governance projects.
Bartronics, which was set up in 1990 in Hyderabad as a bar code solutions provider, has been making losses over the past few quarters and has even extended its financial year 2011-12 by six months upto September 2012. The company posted a net loss of around Rs 26 crore for the quarter ended June 30, 2012, on a total income of Rs 100 crore as against profits of around Rs 31 crore during the quarter ended June 2011 on a total income of Rs 262.32 crore.
The company today designs technology enabled solutions across technology consulting, hardware and RFID tag manufacturing, custom software development, product engineering, systems integration as well as business process outsourcing and has a manufacturing facility at Medhal in Ranga Reddy district of Andhra Pradesh with a capacity to manufacture 100 million smart cards per annum.