Key Development

Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Ltd., has entered into a strategic Memorandum of Understanding (MoU) with ProClime Services Private Limited. The collaboration aims to jointly develop and commercialize next-generation biochar-based soil enhancement solutions.

Parties Involved

  • Avio Smart Market Stack Limited (ASMS): Listed entity, Scrip Code: 532694 (BSE), Symbol: ASMS (NSE)
  • ProClime Services Private Limited: Private company specializing in biochar production and carbon project development

Collaboration Scope & Objectives

The partnership combines ASMS's extensive rural network, agricultural expertise, and formulation capabilities with ProClime's specialization in biochar production and carbon project development. The specific objectives include:

  • Developing scientifically validated biochar-integrated fertilizer formulations
  • Enhancing soil fertility, improving water retention, and increasing crop productivity
  • Enabling long-term carbon sequestration
  • Creating pathways for generating verified carbon credits through biochar application
  • Enabling farmers to benefit from emerging carbon markets while adopting sustainable farming practices

Implementation Plan

The collaboration will involve:

  • Research and laboratory analysis (proposed to be undertaken at IIT Roorkee)
  • Field trials and agronomic validation across multiple crop varieties, soil types, and agro-climatic conditions
  • Evaluation of biochar produced from sustainable feedstocks including bamboo, lantana, senna, pine needles, and agricultural residues
  • Determination of optimal formulations for commercial deployment

Strategic Advantages

  • Leverages ASMS's presence across more than 5,000 villages and extensive engagement with rural communities
  • Utilizes ProClime's expertise in sustainable biochar production and climate project implementation
  • Aims to develop commercially viable products that support regenerative agriculture
  • Contributes to India's net-zero ambitions and climate action goals

Management Commentary

Dr. Raja Krishna Murthy Morla, Head – Agri Tech Business, ASMS: "Agriculture today requires solutions that improve farm productivity while addressing long-term environmental challenges. Through this collaboration with ProClime, we aim to develop innovative biochar-based products that support healthier soils, improve crop performance and create measurable climate impact."

Mr. Vijaykumar Rangaraju, Chief Mission Officer, ProClime: "Biochar represents one of the most promising technologies for regenerative agriculture and durable carbon removal. Partnering with ASMS enables us to combine advanced climate solutions with deep agricultural reach, accelerating the adoption of biochar across India's farming ecosystem."

About Avio Smart Market Stack Limited

ASMS is a diversified platform company focused on building scalable businesses across:

  • Financial Inclusion & Digital Services
  • Agri Supply Chain & Technologies
  • Diagnostics & Healthcare

The Company has established a strong presence across rural India through its Financial Inclusion division, creating a trusted distribution network. ASMS has also entered into a strategic partnership with a cutting-edge molecular diagnostics company to diversify into the healthcare and diagnostics sector.