Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Limited, has entered into a Share Subscription cum Shareholders’ Agreement with Hyderabad-based Huwel Lifesciences. The agreement builds on a memorandum of understanding signed in September 2025 and sets the framework for joint business development and project execution in tuberculosis diagnostics.
Under the terms of the agreement, ASMS will acquire a minority stake in Huwel Lifesciences and work alongside the company to pursue institutional opportunities and implement projects. ASMS will also be entitled to a defined share of net revenues from projects secured through its engagement and business development efforts.
Huwel Lifesciences’ tuberculosis testing platform, Quantiplus® MTB FAST, has recently undergone a Health Technology Assessment conducted by the Department of Health Research under the Ministry of Health & Family Welfare, Government of India. The review evaluated molecular tuberculosis diagnostic technologies currently in use across the country. According to the findings, the Quantiplus platform enables testing at an estimated cost of about ₹340 per sample, compared with ₹700–₹1,000 per test typically associated with existing molecular diagnostic systems used in public programmes.
One of the platform’s key features is compatibility with open RT-PCR systems. This allows healthcare authorities to utilise the large installed base of RT-PCR machines deployed across India during the COVID-19 response, enabling faster rollout without requiring proprietary equipment or significant new capital investment.
India conducts close to one crore tuberculosis tests annually under the National TB Elimination Programme. With testing for detection and drug resistance combined, the annual molecular TB diagnostics market is estimated at around ₹1,000 crore. The assessment results allow central and state procurement authorities to evaluate the Quantiplus platform for wider adoption in public health programmes.
Vidhyasagar Reddy, Managing Director of Avio Smart Market Stack Limited, said the agreement reflects the company’s intention to participate in scalable healthcare solutions while expanding into life sciences. He noted that the collaboration provides an opportunity to support cost-effective diagnostics in a nationally significant programme.
The company stated that the partnership marks the beginning of its broader strategy to build a presence in healthcare and diagnostics-related sectors, leveraging institutional relationships and project execution capabilities to support public health initiatives across India. Bartronics India Limited is a financial inclusion and rural fintech infrastructure company focused on expanding access to digital and assisted banking services across rural and semi-urban India. Through its corporate business correspondent network and technology-led operating model, the company supports public sector and regional rural banks in delivering secure and scalable financial services.
