BLS International Limited
 | |
| Public | |
| Traded as | NSE: BLS BSE: 540073 |
| ISIN | 🆔 |
| Industry | Visa outsourcing, e-governance |
| Founded 📆 | 2005 |
| Founder 👔 | |
Area served 🗺️ | Worldwide |
Key people | Diwakar Aggarwal (Chairman), Shikhar Aggarwal (Joint MD), Karan Aggarwal (Executive Director), Nikhil Gupta (Managing Director) |
| Services | Visa processing, passport services, biometric enrolment, travel insurance, consular services |
| Revenue🤑 | ₹438.09 crore (2024)[1] |
| Total equity | ₹14,792 crore (2024)[2] |
| Members | |
Number of employees | 60,000 (2024)[3] |
| 🌐 Website | www.blsinternational.com |
| 📇 Address | |
| 📞 telephone | |
BLS International Limited is an Indian multinational company that provides outsourcing services for visa, passport, consular, and citizen services to governments and diplomatic missions. The company is headquartered in New Delhi, operates in more than 70 countries, and is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
History
BLS International was founded in 2005 and began by providing visa processing services for the Portuguese Embassy in New Delhi. It later expanded through contracts with other European and Asian diplomatic missions, including Austria, Greece, Belgium, Tunisia, and Russia.
In 2016, the company signed a €175 million contract with the Spanish Ministry of Foreign Affairs and Cooperation to handle visa outsourcing services across Europe.[4]
In 2024, BLS signed an agreement with the Indian Embassy in Spain to establish consular centers in Madrid, Barcelona, and Tenerife. The centers provide services such as passport applications, Overseas Citizen of India (OCI) cards, visas, and police clearance certificates.[5][6]
The company has also been involved in e-governance projects in India, including the management of 2,147 Seva Kendras in Punjab.[7]
Services
BLS International provides services such as visa and passport application handling, biometric enrollment, travel insurance facilitation, mobile biometric services, and document attestation. Its government clients include India, Spain, Germany, Italy, and the Czech Republic.
The company has introduced technology such as artificial intelligence and machine learning for document verification and biometric authentication.[8]
Financial performance
In the third quarter of fiscal year 2024, the company reported a net profit of ₹87 crore, an increase of about 90 percent compared with the previous year.[9] Following the announcement, its share price rose by more than 8 percent on the exchanges.[10] Media reports attributed some of the trading activity to interest from institutional investors such as SBI Mutual Fund.[11]
At the same time, some analyst reports cited technical resistance levels and issued cautious outlooks.[12]
Acquisitions
BLS International has expanded through several acquisitions:
- In 2018, it acquired Starfin India Pvt. Ltd., a company involved in financial inclusion services.
- In 2022, it acquired Zero Mass Pvt. Ltd., which operated in the microfinance sector, for $15.4 million.
- In 2024, it acquired iDATA, a European visa services firm, for €80 million, adding operations in 15 countries including Germany, Italy, and the Czech Republic.
Global operations
BLS International operates more than 100 visa application centers and provides services including document verification, appointment scheduling, and biometric data collection. As of 2024, it worked with over 70 governments, including Indian missions in Kuwait, Sudan, Russia, the United States, and Canada.
Coverage in media outlets such as Business World, Lokmat Times, and Ahmedabad Mirror has described the company as part of a wider trend of governments outsourcing visa and consular services.[13][14][15]
Awards
- India’s Most Trusted Visa Outsourcing Services Company (2019) – International Brand Consulting Corporation, USA.[16]
- Excellence in the Travel Sector (2018) – CMO Asia Awards.
- Best Visa Facilitation Centre (2018) – Middle East Travel and Tourism Leadership Awards.
- Best Operational Process in Visa Outsourcing (2019) – World Quality Congress.
References
- ↑ BLS International Services Q3 results: Profit rises by 90% to ₹87 Cr – Business Standard
- ↑ BLS International Services Ltd – Value Research
- ↑ BLS International Services Q3 results – Business Standard
- ↑ BLS International wins €175 million contract – Business Line
- ↑ BLS partners with Indian Embassy to open consular centres in Spain – ET TravelWorld
- ↑ BLS International expands footprint with Indian Embassy contract – Business World
- ↑ BLS to open Seva Kendras in Punjab – Financial Express
- ↑ BLS launches AI-powered People Hub – TechCircle
- ↑ BLS Q3 Results – CNBC TV18
- ↑ Moneycontrol – Share surge on high volume
- ↑ Livemint – SBI MF interest drives share price
- ↑ Markets Mojo – Stock downgrade report
- ↑ Business World – BLS supporting government services
- ↑ Lokmat Times – Government service facilitation
- ↑ Ahmedabad Mirror – Role in international service delivery
- ↑ Travel Trends Today – Awards 2019
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