This digital services stock, offering e-governance and business correspondent solutions nationwide, jumped 5% on Wednesday after its subsidiary signed a Rs 6.5 crore deal to acquire roughly 1,480 SBI and HDFC bank Customer Service Points(CSP).
With the market capitalization of Rs 1,850 Crores, the shares of BLS-E Services Ltd jumped up to 5% making an intraday day high of Rs 206.00 per share from its previous closing price of Rs 196.22 per share.
BLS E-Services Ltd, through its subsidiary Zero Mass Private Limited, has signed a definitive agreement to acquire Customer Service Points (CSPs) of SBI and HDFC Bank from Sub-K Impact Solutions on a slump sale basis for around Rs 6.5 crore.
This move will help the company expand its financial inclusion services, especially in states like Andhra Pradesh, Telangana, Rajasthan, Maharashtra, Odisha, and Karnataka.
The deal includes about 1,400 active SBI CSPs and 80 HDFC CSPs, serving approximately 4.75 million customers and handling Rs 8,300 crore worth of transactions annually across 16 million transactions.
Mr. Lokanath Panda, Chief Operating Officer, BLS E-Services said: “We are quite excited to consolidate Sub-K’s Customer Service Points (CSP) network into our plaƞorm.
This strategic move significantly enhances our operational footprint across rural and semi-urban regions, reinforcing our commitment to bridging the financial services gap.
It is a pivotal step aligned with our long-term vision of providing accessible, technology-driven solutions nationwide. Our ambition is to emerge as the leading enabler of the Government of India’s financial inclusion agenda, empowering underserved communities and driving inclusive economic growth.”
BLS E-Services Ltd, a subsidiary of BLS International, is a leading technology enabled service provider in India that offers digital solutions through a wide network of local merchants known as BLS touchpoints.
The company operates across 28 states, providing Business Correspondent services for major banks, E-Governance services in five states, and a range of value-added services like PoS payments, ticket booking, and assisted e-commerce.
Its focus is on reaching people in rural, semi-urban, and remote areas where internet access is limited. BLS E-Services combines both physical outlets and digital platforms (a “phygital” model) to deliver banking, government, and other essential services, making it easier for citizens to access basic financial and public services.
The company reported a strong performance in FY25, with revenue rising 72.41 percent to Rs 519 crore from Rs 301 crore in FY24. Net profit saw a sharp 73.53 percent jump to Rs 59 crore, compared to Rs 34 crore a year ago. The company reports a healthy ROCE of 16.5 percent and ROE of 11.5 percent.
Written By Rohan Pandey
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