Synopsis:
The biggest global players in visa application outsourcing are in focus today after receiving a domestic contract from the Indian Ministry of External Affairs.
A small-cap company that is the biggest global player in visa application outsourcing is in the spotlight today after receiving a 3-year contract from the Indian Ministry of External Affairs.
With the market capitalization of Rs. 12,914.25 crore, the shares of BLS International Services Ltd is trading at Rs. 314, up by 12.73 percent from its previous day’s close price of Rs. 278.55. It has touched an intraday high of Rs. 332.60 in today’s trading session rising by 19.27 percent
What’s the News?
BLS International Services Limited has been awarded a 3-year contract by the Indian Ministry of External Affairs to establish and operate Indian Visa Application Centers (IVACs) in China. The centers in Beijing, Shanghai, and Guangzhou will provide secure, efficient, and customer-friendly visa services with advanced infrastructure, technology, and multilingual staff, effective 14th October 2025.
Also Read: Smallcap stock jumps 9% after company announces Q2 results
Management View
According to Shikhar Aggarwal, Joint Managing Director of BLS International Services Ltd, the company is honoured to receive the contract from the Ministry of External Affairs and aims to provide reliable, user-centric visa services through the new IVACs.
He highlighted that the contract reinforces BLS International’s position as a trusted government partner and reflects its commitment to digital transformation, public service excellence, and customer satisfaction across its operations in over 70 countries.
About the Company & Others
BLS International Services Ltd., established in 2005, is a global tech-enabled services partner for governments and citizens, specializing in visas, passports, consular, e-governance, attestation, biometrics, e-visa, and retail services.
Recognized by Business Today, Forbes Asia, and Fortune India, the company serves 46+ governments through a network of 50,000+ centers and over 60,000 employees and associates, ensuring secure and efficient citizen services worldwide.
A return on equity (ROE) of about 34.3 percent, a return on capital employed (ROCE) of about 33.6 percent and debt to equity ratio of 0.21 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 22.1x lower as compared to its industry P/E 40.1x.
In Q1FY26, the company posted revenue of Rs. 711 cr, up 44 percent YoY from Rs. 493 cr in Q1FY25 and 3 percent QoQ from Rs. 693 cr in Q4FY25. Net profit for the quarter stood at Rs. 181 cr, rising 50 percent YoY from Rs. 121 cr in Q1FY25 and 25 percent QoQ from Rs. 145 cr in Q4FY25, indicating strong growth in both top and bottom lines.
Written by Akshay Sanghavi
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