BLS International Services Ltd Share Price

History of BLS International Services Ltd

BLS International Services Limited was initially established as 'Welken Traders Limited' in November, 1983 as a specialist provider for Outsourcing of Visa, Passport and Attestation Services to the Client Governments across the world. The Company's name was changed to BLS International Services Limited from Welken Traders Limited in March, 2012. BLS International Services Ltd. is a trusted global tech-enabled services partner for governments and citizens, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa services and retail services since 2005. It collaborates with more than 46 client governments, including Diplomatic Missions, Embassies, and Consulates, as well as employs technology a ...nd processes that ensure data security. The Company now has a worldwide presence providing consular, biometrics, and citizen services. In 2010, the Company started operations for Indian Embassy in Spain, Kuwait, Sudan and Russia. In 2011, it started VACs for Indian Embassy in UAE along with other Indian Mission's VACs in South Asian countries. In 2012, commenced operations for Indian Embassy in Saudi Arabia and Singapore. In 2013-14, the Company began foreign missions abroad (4 missions for an EU country), added 7 Indian missions abroad including US and Canada. In 2016-17, the Company, apart from consular business, gained expertise in Citizen Services with Punjab e-governance project providing a first mover advantage in this domain. This led to first international Citizen Services contract win from the Embassy of Afghanistan. It started providing Visa Consultancy Services to various consulates in 2017. It started attestation and apostille on behalf of Ministry of External Affairs, New Delhi (India). The Company started Consular Services (ROSC) in Abuja (Nigeria) and Beirut (Lebanon) Citizen Services Contract from the Embassy of Afghanistan. It added a new contract for UAE Consular Section Services for Dakar, in Senegal in 2017. In August 2018, Company acquired a majority stake in the business correspondent vertical of Starfin India Private Limited through its subsidiary, BLS E-Services Private Limited. It also 51 % of the Share capital in Reired BLS International Private Limited dated 30.11.2018. The Company entered into a contract with Ministry of Foreign Affairs, Italy, and commenced operations for the processing of Italian visa applications in Singapore on 2nd July 2018. It began operations for French Embassy in Jordan. The Company started the Vietnam Visa application centre in Turkey, Brazil Visa application centre in Lebanon, and Morocco Visa application centre in India in 2019-20. It started accepting visa applications from October 2019 to provide efficient visa application services to people traveling to Brazil from Lebanon for business, work or leisure. It entered into an exclusive partnership with the Embassy of Libya to provide visa services Center from November, 2019. It started new Spain Visa Application Centres in Belarus and Miami. It relocated Spain Visa Application Centres to larger sites in Ankara & Tashkent to service more applicants and provide more enhanced services. In June 2022, Company acquired Zero Mass Private Ltd, India's largest business correspondent. The all-cash acquisition - funded through accruals - graduated BLS into India's largest business correspondent network. The acquisition was in line with BLS' strategy to strengthen its position in the business correspondent segment. The Company was authorized by the Royal Thai embassy to provide visa services in Kenya in 2023. The Company acquired the Turkey-based visa processing company, iData, in July, 2024. The Company marked a transformative change by deploying funds in iDATA, Citizenship Invest, and Aadifidelis Solutions in FY2025. The Company acquired iDATA, Citizenship Invest, and Aadifidelis Solutions in Europe, the UAE, and India, respectively, enhancing its visa services, residency-by-investment offerings, and financial inclusion services by deploying funds in FY 2025. In FY 2025, the Company acquired 100% stake in iDATA, a reputed Turkey-based visa and consular services provider, which holds consular service contracts with the governments of Germany, Italy, and the Czech Republic, and operates across several CIS (Commonwealth of Independent States) countries. The Company expanded its service by acquiring Citizenship Invest (CI), a UAE-based advisory firm specialising in citizenship by-investment and residency programmes. This marked Company's strategic entry into the long-term visa segment and broadened its presence in the investment migration space. The Company further acquired a 57% stake in Aadifidelis Solutions Private Ltd. (ASPL), a prominent player in loan origination and distribution..