The company added that Indian Missions accounted for about 12% of its consolidated revenue and 8% of EBITDA in Q1 FY26, suggesting limited financial impact.
BLS termed the ministry's order as a procedural development within the visa outsourcing industry, and said it is working toward resolving the matter.
Over recent years, the firm has diversified its business portfolio across new geographies and verticals, securing contracts in the United States, UAE, Spain, Poland, Portugal, and India (UIDAI project), among others. It also expanded through acquisitions such as iDATA and Citizenship Invest.
BLS International Services is a global tech-enabled services partner for governments and citizens. It operates in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company works with over 46 client governments, including diplomatic missions, embassies, & consulates, and leverages technology and processes that ensure data security.
The company’s consolidated net profit jumped 49.8% to Rs 181 crore on 44.23% increase in revenue from operations to Rs 710.56 crore in Q1 FY26 over Q1 FY25.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."