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BLS International Services has been awarded a prestigious contract by the Ministry of External Affairs (MEA), Government of India, to establish and operate Indian Visa Application Centers (IVACs) in China. This prestigious contract will be valid for a period of 3 years, effective 14 October 2025.
Under the terms of the agreement, BLS International will be responsible for establishing and managing Indian Visa Application Centres (IVACs) in Beijing, Shanghai, and Guangzhou, offering streamlined, secure, and customer-friendly visa services. The IVACs will incorporate enhanced infrastructure, advanced technology, and multilingual staff to ensure a seamless experience for applicants
The development strengthens BLS International’s position as a key partner for government and diplomatic missions globally.
BLS International Services provides visa, passports, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services across more than 70 countries through a network of over 50,000 centres.
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.
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.
Avantel Ltd, KIOCL Ltd, Kaynes Technology India Ltd and Bharat Bijlee Ltd are among the other losers in the BSE's 'A' group today, 13 October 2025.
BLS International Services Ltd lost 9.70% to Rs 304.5 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 21.57 lakh shares were traded on the counter so far as against the average daily volumes of 1.21 lakh shares in the past one month.
Avantel Ltd crashed 6.14% to Rs 191.2. The stock was the second biggest loser in 'A' group.On the BSE, 3.99 lakh shares were traded on the counter so far as against the average daily volumes of 6.93 lakh shares in the past one month.
KIOCL Ltd tumbled 4.99% to Rs 482.45. The stock was the third biggest loser in 'A' group.On the BSE, 18531 shares were traded on the counter so far as against the average daily volumes of 2.64 lakh shares in the past one month.
Kaynes Technology India Ltd dropped 4.85% to Rs 6756.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 29545 shares were traded on the counter so far as against the average daily volumes of 29370 shares in the past one month.
Bharat Bijlee Ltd slipped 4.21% to Rs 3180.8. The stock was the fifth biggest loser in 'A' group.On the BSE, 1620 shares were traded on the counter so far as against the average daily volumes of 2446 shares in the past one month.