BLS International Services Limited , a global leader in outsourcing services, has announced the liquidation of two of its overseas subsidiaries due to their non-operational status. This strategic move aims to streamline the company's international operations and focus on more productive ventures.

Subsidiaries Affected

The two subsidiaries undergoing liquidation are:

1. Visametric LLC in Tajikistan
2. iDATA International SARL in Tunisia

Both entities were step-down subsidiaries of BLS International FZE, a subsidiary of BLS International Services Limited.

Liquidation Timeline

Financial Impact

The liquidation of these subsidiaries is expected to have a minimal impact on BLS International's overall financial position:

Key Points

• The decision to liquidate these subsidiaries stems from their non-operational nature.
• No consideration is being received from these liquidations.
• The company has confirmed that these transactions do not fall under related party transactions.
• The liquidations are not part of any scheme of arrangement under SEBI regulations.

This move by BLS International Services Limited demonstrates the company's commitment to optimizing its global operations and focusing on more productive business units. By divesting non-operational entities, the company aims to enhance its overall efficiency and resource allocation.

Investors and stakeholders should note that while these liquidations represent a change in the company's international structure, their minimal financial impact suggests that this is primarily an administrative streamlining rather than a significant shift in the company's overall business strategy or financial position.

BLS International Services Ltd , a global tech-enabled services partner for governments and diplomatic missions, has clinched a significant 3-year contract with the Ministry of External Affairs (MEA), Government of India. The agreement tasks BLS International with establishing and operating Indian Visa Application Centres (IVACs) in China, marking a notable development in Indo-China diplomatic services.

Contract Details

The contract, set to commence on October 14, 2025, involves setting up IVACs in three major Chinese cities:

These centers aim to provide streamlined, secure, and customer-friendly visa services to applicants in China. BLS International plans to incorporate enhanced infrastructure, advanced technology, and multilingual staff to ensure a seamless experience for visa applicants.

Company's Perspective

Mr. Shikhar Aggarwal, Joint Managing Director of BLS International Services Ltd, expressed the company's sentiment: "We are honoured to receive this prestigious contract from the Ministry of External Affairs, Government of India, and look forward to providing excellent services. We believe this is a significant milestone for BLS International and these IVACs will play a vital role in facilitating reliable and user-centric visa services."

Impact and Implications

This contract reinforces BLS International's position in the consular outsourcing industry. The company, which processes millions of applications annually, operates in over 70 countries with a focus on transparency, compliance, and customer satisfaction.

The establishment of these IVACs in China could potentially facilitate easier travel between India and China, which may have broader implications for business, tourism, and cultural exchange between the two nations.

About BLS International

BLS International Services Ltd. has been setting benchmarks in visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company's extensive network includes:

The company is recognized as "India's Most Valuable Companies" by Business Today Magazine and as a "Best under a Billion' Company" by Forbes Asia.

As this development unfolds, it will be interesting to observe its impact on Indo-China relations and the efficiency of visa processing between the two nations.