BLS International Services Limited , a leading tech-enabled services partner for governments and citizens, has unveiled growth plans targeting an 18-20% compound annual growth rate (CAGR) through new government e-governance and visa projects. The company projects FY26 revenue of ₹1,380 crores, representing a 14% year-on-year growth.

Expanding Global Presence

BLS International is set to expand its global footprint to over 60 countries with 18,000 service centers. This expansion is supported by several key developments:

1. A three-year contract from the Ministry of External Affairs, Government of India, to establish and operate Indian Visa Application Centres across China.
2. Winning Cyprus visa processing operations in Kazakhstan, strengthening its presence in Central Asia.
3. Expanding operations in Latin America with a new Visa Application Centre in Argentina, relocating to a larger facility in Ecuador, and transitioning to a self-managed model in Bolivia.

Technological Advancements

The company plans to launch AI-based verification and citizen services platforms, focusing on margin expansion through high-tech public service contracts. This aligns with their strategy of leveraging advanced technologies to reinforce brand equity, elevate competitive edge, and drive scalable growth across markets.

Major Contract Wins

BLS International has secured significant contracts that underscore its growth trajectory:

1. A contract from the Unique Identification Authority of India (UIDAI) worth ₹2,055.35 crores to establish and operate District-Level Aadhaar Seva Kendras over six years.
2. The contract from the Ministry of External Affairs, Government of India, to establish and operate Indian Visa Application Centres across China.

Financial Performance

The company's financial results reflect its growth momentum:

The company's balance sheet has strengthened with a net cash balance of ₹1,306 crores as of September 30, 2025, compared to ₹928 crores as of March 31, 2025.

Strategic Acquisition

BLS International acquired 100% shareholding in Trefeddian Hotel (Aberdovey) Limited in the United Kingdom for ₹78.3 crores, marking its strategic entry into the hospitality sector.

Leadership Perspective

Shikhar Aggarwal, Joint Managing Director of BLS International Services Ltd., commented on the company's performance: "Q2FY26 was a period of meaningful progress for BLS International, marked by strategic wins, expanding partnerships, and continued growth across our core businesses. Our focus on technology-led service delivery and operational excellence continues to drive our performance and reinforce our leadership in the global government and citizen services domain."

Future Outlook

With its expanding global operations, disciplined execution, new contract wins, and enhanced efficiencies driving margin expansion, BLS International appears to be on a growth trajectory. The company's performance and diversified portfolio continue to underpin its financial outcomes, setting a foundation for future growth.

As BLS International continues to harness advanced technologies and expand its global footprint, it is positioned to capitalize on the demand for outsourced visa and e-governance services worldwide.

BLS International Services , a global leader in outsourcing services, has announced impressive financial results for the second quarter of the fiscal year, showcasing robust growth across key metrics.

Financial Highlights

The company's performance for Q2 demonstrates significant year-over-year improvements:

Despite the strong growth in absolute terms, it's worth noting that the EBITDA margin saw a slight decline, moving from 33.13% in the previous year to 28.90% in the current quarter.

Corporate Governance and Transparency

In line with regulatory requirements, BLS International Services held a Board of Directors meeting on November 11, 2025, where they approved the unaudited financial results for Q2 and the half-year ended September 30, 2025. This prompt disclosure aligns with the company's commitment to transparency and compliance with SEBI regulations.

Strategic Moves

The company has also made some strategic decisions that may impact its future operations:

1. New Leadership: Mr. Ajit Hugh Dias has been appointed as the Chief Human Resource Officer, effective November 11, 2025. With over two decades of experience in the hospitality industry, particularly with the Taj Group of hotels, Mr. Dias brings valuable expertise in HR, learning and development, and culture-building initiatives.

2. Subsidiary Closure: The board has approved the closure of Reired BLS International Services Limited, a wholly-owned subsidiary. This decision comes as the specific project for which the subsidiary was incorporated did not materialize. The company expects to complete the dissolution and strike-off process by March 31, 2025, subject to regulatory approvals.

Looking Ahead

While the company has shown strong growth in revenue and profitability, the slight decrease in EBITDA margin may be an area to watch in future quarters. The strategic appointment in human resources and the streamlining of operations through subsidiary closure indicate that BLS International Services is positioning itself for sustained growth and operational efficiency.

Investors and stakeholders will likely keep a close eye on how these moves translate into financial performance in the coming quarters, particularly in terms of maintaining growth momentum and potentially improving profit margins.