BLS International Services , a global tech-enabled services partner for governments and citizens, has announced a significant expansion of its visa processing operations. The company has secured a contract with the Cyprus Embassy in Russia to provide visa outsourcing services, marking a strategic move to strengthen its presence in the Russian market through diplomatic partnerships.

Key Highlights of the Agreement

This new agreement underscores BLS International's continued efforts to expand its global footprint in the visa processing sector. By partnering with the Cyprus Embassy in Russia, the company is poised to facilitate smoother visa application processes for Russian citizens planning to visit Cyprus.

Implications for BLS International

The contract with the Cyprus Embassy in Russia represents a significant opportunity for BLS International to:

1. Enhance its service portfolio in the Russian market
2. Strengthen its reputation as a trusted partner for diplomatic missions
3. Potentially increase its revenue streams through expanded visa processing services

While specific financial details of the contract have not been disclosed, such agreements typically contribute positively to a company's operational growth and market position.

Industry Context

The visa outsourcing industry has been growing steadily, driven by increasing global travel and the need for efficient, secure visa processing services. BLS International's latest contract aligns with this trend, positioning the company to capitalize on the growing demand for streamlined visa services between Russia and Cyprus.

As global travel continues to recover post-pandemic, companies like BLS International that facilitate international movement through efficient visa services are likely to play an increasingly important role in supporting diplomatic and economic ties between nations.

This development may be of particular interest to investors and industry watchers monitoring the growth strategies of companies in the global visa services sector.

BLS International Services Limited , a global leader in outsourcing of visa, passport, consular, and citizen services, has reported robust financial performance for the second quarter of fiscal year 2026, alongside securing a significant government contract.

Financial Highlights

BLS International delivered impressive results for Q2 FY26:

The company's visa and consular services segment, which forms the core of its operations, showed solid growth:

Visa application volumes increased by 12% year-on-year, reaching 11.3 lakh applications in Q2 FY26, up from 10.1 lakh in the same period last year. The net revenue per application also saw a 12% increase, rising from ₹2,883 to ₹3,223.

Digital Services Expansion

The company's digital services segment experienced substantial growth, with revenue surging from ₹77 crores in Q2 FY25 to ₹278 crores in Q2 FY26, marking a 259% year-on-year increase. This growth was primarily attributed to the consolidation of Aadifidelis Solutions, acquired in November 2024.

Major Contract Win

In a significant development, BLS International secured a contract worth approximately ₹2,000 crores from the Unique Identification Authority of India (UIDAI). The six-year agreement involves establishing district-level Aadhaar Seva Kendras, reinforcing the company's position in executing large-scale e-governance and public service delivery projects.

Strategic Partnerships

The company has been actively expanding its partner ecosystem in the digital services sector. Notable partnerships were formed with Aditya Birla Capital and Piramal Finance in July 2025, aimed at broadening service offerings and enhancing customer reach.

Business Expansion

BLS International's digital service network now exceeds 147,000 touchpoints, underlining its commitment to financial inclusion and digital service enhancement across India. The company processed around 3.5 crore transactions in its BC (Business Correspondent) operations during the quarter, with gross transactional value surpassing ₹27,300 crores.

Challenges and Outlook

While the company faces a temporary ban from the Ministry of External Affairs on new tenders due to customer complaints, management remains confident of resolving the issue soon. The ban does not affect existing contracts or operations.

Looking ahead, BLS International aims to maintain its growth trajectory, focusing on both its core visa services and expanding digital business. The company's strategic acquisitions and partnerships, coupled with its growing global footprint, position it well for continued success in the outsourcing services sector.