BLS International Services Limited has clinched a significant contract worth approximately ₹2,055.35 crore from the Unique Identification Authority of India (UIDAI), marking a major milestone for the company in the realm of public service delivery.

Contract Details

The company received the work order on August 25, 2025, from UIDAI, New Delhi, Government of India. The contract entails BLS International serving as the "Service Provider for Establishing and Running District Level Aadhaar Seva Kendra (ASK)" across India. This project involves setting up service centers nationwide to provide essential Aadhaar-related services.

Scope of Work

Under this contract, BLS International will be responsible for:

• Establishing and operating district-level Aadhaar Seva Kendras throughout the country
• Providing appointment-based and walk-in Aadhaar enrolment services
• Offering Aadhaar update facilities
• Delivering other miscellaneous Aadhaar-related services

Contract Value and Duration

The contract is valued at approximately ₹2,055.35 crore, inclusive of all duties and taxes. This substantial project has been awarded for a duration of six years, highlighting the long-term nature of the engagement and the trust placed in BLS International's capabilities.

Significance of the Contract

This contract represents a significant opportunity for BLS International to contribute to India's digital identity infrastructure. By establishing and managing Aadhaar Seva Kendras, the company will play a crucial role in making Aadhaar services more accessible to citizens across the country.

Disclosure and Compliance

In compliance with SEBI regulations, BLS International has made the necessary disclosures regarding this contract. The company has confirmed that:

• The contract is domestic in nature
• It does not fall under related party transactions
• Neither the promoter, promoter group, nor group companies have any interest in UIDAI

This new contract underscores BLS International's growing presence in the government services sector and its capability to handle large-scale projects of national importance. As the company embarks on this significant venture, it is poised to strengthen its position in the market while contributing to the enhancement of India's digital infrastructure.

BLS International Services , a global leader in visa and consular services, has reported strong financial results for the first quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's consolidated revenue for Q1 FY '26 reached Rs. 710.00 crores, marking an impressive 44% year-on-year growth compared to Rs. 493.00 crores in the same quarter last year. This substantial increase was driven by strong performance in both the visa and consular services segment and the digital services segment.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a robust growth of 53% year-on-year, reaching Rs. 204.00 crores. The EBITDA margin expanded by 171 basis points to 28.70%, reflecting improved operational efficiency and cost management.

Profit After Tax (PAT) for the quarter stood at Rs. 181.00 crores, representing a significant 50% increase compared to the same period last year.

Segment Performance

Visa and Consular Services

The visa and consular services segment, which remains the core business for BLS International, delivered strong results:

• Revenue increased by 11% year-on-year to Rs. 461.00 crores
• Net revenue grew by 60% year-on-year to Rs. 360.00 crores
• EBITDA margin improved significantly to 40.40%, up from 29.30% in Q1 FY '25
• Processed 11.40 lakh applications, representing a 33.60% year-on-year growth

The company attributed this growth to the transition from partner-run to self-managed centers across many locations and the consolidation of iDATA, a recent acquisition.

Digital Services

The digital services segment witnessed exceptional growth:

• Revenue surged by 218% year-on-year to Rs. 250.00 crores
• EBITDA reached Rs. 18.00 crores

This growth was primarily driven by the consolidation of Aadifidelis Solutions and expansion in the Business Correspondent (BC) services.

Strategic Developments

BLS International has made significant strides in expanding its digital footprint:

• Signed a definitive agreement to acquire Customer Service Points (CSPs) of SBI and HDFC Bank from Sub-K IMPACT Solutions
• Onboarded over 10,000 retailers and entered into strategic partnerships with Bajaj FinServ and HDFC Bank
• Expanded services to include digitizing sub-registrar offices in Chhattisgarh and launching Aadhaar Enrollment Centers in Rajasthan

Management Commentary

Shikhar Aggarwal, Joint Managing Director of BLS International, commented on the results: "We have commenced FY '26 on a strong note. This quarter's performance reflects the strength of our operating model and the impact of our strategic execution. We have yet again achieved highest-ever quarterly financials."

Aggarwal also highlighted the company's future outlook, stating, "We are confident in our trajectory and are committed to delivering sustained value to all our stakeholders. We aim to maintain 20-25% growth in profitability and revenue over the next 3-4 years, with clear revenue visibility for 4-7 years ahead."

Financial Position

Despite investing over Rs. 1,000.00 crores in various strategic acquisitions during the previous financial year, BLS International maintains a strong net cash position of Rs. 1,126.00 crores as of June 30, 2025.

The company's robust Q1 performance underscores its successful growth strategy, focusing on scalability, margin expansion, and diversification across geographic and service lines. With its strong market position and continued focus on innovation and expansion, BLS International appears well-positioned for sustained growth in the coming years.