BLS International plans to invest ₹2,500 cr to expand into new markets

New Delhi: BLS International, that works with Indian and overseas governments for visa, passport and consular services besides operating Aadhar Seva Kendra pan India, is looking at investing Rs 2500 crore for expansion in new markets, acquisitions and upgrading its tech infrastructure, joint MD Shikhar Aggarwal told ET in an exclusive interview. The company also aims to double its revenues by 2030.

“We are looking at investing Rs 2500 crore across multiple domains over the next three to four years. This outlay is designed to accelerate expansion into new markets, enhance tech infrastructure and execute targeted acquisitions,” said Aggarwal.

“The ultimate goal is to double the revenues by 2030. Out of capex outlay, around Rs 500-600 crore will fund organic initiatives such as internal capacity building, and operational enhancement, and about Rs 2000 crore could be used for acquisitions to scale up operations, enter high growth regions and diversify service offerings in visa, consular and digital services,” he added.


If the acquisition is large, the company could look at a mix of debt and equity financing, Aggarwal said.

Geopolitical developments are influencing how people are making travel decisions, said Aggarwal.

“We are seeing some rerouting and destination shifts, with about 10–15% of travellers adjusting itineraries or transit hubs, rather than cancelling plans. Barring Covid-19, we have not seen regional conflicts impacting our growth on an annual basis,” said Aggarwal.

“The focus is on maintaining operational agility and ensuring a predictable, seamless visa experience as travel patterns evolve,” he added.

In quarter three of financial year 2026, BLS International reported revenue from operations of Rs 736.5 crore, a growth of 43.6% year on year. The company reported a 33% uptick in its net profit to Rs 170.2 crore. BLS International also announced its ‘highest-ever interim dividend of 200% during the quarter under review.

The company is targeting an increase in the existing volume of the contracts it is handling. “We are aiming for an increase in revenues per application. We will also focus on organic growth by bidding on different tenders. “Over $1-2 billion worth of contracts are being renewed in the next one to two years,” said Aggarwal.

BLS International said during the third quarter of financial year 2026, it secured a five-year global contract from the Slovak Republic to establish and operate visa application centres in over 80 countries across all major regions. It also secured a visa outsourcing contract from the High Commission of the Republic of Cyprus, extending its services in South Africa, Lesotho, Eswatini, Mauritius, Botswana, Zimbabwe, Zambia, Namibia, Madagascar, Malawi, and Mozambique. In addition to this, the company also secured contracts with Cyprus for other countries, including China, Mongolia, Cambodia, Laos and Kazakhstan.

BLS International said it also secured a project from the Bihar Government for establishing Permanent Enrolment Centres (PEC) for Aadhar, besides a recent order received from the Unique Identification Authority of India (UIDAI) to establish and operate Aadhar Seva Kendras pan India, worth Rs 2055.35 crore. The company said it also renewed its nationwide contract with the Ministry of External Affairs to provide attestation and apostille services across 17 major centres.