BLS INTL SERVS LTD

Processes visa applications on behalf of foreign governments and runs a digital financial-inclusion platform in India, earning ₹2,998 crore in revenue in FY26 across two segments. The visa and consular services business generated ₹1,840 crore (61.4% of segment revenue) and is the more profitable stream, contributing ₹725 crore of segment EBIT at a 40.1% margin — up from 34.5% in FY25 and 14.6% in FY22, driven by a shift from partner-run to self-managed centres and higher revenue per application. The digital services segment generated ₹1,158 crore (38.6% of segment revenue), more than doubling year-on-year (+114%), and includes a business correspondent / loan-distribution business, the Aadifidelis acquisition (contributing roughly 25% of revenue from November 2024), and most recently the ₹156.82 crore acquisition of Atyati Technologies, an AI-powered banking-tech and BC firm with FY26 revenue of ₹375.8 crore. The asset-light model runs through 155,000+ touch points and 45,800+ channel partners, with the digital segment's gross transaction value crossing ₹1.1 lakh crore. The company won a ₹2,500 crore UIDAI Aadhaar Seva Kendra contract being deployed across 200+ centres over 1-1.5 years, plus new country contracts in Slovakia, Cyprus, Italy, Portugal and Poland. Materials / service-delivery costs are the largest line at 46.1% of revenue, followed by employees at 15.5%.