BLS International Services crosses $1B market cap
- ByStartupStory | December 16, 2022
The Indian outsourcing service provider BLS International Services Limited crossed $1B market cap. This Delhi based tech company was started in 2005. The major service of the firm is to work as an outsourcing service provider for government and diplomatic missions worldwide. The company collaborates with multiple governments and embassies, including Brazil, Spain, Italy, Hungary, the US, Canada, Estonia, Lebanon, Portugal, Vietnam, Morocco, Belarus, France, UAE, etc.
“This new milestone that BLS has crossed is the latest feather in our cap. But we will not rest on our laurels and will keep working harder and more efficiently and introduce new innovations in our services. The sky’s the limit for everyone at BLS.” said by Shikhar Aggarwal the Joint Managing Director of BLS.
Their stock price has increased around 110% within half an year and a 14% increase compared to the S&P BSE Sensex’s.The company manages visa, passport, consular, attestation and citizen services for client governments and diplomatic missions in Asia, Africa, Europe, South America, North America and the Middle East. It also provides citizen services to state and provincial governments. BLS International Services Limited started business with processing 10,000 visa applications in 2005, and by 2018, it was processing over 11 million applications annually.
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