BLS International Stock Surge
As the company secures a MEA contract to establish and run visa application centers in China, BLS International’s stock rises 8%.
The business will be in charge of setting up and running these centers in Guangzhou, Shanghai, and Beijing.
Contract Details Announcement
Following the announcement that it had secured a contract to establish and run Indian visa application centers in China, BLS International Services Ltd.‘s stock increased by 8% on October 16. The Ministry of External Affairs granted the contract, which will take effect on October 14 and last for three years, the business informed stock exchanges in a filing. According to the petition, the business will be in charge of setting up and running these centers in Guangzhou, Shanghai, and Beijing.
On October 16, at 12:15 p.m., BLS International’s stock was up 7% at Rs 298 per share on the BSE.
Previous Stock Decline
The company’s stock fell around 18% in early trading on October 13 of this week, reaching a new 52-week low. This comes after the Ministry of External Affairs (MEA) barred the business from bidding on any upcoming ministry and Indian Mission overseas bids for a period of two years.
Company Response Statement
During the post-market hours of Saturday, October 11, BLS International Services notified investors of the most recent order from MEA in an exchange filing. However, it said that the current contracts would remain in effect and will proceed according to their conditions. “All current agreements with Indian Missions across the world are still in effect and are still running on time. Additionally, the order will not have any substantial influence on the business’s financial prospects,” the company claimed.
Debarment and Legal Action
The injunction was granted based on complaints from applicants and claims from court proceedings. BLS International said that this debarment would not have an impact on the company’s current operations‘ financial performance and that it is considering taking the proper legal action against it.
Financial Impact Overview
Notably, Indian Missions accounted for around 8% of the company’s EBITDA and almost 12% of its consolidated sales in the first quarter of FY26 (April–June).
In the larger digital services market, BLS faces competition from Visa processing company VFS Global, TeamLease Services, and Quess Corp.
Market Growth Projection
Research firm Technavio projects that the market for immigration consultancy services in India would expand at a compound annual growth rate of 7% to 10% between 2025 and 2029 because of the continued strong demand for overseas education and residence.
In the first quarter of fiscal year 2026, 12% of BLS International’s total income came from Indian Missions.
BLS said that the injunction has no impact on its operations or finances and that its current contracts with Indian Missions would remain in effect.