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  1. BLS International Services shares zoom 13% as firm bags fresh contract from MEA

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BLS International Services shares zoom 13% as firm bags fresh contract from MEA

Ahana Chatterjee - image.jpg

3 min read | Updated on October 16, 2025, 13:41 IST

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SUMMARY

Under the terms of the agreement, BLS International will be responsible for establishing and managing Indian Visa Application Centres (IVACs) in Beijing, Shanghai, and Guangzhou

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 At 1:30 PM, BLS International stock was trading at ₹312.15 per share on NSE, soaring 12.06%. Image: Shutterstock

At 1:30 PM, BLS International stock was trading at ₹312.15 per share on NSE, soaring 12.06%. Image: Shutterstock

BLS International Services shares rally 13% to touch an intraday high of ₹314.40 apiece on Thursday, October 16, after the company secured a contract from the Minister of External Affairs (MEA), Government of India.
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The company has bagged the contract to establish and operate Indian Visa Application Centres (IVACs) in China. It will be valid for a period of three years, effective October 14, 2025, BLS said in a regulatory filing.

Under the terms of the agreement, BLS International will be responsible for establishing and managing Indian Visa Application Centres (IVACs) in Beijing, Shanghai, and Guangzhou, offering streamlined, secure, and customer-friendly visa services. The IVACs will incorporate enhanced infrastructure, advanced technology, and multilingual staff to ensure a seamless experience for applicants.

“We are honoured to receive this prestigious contract from the Ministry of External Affairs, Government of India, and look forward to providing excellent services. We believe this is a significant milestone for BLS International, and these IVACs will play a vital role in facilitating reliable and user-centric visa services,” said Shikhar Aggarwal, Joint Managing Director of BLS International Services Ltd.

With a presence in over 70 countries, BLS International continues to lead the consular outsourcing industry, processing millions of applications annually with a focus on transparency, compliance and customer satisfaction.

Following the contract, shares of the firm were seen trading higher. At 1:30 PM, BLS International stock was trading at ₹312.15 per share on NSE, soaring 12.06%.

Further, on October 11, the company had aid in its regulatory filing that the Ministry of External Affairs (MEA), Government of India, has debarred the company from participation in future tenders of the MEA and India Mission abroad for a period of two years.

In its clarification, BLS International said the development does not impact the company’s current financials or ongoing operations. All existing contracts with Indian missions across the globe remain valid and continue to operate as scheduled.

Over the past few years, BLS International, the company said, has strategically diversified its business portfolio, securing new and renewed contracts with key government and institutional clients across the United States, the United Arab Emirates, Spain, Slovakia, Hungary, Poland, Portugal, and through the UIDAI project in India.

BLS International Services is a global tech-enabled services partner for governments and citizens. The company has functioned in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005.

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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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