Hot Pursuit     12-Dec-23
BLS Intl hits record high after securing contract from High Commission of India
BLS International Services rallied 6.77% to Rs 316.40 after the company announced that it has been awarded contract by the High Commission of India (HCI) in Canada for outsourcing consular, passport, and visa services.
The said contract encompasses operations at HCI in Ottawa and Consulate Generals of India (CGIs) in Toronto and Vancouver.

The company will provide a range of services, including consular support, passport processing, and visa facilitation. The company's expertise in leveraging technology to enhance the application process and streamline operations has been a key factor in its successful partnership with the High Commission of India.

Shikhar Aggarwal, joint managing director of BLS International Services, said, “At BLS International, we are honored and delighted to once again be entrusted with the responsibility of delivering consular, passport, and visa services for the High Commission of India in Canada. Our continued collaboration with the High Commission of India is a testament to our dedication to professionalism and our ability to leverage cutting-edge technology to elevate the consular experience. As a global leader in outsourcing services, BLS International remains steadfast in its mission to redefine and set new benchmarks in consular services, reinforcing our position as the preferred partner for the HCI in Canada.”

BLS International Services is global tech-enabled services partner for governments and citizens. It operates in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company works with over 46 client governments including diplomatic missions, embassies & consulates and leverages technology and processes that ensure data security.

The company's consolidated net profit jumped 56.3% to Rs 78.75 crore on 14.3% increase in net sales to Rs 407.74 crore in Q2 FY24 over Q2 FY23.

The scrip hit an all-time high at Rs 316.80 in intraday today.

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