BLS International hits $1 Bn in M-Cap

BLS International, which offers technology and consultancy for visa and government services, announced on Thursday that it has surpassed a $1 billion market cap thanks to growth in its digital segment and new contracts in the second quarter of the fiscal year 2022–23. (FY23).

According to the Delhi-based business, new contracts and the resurgence of its visa and consular business drove revenue increase in Q2. In Q2 of FY22, the business's operational revenue increased by 87% yearly.

The company, which was established in 2005, provides services to governments and embassies all over the world. Its services include tech-enabled solutions for e-governance, attestation, biometrics, e-visa, retail, visa, passport, consular, and citizen services. For the provision of visa services, it has agreements with Thailand's embassies in Kenya and Mumbai. In North America and Mexico, it handles German visa processing.

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