Stock in Focus: BLS International, a company that provides technical services to the governments of many countries of the world, has suffered a major setback. The company has been barred from participating in any future tender process of the Ministry of External Affairs (MEA) for two years.
The company said in an exchange filing that it received this information from the Ministry of External Affairs on October 10. This means that for the next two years the company will not be able to participate in new tenders of MEA and Indian missions abroad.
Action due to complaints and cases
This ban on BLS International has been imposed on the basis of several complaints from passport applicants and allegations of ongoing court cases. BLS has said that it will review this order and try to find a solution through legal means.
No impact on existing contract
BLS International clarified that this order will not have any impact on its existing contracts and ongoing work with MEA. That means the company’s financial position and operations will continue as before. The company claimed that all its contracts with Indian missions around the world are valid and running on schedule.
In the first quarter of FY26 (Q1FY26), Indian missions contributed about 12% to the company’s total revenue and about 8% to EBITDA.
Status of BLS International shares
Shares of BLS International closed 0.03% lower at ₹337.20 on Friday. It has registered a decline of about 6.05% in the last 6 months. At the same time, the stock has crashed by 30.14% in this year i.e. 2025. However, the stock has given a multibagger return of 1,603.13% in the last 5 years. The market cap of BLS International is Rs 13.91 thousand crore.
BLS International Business
BLS International is a global technology and outsourcing services company. It provides visa, passport, consular and citizen services for governments and embassies around the world. Its main function is to digitalize and simplify government processes, such as visa processing, passport applications, document verification and identity services.
The company is a partner of government agencies in many countries including India. It is also a global partner of many embassies and governments.
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