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BLS International Services market cap becomes unicorn; Deets inside

It is announced by the tech-enabled services provider BLS International Services that it has become the new unicorn in India with its market capitalization crossing $1 billion this week. The company stated that BLS International’s stock price has more than doubled in the past 6 months, shooting up 110% when it is compared to the S&P BSE sensex’s 14% rise during the same period.

With regard to outsourcing visas, passport, consular, attestation and citizen services, BLS has been a service provider for governments and embassies around the world since 2005. They work with the largest bank of India, SBI as a national business correspondent to offer financial services in India’s urban, semi-urban and rural areas.

The Joint Managing Director of BLS International said the firm will launch fresh innovations in its services. Along with diplomatic missions, embassies and consulates, the entity works with over 46 client governments.

Having 2,000 employees and associates, the company has a network of more than 27,000 centres worldwide. So far, it has processed over 62 million applications across the world. Down 1.59% from previous close, the company’s shares closed at Rs 198.45 apiece on the BSE now.

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