Thursday, 17 August 2017

BLS International registers exponential growth for Q1 FY18 BLS International Services Ltd reports net profit of Rs. 29.06 cr, registers 301% growth in Q1 FY18

Consolidated Results
For the Quarter ended June 30th, 2017 (Q1FY18):
  • Total Income stood at Rs. 195 crore, up by 57.06% q-o-q
  • EBITDA of Rs. 43.3 crore; q-o-q growth of 467.85%
  • Net Profit stood at Rs 29.06 crore; q-o-q growth of 301%
  • EPS for Q1FY18 stood at Rs. 2.84, as compared to Rs. 0.71 (Adjusted for 10:1 split) for Q1FY17

New Delhi, August 10, 2017: BLS International Services Limited (BLS), a specialist provider of Visa, Passport, Attestation and Citizen Services to the Governments across the world, declared its financial results today for the first quarter ended June 30th, 2017.

The company reported Net Profit of Rs. 29.06 crore for Q1 FY18, up by 301%, as compared to Rs. 7.25 crore in the corresponding quarter of last fiscal. The company’s Q1 FY18 PAT margin stood at a robust 14.9%, as compared to 5.8% in Q1 FY17.

Total Income for the quarter ended June 2017 stood at Rs. 195.07 crore, up by 57.06%, as compared to Rs 124.20 crore in the same period last year. The company’s earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1 FY18 stood at Rs. 43.27 crore, up 467.85%. Its EBITDA margin improved from 6.15% in Q1 FY17 to 22.18% in Q1 FY18.

Earnings per share (EPS) for the quarter ended Q1 FY18 stood at Rs. 2.84, as compared with Rs. 0.71 (adjusted for 10:1 split) for the quarter ended Q1 FY17.

Commenting on the financial performance of the company Mr. Shikhar Aggarwal, Joint Managing Director, BLS International Services Limited said, “The exponential results have given a good start to Q1 FY18 which eventually translated the efforts of entire team. These results are a reflection of the pace at which the company is growing that is likely to continue for the next quarters as well. We anticipate further expansion of business in this FY18 with new projects in domestic as well as international market. Our endeavour is to be the preferred service provider for all Governments and Diplomatic Missions in India & overseas.”

The increase in the top line is led by Spain project coupled with expanding reach of the company in domestic market with front end and citizen service project. So far, BLS International has opened 118 offices in 43 countries for the Spain project and will be processing 1.8 Million applications in the current financial year.  

BLS International recently signed the contract with Islamic Republic of Afghanistan in UAE representing the Afghanistan Mission in UAE, Qatar, Oman, Bahrain and Kuwait. Under this partnership, BLS International will be commencing 8 offices providing consular services through registration of Afghan citizens, etc.
Last year, the Govt. of Punjab entrusted BLS International for a unique front end and citizen service project in sync with the Digital India vision as the company has expertise in providing visa processing services to about 29 Govt. clients across the world. BLS, through its 2,147 Sewa Kendras is providing 82 citizen services in close coordination with more than 17 departments of Punjab government. BLS is also an authorized Service Provider for attestation of documents by the Ministry of External Affairs, India. It also serves the Embassy of the State of Kuwait and High Commission of Malaysia and several others in the field of Visa/Attestation of Documents/ Apostille in India.
BLS is also an authorized Service Provider for attestation of documents by the Ministry of External Affairs, India. It also serves the Embassy of the State of Kuwait and High Commission of Malaysia and several others in the field of Visa/ Attestation of Documents/ Apostille in India.
BLS supports the consular framework with streamlined processes and work flows. It has the necessary skilled human resources and technical capabilities (including complete biometric solutions) and financial capabilities to deliver efficient and optimal outsourcing solutions. Moreover, to ensure highly efficient project management, it assigns dedicated teams of skilled and experienced persons with relevant project management experience for each project.
About BLS International Services Limited
(www.blsinternational.com; BSE: 540073; NSE: BLS)
BLS International is the world’s largest Indian specialist service provider for outsourcing of visa, passport, consular, attestation and citizen services to the governments and diplomatic missions globally since 2005. From pre-travel information processes, data processing and biometrics capture of applicants to acceptance of crucial travel documents, BLS plays the catalyst in making travelling easy and effortless. BLS has operations in more than 58 countries and is providing services through 2265 offices worldwide.
Globally, BLS International serves client governments via visa & passport application centers across Asia, Africa, Europe, South America, North America and the Middle East for over 29 client governments. BLS International has operations certified ISO 9001:2008 for Quality Management Systems, ISO 270001-2013 for Information Security Management Systems. The company is listed on the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE) and Metropolitan Stock Exchange of India Ltd.
For More Information, Please Contact:

Ms. Vaishali Sharma
Head – Corp Comm.
BLS International Services
Ph.: +91 - 9643006519

Monday, 7 August 2017

BLS – A socially responsible organization.


It has become appallingly obvious that our technology has exceeded our humanity and the greatness of humanity is not in being human, but in being humane. Any living being that is sent from the Almighty comes along with a purpose and it is thus defined well when a special body strives to win that purpose. Physically Disabled beings strive for self-respectability and self-esteem by being valuable to the society.
They too have aspirations to be self-independent, and opportunities must be offered by giant corporate houses to showcase their capabilities. Actions of firms that contribute to social welfare, beyond what is required for profit maximization, are classified as CSR. There is no better example than BLS International’s commitment to hiring people with disabilities. These talented professionals bring unique experiences that foster innovation and new ideas while contributing to a culture of warmth and true inclusion.
Physically challenged people are generally aware of their limitations and know there are certain things they cannot do in an ordinary manner. Contradictory to popular belief, it is also true that nature compensates them with higher levels of skills in distinguished aspects. At the mental level, they are no different from any other person and in many cases quite often better than them. Society must be sensitive to encourage corporate houses to include physically challenged persons at work places and organisations should aggressively come forward to participate in this social-corporate partnership.
BLS International - Punjab Sewa Kendra project has provided opportunities for physically challenged persons to earn their livelihood just like any other normal persons. Physically challenged persons in rural areas need both the care and attention of family and staying employed. Employment is the biggest source of self-respect of those who are physically challenged. Punjab Sewa Kendra opened such a window of opportunity to those who are well educated and looking for opportunities to prove themselves. It is a matter of pride for such an organisation that 2% of their workforce form inclusion resources.
Such special resources are catering to the needs of citizens through e-governance platforms. In fact, BLS has given the physically challenged persons equal opportunities from the point of recruiting and deputing them in the system for serving the citizens. Even the capacity building and training activity have been undertaken at their workplace such that they handle the operations independently and serve the society on an equal footing in a dignified manner.
People with disabilities are an important component of a diverse pool of talent and BLS International is determined to draw from this valuable resource. We actively seek to hire disabled employees because of the tremendous value they bring to the workplace.

BLS International starts mobile biometrics


Mobile Biometrics is a present-day pre-requisite, among massive portfolio of Value Added Services extended by BLS International Services. The organization aims to disentangle visa application process by providing service in the name of Mobile Biometrics at an applicant’s offices/residence or any other location, subject to risk assessment.


BENEFITS
  • Able to serve large groups better such as: corporate employees, students, film production unit members, sport teams, special needs groups, and weddings guests.
  • Convenient, time-saving and hassle free way of submitting their visa application.
  • Respecting need for privacy which might be awaited from, but not limited to VIP, actors, singers, artists and entrepreneurs.


BRIEF PROCESS OVERVIEW
  • As soon as the applicant/group contacts for the appointment, dedicated staff from the call centre will contact them, explaining entire process of Visa Application & Mobile Biometrics facility and schedule the appointment.
  • After acknowledgement of pre-payment for BLS service fee applicant will receive a confirmation of appointment and details of required documents.
  • Mobile Biometrics Officer (MBO) will visit the applicant on appointment date to capture the biometric data.
  • MBO will verify all the documents and capture the biometric fingerprint and photograph. The entire process will be video recorded to ensure security compliance.
  • MBO will submit all the documents to the respective VAC to process the application and complete the ACCEDA and application entries.
  • Applicants will be able to track their application status through the website/ SMS.


MOBILE BIOMETRICS DISSEMINATION OF INFORMATION
  • Applicants will be informed about option of Mobile Biometrics collections, through the following sources:
  • Website – Website will have all the required details about Mobile Biometrics, fees and FAQ’s. Dedicated Call Centre number and email ID for enquiry for Mobile Biometrics will be published on BLS Spain Visa Application website.
  • Enquiry on email – Separate e-mail ID will be created, where applicants can send further send queries.
  • Call Centre – Dedicated team will handle all the relevant enquiries with regards to the Mobile Biometrics.
  • EQUIPMENT
  • Mobile biometric box will have one laptop, one finger print scanner, one camera Cannon 1300D, one tripod for camera,  Logitech video camera  to capture the complete process and dockets to secure all the documents during the process applicants reference.


CONDITIONS AND EXCEPTIONS

  • All applicants need to be at one place for biometric data collection in case of groups.
  • Any document missing or not submitted at the time of collection can be mailed to us.
  • Only after the required documents are received the application will be submitted at the Embassy/ Consulate for processing.
  • Service charge for Mobile Biometrics would be non-refundable.


Wednesday, 26 July 2017

Amazing destinations that you should visit in Spain



“The world is a book and those who do not travel read only one page.” - St. Augustine

If you have travelled many parts of the world excluding Spain, your voyage is still unfinished. The cited quote best fits a traveller who has not yet made it to Spain. There are more than thousands of reasons why one should visit Spain. If you are also planning to visit Spain anytime soon, here’s why you should travel to one of the most valued European destinations for once.

Let’s take you for a virtual ride to some of the amazing destinations in Spain.

1. Madrid: If you follow the Spanish Football League on regular basis, Madrid needs no figurative introduction.. The capital city of Spain, Madrid is known for its intoxicating nightlife, lip-smacking food, rich culture and much more alluring things to offer. Reckoned as one of the largest cities in Spain and Europe’s most colourful cosmopolitan cities, Madrid boasts plenty of attractions to offer. If you happen to be here, don’t forget to step into the Puerta del Sol, which is popular for hosting many significant gatherings and electrifying performances. Besides, places like Plaza Mayor and Royal Palace are two more spectacular tourist pullers in Spain.

2. Barcelona: If you want to feel the local vibe blending with architectural luminosity, arresting boutiques, unmatched food and unexplainable natural grandeur, Barcelona may be the place for you to stop by. The tranquil in the city makes you fall in an affair with Barcelona for sure.

3. Costa Brava: For honeymooners and nature buffs, nothing could be a better site than visiting Costa Brava, one of the restful coasts in Europe. Blessed with natural abundance, azure beaches and elegant horseshoes, Costa Brava is a must visit in Spain. In this city, you get to avail some of the finest hotels, locally produced wines and exceptional food. So make sure you don’t miss an opportunity to capture the scenic splendour of the place holding a glass of wine..

4. Cobalt Islands: If you have explored some of the finest Indian beaches in Goa and Andaman’s, I am sure the Spanish Islands are going to change your insight about beaches to a soothing extent. Spain is known for some of the breathtaking Islands in Europe. When in Spain, make sure you count on east of the Spanish mainland, which houses four popular Spanish Islands namely; Formentera, Menorca, Ibiza and Mallorca.

5. Valencia: Nestled in the eastern part of Spain, Valencia is eminent for its iconic complex, the City of Arts. There are several buildings accommodated within the complex where, you get to explore an amazing blend of aquarium, museum and planetarium. The best time to visit Valencia is in the month of March when the famous Fallas Festival is celebrated here with great gusto. This is undoubtedly an ideal hangout hub for children.

Know your best buys when in Spain


A travel tale remains incomplete without a bag full of goodies that you take home from your trip. There are many visitors who just love to explore various parts of the world, but knowing what exactly to bring home from their time off is something quite taxing. Plenty of tourists often pay a visit to Spain with least idea of things that they should take home from there. If you are also making a plan to visit Spain and bring home some old-fashioned outfits and leather clutches for your buddies and kith and kin, here are few souvenirs and best gifts that you can get back from Spain:

Castanets: It is a popular rhythmic instrument used in Spanish music, the Spanish call it castaƱuelas. Made of bowl-shaped pieces of wood and joined by a cord in pairs, the castanets sounds amazing when fingered together. If you take a deep look at the concave pairs of this instrument, they look like a pair of chestnuts. This is one of the best souvenirs and Spanish gifts that you can buy from Spain.

Fan: Spanish hand fan is a soothing souvenir that you can buy from the Spanish market. The colourful flowery designed Spanish fan is quite handy to carry and a tempting gift as well. If you flock outside any Spanish bar during the summer, you will get to watch many Spanish ladies wielding a hand fan to beat the heat. Spanish hand Fan is certainly one of the best souvenirs buys in Spain.

Espardenyes: Named after the famous Mediterranean grass esparto, Espardenyes or Espadrilles are basically the tradition cloth shoes in Spain. There are a number of shops in Barcelona showcasing an array of espadrilles to sell. You can pick any of the colourful espadrilles models that are either open or fully closed with strings. Traditional Espardenyes from Spain is always a good idea to gift someone back home.

Caganer statuette: This is one of the certain buys if you visit Spain during Christmas. A small shaped Catalan figure having pooh basically depicts the equality of all men and their basic needs. These days, Caganer figures are also available in various shapes depicting some renowned characters. If you pick this pooh figured gift for anyone, make sure to describe the significance of this gift to that person.

Bota: How about taking a sip of Cava from a leather bottle? Bota is a trendy leather wine bottle, which is easy to carry and idyllic for drinking on the go. There is a minuscule hole in the bota that allows you to squirt directly the wine into your mouth. If you have any drinking partner way back your home, gifting him/her a bota could be a great idea.

These are some of the must buy souvenirs from Spain. In addition, there are several other goodies as well that can be purchased from Spain for your friends and relatives at home.

Thursday, 6 July 2017

Punjab Sewa Kendra : An opportunity to a life of dignity


All humans are gifted in their own way. What matters in the end is how well we make use of natural skills and contribute to Society in a positive manner?

Physical challenged persons too strive for self-image and endowed with special skills. They are aware of their limitations. There are certain things they cannot do in the same way. But at the mental level they are no different from any other person and quite often better than them. A society must be sensitive to encourage and include physically challenged persons at work places. They too have similar aspirations: well educated, self-independent, and an opportunity must be given to showcase their capabilities.

Punjab Sewa Kendra project has provided opportunity for physically challenged persons to earn their livelihood just like any other normal persons. Physically challenged persons in rural areas need both the care and attention of family and staying employed. Employment is the biggest source of self-respect of those who are physically challenged. Punjab Sewa Kendra opened such a window of opportunity to those who are well educated and looking for opportunities to prove themselves.

Currently 2 % of the employees working in Punjab Sewa Kendra project are physically challenged and are catering to the needs of citizens through e-governance platforms. In fact BLS has given these physically challenged persons equal opportunities from the point of recruiting and deputing them in the system for serving the citizens. Even the capacity building and training activity has been undertaken at their work place such that they handle the operations independently and serve the Society in a dignified manner.

By employing physically challenged persons, BLS International found it result oriented in serving the citizens while also providing a dignified life in the society both for rural and urban youth.

Saturday, 1 July 2017

BLS International signs 5 Gulf country contract for Islamic Republic of Afghanistan


BLS International Services Ltd. has signed a contract with Embassy of Afghanistan in UAE, representing the Afghanistan Mission in UAE, Qatar, Oman, Bahrain and Kuwait. Under this partnership, BLS International will be providing consular services through registration of Afghan citizens, etc. The contract was signed by Afghanistan Ambassador in UAE, H.E Abdul Farid Zikria in the presence of Deputy Head of Mission, Naser Jamal along with senior officials from BLS International.

As per the contract, BLS international will open Application Centers in UAE, Kuwait, Oman, Bahrain and Qatar for the Embassy of Afghanistan. This contract has been signed to provide services to Afghan citizens who are living in Gulf Zone Countries.

On this occasion, Shikhar Aggarwal, Joint MD, BLS International Services Limited said, “Our endeavour has always been to facilitate state-of the-art services to our clients by creating value for our stakeholders around the globe. We have reinvented the wheel of citizen services by making it a holistic solution with dedicated and professional teams that bring highest level of customer satisfaction. We are glad to partner with Afghanistan Embassy in UAE to provide a framework to enable registration and identification Management for Afghan citizens in Gulf countries.”

While signing the contract, Afghanistan Ambassador in UAE, H.E Abdul Farid Zikria, said, “We have partnered with BLS International looking at their outreach across the world and strong foothold in Gulf region and we hope this association to be fruitful. We intend to provide quality services with efficient processes to our citizens in Gulf countries in which BLS has expertise.”

With this contract, the registered citizens can exercise rights such as the one to property, privacy, freedom of movement and obtaining passport, person’s eligibility to vote and free choice of place of residence, as well as access to social services like education, health care and retirement pension.

Shares of the company have soared by over 21 per cent since its listing on NSE last week and the company is looking to list on the BSE as well in future.

After getting listed on NSE on June 14, the stock opened at Rs 895 the next day and touched an intra-day high of Rs 939 apiece before closing at Rs 875 -- a rise of 22 per cent. 

The stock closed at Rs 872 in the last trading session on Friday, maintaining a gain of 21.3 per cent from its pre-listing price. 

On the company's future plans, Aggarwal told PTI in an interview, "Next year, we are planning to achieve 30-40 per cent growth and around 30 per cent at the profit level." 

BLS has operations in more than 22 countries and is providing services through 101 offices worldwide. It handles close to 3 million applications annually.