BLS International Targets ₹6,500 Crore Revenue In 4-5 Years | Shikhar Aggarwal | Business News
ET Now · 07 Nov 2026 · 6 min
Management interview of BLS International Services Ltd (BLS), with 7 key numbers discussed.
- Shikhar Aggarwal, Joint MD, BLS International
BLS International is targeting revenue of Rs 6,000-6,500 cr in the next 4 to 5 years, maintaining an EBITDA growth trajectory of 20% to 25%. In Q2FY27, net revenue per application in the visa business grew around 10% QoQ to Rs 3,500, though visa volumes saw a slight decline to 10.9 lakh due to geopolitical tensions. For the Aadhaar project, the company has deployed Rs 100-150 cr capex, with full rollout and complete revenue expected by Q4. Management is actively discussing the deployment of its Rs 1,665 cr cash reserves towards synergistic acquisitions, dividends, or buybacks.