India, June 19 -- A global services company best known for processing visa applications has been quietly building something bigger. Strong growth across both its core outsourcing business and a fast-scaling digital arm has filled its balance sheet with significant cash. Now, management is making clear that the next chapter of growth may not come from winning more government contracts but from buying the right businesses.

Digital Services Could Become the Primary Acquisition Focus The Digital Services segment of BLS International Services, which more than doubled in FY26 to Rs.1,158 crore from Rs.440 crore in FY25, is seen as one of the most fertile grounds for inorganic expansion. Growth was driven by banking correspondent services, loan...