Introduction
BLS International, a global leader in visa processing and consular services, has signed a share purchase agreement to acquire a 51% stake in SLW Media, a prominent sports management company. This deal, valued at ₹8.024 million, signifies BLS’s commitment to expanding its footprint in the burgeoning sports sector, particularly in the golf industry, where SLW Media boasts over two decades of experience. As the only listed company in its sector operating across 66 countries, BLS International aims to leverage this acquisition to enhance its service offerings and global reach.
Strategic Acquisition in Sports Management
This acquisition aligns perfectly with BLS International’s extensive global presence. With operations spanning more than 66 countries, integrating golf events into BLS’s visa and travel services will create new synergies and opportunities for the company. This strategic move is not just about expanding services; it’s also about tapping into the rapidly growing sports and entertainment sector, allowing for diversification and global outreach.
Enhancing Brand Equity
The collaboration with SLW Media will significantly bolster BLS International’s brand equity on a global scale. By combining their expertise in golf event management with existing competencies in visa, travel, and hospitality services, BLS aims to offer a one-stop solution for high-net-worth individuals (HNI), corporate clients, and government officials seeking luxury experiences.
Why This Deal is Unique?
Shikhar Agarwal, the Joint Managing Director of BLS International, expressed enthusiasm about the partnership, stating, “BLS International has been efficiently managing numerous clients, and SLW Media possesses deep knowledge regarding major global sports events. By uniting our strengths, we aim to fortify our company’s identity, enhance our global notoriety, and establish a stronger foothold in world markets.” This collaboration is a strategic effort towards continuous innovation and excellence, setting new benchmarks in international markets.
Joint Vision for the Future
Unil Dev, the promoter of SLW Media, echoed similar sentiments, stating, “We are thrilled to collaborate with BLS International; our visions align perfectly. Our expertise in the golf and sports management sectors combined with BLS’s global reach will lead to the creation of a powerful entity in sports and leisure. Through this partnership, we are looking to expand our services, penetrate new markets, and offer enhanced experiences to sports enthusiasts.”
BLS International’s Global Aspirations
BLS International continues to expand its service portfolio, and this acquisition marks a significant step toward becoming a global leader in both government services and luxury experiences. The partnership not only aims for business growth but also envisions delivering unparalleled service to the clientele.
Understanding BLS International’s Services
Established in 2005, BLS International Services Limited is a trusted technology-based services partner for governments and citizens alike. It specializes in visa, passport, consular, e-governance, verification, biometric, e-visa, and retail services. The company has set industry standards and earned a stellar reputation within this domain.
Recognitions and Achievements
BLS International has been recognized by Business Today magazine as one of “India’s Most Valuable Companies.” Additionally, Forbes Asia included it in the list of “Best Under a Billion” companies, while Fortune India listed it among the “Next 500 Companies.” The company collaborates with over 46 government clients, including diplomatic missions, embassies, and consulates. Utilizing robust technology and processes ensures data security, while its vast network exceeds 50,000 centers worldwide, boasts over 60,000 employees and partners, and has processed more than 232 million applications globally. BLS is certified by various quality management systems such as CMMI DEV ML5 V2.0 and SVC ML5 V2.0, ISO 9001:2015, ISO 27001:2013 for information security, and ISO 14001:2015 for environmental management.
