MEA’s Shocking 2-Year Ban on BLS International – Visa Outsourcer’s Future in Doubt
India’s Ministry of External Affairs on Oct 9, 2025, barred BLS International from bidding for new visa and passport outsourcing contracts for two years, citing complaints and court cases. The ban triggered an 18% plunge in BLS shares on Oct 13. Existing contracts remain unaffected. BLS says it is considering legal action and maintains operations are stable.