BLS E-Services Ltd Share Price

History of BLS E-Services Ltd

BLS E-Services Limited was incorporated at New Delhi, as BLS E-Services Private Limited', a Private Company, pursuant to a Certificate of Incorporation dated April 12, 2016, issued by the Deputy Registrar of Companies, Central Registration Centre. Thereafter, the Company converted to a Public Limited, and the name of Company got changed to BLS E-Services Limited', through a fresh Certificate of Incorporation dated April 10, 2023, issued by the Registrar of Companies, NCT of Delhi and Haryana. BLS E-Services is using technology to revolutionize banking and public services. The Company established as a subsidiary of BLS International Services Ltd, has carved out a niche in providing comprehensive financial and e-governance services across India. As a digital service provider, Company is ...providing Business Correspondents services to major banks in India, Assisted E-services; and E-Governance Services at grass root levels in India. Through their robust network, the Company provide access points for delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural and banking services to governments (G2C) and businesses (B2B) alike apart from a host of B2C services to citizens in urban, semi-urban, rural and remote areas where penetration of internet is low and citizens need assistance in availing basic technology enabled services. As a part of operations, the Company act as Business Correspondents to provide banking products and services on behalf of major banks to people while performing services including opening savings, recurring deposit accounts, cash deposits, withdrawals, remittance, transfer, bill collection services. It provide assisted e-services through retailers and digital stores. It facilitate delivery of various e-governance initiatives of the State Governments in India by providing various Information Communication Technology (ICT) enabled citizen centric services through their merchants. E-governance services enable the provision of citizen-centric and front-end services through BLS Touchpoints ranging from birth and death certificates, PAN and Aadhar registrations, property registrations, and other citizen centric services. The merchants interface with the consumers and play a critical role in delivery of goods and services. Presently, merchants are organised in two categories i.e. BLS Touchpoints and BLS Stores. All merchants registered as BLS Touchpoints have access to offer multiple services. BLS Stores are BLS branded stores which offer entire suite of offerings to consumers including availability of select goods on a sample basis which can be ordered and procured by consumers. The Company acquired subsidiaries, Starfin India Pvt Ltd in August, 2018 and Zero Mass Pvt Ltd in June, 2022. Further, it acquired BLS Kendras Private Limited, which had 365 Sewa Kendras, in the State of Punjab in October, 2022. To conclude, the Company increases the scope of business for merchants, promote sustainable livelihoods and economic self-reliance for women, rural poor and unbanked by linking them to banking, financial and insurance services and promoting financial, social and digital inclusion. The Company came up with the initial public offer by issuing 2,30,30,000 equity shares of Rs 10 by raising funds aggregating to 309.29 Crore through fresh issue in February, 2024. The Company acquired 57% stake in Aadifidelis Solutions Private Limited (ASPL) in FY 2025.