Blackstone will remain the majority shareholder in VFS after the transaction, the people said. Considerations are ongoing and no final decisions have been made, they added
Visa at Your Doorstep enables applicants to complete their visa application process from their homes or offices
Doing so increases chances of timely decision on an application, says Yummi Talwar
India has a vibrant and diverse economy, a large young population and a rich cultural heritage which make it attractive for investors and visitors, according to the CEO of the world's largest visa outsourcing company. Zubin Karkaria, founder and CEO of VFS Global, said India is undergoing a rapid economic and social transformation. "This creates new opportunities for business, trade, tourism, and culture. I truly believe this is India's decade," he said. "In VFS global, we are very optimistic about the prospects of India as a global destination, as a source, both for inbound tourism and outbound travellers. India has a vibrant and diverse economy, a large young population, and a rich cultural heritage. These factors make India attractive, both for investors and visitors, he told PTI in a recent interview. Known for creating a new industry of visa and passport outsourcing, VFS Global in just 22 years of its inception operates in 149 countries through 3,353 application centers. So fa
VFS Global on Thursday said it has entered into a strategic partnership with Radisson Hotel Group in India to operate UK Premium Application Centres from the hotel chain's properties. The UK visa customers can now book appointments at any of the premium application centres located at Radisson Blu Hotel Amritsar, Radisson RED Chandigarh Mohali, Park Plaza Ludhiana, and Radisson Noida for submitting their applications and enrolling biometrics this summer season, the company said in a statement. This partnership will provide customers residing in and around Punjab and Noida with four new location options, in addition to the visa application centres located in Chandigarh, Jalandhar, and New Delhi. "The partnership with Radisson Hotel Group provides additional and conveniently located touchpoints to our customers. "UK visa customers will continue to enjoy the same comfort, convenience, and best-in-class services at these locations that they do at our Visa Application Centres, as well as
The case of hundreds of Indian students in Canada facing deportation has once again brought into the spotlight the role of shady visa agents and operators issuing fake visa papers
The Small Industries Development Bank of India (SIDBI) has entered into a partnership with VFS Capital to extend loans to the MSME sector, the Kolkata-based microfinance institution said. VFS Capital will extend MSME loans upto Rs 5 lakh at 13 per cent interest rate per annum, a top company official said. "We have tied up with SIDBI to provide loans to the SME and MSME sectors. VFS Capital expects to disburse Rs 30-40 crore under the scheme this fiscal, MD and CEO Kuldip Maity said. The loan book of the MFI during 2022-23 is expected to be around Rs 1,100-1,200 crore from Rs 805 crore in the last financial year, he said. Maity said the company is planning to expand its footprint in the north-western part by launching operations in Rajasthan by the end of January. At present, it operates in 13 states including West Bengal, Assam and Tripura. VFS Capital also plans to add 35 branches within this fiscal, taking the number to 270 across the country. We aim to raise Rs 100 crore in .
Company founded in India in 2001; now among its top 3 markets
VFS Global, which is being acquired by Blackstone, was founded in Mumbai in 2001
All customers will be required to undergo body temperature checks at the entrance of the centre
India is not just the biggest volume market for VFS, it is also a large base for the company. Of the 9,000 plus employees that it has in 137 countries, about 2,500 happen to be in India