August 10, 2018 TnH Global 1

BLS International Services Ltd. acquires Delhi based Starfin India Pvt. Ltd.

BLS E-Services Pvt. Ltd., a wholly owned subsidiary of BLS International Services Ltd. today announced the acquisition of Delhi based Starfin India Pvt. Ltd., a Banking Business Correspondent of India’s largest bank – State Bank of India.

The company has over 1500 active customer service centres and will aim to provide a ready customer base, wide geographical reach, trained and enthusiastic local entrepreneurs (franchisees) and a strong relationship with SBI.

Starfin India Pvt. Ltd, is an official Banking Business Correspondent of India’s largest bank – State Bank of India, and holds the national license for the Business Correspondent business. Starfin has a vast network of Customer Service Centers (CSCs) across 11 states in India, through which it provides banking services to millions of customers.

Shikhar Aggarwal, JMD, BLS International commented on the acquisition adding “We are pleased to announce the addition of Starfin India in our business portfolio. This acquisition will not only provide major growth opportunities to BLS and will strengthen our presence in B2C services in India. With Starfin, we aim to enable every consumer to seamlessly benefit through Financial and Social Inclusion, Digital India and different Government programmes to provide a wider access to basic services.”

With the vision of contributing to the rural development through digitalization, BLS E-services will set up its own network of franchisees to provide B2C (Business to Consumer) services across the country, mainly targeting small towns and villages. This business model will promote entrepreneurship, employment generation and skill development contributing to the development of rural India by making world class services easily accessible.