Startup Profile

BLS E-Services

Legal entity: BLS E-Services Limited

Last mile digital banking and e-governance services across India

FinTechListedFintech (Payments)· New Delhi, Delhi· Est. 2016Website ↗
BLS E-Services is a New Delhi based technology enabled digital services company that provides business correspondent (last mile banking) services to major Indian banks, assisted e-services, and government to citizen (G2C) e-governance services at the grassroots level. It is a subsidiary of the listed group company BLS International Services. The company listed on the BSE and NSE in February 2024 a
Funding raised
₹310.91 Cr
Total disclosed
Latest valuation
₹2043.00 Cr
Most recent round
Latest revenue
₹1.00 Cr
FY FY26
Employees
—
FY FY26

Founders

  • Shikhar Aggarwal

    Chairman of BLS E-Services and Joint Managing Director of parent BLS International Services. Joined the family business in 2014 and spearheads the group's domestic digital services and e-governance operations.

  • Diwakar Aggarwal

    Co-founder and promoter of the BLS group. Associated with the BLS group of companies since 1991 and co-founded BLS International Services, the listed parent of BLS E-Services, in 2005.

Funding rounds

  1. IPO2024-02-06₹310.91 CrLed by Public market (BSE and NSE)

Financials

MCA / self-reported
Fiscal yearRevenueProfit / (Loss)Employees
FY26₹1.00 Cr——
FY25₹1.00 Cr——
FY24₹1.00 Cr——
FY23₹4.00 Cr——
FY22₹1.00 Cr——
FY21₹2.00 Cr——

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

  1. 2024-11-26Acquired controlling stake in Aadifidelis Solutions — Completed acquisition of a 57 percent controlling stake in loan distribution and processing firm Aadifidelis Solutions for about ₹123 crore (enterprise value around ₹190 crore), expanding into lending.
  2. 2024-02-06IPO and listing on BSE and NSE — Listed on 6 February 2024 after an IPO subscribed about 162 times, priced at ₹135, with the stock debuting around ₹305 to ₹309, a premium of roughly 126 to 129 percent.
  3. 2016-04-12Incorporated in New Delhi — BLS E-Services Private Limited incorporated as the domestic digital services arm of BLS International to address India's G2C and last mile banking opportunity.

Data sources

  • seed-list↗ · last fetched 2026-05-28
  • NSE filings↗ · last fetched 2026-05-28
  • Screener.in↗ · last fetched 2026-05-28
  • favicon↗ · last fetched 2026-05-31
  • Groww IPO page↗ · last fetched 2026-06-01
  • Chittorgarh IPO details↗ · last fetched 2026-06-01
  • Goodreturns company history↗ · last fetched 2026-06-01
  • Business Standard - Aadifidelis acquisition↗ · last fetched 2026-06-01
  • Business India - BLS International corporate report↗ · last fetched 2026-06-01
  • Zee Business - listing premium↗ · last fetched 2026-06-01
Updated 2026-06-01