Aug 9: BLS E-Services Pvt Ltd, a wholly owned subsidiary of India’s leading administrative support services provider BLS International Services Ltd, on Thursday announced the acquisition of Delhi based Starfin India Pvt Ltd, an official Banking Business Correspondent of the country’s largest lender State Bank of India.
Starfin India holds the national license for the Business Correspondent business. Starfin has a wide network of Customer Service Centers (CSCs) across 11 states in India.
Commenting on the acquisition, Shikhar Aggarwal, JMD, BLS International, said, “this acquisition will not only provide major growth opportunities to BLS and will strengthen our presence in BZC 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 BZC (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, according to the company.