3 Visa and Citizen Services Provider, Cloud Hosting Company and Software Services Firm Stocks With a Strong Future Roadmap: BLS International Services, ESDS Software Solution and Mindteck (India)
- October 29, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
BLS International Services, ESDS Software Solution and Mindteck (India): ROE of 10.4% to 27.9% and FY22 to FY26 revenue CAGR of 8.3% to 37.5%. Prices as of 28 Oct 2026.
Quick Answer
The three visa services, cloud hosting and IT services to watch are BLS International Services, ESDS Software Solution and Mindteck (India). Their return on equity ranges from 10.4% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.3% to 37.5%. BLS International Services leads on both return on equity at 27.9% and revenue growth at 37.5% a year. Prices are based on the 28 October 2026 close, and this article is educational, not investment advice.
Visa services, cloud hosting and IT services let investors follow companies that serve a growing part of the Indian economy. BLS International Services, ESDS Software Solution and Mindteck (India) cover a visa and citizen services provider, a cloud hosting company and a software services firm.
This list covers three visa services, cloud hosting and IT services with complete current figures: BLS International Services, ESDS Software Solution and Mindteck (India). Every figure comes from the latest reported financials and the 28 October 2026 market close. Companies without complete current figures were left out.
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What Are Visa Services, Cloud Hosting and IT Services?
Visa services, cloud hosting and IT services are listed companies that run visa, passport and consular support for governments, provide cloud, data centre and managed hosting services and deliver software development, data and cloud work for clients in healthcare and finance. Their earnings depend on mandates, contracts and client spending.
Visa Services, Cloud Hosting and IT Services at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| BLS International Services | 217.56 | 8,908 | 12.0 | 17.6 | 27.9 | 0.17 |
| ESDS Software Solution | 1,271.7 | 15,027 | 124.3 | 17.6 | 22.1 | 0.18 |
| Mindteck (India) | 133.5 | 436 | 14.0 | 17.6 | 10.4 | 0.01 |
On valuation, BLS International Services and Mindteck (India) trade at a P/E below the industry P/E, while ESDS Software Solution trades above it, which reflects the growth the market already expects. Readers comparing visa services, cloud hosting and IT services should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in visa services, cloud hosting and IT services can use the coming numbers to test whether growth is holding.
Why Do Visa Services, Cloud Hosting and IT Services Have a Strong Roadmap in India?
Visa services, cloud hosting and IT services have a strong roadmap in India because rising international travel, growing adoption of domestic cloud platforms and steady outsourcing of software work keep widening the market for these services and technology companies.
- Travel demand. More travellers need visa processing support.
- Cloud adoption. Organisations move systems to secure hosting.
- Software projects. Clients outsource engineering and data work.
Why BLS International Services Features Among These Visa Services, Cloud Hosting and IT Services
Among the visa services, cloud hosting and IT services on this list, BLS International Services provides visa, passport and consular outsourcing services for governments and also runs digital, e-governance and banking correspondent services.
Revenue rose from Rs 865 crore in FY22 to Rs 3,093 crore in FY26, a compound annual growth rate of 37.5%. Net profit grew from Rs 111 crore in FY22 to Rs 724 crore in FY26, which works out to a compound annual growth rate of 59.7%.
In the June 2026 quarter, revenue grew 24.1% year on year to Rs 913 crore, while net profit rose 11.4% to Rs 202 crore. The company has a return on equity of 27.9%, a debt to equity ratio of 0.17 and a market capitalisation of Rs 8,908 crore. The stock trades at a P/E of 12.0, below the industry P/E of 17.6.
Roadmap: The company is adding government mandates in many countries and widening its digital and citizen services. Rising international travel supports demand for visa and consular support.
What to watch: Follow new government mandates, travel demand and progress in digital services.
Why ESDS Software Solution Features Among These Visa Services, Cloud Hosting and IT Services
Among the consular outsourcing, data centre and software shares on this list, ESDS Software Solution is a Nashik-based provider of cloud computing, data centre, managed hosting and cybersecurity services for enterprises and government clients.
In the June 2026 quarter, revenue grew 7.5% year on year to Rs 135 crore, while net profit rose 14.0% to Rs 29.3 crore. Revenue rose from Rs 199 crore in FY22 to Rs 481 crore in FY26, a compound annual growth rate of 24.7%.
Net profit grew from Rs 55.6 crore in FY25 to Rs 121 crore in FY26, a rise of 117.3%. The company has a return on equity of 22.1%, a debt to equity ratio of 0.18 and a market capitalisation of Rs 15,027 crore. The stock trades at a P/E of 124.3, above the industry P/E of 17.6.
Roadmap: The company is growing its cloud and managed services business as organisations move systems to secure domestic cloud platforms. Government and enterprise clients provide recurring contracts.
What to watch: Track cloud revenue growth, data centre capacity and new client wins.
Why Mindteck (India) Features Among These Visa Services, Cloud Hosting and IT Services
Among the three companies on this list, Mindteck (India) provides IT services including software development, data and analytics and cloud support to clients across healthcare, financial services and other industries.
The company has a return on equity of 10.4%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 436 crore. The stock trades at a P/E of 14.0, below the industry P/E of 17.6.
Revenue rose from Rs 304 crore in FY22 to Rs 417 crore in FY26, a compound annual growth rate of 8.3%. Net profit grew from Rs 20.8 crore in FY23 to Rs 31.5 crore in FY26, which works out to a compound annual growth rate of 14.9%. In the June 2026 quarter, revenue grew 2.8% year on year to Rs 107 crore.
Roadmap: The company is focusing on digital engineering, data and cloud services for existing clients and widening its work in specialised industries. Long client relationships support steady project flow.
What to watch: Monitor client additions, utilisation and currency movements.
BLS International Services vs ESDS Software Solution vs Mindteck (India) on Key Financials
The table below sets the three visa services, cloud hosting and IT services side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| BLS International Services | 865 | 3,093 | 37.5% | 724 | 23.4% |
| ESDS Software Solution | 199 | 481 | 24.7% | 121 | 25.1% |
| Mindteck (India) | 304 | 417 | 8.3% | 31.5 | 7.6% |
BLS International Services posts the highest return on equity in this group at 27.9%. BLS International Services combines the largest FY26 revenue at Rs 3,093 crore with the fastest revenue growth, a 37.5% compound annual rate. A useful habit with visa services, cloud hosting and IT services is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| BLS International Services | 736 | 913 | 24.1% |
| ESDS Software Solution | 126 | 135 | 7.5% |
| Mindteck (India) | 104 | 107 | 2.8% |
Key Risks to Check Before Investing in Visa Services, Cloud Hosting and IT Services
Every theme carries risks that deserve a check before any decision. For these visa services, cloud hosting and IT services, the main points are: Long-term consular outsourcing, data centre and software shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Deal timing. Large contracts can shift between periods.
- Client budgets. Spending can vary with global conditions.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter visa services, cloud hosting and IT services by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Visa Services, Cloud Hosting and IT Services
Visa services, cloud hosting and IT services reward investors who follow demand trends, order books and margins together. BLS International Services, ESDS Software Solution and Mindteck (India) each have a clear plan to expand. Based on the 28 October 2026 close, BLS International Services trades at Rs 217.56, ESDS Software Solution at Rs 1,271.7 and Mindteck (India) at Rs 133.5. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these visa services, cloud hosting and IT services to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are visa services, cloud hosting and IT services?
Ans. Visa services, cloud hosting and IT services are listed companies that run visa, passport and consular support for governments, provide cloud, data centre and managed hosting services and deliver software development, data and cloud work for clients in healthcare and finance. Their earnings depend on mandates, contracts and client spending. This list looks at three of them, BLS International Services, ESDS Software Solution and Mindteck (India), using reported FY22 to FY26 financials and the 28 October 2026 closing prices.
Which visa services, cloud hosting and IT services are covered in this list?
Ans. This list covers BLS International Services, ESDS Software Solution and Mindteck (India). Based on the 28 October 2026 close, BLS International Services traded at Rs 217.56, ESDS Software Solution at Rs 1,271.7 and Mindteck (India) at Rs 133.5. Their return on equity ranges from 10.4% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.3% to 37.5%.
Why do visa services, cloud hosting and IT services have a strong future roadmap in India?
Ans. Visa services, cloud hosting and IT services have a strong roadmap in India because rising international travel, growing adoption of domestic cloud platforms and steady outsourcing of software work keep widening the market for these services and technology companies. The main drivers are as follows. Travel demand. More travellers need visa processing support. Cloud adoption. Organisations move systems to secure hosting. Software projects. Clients outsource engineering and data work. Together these factors give the companies on this list a visible path for growth over the coming years.
How has BLS International Services performed financially?
Ans. Revenue rose from Rs 865 crore in FY22 to Rs 3,093 crore in FY26, a compound annual growth rate of 37.5%. Net profit grew from Rs 111 crore in FY22 to Rs 724 crore in FY26, which works out to a compound annual growth rate of 59.7%. In the June 2026 quarter, revenue grew 24.1% year on year to Rs 913 crore, while net profit rose 11.4% to Rs 202 crore. The company has a return on equity of 27.9%, a debt to equity ratio of 0.17 and a market capitalisation of Rs 8,908 crore. The stock trades at a P/E of 12.0, below the industry P/E of 17.6. Looking ahead, the company is adding government mandates in many countries and widening its digital and citizen services. Rising international travel supports demand for visa and consular support.
How has ESDS Software Solution performed financially?
Ans. Revenue rose from Rs 199 crore in FY22 to Rs 481 crore in FY26, a compound annual growth rate of 24.7%. Net profit grew from Rs 55.6 crore in FY25 to Rs 121 crore in FY26, a rise of 117.3%. In the June 2026 quarter, revenue grew 7.5% year on year to Rs 135 crore, while net profit rose 14.0% to Rs 29.3 crore. The company has a return on equity of 22.1%, a debt to equity ratio of 0.18 and a market capitalisation of Rs 15,027 crore. The stock trades at a P/E of 124.3, above the industry P/E of 17.6. Looking ahead, the company is growing its cloud and managed services business as organisations move systems to secure domestic cloud platforms. Government and enterprise clients provide recurring contracts.
How has Mindteck (India) performed financially?
Ans. Revenue rose from Rs 304 crore in FY22 to Rs 417 crore in FY26, a compound annual growth rate of 8.3%. Net profit grew from Rs 20.8 crore in FY23 to Rs 31.5 crore in FY26, which works out to a compound annual growth rate of 14.9%. In the June 2026 quarter, revenue grew 2.8% year on year to Rs 107 crore. The company has a return on equity of 10.4%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 436 crore. The stock trades at a P/E of 14.0, below the industry P/E of 17.6. Looking ahead, the company is focusing on digital engineering, data and cloud services for existing clients and widening its work in specialised industries. Long client relationships support steady project flow.
What risks should investors check before buying visa services, cloud hosting and IT services?
Ans. Investors should check a few risks before buying visa services, cloud hosting and IT services. Deal timing. Large contracts can shift between periods. Client budgets. Spending can vary with global conditions. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of visa services, cloud hosting and IT services investment advice?
Ans. No. This article is educational and uses publicly available data as of the 28 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
