BLS E-Services, a wholly-owned subsidiary of BLS International Services which has over 1,500 active customer service centres, has acquired Delhi-based banking business correspondent Starfin which has network across 11 states through which it caters to banking services to millions of customers
India for an undisclosed sum.
“This acquisition will not only provide major growth opportunities to BLS and will strengthen our presence in B2C services in India,” BLS International JMD Shikhar Aggarwal said
Following the acquisition, Starfin India founder Jitender Singh will continue with BLS till March 2019. Later, he will move to his e-commerce venture, MiniDukan.
BLS E-services, with the vision of contributing to rural development through digitalisation, will set up its own network of franchisees to provide B2C services across the country.