About VFS Global
VFS Global is a company based in Dubai (United Arab Emirates) founded in 2001 by Zubin Karkaria was acquired by Blackstone in October 2021.. VFS Global has completed 3 acquisitions, including Cixbrasil, Etimad and TT Services.
- Headquarter Dubai, United Arab Emirates
- Founders Zubin Karkaria
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vfs Global Services Private Limited
- Date of Incorporation 10 Jan, 2006
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$88.7 M (USD)62.54as on Mar 31, 2023
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Net Profit
$12.53 M (USD)427.13as on Mar 31, 2023
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EBITDA
$28.08 M (USD)97.84as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Cixbrasil
& 2 more
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Acquired by
Blackstone
(Oct 07, 2021)
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Operations Team
49 people
Human Resources and Administration
12 people
Software Development Team
11 people
Finance and Accounting
11 people
Leadership Team
9 people
Operation Team
8 people
Deputy Team
4 people
Customer Team
4 people
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Funding Insights of VFS Global
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VFS Global
VFS Global has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blackstone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VFS Global
VFS Global has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Cixbrasil, Etimad and TT Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Visa processing and support services are provided in Saudi Arabia.
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2009 | ||||
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Provider of visa processing and document management solutions for consular clients. It offers services including visa processing, information management, document management, and biometrics. The company supports governments and diplomatic missions worldwide, handling various aspects of visa applications. Its services encompass both face-to-face support within visa application centers and digital solutions for information and document management. It also provides complete biometric solutions. The approach emphasizes client needs while maintaining high security and governance standards.
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2000 | ||||
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Multi-channel platform for citizen services is provided to governments.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - VFS Global
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vfs Global Comparisons
Competitors of VFS Global
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vfs Global
Frequently Asked Questions about VFS Global
When was VFS Global founded?
VFS Global was founded in 2001.
Where is VFS Global located?
VFS Global is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of VFS Global?
Zubin Karkaria is the current CEO of VFS Global. They have also founded this company.
What is the annual revenue of VFS Global?
Annual revenue of VFS Global is $88.7M as on Mar 31, 2023.
What does VFS Global do?
VFS Global was established in 2001 and is based in Dubai, United Arab Emirates. Operations focus on the immigration services sector, where assistance is extended for visa and passport processes across various countries. Key offerings include eVisas, permits, group bookings, form completion aid, lounges, courier delivery, translation, certification, printing, tracking, attestation, verification, and related government functions to support global mobility needs.
How many acquisitions has VFS Global made?
VFS Global has made 3 acquisitions, including Cixbrasil, Etimad, and TT Services.
Who are VFS Global's investors?
VFS Global has 1 investor. Key investors include Blackstone.