VFS Global's India connection in focus as ownership changes hands

VFS Global, which is being acquired by Blackstone, was founded in Mumbai in 2001

Its headquarters is in Zurich and Dubai, it has 64 governments as clients and its operations spread across 140 countries. But VFS Global, a market leader in the visa processing business, has an Indian origin and that is in focus as the company is set for a change in ownership.

On Thursday, Blackstone acquired a majority stake in VFS Global from Swedish private equity firm EQT, pinning hopes of a rebound in global travel post the pandemic. The deal values VFS Global at $2 billion as per a media report.

VFS was conceptualised in 2001 by Zubin Karkaria, then a