Tag Archives: VFS Global Group

VFS Global to take over full ownership of VFS TasHeel

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VFS Global has agreed to take over 100 per cent ownership of its joint venture with the TasHeel Group – VFS TasHeel and Vasco, as per a binding agreement signed between both parties. As the outsourced visa services partner of the Ministry of Foreign Affairs, Kingdom of Saudi Arabia, VFS TasHeel manages Saudi Arabia visa application services across 30 countries since 2013. VFS TasHeel is currently a joint venture between the TasHeel Group and VFS Global. The transaction will enable VFS TasHeel and Vasco to benefit from operational efficiencies and synergies with VFS Global in terms of further development of services and solutions, and improve the overall service it provides to the Ministry of Foreign Affairs (MoFA) and Saudi Arabia visa applicants around the world. Subject to customary approval from the competition and regulatory authorities, the transaction is expected to complete later in 2018. There will be no change in the management core team or processes of VFS Tasheel and Vasco. The company will continue to fulfill all its obligations in accordance with its MoFA service contract. Zubin Karkaria, CEO, VFS Global Group said, “We are pleased to take over complete ownership of VFS TasHeel and Vasco. It will enable us to accelerate the further development of the business and improve overall performance through greater synergies.”  

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VFS Global acquires Middle Eastern FMC partner, Al Etimad

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VFS Global has agreed to take over 100 per cent of the Middle Eastern Facility Management Company (FMC) Al Etimad from TasHeel Group as per a binding agreement signed between both parties. Al Etimad operates as a FMC partner for VFS Global in the Kingdom of Saudi Arabia, Egypt, Bahrain, Libya and Tunisia. The Al Etimad visa operations in Pakistan are not included in the acquisition. To benefit from operational efficiencies and synergies with VFS Global, Al Etimad will be integrated in VFS Global’s operations after completion of the transaction. This will enable further development of services and solutions, and improve the overall service to the missions served and the visa applicants in the five countries. Zubin Karkaria, CEO, VFS Global Group, “We are very pleased to take over complete ownership of Al Etimad and Vega. It will enable us to accelerate further development of the business and improve overall performance through greater integration. I would like to thank the TasHeel Group for partnering us in successfully managing the visa services operations in these five countries.”

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VFS Global acquires visa service provider TT Services

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VFS Global has completed the acquisition of visa service provider TT Services (TTS). The transaction enables VFS Global to leverage on core competences and brands and to further enhance operating performance. TT Services is a provider of integrated visa processing solutions with global presence and a comprehensive portfolio of services. TT Services is headquartered in the United Kingdom and has a strong and long-lasting relationship with its client governments and with a commercial partner. The company operates 51 application centres in more than 35 countries and has 216 employees. TTS offers a full range of high quality visa services for its client governments, partners and applicants. Zubin Karkaria, CEO, VFS Global Group, commented: “TT Services has, like VFS Global, extended industry experience of more than 15 years and is a trusted service delivery partner for its clients. I see a strong fit by TTS joining VFS Global. This will enable us to further enhance and extend our services towards our client governments and visa applicants.” The change of control will have no bearing on the business operations of the parties and act as a catalyst to improved services and enhanced client and customer satisfaction.

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