Dudigital Global Secures Three-Year CPV Services Contract from Embassy of India, Kuwait
Dudigital Global Limited announced that it has been awarded the contract for outsourcing Consular, Passport, and Visa services by the Embassy of India, Kuwait. The contract, which was secured following a two-stage competitive bidding process, is valid for a period of three years, providing strong visibility on the company's recurring revenue stream and bolstering its presence in the Gulf Cooperation Council (GCC) region.The contract requires the company to deliver a comprehensive suite of consular services. These services include passport issuance, renewal and reissuance, visa processing and related services, OCI (Overseas Citizen of India) services, Police Clearance Certificates (PCC), Surrender Certificates (SC), Global Entry Programme (GEP) verification, and document attestation and apostille services. The company will support these services using end-to-end digital application management and applicant support.
Kuwait Market Potential
Kuwait is highlighted as one of the most significant and high-volume markets for Indian consular services globally. The region has a large expatriate community, with Indians comprising over one million people.The operational data for Kuwait shows the following significance:
| Metric | Percentage/Population |
|---|---|
| Indian Population | Over 1 million |
| Percentage of Total Population | Approximately 21% |
| Percentage of Workforce | Around 30% |
This substantial Indian community drives steady demand for visa applications, document attestations, and related consular requirements, resulting in a predictable annuity-like revenue stream for the company. The contract has an estimated revenue potential of approximately Rs 90 crore over the three-year period.
Management Commentary
Manoj Dharmani, Group CEO, commented on the win, stating that the award is a reflection of the team's operational excellence and the trust built with the Government of India. He noted that being declared the L1 most competitive bidder reinforces the company’s position as a preferred partner for Indian diplomatic missions globally.According to Dharmani, the three-year engagement offers strong revenue visibility and is expected to be a significant growth driver. He also stated that the company is actively participating in similar opportunities across geographies, providing a strong pipeline for future growth.
About DuDigital Global
DUDIGITAL GLOBAL LIMITED (NSE: DUGLOBAL) is a leader in digital transformation for global mobility. The company expands its footprint in consular and visa processing services worldwide, simplifying international travel with seamless visa and eVisa services. Beyond travel, the company offers Citizenship, Residency, and PR through investment programs and provides end-to-end business setup solutions in various regional zones. The company maintains a strong presence in several countries, including India, Thailand, South Korea, and Dubai.DUGLOBAL Stock Price Movement
Shares of DUDIGITAL GLOBAL LIMITED are rallying to ₹41.5 as of 2:23 PM, recording a robust 9.93% jump in live trading. The stock shows strong intraday interest, supported by a trading volume of 170,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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