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Zubin Karkaria: Meet The Man Making Billions From Your Visa Applications - Travel - Nairaland 6f1247

Zubin Karkaria: Meet The Man Making Billions From Your Visa Applications (44020 Views)

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AmazingGenius: 2:23am On Apr 05
The company operates 3,558 centres across 158 countries, processing approximately 100,000 visa applications daily.

If you've ever applied for a visa, chances are you've interacted with VFS Global, the world's largest visa and port services provider.


At the helm of this colossal enterprise is Zubin Karkaria, a visionary entrepreneur who transformed the cumbersome visa application process into a streamlined global operation.​ In the 1990s, while working with the Swiss travel company Kuoni in India, Karkaria observed significant inefficiencies in the visa application process.

Applicants endured long waits at embassies, often travelling across cities and queuing overnight to submit their documents. Embassy staff were equally overwhelmed with istrative tasks, leading to delays and frustration on both sides. ​

This birthed VFS Global. Mr Karkaria was determined to find a way to make the process more efficient and systematic. So he approached the US embassy in Mumbai and for 18 months tried to convince them to outsource the istrative part of the work to his company. He went to the head of the visa section at that time and said:

"Let's work out a process where you still remain in control of the decision-making. But the way we do it is we scan everything and do all the istrative parts of your work... your visa officer gets the documents one day before, we do appointment scheduling that means you know who's coming at what time … so you spend 90 per cent of your time in decision making."

The proposal worked, and VFS began operations in 2001, still a part of Kuoni, to embassies with their istrative tasks including collecting documents, scheduling appointments and managing the logistics of delivering ports.

The company did not charge the embassy for its services but created a business model of receiving a service fee from individuals to make the entire process more efficient. The process was far from easy due to the complexities involved in of security, privacy and government approvals But having the US embassy as a client helped VFS bring other governments on board.

To build trust, Karkaria implemented robust security measures and demonstrated VFS Global's capability to manage complex processes across diverse cultures. He made significant investments in technology to ensure that the visa application process became more accessible and secure for applicants worldwide. ​

He explained that after the person at the counter collects the documents from the applicant, there’s a huge process that takes place at the back end. He said:

"We have to make sure that every port goes with the right documentation. Every that has happened has to be 99.9 per cent accurate because there cannot be a mistake – even if your port number, there’s a slight mistake, when you're entering a country, you might be asked to go back. So, we can't take a single risk."

From a single center in Mumbai, VFS Global experienced exponential growth over the next two decades. As of 2024, the company operates 3,558 centres across 158 countries, processing approximately 100,000 visa applications daily. To date, VFS Global has handled over 303 million applications and partners with 69 governments globally. ​

VFS Global's success attracted significant investment interest. In October 2021, Blackstone Inc., a leading global investment firm, acquired a majority stake in the company. By 2024, VFS Global was valued at approximately $7 billion, underscoring its dominant position in the visa services industry. ​

Despite its impressive growth, Karkaria sees substantial potential for further expansion, noting that 65% of visa processing is still not outsourced. To capitalize on emerging technologies, VFS Global plans to establish Artificial Intelligence hubs in the UAE, Mumbai, Berlin, and Silicon Valley, aiming to enhance and innovate the visa application experience. ​

Mr Karkaria is confident that the market potential is massive. He says at this point, outsourcing visa services is “no longer an option” for governments.“

Source: https://www.pulse.ng/articles/lifestyle/zubin-karkaria-the-man-making-billions-from-visa-applications-2025040411072920061

25 Likes 3 Shares

k777(m): 3:45am On Apr 05
Brilliant initiative and now milking from everyone's pocket.

93 Likes 3 Shares

sariwlau: 4:12am On Apr 05
And we will be underating Indians

83 Likes 3 Shares

cenaman(m): 4:26am On Apr 05
Really?
now: 4:42am On Apr 05
Kudos
Baronthecelebri: 5:00am On Apr 05
This is good
rikansie: 5:20am On Apr 05
Indians with business sense

21 Likes 2 Shares

Kingray10: 6:27am On Apr 05
Look for a problem, creat a solution for it.
That's just the simplest means of creating wealth.
.

109 Likes 4 Shares

Quelme: 6:33am On Apr 05
Indians the masters of Japa

24 Likes 1 Share

VeeVeeMyLuv(m): 6:38am On Apr 05
Kingray10:
Look for a problem, creat a solution for it.
That's just the simplest means of creating wealth.
.
In a conducive environ that encourages wealth creation.

Not a tribalistic, feudal, religious intolerant, disunited, insecure environment were citizens are taxed to death with multiple taxation.

76 Likes 2 Shares

jordyspices: 6:40am On Apr 05
Impressive
oz4real83(m): 6:45am On Apr 05
sariwlau:
And we will be underating Indians
use the statement "I will be underrating indians' not 'We". Most people know how brilliant Indians are in science, technology, finance \business and other sectors, religion is their major limitation.

19 Likes

RGRNetwork: 7:36am On Apr 05
Indians are the Nnewi of Asia. They have Anambra mindset.

15 Likes 1 Share

mytime24(f): 7:45am On Apr 05
What abt TLS ?

2 Likes

oz4real83(m): 10:20am On Apr 05
RGRNetwork:
Indians are the Nnewi of Asia. They have Anambra mindset.
Indians are not copycats, they are mostly original inventors and one of the oldest tribes in the world.

17 Likes

Starboytwo(m): 11:56am On Apr 05
Kingray10:
Look for a problem, creat a solution for it.
That's just the simplest means of creating wealth.
.
No be for Naija here.

Problem plenty for ground. You dont even need to look for them. But no light. How you wan solve problem inside darkness??

18 Likes 2 Shares

Kingray10: 12:54pm On Apr 05
Starboytwo:
No be for Naija here.

Problem plenty for ground. You dont even need to look for them. But no light. How you wan solve problem inside darkness??
Lol, that's the first step for a nation that wants development

9 Likes 2 Shares

gift2xl: 2:32pm On Apr 08
This has appeared in front page before, why repeating it mod.
SmartPolician: 2:32pm On Apr 08
USA should stop telling everyone to attend an interview before issuing them a visa. Applications sent through visa agencies like VFS Global to review applicants' eligibility. Everyone attending that interview is at the mercy of the visa officer.

3 Likes

Mindlog: 2:33pm On Apr 08
Steady cash outs.

1 Like

floss(m): 2:34pm On Apr 08
Ok
Technology14: 2:35pm On Apr 08
Nice . Check my profile for your t.v console, inverters , solar generators and precise resistivity meters .
Kingpele(m): 2:37pm On Apr 08
Wow
Cmanforall: 2:37pm On Apr 08
Ok
There are many opportunities in Nigeria for one to make it globally from the Country. Simple things such as electricity and easier ways of receiving international payments can go a long way
Chibuzoripob: 2:37pm On Apr 08
sad
Cmanforall: 2:38pm On Apr 08
AmazingGenius:


Source: https://www.pulse.ng/articles/lifestyle/zubin-karkaria-the-man-making-billions-from-visa-applications-2025040411072920061
Good one!
You need to be trustworthy, and connected to Diplomats and politicians for the initial phases of this type of business.

These are the kind if solutions needed from those who have connections with politicians in Nigeria
id4sho(m): 2:39pm On Apr 08
k777:
Brilliant initiative and now milking from everyone's pocket.
It's simple, identify a problem and solve it 👌💯.

For instance, Hunger in Nigeria 🤐, provide a solution 🤷
NothingDoMe: 2:40pm On Apr 08
Lol
Cmanforall: 2:41pm On Apr 08
id4sho:

It's simple, identify a problem and solve it 👌💯.

For instance, Hunger in Nigeria 🤐, provide a solution 🤷
Vote in credible candidates grin
emmabest2000(m): 2:41pm On Apr 08

1 Like 1 Share

Gpea: 2:41pm On Apr 08
sariwlau:
And we will be underating Indians
Anyone who underate indians is simply an idiot

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