1. Kuwait CPV contract - ₹90 cr over three years - DU Digital was declared L1 bidder and awarded the three-year consular, passport and visa outsourcing contract for the Embassy of India, Kuwait, in April 2026. At roughly ₹30 cr per year, a single contract adds revenue equal to more than half of the company's current annual topline, with management flagging further volume upside and a pipeline of similar geographies.
2. MEA tender pipeline - five-country financial bid queue - The company cleared technical evaluation for CPV tenders in Singapore, London, Colombo, Abu Dhabi and Riyadh, with financial bid openings awaited as of March 2026. Winning even one or two of these would compound the Kuwait contract's step-change in revenue, and the company is now net-worth-qualified to compete with global peers across all government tenders.
3. South Korea and Thailand ICACs - operational and scaling - Three-year MEA contracts for Indian Consular Application Centres in Seoul, Bangkok and Chiang Mai were secured in May 2025 and the centres are now open and processing the full suite of passport, visa and OCI services. These contracts provide a base of recurring consular revenue and establish the operational footprint needed to pursue additional embassy mandates in the region.
4. UAE Golden Visa and company formation - Virtuworld revenue tripled - Virtuworld Tourism LLC, the wholly-owned UAE subsidiary, grew turnover from AED 9.2 lakh in FY24 to AED 30.4 lakh (\~₹7.1 cr) in FY25, driven by Golden Visa, five-year visa and company formation services. The company doubled down with an additional ₹5 cr equity infusion in January 2026, signalling capacity to capture more of the high-margin UAE residency and business-setup demand.
5. DuVerify AI platform - live government integrations with expansion roadmap - The AI/ML-powered identity and document verification platform is already integrated with government systems in Georgia and South Korea and recorded significant operational growth in both markets. Management plans to enhance country capabilities for verification to Egypt, Bangladesh, China, UAE, Malaysia, Serbia, Nepal, Sri Lanka, Singapore etc, which would turn a niche verification tool into a multi-geography recurring SaaS-style revenue stream.
6. Thailand visa mandate renewal and Mumbai VAC upgrade - The Thailand embassy mandate was renewed and a new 2,000 sq-ft Mumbai centre opened, capable of processing over 2,000 applications daily with premium services like doorstep biometrics and five-year multiple-entry visas. Higher throughput and premium-service attachment directly expand the per-application revenue from an already-running contract.