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Index/Finance/Money Majlis
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Ep 56. 25 Years, 500 Million Visas: Zubin Karkaria on building VFS Global

Money Majlis · 2026-05-08 · 1h 24m

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Episode notes

Send us Fan Mail Visa outsourcing is one of those invisible pipes of the global economy - critical to how we travel, work and study abroad, yet rarely understood as an industry in its own right. In this special episode of Money Majlis to celebrate the 25th anniversary of VFS Global, founder and CEO Zubin Karkaria takes us inside the company he conceptualised in 2001 and built into the world’s largest visa and citizen services platform, now handling over 100,000 applications a day and more than 500 million since inception. From a pilot with the US consulate in Mumbai to a multi-billion dollar company with dual headquarters in Zurich and Dubai, Zubin’s story is part “Made in India” scale‑up, part UAE hub success, and all about building trust in one of the most sensitive parts of government infrastructure. Suvo and Zubin explore the structural forces powering a fast‑growing market in outsourced visa services - rising leisure travel, a boom in students studying abroad, new mobility agreements, and the surprising resilience of in‑person business travel in an age of video calls.

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