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VFS Global
VFS Global is a visa and passport administration outsourcing company for governments and diplomatic missions. Zubin Karkaria founded the company in 2001 while he was chief executive at Kuoni Travel. Formerly based in India, the company is now headquartered in Dubai with offices in 147 countries. In 2024, the company processed over 100,000 applications daily with over 100 million applications processed in the preceding five year period. Over the past two decades, VFS Global has expanded its global presence and broadened its range of services for governments and diplomatic missions including seven global contracts from the governments of Austria, Australia, Iceland, Latvia, Norway, Sweden and the United Kingdom. VFS Global has faced criticism for alleged exploitative practices, lack of transparency, and data security failures. In May 2025, VFS Global launched the world’s largest visa-application centre at Wafi City in Dubai, a 150,000-square-foot facility designed to process up ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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