Quess Corp Ltd.
Quess Corp Ltd.
₹582.75 -0.55%

India’s largest and a global leader in staffing and workforce solutions is demerging its operations into three independent listed entities. The initiative aims to enhance strategic clarity, operational focus, and long-term value creation across its diverse business verticals.

Post-demerger, Quess Corp will continue to operate India’s largest workforce management business, with a headcount exceeding five lakh and operations in nine countries.

Digitide Solutions Limited, the first resulting entity, will offer a comprehensive suite of services, including Business Process Management (BPM), Insurtech, and Human Resource Outsourcing (HRO) across 30 countries, by leveraging AI-driven technology. 

Bluspring Enterprises Limited, the second resulting entity, will operate as an infrastructure services company with a presence in facility management, food and security services, and industrial and telecom infrastructure maintenance. 

This strategic separation is designed to allow each business to pursue its independent growth agenda while improving governance, operational agility, and investor visibility.

The company has fixed Tuesday, April 15, 2025, as the record date for the purpose of determining shareholder eligibility for the allotment of equity shares in the resulting companies. 

As per the approved structure, eligible shareholders will receive 1 equity share of Digitide Solutions Limited and 1 equity share of Bluspring Enterprises Limited for every equity share held in Quess Corp, each with a face value of ₹10.

Quess Corp has posted a 7-year revenue CAGR of 24% and EBITDA CAGR of 17%, with strategic divestments and ₹548 crore in dividends since FY21. Its headcount stands at ~6.17 lakh, and its debt has dropped to ₹224 crore from over ₹1,100 crore. In 9M FY25, EBITDA rose 13% and PAT 59% YoY. 

Let’s take a look at its Factor Analysis scores:

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.