Quess Corp Announces Leadership for Demerged Entities Digitide Solutions Ltd & Bluspring Enterprises Ltd
The company has achieved a 1-year return of 25 per cent and a 5-year return of 220 per cent.
Quess Corp Limited has announced the leadership teams for its newly demerged entities, Digitide Solutions Ltd. and Bluspring Enterprises Ltd. The demerger aims to enhance strategic focus and operational efficiency. Gurmeet Chahal will lead Digitide Solutions as CEO, bringing over 25 years of experience in AI and digital transformation. Suraj Prasad, with a robust background in finance, will serve as CFO.
Bluspring Enterprises will be led by Kamal Pal Hoda as CEO, who has extensive expertise in business finance, and Prapul Sridhar as CFO, known for his leadership in corporate finance. Guruprasad Srinivasan will continue as CEO of Quess Corp, with Sushanth Pai stepping in as CFO. Ajit Isaac, Founder & Executive Chairman, stated, “This marks a pivotal milestone in Quess Corp’s evolution. The establishment of Bluspring and Digitide as independent entities enables sharper strategic focus, optimized capital allocation, and accelerated innovation.” The demerger is set to be completed by Q1 FY26, with shares in the new entities distributed to existing Quess shareholders.
Quess Corp Limited, established in 2007 in Bengaluru, is a leading business services provider in India, leveraging digital platforms to enhance client productivity through outsourced solutions. The company operates across four major business segments: Workforce Management, Operating Asset Management, Global Technology Solutions, and Product-Led Business. Workforce Management, the largest segment, accounts for 72 per cent of revenue in H1 FY25, offering staffing and recruitment services globally. Operating Asset Management contributes 15 per cent of revenue, providing managed services across various industries.
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Global Technology Solutions, accounting for 12 per cent of revenue, offers customer lifecycle management and IT services. The Product-Led Business, though smaller, focuses on digital platforms like the Foundit job portal. Quess Corp has a significant presence in India and internationally, serving over 3,000 clients. Recent strategic moves include the acquisition of food catering and facility management services and a planned demerger into three separate entities to enhance focus and growth.
As of April 01, 2025, Quess Corp's stock is priced at Rs 707.50 per share. The 52-week high is Rs 875 and the 52-week low is Rs 520. Quess Corp Limited has a market capitalization of over Rs 10,000 crore. The company has achieved a 1-year return of 25 per cent and a 5-year return of 220 per cent. The Price-Earnings (PE) Ratio stands at 24.99. Major public shareholder Ashish Dhawan holds a 3.94 per cent stake in the company.
Disclaimer: The article is for informational purposes only and not investment advice.