Draft:Quess Corp
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Submission declined on 2 March 2025 by Rahmatula786 (talk).
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| Company type | Public |
|---|---|
| ISIN | INE615P01015 |
| Industry | Business services, Outsourcing |
| Founded | September 19, 2007 |
| Founder | Ajit Isaac |
| Headquarters | , India |
Area served | India, Southeast Asia, North America, Middle East |
Key people |
|
| Services | Workforce management, Business process outsourcing, Facility management, Technology solutions |
| Revenue | ₹ 19,100 crore (2024) |
Number of employees | 557,000+ (2024) |
| Subsidiaries |
|
| Website | www |
Quess Corp Limited is an Indian multinational business services company headquartered in Bengaluru, Karnataka. Founded on 19 September 2007 by Ajit Isaac, it provides outsourcing services including workforce management, business process outsourcing (BPO), facility management, and technology solutions. Listed on the National Stock Exchange of India (NSE: QUESS) and Bombay Stock Exchange (BSE: 539978), Quess employs over 557,000 people across India, Southeast Asia, North America, and the Middle East as of 2024, making it one of India’s largest private-sector employers.[1]
History
[edit]Quess Corp was established in 2007 by Ajit Isaac in Bengaluru, initially focusing on staffing solutions.[2] The company went public in July 2016 with an initial public offering (IPO) that was oversubscribed 147 times, raising ₹400 crore,[3] and in February 2024, Quess announced a demerger into three separate listed entities—Quess Corp (workforce management), Digitide Solutions (BPO and HR outsourcing), and Bluspring Enterprises (facility management and industrial services)—approved by the National Company Law Tribunal (NCLT) on 4 March 2025, putting its shares in focus.[4][5]
Business Operations
[edit]Quess Corp operates mainly in technology, finance, healthcare, and manufacturing.[6] Across these industries it does staffing, payroll, facility management, security, IT services, digital transformation, and consulting[7][8][9][10]
For the fiscal year ending 31 March 2024, Quess reported revenue of ₹19,100 crore and a Q4 profit of ₹97 crore, up 243.09% year-over-year.[11]
Acquisitions
[edit]Quess has grown through acquisitions:
- In January 2018, it acquired Monster’s business in India and other regions for USD 14 million, rebranded as foundit in 2022.[12][13]
- In February 2025, it aquired a US-based healthcare wearables firm.[14]
Leadership
[edit]- Ajit Isaac: Founder and Chairman[15][16][17]
- Guruprasad Srinivasan: Group CEO and Executive Director, overseeing operations.[18]
- Kamal Pal Hoda: CFO, appointed in 2022.[19]
References
[edit]- ^ "Quess Corp workforce crosses 500,000, strengthening India's staffing industry". The Economic Times. 5 December 2024. Retrieved 24 March 2025.
- ^ "Quess Corp stock ends day up 58.68 percent on debut". Forbes India. 12 July 2016. Retrieved 24 March 2025.
- ^ "Blockbuster IPO: Quess Corp offer subscribed 147 times". The Hindu Business Line. Retrieved 24 March 2025.
- ^ "Quess Corp shares rally 6% as NCLT clears demerger". The Economic Times. 7 March 2025. Retrieved 24 March 2025.
- ^ "Quess Corp shares in focus as NCLT clears demerger, new entities to list in two months". The Economic Times. 27 February 2025. Retrieved 24 March 2025.
- ^ "Quess Corp Limited IPO Prospectus" (PDF). SEBI. Retrieved 24 March 2025.
- ^ "Jasprit Bumrah celebrates the power of the right launchpad with Quess". ET BrandEquity. 9 December 2024. Retrieved 24 March 2025.
- ^ "Quess buys out Manipal's facility management & catering business". The Economic Times. 29 November 2016. Retrieved 24 March 2025.
- ^ "Allsec Technologies to merge with Quess Corp in an all stock deal". Business Standard. 22 June 2022. Retrieved 24 March 2025.
- ^ "Quess Corp fully acquires gig economy platform Taskmo after founders exit". Moneycontrol. 19 March 2024. Retrieved 24 March 2025.
- ^ "Quess Corp Q4 Results Live: profit rise by 243.09% YOY". LiveMint. 13 May 2024. Retrieved 24 March 2025.
- ^ "Quess Corp acquires Monster's business". The Hindu Business Line. 18 January 2018. Retrieved 24 March 2025.
- ^ "Monster.com rebrands to foundit". LiveMint. 23 November 2022. Retrieved 24 March 2025.
- ^ "Quess Corp enters GCC space with new centre for US healthcare wearables firm". Moneycontrol. 13 February 2025. Retrieved 24 March 2025.
- ^ "Ajit Isaac and the necessity of a clear vision to create long-term impact with philanthropy". Forbes India. 24 March 2023. Retrieved 24 March 2025.
- ^ "We want to build a global brand through East Bengal: Ajit Isaac". Forbes India. 17 October 2018. Retrieved 24 March 2025.
- ^ "Bengaluru's most expensive real estate deal? Quess Corp's promoter buys property worth ₹67.5 cr". Hindustan Times. 17 April 2024. Retrieved 24 March 2025.
- ^ "Quess Corp anticipates to close FY25 with double-digit revenue growth". The Hindu Business Line. 30 January 2025. Retrieved 24 March 2025.
- ^ "Quess Corp appoints Kamal Pal Hoda as Group CFO". ETHRWorld. 8 November 2022. Retrieved 24 March 2025.
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