Quess Corp hits 600,000 employees, joins global staffing giants
BENGALURU, INDIA—Business service provider Quess Corp recently achieved a significant milestone by exceeding its global headcount of 600,000 employees.
In an interview with The Economic Times, Quess Corp Chairman Ajit Isaac said that the company concluded the June quarter with 597,000 employees and has since added over 6,000 more.
This accomplishment places Quess Corp alongside global staffing giants such as Adecco, Randstad, and Manpower, and software services leader Tata Consultancy Services (TCS).
Rapid growth and strategic vision
Founded in 2007 by Isaac, Quess Corp has quickly risen to become one of the largest staffing firms worldwide.
“We are among the largest globally in headcount and perhaps the youngest to achieve this in a span of 17 years,” Isaac stated. The company’s largest shareholder is Toronto-based Fairfax, which holds a 34% stake.
Quess Corp’s growth extends beyond mere numbers. Vasanthi Srinivasan, a professor of HR at IIM Bangalore, highlighted the company’s impact on the Indian economy.
“Firstly, it is moving low-skilled workers into the formal sector on a large scale that guarantees minimum wages and social security,” she noted.
Moreover, Quess is creating jobs amid concerns of jobless growth, with many new employees being first-generation workers acquiring new skills and a sense of identity.
Strategic demerger on the horizon
In a strategic move to enhance focus and unlock shareholder value, Quess Corp has initiated a demerger plan. The company has approached the National Company Law Tribunal (NCLT) for approval to split into three independent listed entities: Quess Corp, Digitide Solutions, and Bluspring Enterprises. This decision, made by the board on February 16, aims to sharpen management focus and create tailored capital allocation strategies.
Post-demerger, Quess Corp will concentrate on workforce management, while Digitide will oversee business process management, insurance services, and HR outsourcing. Bluspring will focus on facility management, industrial services, and investments. The proposal is pending approvals from the NCLT, shareholders, and regulatory bodies, with completion expected by the first quarter of 2025-26.
Ajit Isaac emphasized the strategic benefits of the demerger, stating, “By creating focused, independent entities, each can leverage its core strengths, enhancing operational efficiency and strategic clarity, ultimately driving superior returns for shareholders.”
The growth potential is significant, with Digitide aiming to become a $1-billion company within five years, up from its current $320 million revenue.
Quess Corp’s expansion and strategic restructuring underscore its commitment to maintaining its leadership position in the staffing industry.
As the company continues to grow and adapt, it remains a pivotal player in the global staffing landscape, contributing significantly to job creation and economic development in India.
