Quess Corp officially splits into three entities
BENGALURU, INDIA — Quess Corp, an Indian business services company, has received legal approval from the National Company Law Tribunal (NCLT) in Bengaluru to demerge into three publicly listed entities.
The demerger aims to enhance operational efficiency and unlock shareholder value by allowing each entity to pursue distinct growth strategies.
Background and restructuring plan
Quess Corp announced its restructuring plan in February last year, which was approved by the company’s board. The plan involves spinning off its business into three separate entities: Quess Corp, Digitide Solutions, and Bluspring Enterprises.
Quess Corp will continue as one of India’s largest workforce management companies, managing over 500,000 employees across nine countries in regions including Southeast Asia, North America, and the Middle East.
New entities and services
Digitide Solutions: This entity will offer a range of services including business process management (BPM), insurance technology (insurtech), and human resource outsourcing (HRO). With operations across 30 countries and delivery centers in Manila and India, Digitide will leverage AI-driven technology to provide real-time insights, automation, and scalability.
“Digitide will leverage AI-driven technology to enable businesses in transforming data into enterprise power [and] provide real-time insights, automation and scalability,” Quess Corp stated.
Bluspring Enterprises: This infrastructure services company will focus on facility management, food services, security services, and industrial and telecom infrastructure maintenance. Additionally, Bluspring will house Foundit, an AI-powered white-collar job portal and candidate services platform.
“The approval from the Hon’ble NCLT, Bengaluru Bench marks a major milestone in our journey to create three focused and independent listed entities. This move will improve operational efficiency, unlock shareholder value, and allow each entity to pursue its distinct growth strategy in an evolving business landscape,” said Ajit Isaac, Chairman of Quess Corp.
Following the demerger, shareholders will receive one equity share in Digitide Solutions and Bluspring Enterprises for every equity share held in Quess Corp.
The next steps include determining the record date, completing share allotments, and listing the new entities on stock exchanges.
Independent governance structures and leadership teams will also be established for Digitide and Bluspring.
Quess provides managed outsourcing and technology-enabled services across processes such as sales and marketing, customer care, after-sales service, back office operations, staffing, among others. It posted a 9% year-on-year increase in revenue for the second quarter of fiscal year 2025, reaching INR 51.79 billion (US$616 million).
