Quess Corp, the Indian business services company is to demerge into three public-listed entities. With the National Company Law Tribunal (NCLT), Bangalore Bench, approving the demerger, Quess Corp will now continue as workforce-management company with a strength of more than five lakh across nine countries, while the first resultant company of the demerger, Digitide Solutions, will offer a comprehensive suite of solutions including business process management or BPM Services, Insurtech and HRO.
With operations spread across 30 countries and delivery centres in Manila and India, it will capitalise on emerging BPM opportunities across diverse sectors. Digitide will use AI-driven technology to enable businesses to transform data into enterprise power, provide real-time insights, automation and scalability.
Bluspring Enterprises, resulting company 2, will serve as an infra services company offering facility management, food services, security services, as well as industrial and telecom infrastructure maintenance. Additionally, the foundit, the AI driven white-collar job portal will be part of Bluspring Enterprises.
Each of these three entities will be able to drive growth and improve overall performance in the coming years with a strategic focus. Upon demerger, all shareholders of Quess Corp will receive one equity share each in Digitide and Bluspring, for every equity share held in Quess Corp.
Ajit Isaac, chairman of Quess Corp is confident that this move “will improve operational efficiency, unlock shareholder value, and allow each entity to pursue its distinct growth strategy in an evolving business landscape.”
The listing of Digitide Solutions and Bluspring Enterprises on the stock exchanges is yet to be done. , Independent governance structures and leadership teams for each entity needs to be established too.
