Quess Corp To Split Into Three Separate Companies To Unlock Value

Quess Corp Ltd. has approved spinning off the business services provider's diversified verticals into three independent entities to unlock value.

All the businesses within the entity are now primed for expansion, with the goal of establishing themselves as an integrated operating asset management and investment company, characterised by both scale and valuation, the company said. Through the premiumisation of its services, the company is poised to deliver a 20% year-on-year revenue growth, it said.

The company said that its workforce management business stands to benefit significantly from these structural changes and aspires to become the largest globally by headcount in the next few years.

Digitide is targeted to achieve a revenue milestone of $1 billion which denotes a significant increase from its current revenues of over $280 million, according to the company. "Serving across 30 countries, with a delivery centers in Manila and India, the company is well-positioned to take advantage of emerging BPM opportunities across diverse sectors."

Meanwhile, all the services under Bluspring Enterprises will experience huge tailwinds as a result of the focus on India’s development story, Viksit Bharat @2047 and 6G rollout plan in 2030, the company said.