Quess Corp

Quess Corp Limited is a provider of technological and business services with headquarters based in Bangalore[3][4][5] and is listed on the Bombay Stock Exchange and NSE. Starting operations from 2007 Quess Corp operates in India with 64 offices across India along with a presence in North America, the Middle East and South East Asia. The employee strength of Quess Corp is over 384,000.[6]

Quess Corp Limited
TypePublic
FoundedSeptember 2007
HeadquartersBengaluru, India
Area served
North America, South America, Middle East and South East Asia
Key people
Ajit Isaac (Chairman & MD)
ServicesWorkforce Management, Operating Asset Management, Global Technology Solutions
RevenueINR 11,000 Crores (as on Mar, 2020) [1]
Number of employees
384,000[2]
Websitewww.quesscorp.com

Services

Quess Corp Limited has 3 business verticals [7] namely Workforce Management, Operating Asset Management, Global Technology Solutions.

Acquisitions

Quess Corp signs definitive agreements to acquire 61.35% stake in Allsec Technologies for Rs.271 Cr through their subsidiary Conneqt Business Solutions.[8]

At the meeting held on 27 September 2019, the Board of Quess Corp has approved acquisition of remaining 49% stake in Trimax Smart Infraprojects (TSIPL), a subsidiary of Quess. Post completion of acquisition, TSIPL will become wholly owned subsidiary of Quess.[9]

Corporate Actions
  • Quess completes the De-merger with Thomas Cook India Ltd and it is now held directly by Fairfax Holdings (~33% holding).[10][11]
  • A new brand campaign is launched in line with Quess' move to its new platform structure.[12]

Sports

Quess Corp Ltd will ink partnership with East Bengal F.C. to form East Bengal FC Pvt. Ltd.[13][14]

Philanthropy

Quess’ aim is to actively contribute to the community and construct a positive and deep impacting footprint in the areas of health and education. To take this initiative forward Care Works Foundation (CWF) was established in 2014. Ministry of Education, Government of Karnataka established a partnership with Quess, in 2015, to augment and enhance government owned schools across the State. Thus far eight such schools have been adopted by Quess Corp Limited. [15]

Awards

Quess Corp Limited won an award for the Best IPO in 2017.[16]

Controversies

IKEA, a furniture retail company from Sweden, lodged an affidavit with Chennai Registrar of Trade Marks against Quess, stating that IKYA, a division of Quess Corp Ltd, was using a brand name similar to theirs. IKYA Human Capital Solutions won the indictment.[17]

References
  1. https://quesscorp.com/investor/dist/images/pdf/Quarterly/Quess-Corp-Press-Release-Q4-FY20.pdf
  2. "India's leading business services provider | Quess Corp". www.quesscorp.com. Retrieved 18 November 2019.
  3. "Thomas Cook India arm Quess Corp to acquire 49% stake in TSQ". The Times of India. Retrieved 8 January 2016.
  4. "Quess Corp signs deal to acquire Sri Lankan arm of Randstad India". The Economic Times. 27 October 2015. Retrieved 8 January 2016.
  5. "ThomasCook India's subsidiary Quess Corp acquires 49% stake in Qatar based TransfieldServices". Business Insider India. Retrieved 8 January 2016.
  6. "Navigating successfully in turbulent times" (PDF). http://quesscorp.com. Retrieved 17 May 2017. External link in |website= (help)
  7. "Quess Corp delivers wins on multiple fronts; Shows strong operating growth and steady profitability; Demonstrates its robust business model amidst a slowing economy - Q2 FY20" (PDF). quesscorp.com. Retrieved 17 May 2018.
  8. Bureau, Our. "Quess Corp to buy 61% stake in Allsec Technologies". @businessline. Retrieved 20 May 2019.
  9. Market, Capital (27 September 2019). "Board of Quess Corp approves acquisition of 49% stake in Trimax Smart Infraprojects". Business Standard India. Retrieved 30 December 2019.
  10. "Thomas Cook India completes corporate restructuring". Moneycontrol. Retrieved 30 January 2020.
  11. "Quess Q3FY20" (PDF).
  12. "Quess results Q3 FY20" (PDF).
  13. "East Bengal announce Quess Corp Ltd as new investors ahead of upcoming season". sportskeeda.com. Retrieved 5 July 2016.
  14. "East Bengal gets Quess Corp's support". hindu.com. Retrieved 5 July 2016.
  15. Shekhar, Divya (19 October 2015). "Good Samaritan: How Quess Corp CEO Ajit Isaac takes care of education and healthcare of the underprivileged". The Economic Times. Retrieved 19 October 2015.
  16. "Quess Corp recognised as the Best IPO at IR Awrds". telegraphindia. Retrieved 8 June 2017.
  17. "Quess Corp wins IKEA suit for using IKYA brand". timesofindia-economictimes. Retrieved 19 January 2016.
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