BENGALURU, INDIA – Quess Corp, a leading business service provider, has surpassed 600,000 employees worldwide, reaching a major milestone that ranks it alongside global staffing giants such as Adecco, Randstad, and Manpower as well as software services leader Tata Consultancy Services (TCS).
In an interview with The Economic Times, Quess Corp Chairman Ajit Isaac confirmed that the company ended the June quarter with 597,000 employees and has since added over 6,000 more.
“We are among the largest globally in headcount and perhaps the youngest to achieve this in a span of 17 years,” Isaac said. Toronto-based Fairfax is the company’s largest shareholder, holding a 34% stake.
Boosting formal employment and economic impact
Beyond numbers, Quess Corp has significantly impacted the Indian economy by transitioning low-skilled workers into the formal sector. This shift provides guaranteed minimum wages and social security.
Vasanthi Srinivasan, an HR professor at IIM Bangalore, emphasized, “Firstly, it is moving low-skilled workers into the formal sector on a large scale that guarantees minimum wages and social security.”
Quess is also creating jobs at a time when concerns about jobless growth are rising. Many of the company’s new employees are first-generation workers, who are able to gain new skills and a sense of identity through their employment.
Planned strategic demerger for focus and growth
In February, Quess Corp announced a demerger plan aimed at creating tailored capital allocation strategies and sharpening management focus. The company has submitted a proposal to the National Company Law Tribunal (NCLT) to split into three independent listed entities: Quess Corp, Digitude Solutions, and Bluspring Enterprises.
Post-demerger, Quess Corp will focus on workforce management. Digitude will oversee business process management, insurance services, and HR outsourcing, while Bluspring will handle facility management, industrial services, and investments.
The demerger is pending approvals from the NCLT, shareholders, and regulatory bodies, with completion expected by the first quarter of 2025–26.
Isaac commented on the plan, “By creating focused, independent entities, each can leverage its core strengths, enhancing operational efficiency and strategic clarity, ultimately driving superior returns for shareholders.”
Digitude is aiming to become a $1-billion company within five years, growing from its current $320 million revenue.
