Quess Corp Limited

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Quess Corp Limited - overview

Established

2007

Location

Bangalore, Karnataka, India

Primary Industry

Outsourcing

About

Quess Corp Limited offers comprehensive staffing and workforce solutions, enhancing operational efficiency for clients across various sectors. The company provides services globally, including managed services and digital platforms designed to meet diverse workforce needs. Quess Corp Limited, founded in 2007, is headquartered in Bangalore, India. The company specializes in staffing and workforce solutions, focusing on general and professional staffing services.


In February 2013, Thomas Cook (India) Ltd acquired a 74% stake in Quess for INR 2. 560 million, further supporting its growth strategy. The current CEO team includes George Konstantinidis, Kapil Joshi, Mohamed Mossad, Munish Kumar, Nitin Dave, Rupal Sinha, Tej Singh, Vijay Sivaram, and Vimal Kumar. Quess Corp Limited specializes in staffing and workforce solutions, providing general and professional staffing services, managed services, and digital platforms for workforce management.


The company serves a diverse client base across sectors, including IT, manufacturing, retail, BFSI (banking, financial services, and insurance), and healthcare, managing approximately 460,000 associates. Their technology-driven solutions enhance operational efficiency, supporting clients in meeting their workforce challenges. For the fiscal year 2024, Quess Corp reported a revenue of INR 1,881,006,685. 20 and an EBITDA of INR 70,804,913.


10. The company's revenue model is based on service fees related to staffing contracts and managed services, with long-term agreements that reflect their expertise in managing extensive workforce needs across various industries. Quess Corp Limited aims to expand its offerings and geographic reach in the coming years. The company plans to launch new digital platforms designed to streamline staffing processes, with specific release dates to be announced in the near future.


Furthermore, it is targeting expansion into new markets, including Southeast Asia, the Middle East, and the United States, with plans to establish a stronger presence by 2025. The recent funding from Thomas Cook India Limited will support these initiatives, enhancing technology integration and the development of new services.


Current Investors

Fairbridge, Thomas Cook India Limited

Primary Industry

Outsourcing

Sub Industries

Business Support Services, BPO Services, Human Resources Services

Website

www.quesscorp.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Quess Corp Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedConneqt Business Solutions Limited-
Add-onCompletedConneqt Business Solutions Limited-
Add-onCompletedVedang Cellular Services Pvt Ltd-
Add-onCompletedHeptagon Technologies Pvt Ltd-
Add-onCompletedHeptagon Technologies Pvt Ltd-

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