Quess Corp - Human Resources Company

This is old news of August

Quess Corp’s General Staffing division first in India to cross 250,000 associates.

Quess Corp Limited, India’s largest business services company, today announced that its General Staffing division has achieved yet another milestone by scaling the 250,000 associate mark, making it the first Indian staffing company to achieve this feat and further cementing the company’s position as leader in the staffing space. Quess General Staffing has added over 50,000 headcounts in past 12 month, growing over 25% in a year, and 285% in 5 years.

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A person familiar with the development said Moraje’s exit was likely due to differences in strategy between him and Isaac. “While Quess had an aggressive expansion strategy and was spreading itself too thinly in various businesses, Moraje streamlined things and exited loss-making businesses. He brought a lot of focus on cash flow and profitability,” a source said.

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Internal candidate appointed as new CEO.

Q3’22 Corporate Updates

  • Recorded best ever quarter in terms of Revenue (₹ 3,685cr), EBITDA (₹ 179cr) and PBT(₹ 114cr)
  • Increased equity stake in Taskmo from 36.58% to 49.00% against consideration of approximately ₹ 4cr
  • Paid interim dividend of ₹ 4/- per share during Dec’21
  • Monster raised ₹ 137.5cr at a valuation of ~ USD 100mn in Dec’21
  • General Staffing business ranked 48 in top 50 of SIA’s prestigious Largest Global Staffing Firms 2021 list
  • In a recently conducted employee satisfaction survey, out of 110,000 respondents, 83% rated themselves Very Satisfied or Satisfied with Quess
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Public shareholders of Allsec will receive 74 shares of Quess for every 100 shares held in Allsec.

Quess was already holding 73.39% of Allsec through its subsidiary Conneqt Business Solutions.

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