With NCLT nod in place, business services provider Quess to list new firms on exchanges in two months
Quess Corp will list its two new entities Bluspring Enterprises and Digitide Solutions in two months, the company founder-chairman Ajit Isaac told ET on Thursday.
The Bengaluru-headquartered company with diverse businesses is moving swiftly to cement the independent identities of new firms. “We are among the few companies that have been on course on the demerger scheme,” Isaac said.
The company began the process of demerger two years ago which helped it plan the leadership and governance structures well in advance. The two new companies are a result of the deployment of capital raised through an IPO about eight years ago. “This is a proof of our capital allocation strategy,” he added.
Executive Director Guruprasad Srinivasan will head Quess Corp, while current CFO Kamal Pal Hoda will lead Bluspring Enterprises. Quess global technology solutions CEO, the US-based Gurmeet Chahal will helm Digitide Solutions, the chairman said.
“This move will improve operational efficiency, unlock shareholder value, and allow each entity to pursue its distinct growth strategy in an evolving business landscape," Isaac said.
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