Quess Corp announces sale of Qdigi Services to Onsitego in strategic business move

Quess Corp Ltd, a frontrunner in India’s business services sector, today made a significant announcement regarding the divestiture of its wholly-owned subsidiary, Qdigi Services Limited, to Onsitego, the country’s leading provider of device-care services. This strategic move is set to transfer the entire team and business of Qdigi to Onsitego, with Quess Corp receiving a total cash consideration of ₹80 crores, subject to customary closing adjustments. Additionally, Quess will acquire a minority stake in Onsitego, marking a new chapter in both companies’ growth stories. The transaction is slated for completion in the next 2-3 months, heralding a promising future for the involved entities.

Guruprasad Srinivasan, Executive Director and CEO of Quess Corp Ltd, shared insights into the decision-making process, highlighting the divestiture as part of the company’s ongoing corporate structure simplification efforts. Srinivasan expressed confidence in the complementary nature of Qdigi’s business with Onsitego’s offerings and anticipates that this move will lay the groundwork for Qdigi’s next growth phase under Onsitego’s stewardship.

Deven Sharma, CEO of Qdigi Services Ltd., reflected on the company’s growth since becoming part of the Quess family in 2018. The merger with Onsitego is expected to catalyze growth and deliver an enhanced service experience to customers, leveraging the synergies between Qdigi’s service capabilities and Onsitego’s customer service excellence.

Kunal Mahipal, Founder and CEO of Onsitego, underscored the acquisition’s strategic importance, envisioning it as a significant step in expanding the company’s service network and market offerings. Mahipal is optimistic about the combined strengths of Onsitego and Qdigi, aiming to position the entity as India’s largest and most customer-centric service company.

For Quess Corp, the divestiture aligns with its strategy to simplify corporate structure and focus on core competencies. Onsitego stands to benefit from Qdigi’s robust service capabilities, potentially enriching its device protection business and exploring new growth avenues. This strategic alignment promises to enhance the customer service landscape in India’s device-care sector, setting a precedent for future collaborations in the industry.

In conclusion, the acquisition of Qdigi by Onsitego, facilitated by Quess Corp, represents a strategic alignment of services and capabilities in the Indian device-care market. This move is expected to accelerate growth, expand service offerings, and elevate customer experiences across the board, marking a significant milestone in the evolution of India’s business services landscape.