Quess Corp split into three—here’s who’s leading its digital and infrastructure arms now

Quess Corp Limited has entered a new era with the formalisation of leadership for its two newly spun-off companies—Digitide Solutions Limited and Bluspring Enterprises Limited. This transition is part of a broader corporate restructuring designed to provide each business with operational independence and a sharper sector-specific growth strategy.

The Bengaluru-based Quess Corp, one of India‘s largest providers of business services, initiated a three-way demerger to streamline its operations across digital transformation, infrastructure services, and core outsourcing businesses. The finalisation of new executive teams signals readiness for the next phase of value creation across the three standalone entities.

Leadership transition at Quess Corp reflects sectoral priorities

Digitide Solutions Limited, the technology-focused arm, has appointed Gurmeet Chahal as Chief Executive Officer. With over 25 years of global experience in digital innovation and AI-driven services, Chahal is expected to lead Digitide’s push into data-driven enterprise transformation. His background includes leadership across North American healthcare and financial services verticals, positioning him well to scale the company’s intelligent operations.

Finance operations at Digitide will be led by Suraj Prasad, the former Deputy CFO at Quess Corp. A highly credentialed finance professional, Prasad has worked across telecom, oil and gas, and IT/ITES sectors, bringing over two decades of expertise in financial governance and cross-border operations.

Meanwhile, Bluspring Enterprises Limited will be led by Kamal Pal Hoda, elevated from his role as Group CFO at Quess. With deep roots in financial planning, investor relations, and strategic transactions across mining, retail, and services, Hoda’s appointment signals Bluspring’s ambition to establish a leadership position in India’s growing infrastructure services sector.

Supporting Hoda is Prapul Sridhar, the newly appointed CFO of Bluspring, who steps into the role from Quess Corp’s corporate finance team. Sridhar’s professional journey has included stints in consultancy and technology firms, giving him a well-rounded perspective on financial strategy in fast-evolving markets.

Digitide’s digital focus aligned with global AI transformation trends

The leadership transition at Quess Corp is not merely a personnel reshuffle; it reflects a deeper strategic pivot. Digitide Solutions is being positioned as a platform for AI-powered business transformation. CEO Gurmeet Chahal highlighted that Digitide aims to “unlock new value for customers by growing revenues, enabling efficiencies, and enhancing experiences” through data and automation. This approach is in line with a growing demand for digital-native solutions as global enterprises accelerate their transformation agendas.

By focusing on intelligent operations and digital services, Digitide is expected to cater to clients in healthcare, BFSI, and enterprise tech, providing AI-enhanced productivity and customer experience solutions.

Bluspring to tap into infrastructure and urbanisation momentum

Bluspring Enterprises, on the other hand, is being positioned to address India’s urban development and infrastructure boom. CEO Kamal Pal Hoda emphasised that the company will focus on “sustainable solutions, tech-driven service delivery, and high-quality operations.” With India investing heavily in smart cities, logistics, and construction, Bluspring’s mission aligns with national infrastructure goals.

Hoda indicated plans to establish strategic alliances and grow through partnerships, using technology to enhance service reliability and operational scale. Bluspring aims to become a major infrastructure services provider, offering facility management, project execution, and high-impact solutions in a fragmented market.

Core Quess Corp continues with sharpened focus on workforce solutions

Following the demerger, Quess Corp Limited will continue under the leadership of long-time executive Guruprasad Srinivasan. His continuity ensures strategic stability for the parent business, which remains India’s leading outsourcing solutions provider. Sushanth Pai has been appointed Chief Financial Officer, bringing in nearly three decades of experience across advisory and internet businesses.

Quess Corp plans to focus on scaling its core staffing, back-office operations, and HR tech services, continuing its mission to improve productivity for over 3,000 clients globally.

Shareholder parity and listing outlook post-demerger

The company has fixed April 15, 2025, as the record date for the demerger. Shareholders of Quess Corp will receive proportionate equity in Digitide Solutions and Bluspring Enterprises, reflecting their holdings in the parent company. Subject to final regulatory approvals, both new companies are expected to be listed and commence trading on the BSE and NSE within two months.

Market watchers see the move as a potential unlock of hidden value in Quess’s diverse portfolio. The company, which employs over 616,000 people globally, had reached a scale that required a more decentralised and agile operating structure.

Stock performance suggests cautious optimism among investors

As of April 1, 2025, shares of Quess Corp closed at ₹660.15 on the National Stock Exchange, reflecting a 1.38% daily gain. The stock has climbed nearly 27% over the past year, indicating growing investor confidence, particularly after the company received regulatory approval for the demerger. Following the National Company Law Tribunal’s clearance, Quess Corp stock rallied over 6%, signalling optimism about the value expected to be unlocked through the structural separation.

However, over a three-year horizon, Quess Corp’s return of -0.54% has underperformed broader indices such as the Nifty Midcap 100, which gained over 71% in the same period. This divergence highlights the importance of sustained execution from the newly created entities to meet investor expectations.

Investment sentiment and analyst recommendation: Hold

Given the mixed historical performance but strong forward-looking positioning post-demerger, market sentiment toward Quess Corp remains cautiously optimistic. Analysts suggest a Hold recommendation for current shareholders. The separation into three sector-specific entities—Digitide for digital transformation, Bluspring for infrastructure services, and the core Quess Corp for HR and outsourcing—offers each the agility to scale in their respective markets.

While the strategic intent is promising, investors are advised to wait for at least one or two quarters of financial performance from Digitide and Bluspring before initiating new positions or increasing exposure. The potential for value unlocking remains high, but execution and market traction will be key determinants.

A decisive move to scale sector-specific businesses

Founder and Executive Chairman Ajit Isaac said the separation allows each business to focus on its strengths—digital transformation, infrastructure services, and workforce solutions—without the constraints of a conglomerate structure. He reiterated that the appointments of Guruprasad, Kamal, and Gurmeet as CEOs of the three entities were aimed at driving focused growth and shareholder value creation.

This leadership transition at Quess Corp marks a significant milestone in India’s corporate restructuring landscape, offering a potential blueprint for other diversified firms seeking agility and specialisation in an increasingly competitive market.