Share News: Company's business divided into 3 parts, listing will be on 11 June-Wednesday

News Topical, Digital Desk : Quess Corp has divided its company into three parts (demerger), and one of these new companies Bluspring Enterprises is going to be listed in the stock market tomorrow i.e. on 11 June 2025. Quess Corp (main company) – Now its focus will be on workforce management business i.e. recruitment and management of employees. Digitide Solutions – It will handle global technology service and platform business (except Foundit). Bluspring Enterprises – It will have two businesses: Operating Asset Management (OAM) and Foundit (job portal platform).

Record date and listing- Record date: It was set on 15 April 2025, i.e. those holding shares till that day will get the benefit of demerger.

Listing: BlueSpring's stock will trade on NSE and BSE from 11 June. How is BlueSpring's business? Two major parts of BlueSpring Enterprises (1) Operating Asset Management (OAM) It was contributing 15% of Quess Corp's revenue and 20% of EBITDA in FY24. Revenue trend (according to HDFC Securities): FY19: ₹1702 crore FY24: ₹2800 crore EBITDA margin has come down from 7.9% in FY19 to 5% in FY24, i.e. profitability has come down slightly. 2. Foundit (formerly Monster.com)- It was contributing 2.85% of Quess Corp's total revenue in FY24. Management Team Kamal Pal Hoda will be CEO of Bluspring Prapul Sridhar will be CFO Why is this news important- Quess Corp investors will now get stakes in three companies with different focuses. The opening price and trading of the stock will be monitored on the new listing. Operating Asset Mgmt is a stable revenue generating business but margins have come down – this may affect the value of the stock. Overall- Bluespring Enterprises will be a new listed player with a stable income OAM business and digital platform Foundit. Investors should keep an eye on its price and market reaction on the day of listing. What does Quess Corp do? Understand in simple language: Quess Corp is a large Indian company that provides workforce, technology and business services to different companies. You can understand it as a company that helps other companies to run their daily work better - from recruitment of employees to their salaries, security, IT and infrastructure. Workforce Management Providing staff to companies Temporary and permanent staffing Payroll Management i.e. work related to salary, bonus, tax Facility Management Cleaning, security, maintenance of office, factory or other sites IT and Technology Services Providing software, technology solutions and IT support for companies Cyber ​​security and cloud services Operating Asset Management On-field work in banking, telecom and other sectors such as ATM management, data entry, back-office process etc. Digital hiring platform - Foundit (formerly Monster.com) is a unit of Quess, which is an online job portal Where is the work? Quess Corp is headquartered in Bengaluru. Its work is spread across countries like India, Singapore, Malaysia, UAE, and Canada. This company serves more than 50,000 clients and has more than 3.8 lakh employees (date may be updated)
 

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