Quess Corp Subsidiaries Digitide and Bluspring Enterprises List on Stock Exchanges

Quess Corp's subsidiaries, Digitide Solutions and Bluspring Enterprises, made their stock market debut on June 11, 2025, commencing trading on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Upon listing, both entities experienced immediate selling pressure, hitting their respective 5% lower circuits.
This listing is a significant outcome of Quess Corp's strategic decision to demerge its operations into three independent entities: the parent Quess Corp, Digitide Solutions, and Bluspring Enterprises. The objective behind this restructuring is to allow each company to concentrate on its specific business vertical, thereby sharpening strategic focus, enabling targeted capital allocation, and ultimately enhancing shareholder value.
As part of the demerger arrangement, shareholders of Quess Corp were issued one share in Digitide Solutions and one share in Bluspring Enterprises for every share they held in Quess Corp. On the NSE, Bluspring Enterprises listed at Rs 89 per share, while Digitide Solutions debuted at Rs 245 per share. On the BSE, Bluspring Enterprises opened at Rs 86.95, and Digitide Solutions listed at Rs 245. The company had formally announced the listing date for its subsidiaries on June 9, following the receipt of regulatory approvals from both the BSE and NSE.
Following the demerger, Quess Corp will continue to focus on its core workforce management services. Digitide Solutions will take charge of business process management (BPM), insurtech, and HR outsourcing operations. Bluspring Enterprises will manage facility management, industrial services, and investment operations, allowing each entity to pursue growth opportunities within its designated sector.
Quess Chairman Ajit Isaac emphasized that the restructuring is designed to empower each unit to develop more precise capital allocation strategies and unlock greater shareholder value. He stated, "The decentralised structure at Quess has enabled a pathway for the three demerged entities to continue a culture of entrepreneurship, an employee-friendly workplace with customer centricity at the core." This move aims to foster agility and independent growth for each business.
Prem Watsa, Chairman of Fairfax Financial Holdings and Quess Corp’s largest shareholder, expressed strong confidence in the prospects of the newly listed entities. He highlighted that each demerged company is a market-leading player, well-positioned to capitalize on emerging opportunities within their respective domains.
Quess Corp is recognized as India’s leading business services provider, utilizing its extensive domain knowledge and advanced digital platforms to enhance client productivity through outsourced solutions. Analyzing its stock performance, Quess Corp shares have seen a modest gain of 2.94% over the past year. However, the stock has faced headwinds in recent months, with a year-to-date (YTD) decline of 5.98% and a six-month fall of 10.01%. Over the last three months, the stock has been relatively stable, with a marginal loss of 0.15%, while the past month saw a 2.83% decrease. On Tuesday, June 10, 2025, Quess Corp shares closed 1.6% higher at Rs 319.90 on the BSE.