Quess Corp, a notable multibagger stock, experienced a 6% surge in its share price following significant announcements regarding its strategic restructuring. The company revealed the formation of new leadership teams for its demerged subsidiaries, Digitide Solutions and Bluspring Enterprises. Shareholders can expect to receive shares in these new entities based on their existing holdings, with the official record date set for April 15, 2025. This change is poised to enhance trading opportunities on both the BSE and the National Stock Exchange in the coming months, pending regulatory approval.

Leadership Changes in Newly Formed Entities

The recent restructuring has led to key appointments within Digitide Solutions and Bluspring Enterprises:

• Digitide Solutions:

  • Gurmeet Chahal, with over 25 years of experience in the North American tech sector, takes the helm as CEO.
  • Suraj Prasad, previously Deputy CFO at Quess Corp, steps in as CFO. He is a Chartered Accountant and Cost & Management Accountant, boasting extensive experience across various industries, including Telecom and IT/ITES.
• Bluspring Enterprises:
  • Kamal Pal Hoda, formerly Group CFO of Quess Corp, has been promoted to CEO. Hoda is a Chartered Accountant with over 20 years of experience in finance.
  • Prapul Sridhar assumes the role of CFO, moving up from a leadership position in corporate finance at Quess Corp. He also holds qualifications as a Chartered Accountant.

Continued Leadership at Quess Corp

Guruprasad Srinivasan, who has been integral to Quess Corp for over 18 years, will maintain his role as CEO post-demerger. He previously served as Group CEO and brings a wealth of knowledge to the table. The newly appointed CFO, Sushanth Pai, offers 27 years of financial expertise, having held significant positions at Matrimony.com and within the executive team of a global tech services firm.

Share Price Performance of Quess Corp

On the stock market front, Quess Corp opened at ₹674.95, marking an increase from the previous close of ₹659.80. The stock climbed as high as ₹707.50, reflecting a 7% gain during the trading session. Despite challenges in the broader Indian stock market, Quess Corp shares have shown resilience, rising 14% in the past month and achieving a 3% increase year-to-date. Over the past five years, the stock has impressively surged 222%, solidifying its multibagger status.

Final Thoughts

The recent changes at Quess Corp signal a proactive approach to enhance shareholder value and operational efficiency through strategic demergers. Investors and market analysts will be keenly watching how these developments unfold and how they impact the performance of both Quess Corp and its newly established subsidiaries, Digitide Solutions and Bluspring Enterprises.