Our approach to acquisitions: fair, transparent and friendly

Since 2007, we have completed 31 acquisitions. Some of these businesses were merged, some divested, and some continue to operate as standalone businesses, but all of them have helped us build capability.

Our Mantra

A permanent home for the business you built.

A snapshot of our portfolio

Avon Facility Services

Acquired in -

2008

Current Company -

Bluspring

Facility management company

  • Purchased 100% of Avon for ₹15 crore, marking Quess’s entry into integrated facility management.
Merged
REVENUE
114x

Coachieve Solutions

Acquired in -

2009

Current Company -

Digitide

HR outsourcing services

  • Acquired Coachieve in 2009 for ₹1.2 crore through a combination of cash and stock to strengthen Quess’s recruitment and human capital services. This was later sold to Allsec Technologies.
Divested

Magna Infotech

Acquired in -

2010

Current Company -

Quess Corp

IT staffing company operating from India

  • Purchased for a total sum of ₹88 crore between 2010 and 2013. The acquisition gave Quess a critrical IT staffing poistion in India.
Merged
REVENUE
~ 5x

Brainhunter Systems, Canada

Acquired in -

2014

Current Company -

Digitide

IT & Engineering staffing services

  • Acquired Canada-based Brainhunter Systems for ₹50 lakh through a distressed debt resolution process facilitated by ICICI Bank India, establishing Quess’s presence in Canada.
Subsidiary

Hofincons

Acquired in -

2014

Current Company -

Bluspring

Industrial asset management company providing MRO services to process industries, power plants and refineries

  • Acquired Chennai-based Hofincons from Australia’s Transfield Services for ₹50.3 crore, which has since strengthened Bluspring’s engineering portfolio post-demerger.
Merged
REVENUE
~ 2.4x

MFX Infotech, USA

Acquired in -

2014

Current Company -

Digitide

Provider of IT applications

  • Fully acquired MFX with an investment of around ₹23 crore between 2014 and 2016. MFX is now part of Digitide.
Subsidiary
REVENUE
~19%

Aravon Services Pvt Ltd

Acquired in -

2015

Current Company -

Bluspring

Facility management company

  • Acquired Aravon Services (formerly Aramark India) under a share purchase agreement signed in February 2015.
Merged

Styracorp & IME Consultancy, Middle East

Acquired in -

2015

Current Company -

Quess Corp

Staffing business in the Middle East

  • Purchased Dubai-based Styracorp Management Services and IME Consultancy for ₹2 crore creating a foothold in the Middle East region.
Subsidiary
REVENUE
1,600x

Golden Star Facilities & Services

Acquired in -

2016

Current Company -

Quess Corp

Facility management

  • Acquired Golden Star which was a part of Manipal Integrated Services, for a sum of ₹45 crore and renamed it Quess International Services.
Subsidiary

Manipal Integrated Services

Acquired in -

2016

Current Company -

Bluspring

Facilities management and institution catering business

  • Purchased through a ₹680 crore cash and stock deal, with ₹220 crore paid in cash and the balance of ₹460 crore through equity shares.. This acquisition materially scaled the facility management business.

Merged
REVENUE
24%

Randstad Lanka, Sri Lanka

Acquired in -

2016

Current Company -

Quess Corp

Staffing and HR solutions business

  • Purchased Randstad Lanka for ₹3.9 crore, providing Quess with a foothold in Sri Lanka for expanding its HR and workforce solutions.
Subsidiary
REVENUE
20x

Simpliance

Acquired in -

2016

Current Company -

Quess Corp

Tech-based governance, risk and compliance solutions

  • Invested ₹4.5 crore in Simpliance between 2016 and 2018, building a 53% stake, and later divested the holding to Aparajitha Corporate Services for ₹120 crore in October 2022.
Divested

Terrier Security Services

Acquired in -

2016

Current Company -

Bluspring

Provider of manned guarding, training, and electronic security solutions

  • Acquired 74% stake in Terrier for ₹136.5 crore between 2016 and 2020, strengthening the company’s integrated facility management offering.

Subsidiary
REVENUE
~ 2.3x

Comtel Solutions, Singapore

Acquired in -

2017

Current Company -

Quess Corp

IT staffing company operating from Singapore

  • Acquired Comtel Solutions in two stages – 64% for ~₹140 crore in 2017 and the remaining 36% for ~₹111 crore in 2018 – with a total investment of ₹265.9 crore (including primary infusion), marking Quess’s entry into Singapore.
Subsidiary
REVENUE
43%

Conneqt Business Solutions

Acquired in -

2017

Current Company -

Digitide

Customer Experience (CX) management company

  • Acquired a majority stake between 2017 and 2021, increasing the stake to 100% with a total investment of ₹361 crore.
Parent
REVENUE
~ 3x

Heptagon

Acquired in -

2017

Current Company -

Digitide

Digital consulting and product engineering firm offering Aadhaar-based onboarding and workforce management solutions.

  • Acquired in stages from 2017 to 2024 with an equity investment of ₹11.3 crore; subsequently merged into Conneqt Solutions.
Subsidiary
REVENUE
43%

Vedang Cellular Services

Acquired in -

2017

Current Company -

Bluspring

Telecom network operations and maintenance provider

  • Acquired a 97% stake in Vedang for a total consideration of ₹49.1 crore, establishing Bluspring’s presence in the telecom infrastructure sector.

Subsidiary
REVENUE
~ 4.3x

foundit

Acquired in -

2018

Current Company -

Bluspring

Online job board and talent platform operating across India, SE-Asia and Middle East

  • Acquired Monster South Asia business for ₹162.9 crore in equity and ₹37.5 crore in debt, taking total investment to ₹200.4 crore; the business was later renamed foundit.
Subsidiary

Greenpiece Landscape India

Acquired in -

2018

Current Company -

Bluspring

End-to-end landscaping services

  • Purchased the company in 2018 for ₹24.4 crore. The deal strengthened landscaping and integrated facilities management capabilities.
Merged

Qdigi

Acquired in -

2018

Current Company -

Quess Corp

After-sales service provider for consumer electronic goods

  • Purchased Qdigi for ₹35.4 crore in 2018 and sold it to Onsitego for ₹80 crore in 2024.

Divested

Allsec Technologies

Acquired in -

2019

Current Company -

Alldigi Tech/ Digitide

Publicly listed HRO and CLM services provider

  • Acquired 73.4% of the company for ₹330 crore, including 61.4% stake purchased from Carlyle and promoters and a balance 12% through a subsequent public offer for ₹59 crore.
Subsidiary
REVENUE
~ 2.3x

Trimax IT Infra Services

Acquired in -

2019

Current Company -

Bluspring

Smart city IT infrastructure SPV for Ahmedabad Smart City project

  • Bought Trimax Smart Infraprojects from a public sector bank with a total investment of ₹100 crore. Transferred to Bluspring in the 2025 demerger.

Subsidiary

Taskmo (Stellarslog)

Acquired in -

2021

Current Company -

Quess Corp

Gig economy platform

  • Acquired 100% of the company between 2021 and 2024 for a total consideration of ₹21 crore. The acquisition gave Quess an entry into the gig economy.
Subsidiary

Archer Integrated Services

Acquired in -

2025

Current Company -

Bluspring

Industrial catering

  • Acquired the food catering and facility management businesses of Archer and Astrin Traders for ₹11 crore in an all-cash transaction.
Merged

LSG Skychefs India

Acquired in -

2026

Current Company -

Bluspring

In-flight catering and allied services at BIAL airport

  • Bluspring completed the acquisition of 100% of LSG Sky Chefs India’s Bengaluru operations for ₹129 crore in August 2026, marking its entry into the aviation catering sector.
Subsidiary

STEAG Energy Services India

Acquired in -

2026

Current Company -

Bluspring

Power plant O&M, engineering and digital solution

  • Acquired 100% of STEAG India for paid-up capital of ₹180 crore, expanding the company’s presence in India and Botswana.
Subsidiary