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Quess' Staffing Business adds 23,000 associates effective April 2019

Posted On: 2019-04-09 09:19:16

Quess Corp' Staffing business has successfully converted its strong sales pipeline to contracts with few customers effective from 1st April 2019. This would facilitate Quess to onboard ~23,000 associates. These active deal conversions are expected to benefit the company across its core operating and financial metrics.

Quess operates the largest Staffing Company in India. Post the complete execution of these contracts, the Staffing business shall have an associate strength of over 215,000 employees, thereby further strengthening its leadership position in this space. The Company has a Pan-India presence across 65 offices and works with over 800 clients across sectors such as: Retail, BFSI, FMCG & FMCD, Telecom, ECommerce & Logistics, and Manufacturing & Agro etc.

Commenting on the deal, Group CEO & ED Mr. Subrata Nag said that, "We are very excited and optimistic about the prospects of our Staffing business. The robust addition in associates is a testament to Quess' strong execution capabilities. We are hopeful that the current deals would open up more such opportunities for Quess in the future."

Shares of Quess Corp Ltd was last trading in BSE at Rs.723 as compared to the previous close of Rs. 710.95. The total number of shares traded during the day was 4672 in over 386 trades.

The stock hit an intraday high of Rs. 732.4 and intraday low of 672. The net turnover during the day was Rs. 3330532.


Source: Equity Bulls

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