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India – Quess Corp kicks off year with two acquisitions

02 January 2018

Quess Corp, a Bengaluru, India-based staffing provider, acquired a 100% stake in Master Staffing Solutions Private Limited, also based in Bengaluru with reported revenue of INR 1.40 billion (USD 21.9 million) in the fiscal year 2017.

The deal is set to be completed by 31 January.

Master Staffing Solutions has a headcount of more than 9,500 and provides mobilization, training and deployment of human resources for Manipal Integrated Services Private Limited, a provider of facility management, catering, security and student living services across Chennai, Delhi and Mumbai.

Separately, Quess Corp also announced the acquisition of a 70% stake in Golden Star Facilities and Services Private Limited. Golden Star is a facilities management company based in Hyderabad. It has a workforce of more than 8,000 and reported revenue of INR 1.23 billion (USD 19.3 million) in the 2017 fiscal year. 60% of the firm is being sold by Manipal Integrated Services and 10% of the firm is being sold by Managing Director, Anita Verghese.


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