“We are delighted to have a home-grown leader come on board as the next ED & CEO of the company. Guru’s journey with us as one of the founding members, leadership across businesses during the growth & consolidation phase of Quess and his exceptional track record makes him an outstanding choice to further accelerate our business transformation and shape our culture. His priorities will be to develop our market share, enhance margins through technology adoption and discover value for our shareholders in our digital assets,” said Ajit Isaac, chairman, Quess Corp.
He is one of the founding members of the company, and was the fourth employee of Quess Corp. A Stanford Ignite graduate from the Stanford University Graduate School of Business, he has worked in leadership roles at GE Health, Hewitt Associates and People One Consulting in the past.
“Quess is a very special organization for me with a deep commitment to creating long-term shareholder value, customer delight & continuing a culture of innovation and entrepreneurship. I look forward to working with our exceptional team, to continue the institution building process at Quess, and further enhance the company’s contribution to the societies in which we operate,” said Guru, Group CEO & ED, Quess Corp.
The company also announced its results for the quarter ended December, 2021. Profit after tax was up 94% yoy at Rs 89crore with operating leverage enabling non-linear growth, it said. Revenues were up 31% YoY at Rs 3,685 crore, driven by general staffing (up 34%), IT staffing (up 52%), and IFM (up 30%) .
“We are delighted to report our highest ever Revenue, EBIDTA & PBT. Q3 saw continued opening of the economy, providing tailwinds to our business. We continue to build upon the growth achieved in previous quarters. … We have successfully raised investments in Monster.com validating the progress made in our digital assets,” said Guruprasad Srinivasan. ”We will continue to stay focused on growth, accelerate technology-led delivery, operational efficiencies, and stay optimistic about the times to come as we continue to focus on our goal of hitting and sustaining 20% ROE.”
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Earlier, shares of the company closed 9.5% lower on the NSE on reports that Moraje was expected to step down from his role.
