Latest news with #QuessCorp
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Business Standard
3 days ago
- Business
- Business Standard
Quess Corp throws its hat in GCC business to tap $105 bn market by 2030
The new business line, named Origint, will provide end-to-end services to help GCCs set up, scale, and operate high-performance centres across India and key international markets Avik Das Bengaluru Listen to This Article Quess Corp, a staffing and workforce solutions company, is setting up a dedicated business line for global capability centres (GCCs) as it aims to expand its presence in high-margin businesses and capture a share of a market expected to be worth $105 billion by 2030. The new business line, named Origint, will provide end-to-end services to help GCCs set up, scale, and operate high-performance centres across India and key international markets. 'Global enterprises are increasingly seeking more than mere cost savings – they want speed, innovation, and efficiency at scale,' said Guruprasad Srinivasan, chief executive officer and executive director of
Economic Times
3 days ago
- Business
- Economic Times
Staffing firm Quess Corp announces 'Origint' business line for GCCs, offering end-to-end services
Staffing and workforce solutions provider Quess Corp on Tuesday announced a new business line, focusing on the growing demand for Global Capability Centres (GCCs). The Fairfax Group-controlled firm said it aims to address inefficiencies and reduce intermediaries in setting up operations in India by offering a single-window solution to global clients under umbrella service will offer a comprehensive solution that includes blueprinting for a GCC, which is identifying what specific tasks or outcomes the client wants from its office in India. Other services such as real estate, infrastructure management, digital on-baording, AI powered hiring and managing operations for these firms will all be facilitated by firm said it has already onboarded an US-based healthtech company and helped in setting up end-to-end operations in Hyderabad. A few other clients are in the pipeline with a target of four to five GCCs for 2025, said CEO Guruprasad Srinivasan of Quess. The firm said it is in talks with enterprises from the Middle East, Japan and Singapore for setting up GCC using Origint."Global enterprises are increasingly seeking more than mere cost savings - they want speed, innovation, and efficiency at scale," Srinivasan added. The company said the next wave of enterprise growth in India will be driven by firms from the US, Southeast Asia, the Middle East, and Europe. The focus being on healthcare, banking and telecom country currently hosts over 1,700 GCCs with 120 new centres launched in 2024. The GCC market is projected to reach $105 billion by 2030, employing over 24 lakh individuals. Srinivasan said Quess expects the new vertical 'GCC as a service' to significantly boost its earnings and anticipate a headcount growth of around 500-750 in the subsequent quarters. The firm said 70% of its revenue is generated from servicing GCCs. "With Origint and in partnership with our demerged entities - Digitide for Al-first digital solutions and Bluspring for infrastructure management, and other key external global partners, we are making a bold bet on the future of GCCs,' said Lohit Bhatia, President- Workforce Management at Quess. He added that the single window service will help fill the execution gap and over dependence on tier two and three suppliers, extensively reducing markup costs.
Time of India
3 days ago
- Business
- Time of India
Staffing firm Quess Corp announces 'Origint' business line for GCCs, offering end-to-end services
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Staffing and workforce solutions provider Quess Corp on Tuesday announced a new business line, focusing on the growing demand for Global Capability Centres (GCCs).The Fairfax Group-controlled firm said it aims to address inefficiencies and reduce intermediaries in setting up operations in India by offering a single-window solution to global clients under umbrella service will offer a comprehensive solution that includes blueprinting for a GCC, which is identifying what specific tasks or outcomes the client wants from its office in India. Other services such as real estate, infrastructure management, digital on-baording, AI powered hiring and managing operations for these firms will all be facilitated by firm said it has already onboarded an US-based healthtech company and helped in setting up end-to-end operations in Hyderabad. A few other clients are in the pipeline with a target of four to five GCCs for 2025, said CEO Guruprasad Srinivasan of Quess. The firm said it is in talks with enterprises from the Middle East, Japan and Singapore for setting up GCC using Origint."Global enterprises are increasingly seeking more than mere cost savings - they want speed, innovation, and efficiency at scale," Srinivasan company said the next wave of enterprise growth in India will be driven by firms from the US, Southeast Asia, the Middle East, and Europe. The focus being on healthcare, banking and telecom country currently hosts over 1,700 GCCs with 120 new centres launched in 2024. The GCC market is projected to reach $105 billion by 2030, employing over 24 lakh individuals. Srinivasan said Quess expects the new vertical ' GCC as a service ' to significantly boost its earnings and anticipate a headcount growth of around 500-750 in the subsequent quarters. The firm said 70% of its revenue is generated from servicing GCCs."With Origint and in partnership with our demerged entities - Digitide for Al-first digital solutions and Bluspring for infrastructure management, and other key external global partners, we are making a bold bet on the future of GCCs,' said Lohit Bhatia, President- Workforce Management at Quess. He added that the single window service will help fill the execution gap and over dependence on tier two and three suppliers, extensively reducing markup costs.
Business Upturn
4 days ago
- Business
- Business Upturn
Quess Corp launches Origint to support growth of Global Capability Centers
By Aman Shukla Published on June 3, 2025, 13:51 IST Quess Corp, a major player in India's staffing and workforce solutions industry, has introduced a new business line called Origint – Powered by Quess. This service is designed to support global enterprises in establishing, expanding, and managing capability centers in India and other key international locations. India currently hosts over 1,700 Global Capability Centers (GCCs), with 120 new centers launched in 2024 alone. These GCCs have driven a 17% year-on-year increase in the tech workforce, adding approximately 180,000 jobs in 2024. The GCC market in India is expected to grow significantly, with projections reaching $105 billion by 2030 and an employment base of 2.4 million professionals. The role of GCCs is shifting from purely cost-efficient operations to becoming strategic hubs focused on innovation. Origint aims to address this evolution by offering a comprehensive, end-to-end solution. This includes services such as strategic planning, regulatory compliance, real estate and infrastructure management, digital onboarding, AI-powered recruitment, and operational management tailored to the needs of global companies. The solution supports various types of capability centers, including shared service hubs, technology delivery centers, research and development units, and customer experience operations. Quess Corp operates in 28 cities across India and seven international markets, providing strong regional expertise that benefits enterprises looking to expand their presence in India and abroad. The company has experience supporting multiple industries such as IT, banking and financial services, engineering, telecommunications, manufacturing, and retail through its capability center offerings. With the launch of Origint, Quess Corp aims to become a reliable partner for companies seeking scalable, future-ready infrastructure to support their global capability center strategies. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
21-05-2025
- Business
- Business Standard
TeamLease Services posts 27% profit rise as staffing demand grows
TeamLease Services has posted a 27 per cent jump in its fourth-quarter profit, owing to steady demand for staffing solutions across various sectors. For the quarter ending 31 March, the company's consolidated net profit climbed to ₹34.96 crore (approximately $4.09 million), up from ₹27.48 crore in the same period last year. The rise in recruitment across industries like consumer goods and telecom gave a strong push to TeamLease's core general staffing business. Revenue from the general staffing segment—which makes up more than 91 per cent of the company's total income—grew by 17 per cent. Meanwhile, its smaller specialised staffing division, which includes IT staffing, also saw an 8 per cent rise in revenue. Overall, the company's total revenue increased by 17.5 per cent, reaching ₹285.8 crore. Earlier this week, rival firm Quess Corp reported a 61 per cent increase in its quarterly pre-tax profit. Q3 revenue of TeamLease Services In Q3, the company's profit after tax (PAT) stood at ₹28.43 crore as compared to ₹31 crore a year ago. Its revenue from operations stood at ₹2,921.27 crore as compared to ₹2,445.36 crore a year ago. According to the filing, at the group level, the company added 3,000 employees to the headcount. Revenue grew by 4 per cent quarter-on-quarter (Q-o-Q) and 19 per cent year-on-year (Y-o-Y). TeamLease Services is a people supply chain company offering a range of solutions to employers for their hiring, productivity, and scale challenges. TeamLease also operates India's Skill University and India's fastest-growing PPP Apprenticeship Program, which offers employment-oriented multi-level programs. The company offers solutions to large, medium, and small clients across the 3Es of Employment (around 350,000 associates/trainees), Employability (over 750,000 students), and E-workforce (over 1,000 employers).
