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India – Quess Corp. buys remaining 30% stake in customer life cycle management firm

20 April 2021

Quess Corp. Ltd. (QUESS:NSI) acquired the 30% stake in Conneqt Business Solutions Ltd. that it did not own from Tata Sons Private Ltd. for INR 2.08 billion (USD 27.8 million). Quess, a staffing firm based in Bengaluru, India, previously acquired a 70% stake in Conneqt from Tata in January. The deal makes Conneqt a wholly owned subsidiary of Quess.

Conneqt provides customer life cycle management and business process management. The acquisition of the 30% stake was completed on 16 April 2021.

Conneqt has more than 120 clients in India, the US, UK and the Middle East. It operates 21 delivery centres in India and had more than 29,000 employees on 31 December.

Revenue at Conneqt in its 2020 fiscal year was INR 9.76 billion (USD133.2 million).