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Quess Corp divests Qdigi Services to Onsitego

08 February 2024

Quess Corp Ltd, the Indian staffing firm, announced this week it has agreed to divest its wholly-owned subsidiary, Qdigi Services Limited, to Onsitego, an India-based device-care provider.

Qdidi is an after-sales service provider for consumer products like mobile phones, electronics and durables with an extensive service network across India.

As part of the transaction, the entire team and business of Qdigi will be transferred to Onsitego. Quess will receive total cash consideration of INR 800 million (USD 9.6 million), subject to customary closing adjustments.

Quess will also be acquiring a minority stake in Onsitego. The transaction is expected to be completed over the next 2-3 months.

For Quess, the transaction is aligned to the company’s overall strategy of corporate structure simplification. Qdigi’s capabilities will also highly complement the device protection business of Onsitego and will allow the company to enrich its customer service experience and also open up new areas of growth.

Quess Corp acquired Qdigi Services in 2018 and became part of its Product Led Business segment.

Onsitego is a device care company for digital devices, consumer electronics, and home appliances.

Guruprasad Srinivasan, executive director and CEO, Quess Corp Ltd, said, “In line with the corporate structure simplification process of business lines, we have divested our stake in Qdigi. Quess Corp helped Qdigi team to scale and create an unparalleled pan India customer reach and service capabilities. We believe that going forward the Qdigi business is hugely complimentary to the offerings of Onsitego, while Onsitego will provide the platform for the next level of growth in Qdigi business.”

Deven Sharma, CEO, Qdigi Services Ltd., said, “Being a part of the Quess family since 2018 has helped us build scale by leveraging Quess’ platform and the management expertise. Integration of Qdigi services with Onsitego will help both businesses accelerate growth and create a more enriching service experience for our customers.”

Kunal Mahipal, Founder & CEO, Onsitego said, “The acquisition of Qdigi will further add to our service capabilities and market offerings. While we will expand Qdigi’s existing relationships, we are also looking to target new OEM (original equipment manufacturer) partners and retailers to accelerate growth. I am sure together we will be able to create India’s largest and the most customer-obsessed service company.”

Earlier this month Quess Corp reported revenue from operations increased by 8.4% year-over-year in its fiscal third quarter ended 31 December.