Deal Street

February 05, 2018

Quess Corp Acquires Recruitment Firm Monster In India, Ors For $14 Million


azb&partners

Quess Corp, the billionaire business service provider acquired the business of online career and recruitment firm Monster in India, West Asia and Southeast Asia for about Rs 89.83 million. Moreover, the company also acquired HCL Infosystems Ltd’s after-sales services business for consumer electronics and mobile phones amounting to Rs 30 crore which sums upto 70 percent of the national and international brands as customers in the country.

The company remarked that the deal fits in its workforce management solution, which it offers to global and local clients in the region.

Quess Corp Limited was advised by AZB & Partners with a team led by Partners Divya Mundra and Ami Parikh and Senior Associates Puneet Parihar, Himanshoo Tembe, Veena Dsouza.

Commenting on the acquisition, Ajit Isaac, Chairman of Quess Corp said, "While the Monster acquisition complements Quess's market leading presence in the HR services space by establishing end-to-end offerings across the employee lifecycle management space, the acquisition of Care Business will augment our services capability in the customer lifecycle management space."

Mr. Sanjay Modi, Managing Director, Monster.com (APAC & Gulf) said, “This is truly a significant milestone for us. It gives Monster (in APAC & Gulf) the opportunity to connect more people to more jobs. Quess’ market leading presence will help enhance our capability to build and implement new and innovative technology platforms to gain edge over competition and hence become a market leader in each of our operating geographies.”

As a part of the deal, Quess will retain the Monster brand in these regions and gets a database of around 85 million resumes while rebranding HCL Services and look to emerge as a partner for servicing products of large national player.

Quess Corp Limited is India’s leading integrated business services provider. Quess is committed to providing world-class customer experiences while continuously working towards creating better lives. Monster is a global leader in connecting people and jobs. For more than 20 years, Monster has helped individuals find better jobs, and employers find the best talent.

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