Draft:Digitide

Digitide Solutions Limited
Company type
Public
NSE: DIGITIDE
BSE: 544413[1]
IndustryBusiness process management (BPM)
Information technology services
FoundedFebruary 10, 2024 (2024-02-10)[2]
HeadquartersBengaluru, Karnataka, India[3]
Area served
Worldwide
Key people
Gurmeet Singh Chahal (CEO and Executive Director)[2]
Number of employees
~55,000 (as of 31 March 2025)[3]
Websitewww.digitide.com

Digitide Solutions Limited is an Indian provider of business process management (BPM), digital, and technology services. An ICRA rating rationale describes the company as having a major presence in sectors including banking and financial services, manufacturing, healthcare and other domains, and lists services such as payroll processing, insurance processing, CRM digitisation, tele-sales support, non-voice BPO services and IT services.[3]

The company became separately listed in June 2025 following the demerger of Quess Corp's global technology solutions business into Digitide and other resulting companies.[1][4]

History

Digitide Solutions Limited was incorporated in February 2024 in Bengaluru.[3][2] A composite scheme of arrangement approved by the National Company Law Tribunal (NCLT), Bengaluru Bench, provided for the transfer of a demerged undertaking from Quess Corp to Digitide from an appointed date of 1 April 2024.[5] Quess Corp announced that 15 April 2025 was fixed as the record date for determining shareholders entitled to receive shares in the resulting companies under the scheme.[6]

Digitide shares listed on 11 June 2025 on the NSE and BSE (NSE symbol DIGITIDE; BSE scrip code 544413).[1][4]

Operations

ICRA describes Digitide as a BPM, digital and technology services provider with operations across multiple locations and a workforce of around 55,000 employees as of 31 March 2025.[3] ICRA also notes that the company's revenues in FY2025 were primarily driven by the BPM segment, while the tech and digital segment experienced a decline due to ramp-down of certain non-core businesses.[3]

Subsidiaries

ICRA states that Digitide holds a 73.39% stake in Alldigi Tech Limited and consolidates multiple entities as part of its consolidated analysis.[3]

Financial performance

ICRA reports FY2025 operating income of ₹2,875 crore and profit after tax (PAT) of ₹108 crore, and an operating profit margin of 14.0% for the same period (figures cited in the rating rationale).[3]

  • Bombay Stock Exchange building, Mumbai
    Bombay Stock Exchange building, Mumbai
  • National Stock Exchange building, Mumbai
    National Stock Exchange building, Mumbai
  • Bengaluru tech park (illustrative)
    Bengaluru tech park (illustrative)

References

  1. ^ a b c "Digitide Solutions, Bluspring Enterprises debut after Quess Corp demerger". Business Standard. 11 June 2025. Retrieved 13 January 2026.
  2. ^ a b c "Information Memorandum: Digitide Solutions Limited" (PDF). Digitide Solutions Limited. 2 June 2025. Retrieved 13 January 2026.
  3. ^ a b c d e f g h "Digitide Solutions Limited: [ICRA]A+(Stable)/[ICRA]A1+ (rating rationale)". ICRA. 2 September 2025. Retrieved 13 January 2026.
  4. ^ a b "Quess Corp subsidiaries Digitide Solutions, Bluspring Enterprises set to list on stock exchanges today". The Economic Times. 11 June 2025. Retrieved 13 January 2026.
  5. ^ "Outcome and financial statements note referencing Scheme (appointed date and NCLT order)" (PDF). Digitide Solutions Limited. 26 June 2025. Retrieved 13 January 2026.
  6. ^ "Quess Corp: Record date intimation for scheme of arrangement" (PDF). Quess Corp Limited. 1 April 2025. Retrieved 13 January 2026.

Category:Business process outsourcing companies of India Category:Information technology companies of India Category:Companies based in Bengaluru Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange

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