QUESSNSEQuess Corp LimitedLowNeutral
Announced Thu, 3 Jul · 10:50 IST

Quess Corp Limited has informed the Exchange regarding a press release dated July 03, 2025, titled "Quess Corp Joins the ONDC Network to Offer 2mn Jobs".

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Quess Corp has become the first company to join the Open Network for Digital Commerce (ONDC) as an Anchor Network Participant in the Work Opportunities domain. Through its blue and grey collar job platform 'Hamara Jobs,' Quess will add over 5 lakh (500,000) verified job listings annually to the ONDC network, with an eventual goal of offering 2 million jobs. The integration aims to connect job seekers with recruiters across India, especially in Tier II, Tier III, and rural regions, focusing on sectors like logistics, retail, and field services. This move addresses India's fragmented job market, where over 450 million blue and grey collar workers face challenges like poor verification and skill-job mismatch. Post the April 2025 demerger, Quess is repositioned as a pure staffing company with AI-driven digital platforms and serves over 3,000 clients with a workforce of about 4,59,000 across 8 countries.

Likely market impact

This strategic partnership strengthens Quess Corp's digital platform business and opens new growth avenues, particularly with the MSME segment. The collaboration with a government-backed network could enhance job listing volumes, revenue potential from placements, and reinforce Quess's leadership position in India's staffing industry, likely viewed positively by investors.