Staffing Company Quess Corp Elevates Lohit Bhatia as CEO
Quess Corp, a company specializing in staffing solutions, has promoted Lohit Bhatia from his current position as President of India and Global Operations to the roles of Chief Executive Officer (CEO) and Key Managerial Personnel (KMP), effective January 1, 2026.
Bhatia boasts a rich professional experience spanning more than 28 years in industries such as Textiles, Auto Components, and Services, specializing in sales, business development, and extensive manpower outsourcing.
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In 2011, he commenced his tenure at Quess Corp as General Manager, Sales (Staffing), eventually progressing to oversee India & Global Operations, where he successfully expanded the Staffing division's workforce from 13,000 to well over 480,000 associates.
He collaborated closely with the Professional Staffing teams to attain double-digit profit margins and establish a business with a Rs.100-crore EBITDA run-rate.
Additionally, he spearheaded the global expansion effort through strategic mergers and acquisitions in the Middle East, Singapore, and Sri Lanka, regions that currently account for approximately 20 percent of the company's EBITDA, as stated in the company's disclosure to exchanges.
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Guruprasad Srinivasan, Executive Director, Quess Corp says, “Lohit has been driving Quess’s growth journey to scale to over 4.8 lakh associates and shaping our leadership position in India’s staffing industry”.
Lohit Bhatia, CEO, Quess Corp says, “With India’s new labour codes accelerating formalisation, Quess stands at a powerful inflection point in its journey towards global leadership. I am honoured to take on the role of CEO at this moment of national and organizational transformation”.
Quess Corp's stock price has dropped to Rs.206.4, marking the lowest point in the past year and a significant decrease from its highest point of Rs.384.92 over the last 52 weeks. In the past year, the stock has shown a negative return of -41.95 percent, in stark contrast to the Sensex's positive performance of 5.34 percent during the same timeframe.
This difference emphasizes the stock's underperformance compared to the overall market. Analyzing the financial results of the company from the previous five years shows a consistent decrease in annual operating profit growth rate of -8.88 percent, indicating limited growth in the main earnings.
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This extended pattern has led to the underwhelming market value and price movement of the stock. In the short run, the company has experienced a decrease of 3.5 percent in profits in the last year, which corresponds with the negative performance of the stock. However, Quess Corp has managed to keep a low debt-to-equity ratio of 0.09 times on average, showcasing a cautious approach to its capital structure compared to other similar companies.
Despite facing difficulties in stock price, Quess Corp announced favorable outcomes for the nine-month period ending in September 2025. The company achieved a Profit After Tax (PAT) of Rs.166.82 crores during this time, marking a growth rate of 20.45 percent.