Quess Corp has made two recent acquisitions. It had acquired 46 percent in Heptagon Tech for Rs 9.77 crore and 51 percent stake in Singapore's Comtel Solutions.
In an interview to CNBC-TV18, Ajit Issac, CMD & CEO of the company explains the rationale as well as the future potential of these acquisitions.
“We think that this is Earnings before interest, tax, depreciation and amortization (EBITDA) and profit after tax (PAT) accretive to our company,” he said.
The company has done 16 acquisitions in the last five-six years. “We have consistently grown through a combination of organic and inorganic initiatives. Inorganic growth contributed 25-30 percent of total sales”, he further said.
Speaking about new acquisitions, he said that, “As and when new opportunities will keep coming up in areas that we don't have operations, we will look at new investments.”
According to him, there is potential to add another 40-50 basis points (bps) of EBITDA margin to the company. He is hopeful to reach about 6 percent. He expects the company to grow by about 20 percent originally.
Quess Corp is an integrated business services provider. It provides human resource solutions.For full discussion, watch video...