Quesscorp

2019 has been one of the most challenging years: Madhavan Menon, Thomas Cook India

When we acquired Quess Corp in 2013, nobody anticipated the sort of trajectory that both Quess and Thomas Cook would take between 2013 and 2018. Both Quess and Thomas Cook made several acquisitions; Quess went and did an IPO, as a result of which both Fairfax and us agreed that it was time that both of us went with our own trajectories, primarily because we were creating confusion in the market when we were reporting our results. At the same time, Quess’s strategic vision was completely different from ours in that they are in a completely different industry and that is a Greenfield industry, whereas ours is a more mature industry.

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