Infrastructure services company Bluspring Enterprises draws up an ambitious growth plan
The demerged entity from Quess Corp sees India as a key growth market and is building its existing base while also scouting for new opportunities.
Bluspring Enterprises, one of the leading infrastructure management services companies in India, is eyeing a 3x growth over the country’s GDP growth rate, and has laid out ambitious growth plans to achieve the goal.
The company, which has over 90,000 employees, provides a range of services across five verticals: facility management, food & hospitality, security, engineering asset management focused on the energy segment, and telecom networks.
The facility management and food services business is the largest segment for Bluspring, employing around 56,000 people with a presence in over 3,600 sites.
Facility management involves providing services such as housekeeping, plumbing, and general maintenance for offices. Under food services, the company manages the whole process of providing meals for canteens and cafeterias. It produces almost 3 lakh meals every day via kitchens across five metros.
In the security services business, working under the brand name Terrier, Bluspring has 23,000 personnel engaged with over 450 customers.
Hofincons, the brand for its engineering asset management, has around 6,500 technical professionals focused on the energy segment, handling activities such as operation & maintenance of machinery and installation.
The company is also engaged with all the leading telecom operators in the country for network deployment and maintenance.
Wide reach
In each of these verticals, Bluspring has a clear growth roadmap as it looks to achieve not only higher revenues but also improve profitability.
In an interaction with EnterpriseStory, Kamal Pal Hoda, Executive Director & CEO, Bluspring Enterprises said, “We want to grow 3x of our country’s GDP growth rate. If the GDP is growing around 7% then we would like to achieve 20-21% growth.”
Today, Bluspring serves over 1,000 clients across sectors such as healthcare, education, BFSI, IT, manufacturing, industrial operations, telecom, commercial real estate and government institutions.
The company was listed on the Indian stock exchanges in June last year following its demerger from Quess Corp. At the time of listing, it had spelt out three key priorities.
First, take its earnings before interest, taxes, depreciation and amortisation (EBITDA) margins to 6% in the next three to four years. Second, hyper-scale its businesses, and third, achieve a 20% return on equity.
For the nine months of FY26, Bluspring reported a revenue of Rs 2,517 crore, at a 12.5% growth compared to the similar period in FY25. However, the company reported a loss of Rs 25.62 crore for this period, compared to a loss of Rs 150 crore registered in the previous year.
The loss was due to demerger costs and investments in tech and leadership.
Hoda is keen to turn things around with larger contracts, diversified lines, and acquisitions.
Growth plans
Each of Bluspring’s business verticals has its own growth plans.
For instance, in the facility management and security businesses, Bluspring is eyeing contracts worth over Rs 10 crore. In the facility management and food business, the company has added sports & leisure as a vertical as it believes it has strong growth potential and is complementary to the business.
“We want to increase the wallet share in all our major accounts,” said Hoda, adding that Bluspring wants to become a one-stop-shop for all kinds of services.
The telecom segment is witnessing a bit of a slowdown after the rapid rollout of 5G networks, with telecom operators not on any major expansion drive. But Bluspring believes it can make a significant impact in the sector with its expertise in smart meter installation.
Under the National Smart Grid Mission, the government plans to install 25 crore smart electricity meters, which are IoT enabled and technologically advanced.
In March this year, Bluspring had announced the acquisition of STEAG Energy Services India, strengthening its hold in the power infrastructure market. This acquisition is expected to help the company improve its profit margins; it also gives it an entry into the markets of Middle East and Africa. In April 2026, the company also acquired LSG Sky Chefs (India) Private Limited marking its entry into the aviation catering sector.
Bluspring has a history of acquiring small businesses in facility management and food services. Acquisitions include security guard business Terrier and facility management company Avon. Hoda said the company nurtured these small businesses into operations of national scale.
On the company’s digital footprint, Hoda said Bluspring is focused on three aspects: enabling services for clients digitally, digital initiatives for employees, and a digital framework to get an overview of all operations.
He believes digital tech is the backbone of Bluspring’s operations as it strives to improve efficiency and lower costs.
The company is looking to garner more business from its existing customer base, especially large companies present across multiple cities to provide soft services like facility management and go all the way up to managing machinery.
Bluspring’s top priority is India given the large infrastructure investments across the country. The company is building its sales and leadership capabilities to serve the market.
Hoda believes Bluspring will add Rs 1,000 crore in additional revenue in FY27 and cross Rs 3,300 crore in FY26.
“Next year (FY27) will be defining for us, and will do justice to the scale and size that we have created for ourselves,” Hoda remarked, referring to the company’s vast operations with over 90,000 employees.
Edited by Swetha Kannan