About TeamLease Services Limited

TeamLease Services Limited is one of India’s leading providers of workforce and talent solutions, incorporated in 2000 and listed on NSE and BSE since 2016, with its corporate headquarters in Bangalore and operations spanning general staffing, digital/IT staffing, apprenticeships, compliance, payroll, and edtech-enabled learning services. With over two decades of operations, the company has hired 24 lakh individuals since inception, serves about 4,000 clients, and manages approximately 3.5 lakh associates and trainees on payroll, while also enrolling about 7 lakh students in employability programmes, reflecting its mission of “Putting India to Work”. The company operates India’s first National Skill University via a PPP model and introduced India’s first Degree Apprenticeship programme in FY 2015 to blend classroom learning with paid work experience for 10th/12th pass youth. Its service suite includes Staffing Services, Hiring Services, Learning Services, Degree Apprenticeship, Compliance Services (RegTech), and Infrastructure Assets Management, supported by offices across key Indian cities and international presence in Singapore and Dubai through specialised staffing expansion.

Operating geographies and structure: TeamLease maintains offices in Ahmedabad, Bangalore, Bhubaneshwar, Chennai, Dehradun, Delhi, Gurugram, Hyderabad, Kolkata, Lucknow, Mumbai, Pune, Noida, Vijayawada, Kollam, and Indore, with international offices in Singapore and Dubai tied to specialised staffing growth initiatives. As of March 31, 2025, the group comprises six subsidiaries, one joint venture, and one public‑private partnership: Subsidiaries — TeamLease Foundation, TeamLease Digital Private Limited, TeamLease HRTech Private Limited, TeamLease Edtech Limited, TeamLease RegTech Private Limited, and TSR Darashaw HR Services Private Limited; Joint venture — Crystal HR and Security Solutions Private Limited; PPP — TeamLease Skills University. Key milestones include listing in 2016; acquisitions in IT staffing (ASAP Info Systems, Nichepro) and later expansions via Avantis/RegTech stakes, Ecentric/IMSI verticals, surrendering PF trust for EPFO migration, and in FY 2024‑25 acquiring 90% of TSR Darashaw and 30% of Crystal HR to enter HRTech and managed payroll at scale.

TeamLease Services Limited Business Segments

• Revenue scale: Consolidated revenue from operations for FY 2024‑25 was Rs 11,155.87 crore, up from Rs 9,321.53 crore in FY 2023‑24, with net profit of Rs 110.47 crore for FY 2024‑25; standalone revenue was Rs 10,236.29 crore with PAT of Rs 96.10 crore for FY 2024‑25.

• Headcount: Associate employees as at March 31, 2025 were 3,46,070, including 47,300 NETAP trainees, versus 3,10,030 (including 44,800 NETAP trainees) in the prior year, indicating expansion in general staffing and apprenticeships.
  

TeamLease Services Limited Key Management

• Narayan Ramachandran — Non‑Executive Chairman; re‑designated Non‑Executive, Non‑Independent Director from July 08, 2025; previously Lead Independent Director.

• Ashok Reddy — Managing Director & CEO.

• Manish Sabharwal — Whole Time Director & Executive Vice Chairman.

Latest Updates on TeamLease Services Limited

• Acquired 90% stake in TSR Darashaw HR Services Private Limited on December 20, 2024, adding a scaled managed payroll and outsourcing platform with a strong BFSI client base and four decades of operations expertise.

• Acquired 30% stake in Crystal HR and Security Solutions Private Limited (Wallet HR) on January 06, 2025, securing access to a comprehensive hire‑to‑retire HRTech suite serving over 3 lakh users and more than 400 customers across multiple countries.

• TeamLease Digital advanced international expansion by acquiring Ikigai Enablers Pte. Ltd. in Singapore to strengthen advisory and Asia‑Pacific presence, and initiated in‑house HireTech platform development to digitise recruitment with AI/automation.

• General staffing added net 25,000 headcount (~9% growth), with 37% additions from new client acquisitions; consolidated revenue grew ~21% YoY amid recovery in consumer businesses and strength in e‑commerce/quick commerce and telecom.

• Maintained a healthy free cash balance of over Rs 300 crore and invested about Rs 36 crore during the year, including working commitments, to support technology and strategic initiatives.