About Teamlease Services Limited
Data last updated:
Teamlease Services Limited is a public limited company based in Bangalore North, Karnataka, India. It specialises in HR outsourcing and talent management, a part of the broader business process outsourcing sector. Incorporated on 02 February 2000, the company has been in operation for over 26 years.
Registered with ROC Bangalore under CIN L74140KA2000PLC118395. Listed on BSE: 539658.
Capital: an authorised share capital of ₹25 Cr and a paid-up capital of ₹16.77 Cr. Formerly known as India Life Chakravarti Actuarial Services Private Limited and Team Lease Services Limited. It is led by directors including Manish Sabharwal and Mekin Maheshwari.
Last AGM: 19 September 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore North, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹11,201 Cr, a growth of 20% compared to the previous year.
The company has a workforce of approximately 244,893 employees as per the latest available data. Its group structure includes 7 subsidiaries.
The company is associated with 5 brands - Apprentices, Teamlease E-Hire, Teamlease Digital, Freshersworld, Teamlease. As per MCA filings, the company has open charges of ₹313.01 Cr and satisfied charges of ₹70.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website teamlease.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressInfinix Square B – 4 B – 5 & B – 6, Hal Industrial Estate Hal Gb Quarters Vibhutipura, Bangalore North, Karnataka, India – 560037
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Teamlease Services
Teamlease Services has undergone 4 name changes throughout its history. The current legal name is Teamlease Services Limited.
| Company Name | Status |
|---|---|
| Teamlease Services Limited | Current |
| India Life Chakravarti Actuarial Services Private Limited | Previous |
| Team Lease Services Limited | Previous |
| Team Lease Services Private Limited | Previous |
| India Life Chakravarti Actuarial Services Pvt Ltd | Previous |
CIN History of Teamlease Services
Teamlease Services has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74140KA2000PLC118395, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74140KA2000PLC118395 | Current |
| L74140MH2000PLC124003 | Previous |
| U74140MH2000PTC124003 | Previous |
| U74140MH2000PLC124003 | Previous |
Associated Brands with Teamlease Services
Teamlease Services operates multiple associated brands including Apprentices, TeamLease e-hire, and TeamLease Digital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Runs an online job board for graduates. | apprentices.in | |
| TeamLease e-hire is an applicant tracking solution provider. | teamleaseehire.com | |
| Provides comprehensive IT recruitment services. | teamleasedigital.com | |
| Online job placement services for fresh graduates are provided. | freshersworld.com | |
| Staffing and recruiting services connect employers with job candidates. | teamlease.com |
Competitors & Alternatives of Teamlease Services
Brands and companies operating in the same space as Teamlease Services Limited include Phenom, Glints, Eightfold and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Phenom | Talent experience management platforms are provided for engagement and recruitment. | Ambler, United States, United States | 2010 |
 Glints | Graduate jobs are matched via an online profile platform. | Singapore, Singapore, Singapore | 2013 |
 Eightfold | An AI platform is provided for talent acquisition and management. | Santa Clara, United States, United States | 2016 |
 Greenhouse | Cloud-based applicant tracking solutions are offered for candidate hiring. | New York, United States, United States | 2012 |
 iCIMS | Talent acquisition software is provided by iCIMS since 2000. | Holmdel, United States, United States | 2000 |
 SmartRecruiters | Cloud-based ATS and hiring platform services are provided. | San Francisco, United States, United States | 2010 |
 HireVue | A video interview platform is operated by HireVue since 2004. | South Jordan, United States, United States | 2004 |
 WayUp | Graduates are matched with entry-level jobs via an online platform. | New York, United States, United States | 2014 |
 Handshake | Graduates are connected to employers via an online job platform. | San Francisco, United States, United States | 2014 |
 JobTeaser | Graduates are connected to job opportunities via an online platform. | Paris, France, France | 2008 |
Business Activity of Teamlease Services
The main business activity of Teamlease Services is administrative and support service activities. In detail, this covers employment activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 78 | Employment activities | Locked |
Business activity turnover details for Teamlease Services Limited
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Teamlease Services
Teamlease Services Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | Locked | Locked | Locked |
Complete auditor history for Teamlease Services Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Teamlease Services Limited
Teamlease Services has 8 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Sabharwal Also directs: Dihea Products India Private Limited, MKS Management Consultancy Services LLP, Lupin Ventures Private Limited and 2 more | Whole-Time Director | 02 Feb 2000 | 26 Years 8 Months | Current |
| Mekin Maheshwari | Director | 09 Jun 2021 | 5 Years 3 Months | Current |
| Meenakshi Nevatia Also directs: Pfizer Limited | Director | 28 Jul 2021 | 5 Years 2 Months | Current |
| Subramaniam Somasundaram Also directs: United Breweries Limited, Honasa Consumer Limited, Life Style International Private Limited and 4 more | Director | 28 Jul 2021 | 5 Years 2 Months | Current |
| Ashok Kumar Nedurumalli Also directs: Ned Consultants LLP, Dihea Products India Private Limited, Teamlease Hrtech Private Limited and 1 more | Managing Director | 03 Sep 2015 | 11 Years 1 Months | Current |
| Narayan Ramachandran Also directs: Uc Investment Management LLP, TVS Capital Funds Private Limited, Uc Inclusive Credit Private Limited and 4 more | Director | 09 Jul 2015 | 11 Years 2 Months | Current |
Financials of Teamlease Services Limited FY 2025 filings available
Teamlease Services Limited reported revenue of ₹11,201 Cr (up 20.00% YoY) for FY 2025.
Ten-year financial statements for Teamlease Services Limited
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Teamlease Services
Shareholding and ownership data for Teamlease Services Limited
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Teamlease Services Limited
Teamlease Services has 7 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Teamlease Hrtech Private Limited | U72200KA2005PTC113117 | Locked |
| Keystone Business Solutions Private Limited | U72200MH2009PTC304689 | Locked |
| Teamlease Digital Private Limited | U74999MH2016PTC283227 | Locked |
| Teamlease Regtech Private Limited | U74999PN2018PTC179553 | Locked |
| I.M.S.I Staffing Private Limited | U74999UR2018PTC008906 | Locked |
| Teamlease Edtech Limited | U80301MH2010PTC211390 | Locked |
Showing major subsidiaries. Total: 7.
Charges & Borrowings of Teamlease Services
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Dec 2023 | Hdfc Bank Limited | ₹150 Cr | Open |
| 08 Jul 2021 | State Bank of India | ₹15 Cr | Open |
| 05 Feb 2021 | Axis Bank Limited | ₹18 Cr | Open |
| 23 Sep 2019 | Others | ₹50 Cr | Open |
| 24 Aug 2017 | State Bank of India | ₹90,000 | Open |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Teamlease Services
Teamlease Services Limited has a workforce of 244,893 employees as of Apr 02, 2024.
Employee and EPFO history for Teamlease Services Limited
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Teamlease Services
GST registrations and filing compliance for Teamlease Services Limited
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Teamlease Services
Credit ratings, litigation, and regulatory alerts for Teamlease Services Limited
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Teamlease Services
MSME payment history for Teamlease Services Limited
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Teamlease Services
Corporate group structure for Teamlease Services Limited
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Teamlease Services
MCA filings and documents for Teamlease Services Limited
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Teamlease Services
Recent News on Teamlease Services
Frequently Asked Questions about Teamlease Services Limited
Teamlease Services is an active public limited company in the business outsourcing sector based in Bangalore North, Karnataka, India. It was incorporated on 02 February 2000 (26+ years old) and is registered under CIN L74140KA2000PLC118395. Listed on BSE: 539658. The company has 244,893 employees.
Teamlease Services reported revenue of ₹11,201 Cr for FY 2025 (up 20.00% YoY).
The current directors of Teamlease Services are:
- Manish Sabharwal - Whole-Time Director
- Mekin Maheshwari - Director
- Meenakshi Nevatia - Director
- Subramaniam Somasundaram - Director
- Ashok Kumar Nedurumalli - Managing Director
- Narayan Ramachandran - Director
- Rajnarayan Ramakrishnan - Director
- Suparna Mitra - Managing Director
The primary industry of Teamlease Services is business outsourcing. The company specifically operates in HR outsourcing and talent management. The company is currently active in this sector.
Yes. Teamlease Services is listed on BSE with code 539658.
Teamlease Services can be reached at the registered office: Infinix Square B – 4 B – 5 & B – 6, Hal Industrial Estate Hal Gb Quarters Vibhutipura, Bangalore North, Karnataka, India – 560037, or through the website teamlease.com.