TeamLease Services Limited , one of India's leading staffing companies, has announced its ambitious plan to become the world's largest staffing company by workforce. The company is strategically positioning itself for significant growth and expansion in the coming years.

Growth Strategy

TeamLease is focusing its growth strategy on three key areas:

1. GCC-supported specialized staffing
2. Degree apprenticeships
3. Digital HR technology

The company views itself as having a strong and scalable cash-loaded platform designed for profitable growth. This strategy aligns with TeamLease's vision of "Putting India to Work" and its long-term goal of becoming the largest private sector employer in India.

Q1 Financial Performance

TeamLease has released its financial results for the first quarter, showing resilience in the face of macroeconomic challenges:

• Total revenue increased by 12% year-on-year to Rs. 2,904.00 crores
• Operating revenue grew by 12.1% to Rs. 2,891.00 crores
• EBITDA saw a significant rise of 39.1% to Rs. 31.00 crores
• Profit after tax (PAT) increased by 29.2% to Rs. 25.00 crores

Operational Highlights

The company reported several key operational achievements for the quarter:

• Total headcount reached 351,000, a 5.8% increase year-on-year
• General Staffing grew by 4.5% to 295,270 employees
• Degree Apprenticeship program saw a robust growth of 15.7% to 49,000 participants
• Added approximately 5,000 new associates, including 110 in specialized staffing
• Secured 118 new client logos during the quarter

Segment Performance

General Staffing

• 5% year-on-year headcount growth
• 11% revenue increase
• 44 new logos added, with over 60% under the variable model

Degree Apprenticeship (DA)

• Net addition of 1,700 headcount
• 14 new logos added
• 22% of total clients have fully adopted learning solutions

Specialized Staffing

• 22% year-on-year gross revenue growth (13% organic growth)
• 110 net additions, including 20 from TLD Singapore
• Global Capability Centers (GCC) segment contributes 46% of headcount and 64% of net revenue
• Now serving 75 GCC clients, with high activity in BFSI, Healthcare, HiTech, and Engineering sectors

HR Services

• Managing over 3.5 lakh monthly records in HCM business
• QoQ EBITDA impacted by seasonality in EdTech business

Management Commentary

Ashok Reddy, Managing Director of TeamLease Services Limited, commented on the results: "Despite persistent macro-economic headwinds affecting the BFSI and IT services verticals, we have delivered notable EBITDA growth on a year-on-year basis. Resilient demand from enterprise clients and tech profiles in Non-tech companies and Global Capability Centers have helped sustain the growth momentum."

Reddy added, "With a sharp focus on operational efficiency, diversified service mix, and financial discipline, we are gearing up for a steady profit expansion trajectory for the remainder of the fiscal year and delivering value to all stakeholders across business cycles."

Looking Ahead

As TeamLease pursues its goal of becoming the world's largest staffing company by workforce, the company's strategy of focusing on GCC-supported specialized staffing, degree apprenticeships, and digital HR technology appears to be yielding positive results. With its strong financial performance and operational growth, TeamLease is positioning itself as a major player in the global staffing industry.

The company's commitment to putting India to work, coupled with its expanding range of services and growing client base, suggests that TeamLease is well-positioned to capitalize on the evolving employment landscape and continue its growth trajectory in the coming years.

TeamLease Services Limited (NSE: TEAMLEASE, BSE: 539658), one of India's leading staffing companies, has announced significant changes to its leadership team. The company disclosed these updates in a regulatory filing to the stock exchanges on July 31, 2025.

Resignation of CEO-Staffing

Kartik Narayan, who has been serving as the Chief Executive Officer - Staffing, has tendered his resignation. Narayan will be stepping down from his position to pursue new opportunities outside of TeamLease. His last day with the company will be September 11, 2025.

Expanded Role for CFO

In a strategic move, the company has announced that Ramani Dathi, the current Chief Financial Officer (CFO), will be taking on additional responsibilities. Effective August 1, 2025, Dathi's designation will change to Chief Operating Officer & Chief Financial Officer, combining two crucial roles within the organization.

Ramani Dathi's Background

Ramani Dathi has been an integral part of TeamLease for over 11 years. Her expanded role recognizes her significant contributions to the company's growth and success. Some key highlights of Dathi's career at TeamLease include:

• Led the company's Initial Public Offering (IPO) process
• Played a pivotal role in business expansion through mergers and acquisitions
• Contributed to strategic leadership initiatives

Dathi is a qualified Chartered Accountant and Cost Accountant with more than 19 years of professional experience. Before joining TeamLease in 2014, she worked with renowned firms such as Deloitte and PricewaterhouseCoopers in audit and assurance services.

Company's Performance

While the leadership changes are significant, TeamLease Services continues to show strong performance in the staffing sector. In its recent financial results for Q1 FY26 ending June 30, 2025, the company reported:

Management Comment

Ashok Reddy, Managing Director of TeamLease Services Limited, commented on the company's performance, stating, "Despite persistent macro-economic headwinds affecting the BFSI and IT services verticals, we have delivered notable EBITDA growth on a year-on-year basis. Resilient demand from enterprise clients and tech profiles in Non-tech companies and Global Capability Centers have helped sustain the growth momentum."

The leadership changes at TeamLease Services come at a time when the company is focusing on operational efficiency, diversifying its service mix, and maintaining financial discipline. As the staffing industry continues to evolve, these strategic moves are likely aimed at positioning TeamLease for continued growth and success in the dynamic human resource management sector.