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.

TeamLease Services Limited , one of India's leading staffing companies, has announced its financial results for the first quarter of fiscal year 2026, demonstrating resilience in the face of sector-specific headwinds. The company reported significant year-on-year growth in key financial metrics, while also unveiling changes in its senior management.

Financial Highlights

For the quarter ended June 30, 2025, TeamLease Services posted the following consolidated results:

• Total revenue increased by 12% year-on-year to Rs. 2,904.00 crores
• EBITDA grew by 39% year-on-year to Rs. 31.00 crores
• Profit after tax (PAT) rose by 29% year-on-year to Rs. 25.00 crores

However, on a sequential basis, the company experienced a decline in profitability:

• EBITDA decreased by 35% quarter-on-quarter
• PAT fell by 34% compared to the previous quarter

Operational Performance

Despite challenges in the BFSI and IT services sectors, TeamLease demonstrated growth in its workforce:

• Total headcount reached 351,000, adding approximately 5,000 employees during the quarter
• Year-on-year increase of 19,000 associates
• General Staffing contributed 295,270 headcount with 11% revenue growth year-on-year
• Specialized Staffing added 110 net employees

The company's client base also expanded, with 118 new logos added during the quarter.

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."

Segment Performance

Management Changes

TeamLease Services also announced significant changes in its senior management:

1. Mr. Kartik Narayan, Chief Executive Officer - Staffing, has resigned effective September 11, 2025, to pursue new opportunities outside the company.

2. Ms. Ramani Dathi, currently serving as Chief Financial Officer, will take on the additional role of Chief Operating Officer effective August 1, 2025.

Financial Position

The company maintains a strong financial position with net free cash of Rs. 300.00 crores, excluding TDS refundable of approximately Rs. 300.00 crores.

As TeamLease Services navigates through sector-specific challenges, its focus on operational efficiency and diversified service mix appears to be yielding positive results. The company's ability to grow its workforce and expand its client base in a challenging environment demonstrates its resilience and market position in India's staffing industry.