Latest news about Teamlease Services
Teamlease Services
1,385.30
+0.50(+0.04%)
Company Performance:
View Company Insights1D+0.04%
1M+8.97%
6M-14.05%
1Y-28.18%
5Y-59.26%
More news about Teamlease Services
21May 26
TeamLease promotes Navin Patil to Head - Human Resources
TeamLease Services Limited has announced the promotion of Mr. Navin Patil to Head - Human Resources effective May 20, 2026. The transition from Deputy Head - Human Resources was formalized on May 20, 2026, as part of an internal realignment. Mr. Patil brings 19 years of experience, having previously worked with Quikr India and Allsec Technologies, and holds a PGCHRM from XLRI.
14May 26
TeamLease Services Files Writ Petition in Karnataka High Court Against EPFO Show Cause Notice of Rs. 1,84,58,42,073/-
TeamLease Services filed a Writ Petition with the Karnataka High Court on May 12, 2026, challenging an EPFO Show Cause Notice dated April 13, 2026, carrying a claim of Rs. 1,84,58,42,073/- including interest. The notice alleges contraventions including investment losses, bond/debenture sale losses, misappropriation of reserves, and unsubstantiated employee-related recoverable amounts. The company disputes the quantum, citing prior clarification from the Regional PF Organisation, and has committed to keeping exchanges informed of material developments.
08May 26
TeamLease Appeals Gujarat HC Against EPFO Order on NEEM Trainee PF Applicability
TeamLease Services filed an appeal with the Hon'ble High Court of Gujarat on May 06, 2026, against an EPFO order under Para 26B of the EPF Scheme, 1952, concerning provident fund applicability on NEEM trainees deployed by TeamLease Skills University (TLSU) for the period July 2014 to June 2022. The order, issued by the Regional Provident Fund Commissioner, Vadodara, does not quantify any financial liability and has been disclosed as a contingent liability under Note 46.7 in the consolidated financial statements for FY25. TLSU is seeking a stay on the order, citing a favourable precedent from the Hon'ble High Court of Madras in an identical NEEM-related matter.
07May 26
TeamLease Services Receives GST Penalty Order of Rs. 32.29 Crores, Plans High Court Challenge
TeamLease Services informed stock exchanges on May 06, 2026 about an Order-in-Appeal from the Commissioner of CGST & Central Excise (Appeals-III), Mumbai, upholding a penalty of approximately Rs. 32.29 Crores under the CGST Act, 2017, related to alleged invoice issuance without underlying supply of manpower services from July 2017 to July 2022. The company contests the allegations, citing valid GST compliance and plans to file a writ petition before the Hon'ble High Court of Karnataka, Bengaluru, while committing to timely disclosure of all material demands going forward.
28Apr 26
TeamLease Services Receives EPFO Show Cause Notice Over Fund Management Issues Worth ₹184.58 Crore
TeamLease Services Limited disclosed receiving a show cause notice from EPFO regarding alleged fund management issues worth ₹184.58 crore. The notice, dated April 13, 2026, alleges investment losses, bond sale losses, and reserve misappropriation. The company disputes the claims and is working with authorities for resolution while maintaining regulatory compliance.
14Apr 26
TeamLease Services Submits SEBI Compliance Certificate for Q4FY26 Dematerialization Process
TeamLease Services Limited filed its mandatory SEBI compliance certificate for Q4FY26 on April 14, 2026, confirming proper dematerialization procedures for the quarter ended March 31, 2026. The filing, supported by KFin Technologies Limited as the Registrar and Share Transfer Agent, demonstrates adherence to Regulation 74(5) of SEBI regulations. The certificate confirms proper handling of securities, listing compliance, and appropriate record-keeping procedures.
20Mar 26
TeamLease Services Announces Postal Ballot Results with Board Leadership Changes
TeamLease Services Limited completed its board restructuring through postal ballot voting with overwhelming shareholder support across all four resolutions. The company appointed Ms. Suparna Mitra as Managing Director & CEO with 97.97% approval, while Mr. Manish Sabharwal transitioned to Non-Executive Director and Mr. Ashok Reddy became Executive Vice Chairman, both receiving 100% approval from participating shareholders.
27Feb 26
Mirae Asset Mutual Fund Increases Stake in TeamLease Services to 7.84% Through Open Market Purchase
Mirae Asset Mutual Fund increased its stake in TeamLease Services Ltd. to 7.84% by acquiring 160,000 shares through open market purchases on February 26, 2026. The fund's holding rose from 1,154,018 shares (6.88%) to 1,314,018 shares (7.84%), representing a 0.95 percentage point increase. The transaction triggered mandatory SEBI disclosure requirements, with the company maintaining its total equity share capital at 16,768,900 shares across NSE and BSE listings.
04Feb 26
TeamLease Services Q3FY26 Results: Revenue ₹3,037Cr, Net Profit Surges 50% YoY
TeamLease Services delivered robust Q3FY26 performance with consolidated revenue of ₹3,036.7 crores and net profit jumping 50% year-on-year to ₹42.5 crores. The company demonstrated strong operational efficiency with EBITDA growing 22% to ₹42.5 crores and improved margins despite facing headcount challenges from BFSI client insourcing activities. Nine-month revenue reached ₹8,981.5 crores with 8% growth, while the company maintains strong cash position of ₹430 crores and added 107 new client logos during the quarter.
22Jan 26
TeamLease Services Board Meeting Scheduled for February 4, 2026 to Review Q3 FY26 Financial Results
TeamLease Services Limited has scheduled a board meeting for February 4, 2026, at 1:00 PM IST to review Q3 FY26 unaudited financial results for the quarter ended December 31, 2025. The company has implemented a trading window closure from January 1-February 6, 2026, for designated persons and their immediate relatives in compliance with SEBI insider trading regulations. The meeting notification was made on January 22, 2026, under Regulation 29(1)(a) of SEBI LODR Regulations, 2015, with proper disclosure to both BSE and NSE.
07Jan 26
TeamLease Services Appoints Vamsikrishna Ithamraju as Chief Digital and Information Officer
TeamLease Services Limited has appointed Mr. Vamsikrishna Ithamraju as Chief Digital and Information Officer effective January 07, 2026, to lead digital transformation and technology initiatives for the Employment cluster. Mr. Ithamraju brings over two decades of technology leadership experience across financial services, fintech, and consulting sectors, most recently serving as CTO at Axis Mutual Fund. He holds an MBA from SP Jain School of Management, Singapore, and multiple professional certifications including PMP, AWS Solutions Architecture, ITIL, and COBIT, along with industry recognition as an IDC CIO100 Award recipient.
30Dec 25
TeamLease Services receives GST assessment order with ₹19.65 lakh penalty for FY 2021-22
TeamLease Services Limited received a GST assessment order with ₹19,65,215 penalty for FY 2021-22 farm labour supply exemption dispute. The Karnataka tax authority disputed the company's classification, arguing services fall under apprenticeship training rather than agricultural operations. The company plans to file an appeal within three months and states no material financial or operational impact.
18Dec 25
TeamLease Services: Promoter Pledges Shares, Expands Singapore Operations
TeamLease Services Limited has experienced significant corporate developments including a fresh share pledge by promoter Hansini Management Consultant Private Limited of 84,050 equity shares to Kotak Securities Limited for a ₹22 crore loan against property. The company continues its international expansion with the incorporation of TeamLease Digital Solutions Pte. Ltd. in Singapore, strengthening its presence in the Southeast Asian staffing market.
28Nov 25
Nippon India Mutual Fund Boosts Stake in TeamLease Services to 7.95%
Nippon India Mutual Fund has increased its stake in TeamLease Services Limited from 6.47% to 7.95% through open market purchases. The fund acquired 2,47,063 shares between March 7, 2025 and November 24, 2025, bringing its total shareholding to 13,32,589 shares. This significant increase in investment by a major mutual fund in the human resources services company could be seen as a positive signal regarding TeamLease's business prospects and market position.
08Nov 25
TeamLease Services Reports 24% EBITDA Growth in Q2, Adds 7,000+ Headcount
TeamLease Services showed robust Q2 performance with 5% quarter-on-quarter revenue growth, 24% EBITDA growth, and 10% PBT growth. The company added over 7,000 headcount across employment units, with the staffing business growing 3% quarter-on-quarter. Over 140 new clients were acquired, with 67% on variable markup models. Specialized staffing saw 18% quarter-on-quarter growth, driven by IT services and Global Capability Centers. The degree apprenticeship program added 2,600 apprentices. The company maintains a strong financial position with 7 days DSO and Rs. 320 crores free cash balance.
07Nov 25
TeamLease Completes Full Acquisition of TSR Darashaw HR Services, Strengthening Managed Payroll Services
TeamLease Services has finalized its acquisition of TSR Darashaw HR Services Private Limited, securing the remaining 10% stake to make it a wholly-owned subsidiary. The acquisition, completed on November 7, 2025, expands TeamLease's managed payroll services portfolio. TSR Darashaw, a leading HR services provider, brings a client base of 70 enterprises and over 1.65 lakh payroll records. The acquisition cost was 1.9x of TSR Darashaw's revenue, which stood at 10.10 crores for FY 2024-25. This strategic move strengthens TeamLease's position in India's Human Capital Management sector, allowing it to serve over 450 corporates and manage 465,000 payroll records in addition to its existing 350,000 records.
05Nov 25
TeamLease Services Reports 11.9% Growth in Q2 Net Profit, Driven by Strong Performance Across Segments
TeamLease Services Limited announced Q2 financial results with consolidated net profit rising 11.9% to ₹27.84 crore. Revenue from operations grew 8.4% to ₹3,032.07 crore. EBITDA increased 15.2% to ₹38 crore with margin improvement of 10 bps. Total headcount reached 362,000, up 3% YoY. General Staffing grew 2%, Degree Apprenticeship program 14%, and Specialized Staffing 6%. The company added 37 new client logos in General Staffing and 19 in Degree Apprenticeship. Specialized Staffing saw 28% YoY revenue growth, with GCC segment contributing over 60% of net revenue. HR Services achieved breakeven EBITDA.
04Sept 25
Singapore PM Backs India's Skill Development Push, TeamLease Services in Focus
Singapore Prime Minister Wong announced support for India's skill development initiatives, including state-level centers. This development highlights TeamLease Services, a key player in India's skill development sector. Separately, Hansini Management Consultant Private Limited, a promoter of TeamLease Services, released 84,050 pledged equity shares on August 12, 2025. Post-release, Hansini holds 131,442 shares (0.78% of total share capital). The pledged shares were initially held by Kotak Mahindra Bank Limited against a ₹22.00 crore loan.
04Aug 25
TeamLease Services Reports 39% EBITDA Growth, Adds 5,000 Headcount Amid Sector Challenges
TeamLease Services demonstrated resilience in Q2 with 39% year-on-year EBITDA growth and 12% revenue increase, despite challenges in BFSI and IT sectors. The company added 5,000 headcount across all segments, onboarded 110+ new clients, and saw 11% growth in general staffing revenue. Specialized staffing achieved positive EBITDA from global operations, while the degree apprenticeship segment added 1,700 apprenticeships. Management expects 30% EBITDA growth for upcoming quarters, with signs of recovery in BFSI and consumer sectors.
31Jul 25
TeamLease Sets Ambitious Goal to Become World's Largest Staffing Company
TeamLease Services Limited announced plans to become the world's largest staffing company by workforce. The company's Q1 financial results show a 12% year-on-year increase in total revenue to Rs. 2,904.00 crores, with a 39.1% rise in EBITDA to Rs. 31.00 crores. Operational highlights include a total headcount of 351,000, a 5.8% increase year-on-year. The company's growth strategy focuses on GCC-supported specialized staffing, degree apprenticeships, and digital HR technology. Despite macroeconomic challenges, TeamLease reported growth across its General Staffing, Degree Apprenticeship, and Specialized Staffing segments.
31Jul 25
TeamLease Services Announces Key Leadership Changes: CEO-Staffing Resigns, CFO Takes on Additional COO Role
TeamLease Services Limited has announced significant leadership changes. CEO-Staffing Kartik Narayan has resigned, effective September 11, 2025. CFO Ramani Dathi will take on an expanded role as COO & CFO from August 1, 2025. The company reported strong Q1 FY26 results with total revenue up 12% to Rs 2,904 crores and EBITDA up 39.1% to Rs 31 crores. Total headcount increased by 5.8% to 351,000.
31Jul 25
TeamLease Services Reports 39% YoY EBITDA Growth in Q1 FY26 Amid Sector Challenges
TeamLease Services Limited announced Q1 FY2026 results with 12% YoY revenue growth to Rs. 2,904.00 crores, 39% YoY EBITDA growth to Rs. 31.00 crores, and 29% YoY PAT increase to Rs. 25.00 crores. Total headcount reached 351,000, adding 5,000 employees this quarter. The company faced challenges in BFSI and IT services sectors but saw growth in enterprise clients and tech profiles. Management changes include the resignation of CEO - Staffing and CFO taking on additional COO role. The company maintains a strong financial position with Rs. 300.00 crores net free cash.
22May 25
TeamLease Services Anticipates Substantial Workforce Expansion
TeamLease Services aims to add 40,000 to 45,000 employees in FY26, a significant increase from the expected 27,000 additions in FY25. This represents a growth of 48.15% to 66.67% in headcount expansion. The company's aggressive plan suggests anticipated growth in business and market demand for staffing solutions, potentially indicating positive trends in the Indian job market and staffing industry.
21May 25
TeamLease Services Reports 27% Surge in Q4 Profit, Shows Strong Financial Performance
TeamLease Services has reported strong Q4 financial results with a 27% year-on-year increase in net profit to ₹349.60 crore. Revenue grew by 17.5% to ₹2,858.00 crore. EBITDA rose to ₹474.80 crore, with the EBITDA margin expanding to 1.66%. The company's performance demonstrates improved operational efficiency and solid growth in the human resource sector.
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