Manish Sabharwal, Chairman, Teamlease Services Ltd

"We intend to pursue strategic acquisitions that will enable us to leverage our existing assets and offer our clients more comprehensive services."

Feb 06, 2016 01:02 IST IIFL Yash Ved |

Manish Sabharwal, Chairman, Teamlease Services Ltd holds a master degree in managenent from the Wharton School in 1996 and is an alumnus of Mayo college, Ajmer. Manish provides leadership at the board level and sets our strategies and directions. He was the chief executive officer at Hewitt Outsourcing (Asia) in Singapore.
 
Teamlease core business is to provide staffing solutions across industry sectors and diverse functional areas.  It focuses on people, processes and technology to enhance business productivity by enabling clients to outsource their staffing requirements and allowing them to focus on operating and growing their core businesses. As of March 31, 2015 it has provided employment to approximately 1.12 million Associate Employees since 2002. As of November 30, 2015, it served over 1,252 clients with a network of nine offices and 1,218 full-time employees across India. It is managed professionally by a high quality management team with deep extensive market and industry expertise, exhibiting thought leadership on matters of public policy. The Company had 979, 1,057 and 1,218 full-time employees as of March 31, 2014, March 31, 2015 and November 30, 2015, respectively.
 
Yash Ved of IIFL provides you the highlights of a media interaction, where Manish Sabharwal says "We intend to pursue strategic acquisitions that will enable us to leverage our existing assets and offer our clients more comprehensive services."
 
Brief us about your IPO plans?
We are planning to raise Rs. 400-500 crore via IPO. The Offer comprises a Net Offer to the Public of such Equity Shares and a reservation of up to 10,000 Equity Shares for subscription by Eligible Employees. The Net Offer will constitute atleast 25% of the post-Offer paid-up Equity Share capital.
 
The Book Running Lead Managersto the Offer are IDFC Securities Limited, Credit Suisse Securities (India) Private Limited and ICICI Securities Limited.
 
The Equity Shares offered through the Offer are proposed to be listed on BSE Limited and National Stock Exchange of India Limited.  
 
What is the purpose of the IPO?
The company proposes to utilise the net proceeds towards funding the following objects:
 
Funding existing and incremental working capital requirement, Acquisitions and other strategic initiatives, Upgradation of the existing IT infrastructure, General Corporate Purposes
 
What is your business strategy?
We will develop new areas of growth by diversifying service offerings across the human resources value chain.
 
We intend to achieve scale as a means to increase our revenues without incurring corresponding increases in operating expenditure.
 
Your focus area going forward?
Our focus area would be to sustain growth on Return on Equity and to expand margins.
 
Any acquisition plans are you looking at?
We intend to pursue strategic acquisitions that will enable us to leverage our existing assets and offer our clients more comprehensive services.
 
Brief us about Financials?
The consolidated total revenue were Rs. 12,157.93mn, Rs. 20,184.60mn and Rs. 15,375.25mn and our profit after tax as restated was Rs. 109.72 mn,Rs.296.90mn and Rs178.57mn respectively in the six months ended September 30, 2015 and in the years ended March 31, 2015.
 
What is your revenue mix?
About 97% of our revenue comes from Staffing.

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