Team Lease Services Share Price

Team Lease Serv.

CMP as on 23-Nov-20 15:35

₹ 2,410.00
-2.10 -0.09%

Open

₹ 2,429.00

Turnover (lac)

₹ 116

Prev. Close

₹ 2,412.10

Day's Vol (shares)

₹ 4,822

Day's Range (₹)

₹ 2,376.15
₹ 2,429.00

CMP as on23-Nov-20 15:26

₹ 2,409.05
-6.65 -0.28%

Open

₹ 2,430.30

Turnover (lac)

₹ 7

Prev. Close

₹ 2,415.70

Day's Vol (shares)

₹ 300

Day's Range

₹ 2,378.55
₹ 2,432.50

TeamLease Services Limited is primarily engaged in providing staffing services and HR requirements offering a gamut of services that include Temporary Staffing, Permanent Recruitment, Payroll Process Outsourcing, Regulatory Compliance Services, Vocational Training / Education and Assessments, Telecom staffing, Technology led specialized academic services and end to end online services for software product engineering. The Company is one of Indias leading providers of human resource services in the organized segment, delivering a broad range of human resource services to various industries. The companys services span the entire supply chain of human resources in India, covering 3 Es - Employment, Employability and Education. The Company has 5 direct and indirect subsidiaries and 2 Associate Companies as on March 31, 2018.The company was originally incorporated as a private limited company under the Companies Act, 1956 on February 02, 2000 with Registrar of Companies, Mumbai, Maharashtra, India under the name India Life Chakravarti Actuarial Services Private Limited. The name of the Company was changed to Team Lease Services Private Limited and a fresh certificate of incorporation consequent upon change of name was issued on January 24, 2002. The Company was converted into a public limited company and the name of the Company was changed to Team Lease Services Limited and a fresh certificate of incorporation was issued on May 15, 2015. Further, the name of the Company was changed to TeamLease Services Limited and a fresh certificate of incorporation was issued on July 24, 2015. In 2010, the company acquired IIJT. In 2011, the company entered into a memorandum of understanding with the Government of Gujarat to establish a private university and also co-founded Indian Staffing Federation to professionalise the Indian staffing industry. The company also entered into a memorandum of understanding with the Government of Gujarat to establish a private university and in 2013 TLSU was established as a university under the Gujarat Private Universities Act. In 2014, the company established public private partnership project for apprenticeship (NETAP).The companys Board of Directors at its meeting held on 1 June 2015, recommended the issue of Bonus Shares to the existing members of the company in the ratio of 29 Equity Shares of the Company of Re. 1 each for every 1 Equity Share of the Company of Re. 1 each and the members in their EGM held on June 25, 2015 approved the same by means of a special resolution. Accordingly, the Company issued 148,209,952 equity shares of Re. 1 each as bonus shares. The companys Board of Directors at its meeting held on 9 July 2015 recommended for the consolidation of the face value of equity shares of the Company from its existing Re.1 to Rs.10 per equity share. Accordingly total 153,320,640 shares of Re.1 each post-bonus have been consolidated into 15,332,064 shares of Rs.10 each with effect from July 10, 2015.The company completed its highly successful Initial Public Offering of 4,984,438 Equity Shares of Rs. 10 each at a premium of Rs. 840 per Equity Share aggregating to Rs. 850 per Equity Share. The total size of the issue was Rs 4,236.77 million. The Initial Public Offer was oversubscribed to the extent ~39 times. The bid/issue was opened on February 2, 2016 and closed on February 04, 2016. The equity shares of the Company were listed on both National Stock Exchange of India Limited and BSE Limited since February 12, 2016.During the year ended 31 March 2016, TeamLease Skills University (TLSU), a Public-Private Partnership, with the Government of Gujarat, commenced operations and was among the few Universities selected by the United Kingdom Education Research Initiative (UKERI). In terms of the said initiative, the University has received grants that are to be utilized for faculty development. TeamLease Education Foundation is the sponsor of TLSU.During the year under review, the companys headcount crossed 110,000 including both core employees and associate employees. The companys total client base increased from 1,200+ in FY2015 to 1,400+ in FY2016 spreading across all industries and verticals. The companys apprenticeship program, launched through TeamLease Education Foundation (TLEF), crossed 16,000 apprentice enrolments during FY2016 of which about 4,000 trainees have been certified during the year.During the financial year ended 31 March 2017, TeamLease Services incorporated a wholly owned subsidiary company, TeamLease Staffing Services Private Limited, for the purpose of entering into IT staffing business. During the year under review, TeamLease Services wholly owned subsidiary, TeamLease Staffing Services Private acquired 3 IT staffing companies viz. Asap Info Systems Private Limited, Nichepro Technologies Private Limited and Keystone Business Solutions Private Limited. Consequent to the acquisitions of these three entities the base platform of the companys staffing business has extended its arms to IT staffing business.In FY 2018, the company made investments in Cassius Technologies Private Limited and School Guru Eduserve Private Limited.During the year, the Company acquired Evolve Technologies & Services Private Limited (Evolve), IT and telecommunication staffing Company. The Company was acquired as a step-down subsidiary of its Company through TeamLease Digital Private Limited TDPL w.e.f. November 01, 2017.ASAP Info Systems Private Limited (ASAP) and Nichepro Technologies Private Limited, wholly owned subsidiaries of TDPL has been merged into TDPL vide approval of NCLT Chennai dated November 30, 2017 and NCLT Mumbai dated November 16, 2017. Subsequent to the merger, the name of TeamLease Staffing Services Private Limited was changed to TeamLease Digital Private Limited w.e.f. March 08, 2018.The members of the Company have approved the shifting of the Registered Office of the Company from the State of Maharashtra to the State of Karnataka i.e., from Office No. 6, 3rd Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051 to 6th Floor, BMTC Commercial Complex, 80 Ft Road, Koramangala, Bangalore - 560095. The Company received order from Regional Director, Western Region on October 25, 2018 and filed the same respective authority as on October 27, 2018.In FY 2018, the Company had made an investment of 30% stake in Cassius or Fresherworld on June 01, 2017. The Company has further acquired additional 21% stake and pursuant to such an investment, Cassius or Fresherworld became subsidiary company w.e.f. August 01, 2018.

  • Executive Chairman

    Manish Mahendra Sabharwal
  • Managing Director

    Ashok Kumar Nedurumalli
  • Independent Director

    Latika Prakash Pradhan
  • Independent Director

    Narayan Ramachandran
  • Independent Director

    V Raghunathan
  • Company Secretary

    Alaka Chanda
  • Addtnl Independent Director

    Zarir Batliwala

Registered Office

6th Flr BMTC Commercial Comple,
80 Feet Road Koramangala,Bangalore,
Karnataka-560095

REGISTRAR OFFICE

Karvy Selenium Tow-B,
Nanakramguda,Hyderabad-500032
INDIA