Team Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance. Its major business segments are: General staffing, Specialized staffing, HR Services. In fiscal 2017, it entered specialised staffing segment by acquiring three companies in information technology (IT) staffing, and since then, has made a number of acquisitions. In fiscal 2019, TeamLease picked up stake in Avantis Regtech for Rs 5 crore and acquired the IT staffing vertical of eCentric Solutions, and in fiscal 2020, acquired IMSI Staffing, which provides IT infrastructure staffing solutions.
- Team Lease Services Ltd reported Total revenue for Q4 FY23 of ₹2,027 Crore, up from ₹1,817 Crore year on year depicting a growth of 12%.
- Total Expenses for Q4 FY23 of ₹1,994 Crore up, from ₹1,776 Crore year on year, a growth of 12%.
- Consolidated Net Profit of ₹24 Crore, down 25% from ₹32 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹14, down 22% from ₹18.05 in the same quarter of the previous year.