TeamLease Services Limited is an Indian recruitment and human resources services company established in 2002 with its headquarters in Bengaluru, Karnataka.^[1] It is publicly traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).^[2]

TeamLease is involved in various sectors, including training, staffing, and other HR services. It also runs a Vocational University and the National Apprenticeship program. It is a Fortune India 500 company.^[3]

In the year 2000, TeamLease was established under the name India Life Chakravarti Actuarial Services Private Limited^[2] by its founders, Manish Sabharwal and Ashok Reddy.^[4] The company later changed its name to TeamLease Services Private Limited in 2002.^[1]

By 2006, TeamLease had a workforce of over 30,000 associates. In 2009, the company secured funding amounting to $500 million.^[5] In 2010, TeamLease made an acquisition, taking over IIJT, an IT company based in Navi Mumbai with a network of 120 centers across India.^[1] In 2011, the company received investments worth $250 million and became a founding member of the Indian Staffing Federation, an organization for India's Flexi staffing sector.^[6][7][8]

TeamLease established a partnership with the Government of Gujarat to set up a private university.^[9] This collaboration led to the establishment of TLSU as a university under the Gujarat Private Universities Act in 2013.^[9][10] Classes at the university commenced in 2014.^[11] TeamLease also initiated a project involving a partnership between the public and private sectors for apprenticeship (NETAP).^[12]

In 2015, the company rebranded itself to TeamLease Services Limited and became a public company.^[2] It operates from nine regional offices and employs around 2.82 lakh people.^[13] TeamLease holds a 6 percent market share in the domestic flexi-staffing industry.^[14][1] In 2016, TeamLease raised Rs 190 crore by issuing shares to 15 anchor investors, including Goldman Sachs and Merrill Lynch.^[15][1]

In 2016, TeamLease expanded its business into the IT staffing sector by purchasing ASAP Infosystems^[16] and Nichepro Technologies for Rs 67 crore and Rs 29.5 crore respectively.^[17] These companies were later integrated into TeamLease's Digital division.

In January 2017, TeamLease completed the purchase of Keystone, acquiring 100 percent of its shares for ₹8.2 crores in cash through TeamLease Staffing, a wholly-owned subsidiary of TeamLease.^[18]

During the same year, TeamLease entered the Telecom staffing domain by acquiring Evolve Technologies^[19] and also obtained a 40% stake in Schoolguru.^[20]

In November 2021, TeamLease increased its ownership stake in Avantis to 61.5% and rebranded it as TeamLease Regtech.^[21] The company also rebranded Schoolguru as TL EdTech, Avantis as TL RegTech, and E-Hire as TL HRTech.^[20]

• 2009: Awarded the "Samman Patra" by the Ministry of Finance, Government of India^[22]
• A case study titled "Concept Arbitrage in India" was published by the London School of Economics with the company^[23]
• 2010: The Harvard Business School published a case study titled "TeamLease: Putting India to Work" with the company^[24][25]
• 2023: TeamLease was recognized with a "Certificate of Excellence" by the Employees’ Provident Fund Organization (EPFO), which operates under the Ministry of Labor and Employment^[26]