Team Lease Services Ltd
Team Lease Services Ltd (TEAMLEASE)

Team Lease Services Ltd (TEAMLEASE)

₹3301.12%

Key Stats

₹3203.6
Day's Price Range
₹3358
₹2910
52-Week Price Range
₹5550
1 Month Return-1.85 %
3 Month Return-23.82 %
1 Year Return-10.21 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 71
144.02
EPS
Rank 16
₹22.47
BVPS
Rank 6
₹381.37
Dividend Yield
Rank 37
ROE
Rank 45
13.75%
Price To Book Ratio
Rank 64
8.48
Debt To Asset
Rank 62
0.5

Company Information

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 cofounded 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 148209952 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 153320640 shares of Re.1 each postbonus have been consolidated into 15332064 shares of Rs.10 each with effect from July 10 2015.The company completed its highly successful Initial Public Offering of 4984438 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 4236.77 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 PublicPrivate 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 110000 including both core employees and associate employees. The companys total client base increased from 1200 in FY2015 to 1400 in FY2016 spreading across all industries and verticals. The companys apprenticeship program launched through TeamLease Education Foundation TLEF crossed 16000 apprentice enrolments during FY2016 of which about 4000 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 stepdown 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.
OrganisationTeam Lease Services Ltd
HeadquartersBangalore
IndustryMiscellaneous