i. Founded in 2002, it is one of the largest staffing company in India. A Fortune India 500 company listed on the NSE & BSE, TeamLease has hired 17 lakh people over the last 17 years and has 2 lakh+ open jobs every day. One of India’s fastest growing employers. TeamLease also operates India’s first Vocational University and fastest growing PPP National Apprenticeship Program. The company offers solutions to large, medium and small clients across the 3Es of Employment (1.5lakh+ associates), Employability (2 lakh+students/trainees) and Ease-of-doing Business (55,000+ compliances).

ii. Business model of Teamlease:

a) Employment provider- Finding a right candidate for the company is always a difficult task and many times invovles lot of opex cost. Therein, Teamlease with their experience provides the facility of staffing solution. They give service as General Staff, & Specialised Staff. Moreover, as a corporate you can also get employee directly from the company’s portal such as Fresherworld, by posting online jobs.

b) Employability- In India, we say most of the today’s youth are not getting jobs as per their education, the reason being, lack of soft skills and aptitude, which is the utmost requirement to get a job in the corporate world. So, here Teamlease with programs/facility such as NETAP, Schollguru, and Teamlease Skills University, trained students to equip themselves for the corporate jobs.

c) Ease of Doing Business- Many times companies are not aware of labour laws, regulatory filing related to EPS/EPF for employees which sometimes results into regulatory compliance issues. Therein , Teamlease provide consultancy service to these companies.

Board Meeting is scheduled on 3.02.2023 to consider the buyback of shares.

to be updated on 03-02-2023

to be updated on 03-02-2023

to be updated on 03-02-2023