Team Lease Services Ltd(TEAMLEASE)

NSE: TEAMLEASEBSE: 539658

₹ 1,048.7-0.52%refreshed 26 Oct, 12:20 pm ISTMarket cap: ₹ 1,603 crNext results: 5 Nov 2026Website: group.teamlease.com/Updated: 24 Oct 2026

About

TeamLease Services Limited is India's leading workforce solutions company, placing approximately 3.4 lakh associates and trainees across general staffing, specialised staffing, degree apprenticeship, and HR technology services. The company reported revenue of ₹11,791 cr in FY26 and serves over 4,000 clients across more than 7,500 locations in 28 states. TeamLease has hired over 25 lakh people cumulatively and describes its long-term ambition as becoming the largest private sector employer in India.^[1][2][3]

Business segments

General Staffing contributed 92.3% of FY26 revenue (₹10,879.59 cr) at a 1.0% EBIT margin, deploying associates across blue- and grey-collar roles for clients.^[4]
Specialised Staffing contributed 5.7% of FY26 revenue (₹669.38 cr) at a 7.1% EBIT margin, focused on IT, digital, and GCC talent placement.^[4]
Other HR Services (EdTech, RegTech, HRTech) contributed 2.0% of FY26 revenue (₹241.7 cr) with a -1.8% EBIT margin as platform investments continue.^[4]

Services portfolio

TeamLease delivers workforce solutions across General Staffing, Specialised Staffing, Degree Apprenticeship, Hiring, Regulatory Compliances, HRTech Services, and Learning Services.^[2]
TeamLease HRTech operates freshersworld.com, the leading entry-level job site in India, with 14.5K unique daily visits, 441K monthly visitors, and a database of 2 million+ resumes.^[2]
TeamLease Regtech serves 463 enterprise customers and over 1,500 trusted entities with 25,000 enterprise users across 50 industries, providing real-time compliance solutions.^[2]
TSR Darashaw HR Services became a 100% subsidiary on 07 November 2025, specialising in customised payroll processing with over four decades of expertise.^[2]

Operational reach

TeamLease operates across 7,500+ locations in 28 states in India and has expanded internationally into Singapore and the Middle East.^[2]
The ISO 27001-certified integrated IT platform supports 3.5 lakh associates and apprentices; client self-processing adoption rose from 12% to 24% in FY26.^[2]
General staffing added 73,000 gross joinees and 117 new client logos in FY26, while reducing cost-to-hire by 20% YoY.^[2]

Key operating numbers

Total headcount (associates + apprentices) stood at 341,330 in Q1 FY27, down 3% YoY; general staffing accounted for ~2.91 lakh and specialised staffing for 7,630 (+13% YoY).^[5]
General staffing profit per associate per month (PAPM) was ₹680 in Q1 FY27; specialised staffing PAPM realisation grew +17% YoY in FY26.^[5][3]
Specialised staffing EBITDA margin was 6.2% in Q1 FY27 (vs 7.3% in Q4 FY26), with a medium-term target of 8 - 9%; general staffing EBITDA margin held at 1.0% YoY in Q1 FY27.^[5][3]
DSO in the staffing business was 6 days in Q1 FY27, unchanged from Q4 FY26; gross joinees in general staffing reached ~67,600 in Q1 FY27, the highest in three quarters.^[5]
FTE productivity (associates per core employee) was 351 in Q4 FY26, compared with 355 in Q3 FY26 and 382 in Q2 FY26.^[3][6][7]
RegTech combined monthly recurring revenue (MRR) reached ₹3.6 cr/month in Q4 FY26; the business turned EBITDA positive on both digital and services verticals by Q1 FY27.^[3][5]

Customers and distribution

TeamLease serves 4,000+ clients with 1,000+ digital engagements; top 20 clients contributed ~37% of revenue in H1 FY26, reduced from ~45% in FY25, reflecting improved diversification.^[2]
Specialised staffing partners with 100+ GCCs across life sciences, BFSI, engineering, consulting, consumer, telecom, and technology; GCCs accounted for 45% of the specialised staffing associate base and 67% of its net revenue in Q1 FY27.^[2][5]
TeamLease is deepening its Tier-2 and Tier-3 market presence as a strategic priority, with these regions emerging as key flexi staffing growth drivers.^[2]
127 new client logos were added across the group in Q1 FY27; 18 new logos added in the Degree Apprenticeship segment in the same quarter.^[5]

Expansion and new markets

TeamLease incorporated TL Business Solutions Inc. in the United States on 23 September 2026, a 100% foreign subsidiary with authorised capital of USD 105,000 (1,050,000 shares at USD 0.10 par).^[8]
Global business (Singapore and Middle East) grew revenue 200% YoY in FY26 and reached EBITDA positive in Q2 FY26, contributing ~4% of specialised staffing net revenue.^[3][7]
Over 65% of new general staffing logos onboarded in Q1 FY27 came under variable markup or outcome-linked pricing, a shift designed to protect margin if demand softens.^[5]

Recent developments

A ₹238 cr share buyback (14.87 lakh shares at ₹1,600/share) was completed in Q1 FY27, funded entirely from internal accruals; net free cash stood at ₹350 cr post-buyback.^[5]
TeamLease divested its 30% stake in Crystal HR in Q1 FY27 at full recovery of original investment cost, citing portfolio rationalisation and management bandwidth priorities.^[5]
Suparna Mitra joined as Managing Director and CEO of TeamLease in Q3 FY26, taking formal charge of earnings communication from Q4 FY26 onwards.^[6]
TSR Darashaw HR Services was acquired to 100% ownership on 07 November 2025 when TeamLease exercised its option to buy the remaining 10% stake.^[2]
The Union Budget raised the NETL apprenticeship subsidy allocation by 6% to ₹1,250 cr, with electronics, semiconductors, biopharma, healthcare, and GCC/data centre sectors identified as growth engines.^[6]
~500 - 600 AI/ML, data, cloud, and cybersecurity hires were executed in the two quarters ending Q4 FY26, contributing higher margins than traditional IT roles.^[3]

Market Cap

₹1,603 Cr

High / Low

₹1,873 / 1,039

Stock P/E

12.0

Price / Book

1.7

Book Value

₹622

EPS

₹83.3

No. of Shares

1.68 Cr

ROCE

15.7%

ROE

14.3%

OPM

1.4%

Debt / Equity

0.03

Sales

₹11,791 Cr

Net Profit

₹141 Cr

Promoter holding

33.3%

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