TeamLease

India's largest staffing company

About

Established in 2002, TeamLease is one of India’s leading people supply chain company, delivering a broad range of human resource services across industries, with a vision of ” Putting India to Work.” Through its staffing business, TeamLease identifies and maintains qualified employees on its payrolls which it ‘leases’ on a temporary basis to Indian employers across numerous industry verticals. TeamLease is also one of India’s leading permanent staffing companies, where it identifies and places mid-level and junior-level staff directly with Indian corporations. Across businesses TeamLease serves 2,000+ employers and till date has cumulatively employed more than a million associates. In addition to employment, TeamLease’s services extend to education & employability training. The company has set up TeamLease University - India’s first of its kind vocational university in Gujarat. The university offers affordable and short-term courses matched with industry needs. TeamLease also offers vocational training through the Indian Institute of Job Training (IIJT). Vocational training is particularly relevant in the Indian context, as India’s K-12 public education system is broken and produces individuals who are unemployable and need ‘repair’ before taking on employment. Backward integrating into education and employability provides the staffing business a competitive advantage in sourcing qualified candidates.

100k+

current associates

2k+

clients

1m+

employed

Potential

India’s labour force consists of close to 500 million people to which 12+ million get added each year . It continues to be plagued by high unemployment as well as a shortage of trained individuals. TeamLease being the largest staffing company in India is well-poised to take advantage of this large & growing market opportunity. Its dominant position in staffing has allowed it to build a strong presence in its employability and education businesses as well.

Insights

Scale

Since investment company’s revenues have consistently grown and company’s associate count has increased more than 2.5x.

Transformation

Expansion beyond employment to the employability space through acquisition of the Indian Institute of Job Training (IIJT) and the education space through TeamLease university.

Partnership

Advisory on business strategy (e.g. backward integrating into employability and education) and introductions to acquisition targets in vocational training.

News

"They are out much more than us and were important in bringing an outside in perspective to capital markets, acquisitions and public policy. They were important partners in building the company and putting together an IPO that worked for everybody."

Manish Sabharwal

Chairman and Co-founder, TeamLease

Investments