TeamLease Services (TLS), established in 2002, is one of India’s leading human resource service companies in the organised sector. The company provides employment and employability and education services to various industries.
TLS’s employment services include staffing solutions, recruitment services and compliance services, whereas its employability offerings include different types of learning and training solutions for retail, institutional and enterprise customers.
TLS has its presence in eight locations, with over 2,500 clients and 1,400 employees across the country. The company, in partnership with the Government of Gujarat, set up Team Lease Skills University (TLSU) at Vadodara, which was India’s first vocational university. In FY15, the company rolled out National Employability through Apprenticeship Program (NETAP) to provide on-the job training to apprentices. At the end of Q3FY18, TLS had over 175,000 associates/trainees spread across the country and had given employment to over 1.6 million people.
TLS, which got listed on the bourses in February 2016 after an initial public offering (IPO) that saw huge investor response, has been on an acquisition spree in the past two years. The company had said that it planned to use part of the proceeds from the IPO for acquisitions. In FY17, the company acquired ASAP, Nichepro and Keystone (high margin IT staffing) which is expected to be margin accretive; The IT staffing business has about 15 percent margin vis-à-vis about 1.5 percent of general staffing business. In May 2017, the company finalised a deal to acquire a 30 percent stake in Bengaluru-based Cassius Technologies, which runs job site Freshersworld. In Oct 17, TLS made a deal to acquire Evolve Technologies, a Pune-based staffing firm, to enter the specialised telecom staffing space. Further, in December 17, TLS completed 40.2 per cent stake acquisition in online learning company Schoolguru Eduserve to accelerate its employability strategy. The company’s recent acquisitions to foray into new verticals will aid company's growth going forward.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
