Enter the first few characters of Company and click 'Go'

TeamLease Services Ltd. Company History and Annual Growth Details

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. The changes in the name of the Company were made to align ourselves with the brand name ÂTeamLeaseÂ and leverage the value of the brand.

Major events and milestones of the Company :

2000

-The Company was incorporated as India Life Chakravarti Actuarial Services Private Limited

2002

-The name of the Company was changed to Team Lease Services Private Limited

2005

-Reached turnover of 1,000 million for the year ended Mar 31, 2005

2006

-Reached 30,000+ associates on the rolls

2008

-The CompanyÂs presence was spread across multiple locations

2009-2010

-GCIF, GAPL and GIL made investments of 500 million in the Company

2010

-Acquired IIJT

2011

-Co-founded the ÂIndian Staffing FederationÂ to professionalise the Indian staffing industry

-GCIF, GAPL, GIL made second round of investments of 250 million and IAF made investments of 750 million in the Company

-The Company entered into a memorandum of understanding with the Government of Gujarat to establish a private university

2013

-TLSU was established as a university under the Gujarat Private Universities Act

2014

-Classes for TeamLease Skills University commenced

2015

-Established public private partnership project for apprenticeship (NETAP)

Awards and Accreditations :

2007

-Awarded as the top tax payer for the Fiscal 2005-06 on Central Excise Day by Office of the Chief Commissioner of Central Excise, Bengaluru Zone, Ministry of Finance, Department of Revenue, Government of India

2009

-Awarded the ÂSamman PatraÂ for outstanding revenue performance in the Bengaluru Central Excise Zone for the year 2007-08 by the Office of the Chief Commissioner of Central Excise, Bengaluru Zone, Ministry of Finance, Department ofRevenue, Government of India

-The London School of Economics published a case study in relation to the Company titled ÂConcept Arbitrage in IndiaÂ

2010

-The Harvard Business School published a case study in relation to the Company titled ÂTeamLease Putting India to Work

2015

-The Company has changed its name from Team Lease Services Pvt.Ltd to Team Lease Services Ltd.

2016

-TeamLease Services IPO subscribed 66 times.

2017

-TeamLease acquires 40% stake in Schoolguru for Rs 13 cr.

-TeamLease to acquire 100% shares in Keystone Business.

-TeamLease Goal Of Creating 120 Million Jobs In 24 Sectors Over 2015 -2020.

2018

-RBI hikes FPIs investment limit in TeamLease Services to 75%.

-TeamLease Report Employees And Employers Prefer Variable Pay And Flexi Benefits Along With Plain Salary Increments.

2019

-Teamlease Services Limited has informed the Exchange about Acquisition of 72.7% stake in I.M.S.I. Staffing Private Limited on November 12, 2019.

-Teamlease Services Limited has informed the Exchange about acquisition of additional 25% stake in Cassius Technologies Private Limited.

2020

-Teamlease Services Limited has informed the Exchange about Acquisition of 16.28% Equity stake in Avantis Regtech Private Limited.

-Teamlease Services Limited has informed the Exchange about Acquisition of additional 21.24 % stake in I.M.S.I. Staffing Private Limited

-Teamlease Services Limited has informed the Exchange about Acquisition of additional 24% stake in TeamLease E-Hire Private Limited (formerly known as Cassius Technologies Private Limited)

2021

-Teamlease Services Limited has informed the Exchange regarding ''Update on Acquisition of 21.34% Equity stake in Avantis Regtech Private Limited.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article