When was TeamLease founded?

TeamLease was founded in 2000 and raised its 1st funding round 2 years after it was founded.

Where is TeamLease located?

TeamLease is headquartered in Bengaluru, India.

How many employees does TeamLease have?

As of Mar 31, 2026, TeamLease has 222 employees, reflecting a 43% year-over-year decline in headcount.

Is TeamLease a funded company?

TeamLease is a funded company, having raised a total of $28.1M across 3 funding rounds to date. The company's 1st funding round was a ₹***** Seed round, raised on Apr 2002.

When was the latest funding round of TeamLease?

TeamLease's latest funding was a $***** Series B round on Apr 06, 2011, with participation from 2 investors. Its primary sector is HR Services. Globally, the HR Services sector has seen $566M in funding in 2026 to date.

What is the annual revenue of TeamLease?

Annual revenue of TeamLease is more than ₹1,000 Cr as on Mar 31, 2024

Where does TeamLease rank among its competitors?

TeamLease ranks 4th amongst 33848 active competitors, of which 279 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was CIEL HR, which secured $3.34M in Jan, 2026.

Who are the top competitors of TeamLease?

TeamLease's top competitors include CIEL HR, Randstad and Adecco. Among them, CIEL HR secured the most recent funding round in January, 2026.

TeamLease - 2026 Company Profile, Team, Funding, Competitors & Financials

TeamLease is a public company based in Bengaluru (India), founded in 2000 by Ashok Reddy, Rituparna Chakraborty and Manish Sabharwal. It operates as a Provider of recruitment services for entry-level and blue-collar job seekers. TeamLease has raised $28.1M in funding from Gaja Capital and ICICI Venture. The company has 33848 active competitors, including 279 funded and 1668 that have exited. Its top competitors include companies like CIEL HR, Randstad and Adecco.

Company Details

Provider of recruitment services for entry-level and blue-collar job seekers. This platform connects job seekers with employers across various industrial sectors. It facilitates the matching of candidates with employment opportunities by allowing users to search and apply for roles based on skills and job categories. The service aims to bridge the gap between the manual workforce and companies hiring for vocational and entry-level positions. It provides a digital interface for candidates to manage their profiles and access job listings.

Website: www.teamlease.com/
Social
Email ID: *****@teamlease.com
Phone Number: +91 **********

Key Metrics

Founded Year

2000

Location

Bengaluru, India

Stage

Public

Total Funding

$28.1M in 3 rounds

Latest Funding Round

Series B, Apr 06, 2011, $*****

Investors

Gaja Capital & 2 more

Ranked

4^th among 33848 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2024

Employee Count

222 as on Mar 31, 2026

Investment & Acquisitions

Crystal HR & 14 more

Similar Companies

Randstad & 38093 more

Exit Details

Public

View TeamLease's full profile

TeamLease is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
TEAMLEASE SERVICES LIMITED CIN: L74140KA2000PLC118395 , India, Active	Feb 02, 2000	₹1,000+ Cr (As on Mar 31, 2025)	275179 (As on Apr 01, 2026)
CRUNCHMEN HUMAN CAPITAL SERVICES PRIVATE LIMITED CIN: U78100DL2023PTC411306 , India, Active	Mar 20, 2023	0 - ₹10 Cr (As on Mar 31, 2025)	3 (As on Feb 29, 2024)
TEAMLEASE SERVICES LIMITED CIN: L74140KA2000PLC118395 , United Kingdom, Active	Feb 01, 2000	₹1,000+ Cr (As on Mar 31, 2024)	274559 (As on May 31, 2026)
I.M.S.I STAFFING PRIVATE LIMITED CIN: U74999MH2018PTC385319 , India, Amalgamated	Jul 24, 2018	₹50 - ₹100 Cr (As on Mar 31, 2023)	286 (As on Mar 31, 2024)
TEAMLEASE FOUNDATION CIN: U80903KA2011NPL130127 , India, Active	Jun 27, 2011	₹100 - ₹500 Cr (As on Mar 31, 2025)	222 (As on Mar 31, 2026)

TeamLease got listed on Feb 12, 2016.

Click here to take a look at TeamLease's IPO in detail

TeamLease has raised a total funding of $28.1M over 3 rounds. Its first funding round was on Apr 2002. Its latest funding round was a Series B round on Apr 06, 2011 for $*****. 2 investors participated in its latest round. TeamLease has 3 institutional investors.

Here is the list of recent funding rounds of TeamLease:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 06, 2011	2423679	Series B	3487121	4600551	8947328	5947323
2009	8056	Series A	6138	6801	1356	2685
Apr 2002	9205403	Seed	4211426	1434366	3652206	3798955

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View details of TeamLease's funding rounds and investors

The founders of TeamLease are Ashok Reddy, Rituparna Chakraborty and Manish Sabharwal. Suparna Mitra is the CEO of TeamLease.

Here are the details of TeamLease's key team members:

Ashok Reddy: Co-Founder of TeamLease. They serve on the board of 1 company.
Contact Info: 1 email address
Rituparna Chakraborty: Former Co-Founder of TeamLease. They serve on the boards of 3 companies.
Manish Sabharwal: Co-Founder of TeamLease.

TeamLease's Board of Directors

TeamLease's board has 8 active members. Suparna Mitra is part of team and Narayan Ramachandran, Subramaniam Somasundaram, Manish Mahendra Sabharwal, Mekin Maheshwari, Ashok Kumar Nedurumalli, Rajnarayan Ramakrishnan and Meenakshi Nevatia are independent board members.

Here is the list of TeamLease's board of directors:

Name	Type	Representing	Status	Duration
dmahewl	Team	-	Current	2y 5m
Narayan Ramachandran	Independent board member	-	Current	11y 3m
{jwooxu	Independent board member	-	Current	2y 7m
rnep{ed	Independent board member	-	Current	4y 2m
ezxauah	Independent board member	-	Current	8y 6m
ypshdfb	Independent board member	-	Current	1y 1m
flxovxe	Independent board member	-	Current	4y 7m
lhfam{p	Independent board member	-	Current	6y 1m

View details of TeamLease's Founder profiles and Board Members

TeamLease's employee count trend

TeamLease has 222 employees as of Mar 26. The total employee count is 44.0% lower than what it was in Mar 25. Here is TeamLease's employee count trend over the years:

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Top competitors of TeamLease include CIEL HR, Randstad and Adecco. Here is the list of Top 10 competitors of TeamLease, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CIEL HR 2015, Bengaluru (India), Series A	Company offering a complete suite of tech-driven HR solutions, covering the entire employee lifecycle	$15.9M	Pegasus, Khivraj Motors & 151 others	77/100
2nd	Randstad 1960, Diemen (Netherlands), Public	Provider of staffing, recruitment, and workforce management solutions across industries	-	Storm Ventures, Corda Campus & 2 others	73/100
3rd	Adecco 1971, Zurich (Switzerland), Funding Raised	Provider of HR management services	-	Europa	72/100
4th	TeamLease 2000, Bengaluru (India), Public	Provider of recruitment services for entry-level and blue-collar job seekers	$28.1M	ICICI Venture, Gaja Capital & 1 others	69/100
5th	Robert Half 1948, Menlo Park (United States), Public	Staffing and recruitment agency	-	Corda Campus, Combine Capital	66/100
6th	Kelly Services 1946, Troy (United States), Acquired	Provider of outsourced HR services	-	-	66/100
7th	ManpowerGroup 1948, Milwaukee (United States), Public	Workforce solution provider	-	Europa, United States Department of Agriculture	65/100
8th	Quess 2007, Bengaluru (India), Public	Provider of outsourcing and business services	-	Amazon, Fairbridge Capital & 3 others	64/100
9th	Insight Global 2001, Atlanta (United States), Acquired	Staffing and managed services provider	$6.08M	H.I.G. Capital, Ares Management & 5 others	63/100
10th	Allegis Group 1983, Hanover (United States), Unfunded	Provider of staffing & recruiting, and workforce management services	-	-	61/100

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Looking for more details on TeamLease's competitors? Click here to see the top ones

TeamLease has made 3 investments in companies including Crystal HR and SchoolGuru. TeamLease has also acquired 12 companies including TSR Darashaw and Avantis.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 20, 2024	Investments	Crystal HR	1993	Chennai (India)
Dec 20, 2024	Acquisition	TSR Darashaw	1960	Mumbai (India)
Apr 03, 2021	Acquisition	Avantis	2013	Pune (India)