TeamLease acquires stake in TSR Darashawand Crystal HR to expand its HR Services portfolio

 Bengaluru, India, November06, 2024- TeamLease Services Limited (TeamLease/Company) (NSE: TEAMLEASE, BSE: 539658), one of India’s largest Staffing Companies, today announced execution of definitive agreement withTSR Darashaw HR Services Private Limited (“TSRDarashaw”). The Companyalso announced availing of Board approval, to acquire stake in Crystal HR and Security Solutions Private Limited (“Crystal HR”). Thesetransactionsare conditional to the fulfilment of customary closing conditions and other statutory approvals.

About TSR Darashaw

TSR Darashaw is recognized as a leading provider of outsourcing services in the industry. With over four decades of expertise and a steadfast commitment to Integrity, Service Quality, and Client Satisfaction, TSR Darashaw and its subsidiaries proudly serve some of the country’s most esteemed corporates.

The core competency of TSR Darashaw HR Services lies in delivering value via highly customized payroll processing solutions to multi-locations, multi-business-unit requirements of clients.

Mr. Darashaw Keki Mehta, Director, TSR Darashaw HR Services Private Limitedsaid, “Joining forces with TeamLease allows us to leverage their inherent domain capabilities apart from their top-notch talent to deliver even greater value to our clients. Our collective full spectrum will help our clients to continue to embrace their journey. We are enthusiastic about the opportunities going forward.”