TeamLease announces expansion in Board of Directors


Bengaluru, India, May 18, 2022 – TeamLease Services Limited (TeamLease/Company (NSE: TEAMLEASE,BS: 539658), today announced the appointment of Ms. Rituparna Chakraborty as an Executive Director of theCompany with immediate effect subject to approval of Shareholders at ensuing Annual General Meeting. Theaddition of new Executive Director will take the size of the Board to ten members with three ExecutiveDirectors and seven Independent Board Members.

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COVID made FY 22 challenging even though it was a milestone year; TeamLease started twenty years ago andlisted six years ago. We used the year to reflect about our principles, goals, strategy and structure for the nexttwenty years. Essentially, an exercise to convert future hindsight into current foresight in our mission ofPutting India to Work. The first outcome of this exercise was a Board revamp last year. In extension to that,effective today Ms. Rituparna Chakraborty will be joining the Board as an Executive Director.Commenting on the new appointment, Mr. Ashok Reddy, Managing Director of TeamLease Services Limitedsaid, “TeamLease has a unique opportunity to innovate the intersection of education, employment andemployability by breaking down current barriers between demand and supply. As a co-Founder Rituparna hasbuilt TeamLease’s largest business; staffing has over Rs 5000+ crore in revenue. Given her strong understandingof the employability and employment intersection and abilities in scaling, sales, and policy advocacy, Rituparnacan be a great asset to the Board of TeamLease.

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‘Brief Profile of Ms. Rituparna ChakrabortyMs. Rituparna Chakraborty is an accomplished business leader with multi-faceted experience, passion forexcellence, and a proven ability to drive growth at scale. She has business experience of 23 years and as Co-Founder of TeamLease she has been instrumental in making TeamLease India’s largest people supply chaincompany. She is the only person from Asia to be included in the Global Power 100 and International 50Woman in Staffing and is the winner of the Telstra Business Woman in Asia Award. She has also won theFemina Super Achievers Award 2018. She was conferred the distinguished alumnus award at the 10th IndianManagement Conclave, 2019 as a GIM Batch of 99 Alumnus.

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She is also an AMP Alumnus of Columbia BusinessSchool batch of 2022.Besides scaling the staffing business to over IN 5000 crore business since its inception she has played anactive role in driving various public policy changes – the four labour codes being one of the primary ones. Shecontinues to be involved in forums like CIl, FICCI, ILO, IF within India and internationally to give a voice toimportant issues in the area of employment & employability.Rituparna is an eternal people optimist and a salesperson at heart who enjoys interacting with people andbuilding lasting relationships. She is driven by TeamLease’s vision of ‘Putting India to Work’ and providing theyouth of the country a job of dignity is at the heart of what she aspires for. She always says, “Not sure whetherwe can solve all of India’s job problems, but we shall die trying.”About TeamLease Services LimitedTeamLease Services is one of India’s leading human resource companies offering a range of solutions to 3500+employers for their hiring, productivity and scale challenges. A Fortune India 500 company listed on the NSE&BSE, TeamLease has hired 18 lakhs+ people over the last 18 years and has 2 lakhs+ open jobs every day. One ofIndia’s fastest growing employers, TeamLease also operates India’s first Vocational University and India’sfastest growing PPP National Employability through Apprenticeship Program (NETAP). The Company offerssolutions to large, medium and small clients across the 3Es of employment (1.6 lakhs+ employees),employability (2 lakhs+ students) and E-workforce (1000+ employers).