TeamLease Services Limited, one of India’s leading staffing companies, has announced two significant developments to strengthen its HR and staffing capabilities.

The company has signed a definitive agreement to acquire TSR Darashaw HR Services Private Limited, a trusted outsourcing solutions provider with over 40 years of expertise. Renowned for delivering customized payroll processing services, TSR Darashaw serves some of India’s top corporations, prioritizing integrity, service quality, and client satisfaction.

Additionally, TeamLease has received Board approval to acquire a stake in Crystal HR and Security Solutions Private Limited, the developer of the popular HR Tech platform, Wallet HR. With over 400 clients and 3 lakh users across industries, Wallet HR offers end-to-end, configurable HR software solutions from recruitment to retirement. Crystal HR’s 35+ years of expertise in HRM software and consulting ensures a seamless and transparent experience for its customers.

Both transactions are subject to customary closing conditions and statutory approvals, positioning TeamLease for enhanced service delivery and innovation in workforce management.

TOPICS: TeamLease