TeamLease Announces Board Changes, Appoints New MD & CEO
Filing Summary
TeamLease Services Limited has announced changes in its Board of Directors, appointing Suparna Mitra as the new Managing Director and Chief Executive Officer, effective February 2, 2026. Suparna Mitra will succeed Ashok Reddy, who will transition to the role of Executive Vice Chairman. Manish Sabharwal will step down from executive duties but remain as a Non-Executive Non-Independent Director. The leadership transition aligns with TeamLease’s long-term succession planning. TeamLease, a major staffing company in India, continues its focus on staffing, skilling, and compliance.
TeamLease Services Limited has announced a leadership transition involving changes in the composition of its Board of Directors. The company has appointed Ms. Suparna Mitra as the new Managing Director and Chief Executive Officer, effective February 2, 2026. She will succeed Mr. Ashok Reddy, the current Managing Director and CEO. Mr. Manish Sabharwal will step down from his executive responsibilities but will continue to serve as a Non-Executive Non-Independent Director. Mr. Narayan Ramachandran will maintain his position as Chairman of the Board.
The filing does not specify any financial terms or payment structures related to the leadership transition. The focus remains on the strategic realignment of roles within the company’s executive team. The transition is part of TeamLease’s long-term succession planning and governance strategy.
The scope of the leadership transition includes Ms. Suparna Mitra taking over the responsibilities of the Managing Director and CEO. Mr. Ashok Reddy, in his new role as Executive Vice Chairman, will collaborate with Ms. Mitra to ensure a seamless transition. He will support her in long-term strategy development, horizontal projects, and building adjacencies. The transition aims to maintain continuity in the company’s operations and strategic initiatives.
TeamLease Services Limited is one of India’s largest staffing companies, providing a range of solutions to over 4,000 employers. The company operates across various sectors, offering services in staffing, skilling, and compliance. TeamLease has hired over 24 lakh people in the past 25 years and continues to focus on employment, employability, and e-workforce solutions. The company has expanded into new business verticals, including NETAP, specialized staffing, HRTech, RegTech, and EdTech.
The leadership changes will take effect on February 2, 2026. The transition involves key figures within the company, including Ms. Suparna Mitra, Mr. Ashok Reddy, and Mr. Manish Sabharwal. The company aims to ensure a smooth transition and continued focus on its strategic goals.
TeamLease Services Limited is a leading staffing company in India, offering a wide range of solutions to address hiring, productivity, and scale challenges for employers. The company is listed on the NSE and BSE and has a significant presence across India. TeamLease continues to focus on expanding its services and maintaining its position as a key player in the staffing industry.