This acquisition will enable TeamLease to expand its reach and enter the IT staffing space for its esteemed IT clients, to whom it was only providing non-IT staffing services till now.

The recruitment, staffing, payroll and compliance management services company — earlier known as Ikya Human Capital Solutions—was acquired by Thomas Cook in May, 2013.

In a career spanning over 30 years, Vivek Kumar, chief human resources officer, Indus Towers, has worked with both the public and the private sector, and has managed people across industries. 

A confident risk-taker and a people-focused leader, he shares his interesting journey with HRKatha.

The bill will cover establishments such as shops, malls and cinema halls, which employs ten or more workers except manufacturing units and allow them to operate 365 days in a year.

The company proposes to utilise the net proceeds of the issue for repayment of debt availed by the company, funding capital expenditure requirements and fresh acquisitions.

These four institutions are Swami Vivekananda University (West Bengal), St Xavier’s College of Arts and Science (Ahmedabad), Central University of Rajasthan (Rajasthan) and St Joseph’s College (Bengaluru).