TeamLease Services Limited, has announced the appointment of Narayan Ramachandran as the new Chairman (non-executive) of the company. Mr. Ramachandran is currently the Lead Independent Director and has been on the Board of the company since 2015.
An alumnus of University of Michigan and IIT Mumbai, Ramachandran is a certified Financial Analyst. He has over 34 years of experience in the areas of finance and institution building across geographies and was part of the founding team at RBL Bank and even served as its Chairman. He has also led the Global Emerging Markets division of Morgan Stanley in New York and Singapore, and was also the CEO and Country Head of Morgan Stanley in India.
“My association with the TeamLease Board began before the company’s IPO and it is an honour to assume this new role. Corporate India has been reconfiguring its people supply chains for years, but this revolution has been accelerated by COVID. TeamLease has a central role to play in this transformation and has demonstrated a willingness to take the long view. I look forward to working with my colleagues to accelerate this strategy,” said Narayan Ramachandran, Chairman (Non-Executive).
TeamLease has also announced a series of appointments and transitions in the roles comprising the Board of Directors. Manish Sabharwal, the Executive Chairman of the company has transitioned to the role of Executive Vice Chairman. Meenakshi Nevatia, Mekin Maheshwari and S. Subramaniam have been inducted as new Independent Directors on the Board; while Ramani Dathi has been redesignated as the Chief Financial Officer of the company.
Commenting on the Board reconstitution, Manish Sabharwal, Executive Vice Chairman said “This year we complete 20 years as a company and five years of being listed. It feels like a good time to start preparing for the next 20 years. The expansion of addressable markets, sustained growth rates and prudent governance are key pillars of our execution, strategy and today’s changes strengthen our abilities of Putting India to Work.”
TeamLease Services is an HR services company offering a range of solutions to 3500+ employers for their hiring, productivity and scale challenges. The company offers solutions to large, medium and small clients across the 3Es of employment (over 1.7 lakhs employees), employability (over 2 lakhs students) and Ease-of-doing Business (over 1000 employers). A Fortune India 500 company listed on the NSE & BSE, TeamLease has hired 18 lakhs+ people over the last 19 years.