TeamLease Services Ltd. (TEAMLEASE:NSI), a Bangalore, India-based staffing provider reported revenue rose 35.0% in its fiscal fourth quarter ended 31 March and headcount rose by 25%.

Headcount in its “general staffing” segment rose 22% year over year with the highest ever net addition of more than 34,000 associates from the prior year’s quarter. IT staffing headcount rose 33%.

“Our diversified client portfolio has enabled us score growth across all industries and businesses, contributing to a net headcount addition of 57,000 associates during the year,” Managing Director Ashok Reddy said.

TeamLease also on Wednesday announced the appointment of Rituparna Chakraborty as executive director.

“As a co-founder, Rituparna has built TeamLease’s largest business; staffing has over [INR 50 billion] in revenue,” Reddy said. “Given her strong understanding of the employability and employment intersection and abilities in scaling, sales and policy advocacy, Rituparna can be a great asset to the board of TeamLease.”

TeamLease also reports results by three segments:

• General staffing and allied services, which comprises staffing operations, temporary recruitment and payroll & NETAP (apprenticeship program).
• Specialised staffing services, which comprises IT staffing operations and telecom staffing operations.
• Other HR services, which comprises permanent recruitment, regulatory compliance, training operations, job portal and education technology.

Revenue by segment

TeamLease has more than 3,500 clients and has offices across all 28 Indian states.

Full-year results

Share price and market cap

Shares in TeamLease closed down 2.17% to INR 3,407.45 (USD 43.96) on Wednesday; shares were 6.48% above their 52-week low, according to FT.com. The company had a market cap of INR 58.87 billion (USD 759.4 million).