The company was originally incorporated as a private limited company under the Companies Act, 1956 on February 02, 2000 with Registrar of Companies, Mumbai, Maharashtra, India under the name India Life Chakravarti Actuarial Services Private Limited. The name of the Company was changed to Team Lease Services Private Limited and a fresh certificate of incorporation consequent upon change of name was issued on January 24, 2002. The Company was converted into a public limited company and the name of the Company was changed to Team Lease Services Limited and a fresh certificate of incorporation was issued on May 15, 2015. Further, the name of the Company was changed to TeamLease Services Limited and a fresh certificate of incorporation was issued on July 24, 2015. The changes in the name of the Company were made to align ourselves with the brand name `TeamLease` and leverage the value of the brand.

Team Lease Services Ltd is one of India`s leading providers of human resource services in the organized segment, ensuring the provision of a broad range of human resource services to various industries, with a vision to Putting India to Work, with 8 regional offices and over 1000 full time employees. The companies services span the entire supply chain of human resources in India, covering 3 E`s - Employment, Employability and Education.

In 2010, the company executed a strategic acquisition of IIJT.

In 2011, the company broadened its footprint operations into into a memorandum of understanding with the Government of Gujarat to establish a private university and also co-founded `Indian Staffing Federation` to professionalise the Indian staffing industry. The company also broadened its footprint operations into into a memorandum of understanding with the Government of Gujarat to establish a private university and in 2013 TLSU was created and deployed as a university under the Gujarat Private Universities Act.

In 2014, the company created and deployed public private partnership project for apprenticeship (NETAP.