TeamLease Services has announced a leadership transition as part of its long-term succession plan. The Board has appointed Suparna Mitra as Managing Director & Chief Executive Officer, effective February 02, 2026, succeeding current MD and CEO Ashok Reddy.
The company has stated that co-founder Manish Sabharwal has stepped down from his executive responsibilities but has continued as a Non-Executive Non-Independent Director, while Narayan Ramachandran has continued in his role as Chairman.
Ashok has transitioned into the role of Executive Vice Chairman and has worked with Mitra to ensure a smooth handover, including support on long-term strategy and business adjacencies.
Mitra has joined TeamLease from Titan Company, where she has held multiple senior leadership roles and has gained experience across technology-driven business transformation and large-scale organisation management.
Reddy said, “This transition is the logical next step for Manish and me. Our executive roles were always distinct from our board member and shareholder roles, which continue. The next orbit for Teamlease – higher margins, faster growth and institutionalisation – will benefit from leadership instincts that are fresh and different from ours. Suparna brings a powerful combination of strategic thinking, consumer insight, and technology orientation that accelerates TeamLease’s mission of putting India to work.”
Mitra said, “I am honoured to join TeamLease at such a pivotal moment for India and its employment landscape. TeamLease has built a unique foundation across staffing, skilling, and compliance, touching millions of lives every year. I look forward to working with the Board and the leadership team to unlock the next phase of growth, digital innovation, and social impact.”
Narayan Ramachandran said, “We are delighted to welcome Suparna as the new MD & CEO of TeamLease. She is a proven transformation architect who has scaled large consumer and technology-driven businesses with a rare blend of strategic foresight and operational discipline. Her cross-sector experience and deep understanding of customers, technology, and people make her an ideal leader for the next chapter of TeamLease.”
“On behalf of the Board, I would like to express our deep gratitude to Manish and Ashok. Their entrepreneurial leadership has shaped TeamLease into India’s foremost human capital powerhouse, listed, profitable, and purpose-driven. Over the past 23 years, TeamLease has grown to revenues of over ₹11,000 crore, pan-India operations across 800+ locations, and a 4x growth in EBITDA since listing. They steered the company through multiple economic cycles, including the 2008 recession and the 2020–21 pandemic while expanding into new business verticals such as NETAP, Specialised staffing, HRTech, RegTech, and EdTech. Their vision has impacted millions of careers and shaped India’s labour market reforms. We look forward to their continued contributions in their new roles.”
