TeamLease to Acquire IT Staffing Business of E Centric Solutions

Deepthi | Myequity news | Date : 11-02-2019 15:10:00 IST

TeamLease Services Limited, one of India’s largest staffing companies, and E Centric Solutions Private Limited (‘eCentric’), a leading staffing company, today announced the signing of a definitive agreement vide which TeamLease, through its wholly owned subsidiary TeamLease Digital Private Limited (‘TL Digital’), acquires the IT staffing business of eCentric by way of business transfer/ slump sale arrangement. The transaction is expected to close before the end of April 2019.

About eCentric and IT staffing in India

eCentric is a Hyderabad-based HR Services company. The IT Staffing vertical, operating since 2014, has over 100 core employees, 880 associates deployed across 20+ clients, with a turnover of over Rs.45 crore p.a.

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