Step-down wholly owned subsidiary incorporated in Delaware, USA

TeamLease Digital Private Limited, a wholly owned subsidiary, has incorporated TL Business Solutions Inc. in Delaware, USA on September 23, 2026 — making it a step-down wholly owned subsidiary.

Thu 24 Sep 2026

Incorporation Date

September 23, 2026

Jurisdiction

Delaware, USA

Authorized Capital

1,050,000 shares of USD 0.10 par value each, aggregating USD 105,000

Shareholding

100% held by TeamLease Digital Private Limited

Purpose

Expand staffing and business solutions in international markets, especially the US

What happened

TeamLease Digital Private Limited (TDPL), a wholly owned subsidiary of TeamLease Services Limited, has incorporated a new company in the United States named TL Business Solutions Inc.. As a result, the new entity becomes a step-down wholly owned foreign subsidiary of TeamLease Services Limited.

• Incorporated on September 23, 2026 under Delaware General Corporation Law
• Registered office: 16192 Coastal Highway, Lewes, County of Sussex, Delaware
• Industry: staffing, talent solutions and workforce management services

Capital details

• Authorized capital: 1,050,000 shares of USD 0.10 par value each
• Aggregating to USD 105,000
• TDPL holds 100% of the share capital

The cost of incorporation comprises the initial subscribed/paid-up capital plus nominal consultancy charges and statutory fees payable under applicable law.

Why it was done

The company states the incorporation will facilitate expansion of its staffing and business solutions in international markets, particularly in the United States, and strengthen its global presence.

Related party angle

The new entity is a related party by virtue of being a step-down wholly owned subsidiary. The promoters/promoter group do not have any direct interest in it. Since it is a wholly owned subsidiary, the arm's length concept is stated as not applicable at this stage.

How to read this

Being newly incorporated, the entity has no operational or financial history, and size/turnover figures are not yet available. This is an early-stage structural step toward a US market presence rather than an immediate revenue event.

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