Teamlease Services Limited
Axis Mutual Fund has fallen off the latest shareholder list for Teamlease Services Limited, meaning the fund either exited completely or trimmed its previous 1.2 percent stake to just under the 1 percent disclosure threshold.
A provider of comprehensive employment-related services, Team Lease Services operates across India offering staffing, recruitment, training, payroll processing, and regulatory compliance solutions. The company specializes in helping organizations manage their workforce requirements and human resources administration across multiple sectors. Its diversified portfolio of commercial services addresses the complete employment lifecycle for corporate clients nationwide.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.