Happiest Minds

Bengaluru, India Founded: 2011 • Age: 15 yrs
IT outsourcing services are delivered across multiple business lines.
Annual revenue $241.2M Latest available
Total funding $64.8M 6 rounds
Employees 5260 Tracked headcount
Investors 39 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About Happiest Minds

Happiest Minds is a company based in Bengaluru (India) founded in 2011 by Joseph Anantharaju. Happiest Minds has raised $64.83 million across 6 funding rounds from investors including Intel, Canaan and Sunil Kumar. The company has 5,260 employees as of March 31, 2024. Happiest Minds has completed 9 acquisitions, including Aureus Tech Systems, Cupola Technology and InnovazIT. Happiest Minds offers products and services including Managed Cloud Services, Security Services, and Analytics Services. Happiest Minds operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, NTT DATA and Mavenir, among others.

  • Headquarter Bengaluru, India
  • Employees 5260 as on 31 Mar, 2024
  • Founders Joseph Anantharaju
  • Stage Public
  • Sectors
    Business Services
    Technology
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Happiest Minds Technologies Ltd.
Operational Areas
Business Services → Digital Transformation & IT Services Unlock Sub-Sector Unlock Segment
Technology → Enterprise IT Services & Distribution Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $241.24 M (USD)
    26.85
    as on Mar 31, 2025
  • Net Profit
    $21.65 M (USD)
    -25.66
    as on Mar 31, 2025
  • EBITDA
    $42.26 M (USD)
    5.99
    as on Mar 31, 2025
  • Total Equity Funding
    $64.83 M (USD)

    in 6 rounds

  • Latest Funding Round
    $60.91 M (USD), Post-IPO

    Jul 18, 2023

  • Investors
    Intel

    & 38 more

  • Employee Count
    5260

    as on Mar 31, 2024

  • Investments & Acquisitions
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IPO & Listings of Happiest Minds

Happiest Minds is a publicly listed company on the NSE with ticker symbol HAPPSTMNDS in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: NSE · Ticker: HAPPSTMNDS · Sector: Technology services · India

Products & Services of Happiest Minds

Happiest Minds offers a comprehensive portfolio of products and services, including Managed Cloud Services, Security Services, and Analytics Services.

Product name locked
Category locked
Primary

Provides cloud infrastructure and optimization for enterprises

Product name locked
Category locked
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Delivers threat detection and data protection solutions

Product name locked
Category locked
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Offers big data engineering and AI-driven insights for businesses

People of Happiest Minds

Headcount 1000-5000
Employee Profiles 291
Board Members and Advisors 3
Employee Profiles
People
Chaitra J A
Software Engineer
People
Sridhar Mantha
President & CEO, Generative AI Business Services
People
Praveen Kumar Darshankar
Vice President & Head of Legal, Company Secretary & Compliance Officer
People
Desh Deepak
Module Lead

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Board Members and Advisors
people
Anita Ramachandran
Independent Director
people
Shuba Rao Mayya
Independent Director
people
Rajendra Srivastava
Director

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Funding Insights of Happiest Minds

Happiest Minds has successfully raised a total of $64.83M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $60.91 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Happiest Minds

Happiest Minds has secured backing from 39 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Intel, Canaan and Sunil Kumar.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Canaan is recognized as an early-stage venture capital firm.
Locked Locked Locked
Offers corporate, fiduciary, and fund services to clients worldwide efficiently.
Locked Locked Locked
Semiconductor ICs and microprocessors are designed and manufactured.
Locked Locked Locked
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Investor details for Happiest Minds

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Verified entity values are shown only after access is granted.

Investments & Acquisitions by Happiest Minds

Happiest Minds has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Aureus Tech Systems, Cupola Technology and InnovazIT.

Investments
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Investment portfolio details for Happiest Minds

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  • Transaction dates
  • Round details
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Data management and cloud computing services are provided globally.
Locked Locked 2018 Locked
Turnkey IT solutions are delivered to diverse industries worldwide.
Locked Locked 2013 Locked
Offshore product engineering in IoT and cloud technologies is provided.
Locked Locked 2011 Locked
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Complete acquisition details for Happiest Minds

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  • Acquired stakes
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Financial Statements - Happiest Minds

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Detailed financials for Happiest Minds

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  • Profit trends
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Happiest Minds Comparisons

Happiest Minds Primary company
Description
IT outsourcing services are delivered across multiple busine...
Location
Bengaluru, India
Founded Year
2011
Annual Revenue
$241.24 M (USD)
Net Profit
$21.65 M (USD)
EBITDA
$42.26 M (USD)
Employees
5,260
As of 2024
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Peer comparison for Happiest Minds

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  • Named peers
  • Headcount comparison
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  • Operating benchmarks

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Competitors of Happiest Minds

Happiest Minds operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, NTT DATA and Mavenir, among others.

Company Name Domain Founded year HQ Location Description
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Multi-access edge networking computing platform is provided for mobile services.
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Detailed competitors of Happiest Minds

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Happiest Minds

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Complete news archive for Happiest Minds

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  • Older coverage
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Frequently Asked Questions about Happiest Minds

Happiest Minds was founded in 2011.

Happiest Minds is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Joseph Anantharaju is the current CEO of Happiest Minds. They have also founded this company.

Happiest Minds is a funded company, having raised a total of $64.83M across 6 funding rounds to date.

As of Mar 31, 2024, the latest employee count at Happiest Minds is 5,260.

Annual revenue of Happiest Minds is $241.24M as on Mar 31, 2025.

IT outsourcing firm focusing on six lines of businesses, namely IT services, RD services, product engineering services, remote infrastructure management, testing and consulting. Along with technology solutions and services, provides SaaS solutions such as ComplianceVigil, ThreatVigil, IdentityVigil and CyberVigil. These products provide cloud based compliance management, on-demand threat management and remediation, identity access governance, identity management and a cyber security platform solution. For the quarter-ended March 31, 2015 the company reached an annualized revenue rate of 50M with 60 of business coming from US and has also reported it broke-even during the quarter. Headquartered in Bangalore, it has fourteen offices spread over major business centres in the USA, UK, Singapore, Canada and Australia. Its investors include JPMorgan Private Equity Group, Canaan Capital and Intel Capital. Acquired IoT services company Cupola Technology for an undisclosed amount in May 2017 and US-based digital transformation firm OSSCube in June 2017.

Happiest Minds's top competitors include Mavenir, GirnarSOFT and 1&1 IONOS.

Happiest Minds offers Managed Cloud Services, Security Services, and Analytics Services.

Yes, Happiest Minds is publicly traded on NSE under the ticker symbol HAPPSTMNDS.

Happiest Minds has made 9 acquisitions, including Aureus Tech Systems, Cupola Technology, and InnovazIT.

Happiest Minds has 39 investors. Key investors include Intel, Canaan, Sunil Kumar, Lip-Bu Tan, and Trident Trust.

The ticker symbol of Happiest Minds is HAPPSTMNDS on NSE.

The valuation of Happiest Minds is $15.44B as of Apr 2018.

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