Happiest Minds

Bengaluru, India Founded: 2011 • Age: 15 yrs Listed
IT outsourcing services are delivered across multiple business lines.
Request Access
Report Incorrect Data
Page last updated

About Happiest Minds

Happiest Minds is a publicly listed company based in Bengaluru (India) founded in 2011 by Joseph Anantharaju. IT outsourcing services are delivered across multiple business lines. It operates in the Business Services and Technology sectors. 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. Happiest Minds has completed 9 acquisitions, including Aureus Tech Systems, Cupola Technology and InnovazIT. Happiest Minds was last valued at $15.44 billion in April 2018. Its chief executive, as recorded, is Joseph Anantharaju. Its website happiestminds.com draws about 73 thousand monthly visits. Its Indian entity Happiest Minds Technologies Limited reported revenue of ₹2,418 Cr. Happiest Minds offers products and services including Managed Cloud Services, Security Services, and Analytics Services. Its focus areas include IT Services, Suite, Digital Transformation Services and Horizontal. Its competitors include GirnarSOFT and Datamatics; 2 of its 2 listed competitors have raised funding.

Company details

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.

Recognitions & Rankings of Happiest Minds

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#429
Valuation
₹11,610 Cr
2023 #299 2022 #247 2021 #204
  • Headquarters Bengaluru, India
  • Employees 5,260
  • Founders Joseph Anantharaju
  • Stage Public
  • Sectors
    Business Services
    Technology
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website happiestminds.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Happiest Minds Technologies Ltd.
Operational Areas
Business Services → Digital Transformation & Automation Services
Technology → IT Services & Operations
Key Metrics
  • Market Cap
    ₹4,658 Cr

    HAPPSTMNDS · NSE

  • Share Price
    ₹311.25

    +1.75% today

  • Revenue
    ₹2,317 Cr

    FY 2025-26 · +12.3% YoY

  • EBITDA
    ₹369 Cr

    Margin 15.9%

  • Net Profit
    ₹226 Cr

    FY 2025-26 · +17.2% YoY

  • P/E (TTM)
    19.3x

    P/B 2.7x

  • ROE
    13.0%

    ROCE 12.2%

  • Debt / Equity
    0.84

    Interest cover 34.7x

  • Total Equity Funding
    $64.83M (USD)

    in 6 rounds

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

    Jul 2023

  • Investors
    Intel

    & 38 more

  • Employee Count
    5,260
  • Investments & Acquisitions
    Aureus Tech Systems

    & 8 more

Products & Services of Happiest Minds

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

Managed Cloud Services
Cloud Management

Provides cloud infrastructure and optimization for enterprises

Security Services
Cyber Security

Delivers threat detection and data protection solutions

Analytics Services
Data Analytics

Offers big data engineering and AI-driven insights for businesses

Apps and channels of Happiest Minds

its YouTube channel Happiest Minds has 3.47K subscribers and 30 videos.

Happiest Minds
YouTube 3.47K subscribers 30 videos Science & Technology
Open channel

Videos from Happiest Minds

The most watched videos on Happiest Minds's YouTube channel, Happiest Minds (3.47K subscribers). Click a video to play it here.

Agentic AI & the Future of Healthcare | Conversations with Vistas
1.1K views
Driving Business Transformation for Coca Cola United powered by Digital, Data & AI
1K views
H1B Visa Fee Hike: MD Venkatraman Narayanan shares insights with CNBC-TV18 | Happiest Minds
810 views
MD Venkatraman speaks to NDTV Profit | Niraj Shah
328 views

More on Happiest Minds.

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.

  • Total Funding $64.83M
  • Total Rounds 6
  • Last Round Post-IPO — $60.91M
  • First Round $46.69M

    (Oct 2011)

  • Investors Count 39

All 6 funding rounds of Happiest Minds with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2023$60.91MPost-IPO––
–
Apr 2018$32,323Angel Round$15.44BSunil Kumar
–
Apr 2017$263,024Angel Round$16.04BLip-Bu Tan
–
Sep 2016$10.55MSeries B$•••••Trident Trust
Intel, Ashok Soota
Aug 2014$7.29MSeries A$•••••Canaan
Intel, Ashok Soota
Oct 2011$46.69MSeries A$•••••Canaan
Intel, Ashok Soota
Valuation history
DateValuationStage
Apr 2018$15.44B••••••••
Apr 2017$16.04B••••••••
Sep 2016$•••••••••••••
Aug 2014$•••••••••••••
Oct 2011$•••••••••••••
Premium access

Full valuation and stage history of Happiest Minds

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

  • All valuation points
  • Stage changes
  • Dates
  • Exports

Verified entity values are shown only after access is granted.

Last known valuation $15.44B (Apr 2018). 39 investors in total: 3 institutional and 36 angel.

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
InvestorDescriptionFounded YearDomainLocation
Canaan
Canaan is recognized as an early-stage venture capital firm.
1987canaan.comSan Francisco, United States
Trident Trust
Offers corporate, fiduciary, and fund services to clients worldwide efficiently.
1978tridenttrust.comNassau City, Bahamas
Intel
Semiconductor ICs and microprocessors are designed and manufactured.
1968intel.comSanta Clara, United States

Sunil Kumar

unknown_6b3b5601f3b346959

Lip-Bu Tan

unknown_80294926aae04096a

Ashok Soota

Veteran IT entrepreneur, angel investor, co-founder of Mindtree and Happiest Minds.
unknown_28cdf833ec4442848

Ganapathi T B

unknown_cdf667b91e184bec8

Sashi Kumar

unknown_484edfce2e554eb0b

Dattatreya Salagame

Angel investor, ex-Amazon leader, focused on tech startups
unknown_9817c44f2bce46328

N Venkatraman

unknown_bb81980bfcf2414f9
Premium access

Investor details for Happiest Minds

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Happiest Minds Technologies Limited (Happiest Minds)

Happiest Minds Technologies Limited is the primary company behind Happiest Minds. The board of Happiest Minds Technologies Limited currently have 7 directors; the longest-serving is Ashok Soota, appointed in 2011. 13 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ashok Soota
DIN 00145962
Whole-time director01 Apr 201115 yrs 7 moHappiest Minds Technologies Limited
Venkatraman Narayanan
DIN 01856347
Managing Director16 Jan 20188 yrs 9 moHappiest Minds Technologies Limited
Shuba Rao Mayya
DIN 08193276
Director04 Jun 20206 yrs 5 moHappiest Minds Technologies Limited
Rajendra Kumar Srivastava
DIN 07500741
Director04 Jun 20206 yrs 5 moHappiest Minds Technologies Limited
Anita Ramachandran
DIN 00118188
Director04 Jun 20206 yrs 5 moHappiest Minds Technologies Limited
Joseph Vinod Kumar Anantharaju
DIN 08859640
Whole-time director04 Nov 20205 yrs 11 moHappiest Minds Technologies Limited
Seshashayee Sampathiyengar Sridhara
DIN 09247644
Director05 Aug 20242 yrs 2 moHappiest Minds Technologies Limited

People of Happiest Minds

293 people are tracked at Happiest Minds (110 in leadership, 3 in board & advisors, 180 in team); the tracked headcount is 5,260.

NameRoleGroup
Joseph Anantharaju
Co-Founder & CEOLeadership
Sridhar Mantha
President & CEO, Generative AI Business ServicesLeadership
Praveen Kumar Darshankar
Vice President & Head of Legal, Company Secretary & Compliance OfficerLeadership
Ram Mohan C
President & CEO, Infrastructure Management & Security Services (IMSS)Leadership
Gautam Sitesh
Vice PresidentLeadership
Shivashankar Iyer R
Associate Director - Business OperationsLeadership
Dhana Sekaran
Senior Director Of EngineeringLeadership
Sumit Kumar
Sales Director - Automotive, Manufacturing And IndustrialsLeadership
Shwetha H
Talent PartnerLeadership
Sunil Kumar G
Director Of Information TechnologyLeadership
Nitin Gaur
Senior DirectorLeadership
Chenna Reddy Keelam
Associate Director - Talent AcquisitionLeadership
Ashok Soota
Chairman & Chief MentorLeadership
Shantanu Muni
Sr. Director Sales - Communication, Media & TechnologyLeadership
Viswanath Subramaniam
Vice PresidentLeadership
Abhishek Pakhira
CEO, Aureus BusinessLeadership
Manish Sharma
CEO, PureSoftware BusinessLeadership
Sameer Jain
Chief Business Officer, PureSoftware BusinessLeadership
Rajesh Chandran Sogasu
Head, Talent Acquisition & L&DLeadership
Isaac George
Geo Head & Sales Head, PDES, UK & EuropeLeadership

273 more people are available in the full profile.

Premium access

Complete people profiles for Happiest Minds

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

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.

  • IPO date17 Sep 2020
  • Listed onNSE: HAPPSTMNDS · BSE: 543227
  • Listed entityHappiest Minds Technologies Ltd.
  • Exchange sectorTechnology services
  • ISININE419U01012
  • Share price₹324.20 (+1.2% on the day) · 2026-10-14
  • Market capitalisation₹4,873 Cr
  • Price to earnings21.9
  • EPS (diluted, trailing year)₹14.82
  • Dividend yield2%
  • Volume (last session)1,108,422

Financials of Happiest Minds

Exchange-reported figures of Happiest Minds Technologies Limited, the listed company behind Happiest Minds (NSE: HAPPSTMNDS).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,317 Cr
+12.3% YoY
EBITDA
₹369 Cr
+11.5% YoY
Profit After Tax
₹226 Cr
+17.2% YoY
Net Worth
₹1,689 Cr
+7.3% YoY
Total Assets
₹3,294 Cr
+11.3% YoY
Total Debt
₹1,494 Cr
+20.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,3172,0631,6271,4291,094773698
Revenue growth+12.3%+26.8%+13.8%+30.7%+41.4%+10.8%-
EBITDA36933133635325219185.84
EBITDA margin+15.9%+16.0%+20.7%+24.7%+23.0%+24.8%+12.3%
Profit before tax28425533531024618673.61
Net profit22619323823618616282.71
Net profit margin+9.8%+9.3%+14.7%+16.5%+17.0%+21.0%+11.9%
EPS (₹)14.1512.3116.6316.1212.7011.4516.32
Balance sheet
Total assets3,2942,9612,0301,417947780392
Net worth1,6891,5751,480839666546265
Total debt1,4941,244512534250193114
Cash & bank9131,0581,337692168145190
Net working capital1,2801,3011,573870290218245
Cash flow
Cash from operations261236213207168144112
Cash from investing(117)(731)(537)(348)(95.88)(271)(71.62)
Cash from financing(144)49936372.07(90.78)169(13.34)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue629604588574550545531522
Revenue growth (YoY)+14.3%+10.9%+10.7%+10.0%+18.6%---
Other income23.6921.0515.7221.6130.0325.9522.9627.03
EBITDA11810485.0798.6594.0271.7293.9091.80
EBITDA margin+18.7%+17.2%+14.5%+17.2%+17.1%+13.2%+17.7%+17.6%
Depreciation22.6321.5622.0722.1922.3622.5520.9923.12
Interest28.4622.6124.5225.4124.8224.7426.9327.99
Profit before tax90.2080.4854.2072.6676.8750.3868.9467.72
Tax22.6019.3113.9018.6419.7416.3818.8418.20
Net profit67.6061.1740.3054.0257.1334.0050.1049.52
EPS (₹)4.484.062.673.593.792.263.333.29
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,7271,5961,4751,3341,034761698
Revenue growth+8.2%+8.2%+10.6%+29.1%+35.8%+9.0%-
EBITDA23921228932124619087.57
EBITDA margin+13.8%+13.3%+19.6%+24.1%+23.8%+25.0%+12.5%
Profit before tax27020732529225118675.33
Net profit24117224521618616284.43
Net profit margin+14.0%+10.8%+16.6%+16.2%+18.0%+21.3%+12.1%
EPS (₹)14.9210.3616.4515.1013.0711.4216.71
Balance sheet
Total assets3,1502,7532,0201,410936780392
Net worth1,6371,5241,474826670547266
Total debt1,4211,176512543250193114
Cash & bank8489851,324674157139190
Net working capital1,2121,1741,565868293214246
Cash flow
Cash from operations87.73133189172159150113
Cash from investing(22.76)(650)(506)(342)(111)(284)(72.37)
Cash from financing(53.29)450358102(72.17)169(12.80)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue561543433430491388404403
Revenue growth (YoY)+14.1%+40.0%+7.2%+6.8%+31.9%---
Other income23.6216.1015.7239.0029.5761.9022.2826.53
Total expenses461452393363409376341334
EBITDA10091.3340.0967.7982.0211.8062.1769.45
EBITDA margin+17.8%+16.8%+9.3%+15.7%+16.7%+3.0%+15.4%+17.2%
Depreciation19.9618.8012.9213.1019.2112.6412.9212.66
Interest27.3520.3923.3023.9422.9924.1324.3424.93
Profit before tax76.3268.2419.5969.7569.3936.9347.1958.39
Tax19.4418.545.5613.5218.186.4412.7615.46

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue629604588574550545531522
Revenue growth (YoY)+14.3%+10.9%+10.7%+10.0%+18.6%---
Other income23.6921.0515.7221.6130.0325.9522.9627.03
EBITDA11810485.0798.6594.0271.7293.9091.80
EBITDA margin+18.7%+17.2%+14.5%+17.2%+17.1%+13.2%+17.7%+17.6%
Depreciation22.6321.5622.0722.1922.3622.5520.9923.12
Interest28.4622.6124.5225.4124.8224.7426.9327.99
Profit before tax90.2080.4854.2072.6676.8750.3868.9467.72
Tax22.6019.3113.9018.6419.7416.3818.8418.20
Net profit67.6061.1740.3054.0257.1334.0050.1049.52
EPS (₹)4.484.062.673.593.792.263.333.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,3172,0631,6271,4291,094773698
Revenue growth+12.3%+26.8%+13.8%+30.7%+41.4%+10.8%-
Other income10111399.3921.1137.1024.2416.02
Total expenses1,9481,7321,2911,077842582612
Employee cost1,5611,3651,015807620452441
EBITDA36933133635325219185.84
EBITDA margin+15.9%+16.0%+20.7%+24.7%+23.0%+24.8%+12.3%
Depreciation88.1988.7058.2941.9132.8822.7420.23
Interest97.3699.4842.2721.869.956.978.02
Profit before tax28425533531024618673.61
Tax71.5970.8086.2978.8764.6523.561.90
Net profit22619323823618616282.71
Net profit margin+9.8%+9.3%+14.7%+16.5%+17.0%+21.0%+11.9%
EPS (₹)14.1512.3116.6316.1212.7011.4516.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital30.0530.0129.8728.6628.5428.3745.13
Reserves & surplus1,6591,5451,450810637518220
Shareholders' funds (net worth)1,6891,5751,480839666546265
Minority interest0.000.000.000.000.000.000.00
Secured loans1,09684031740019116678.43
Unsecured loans39840319513459.1126.4535.47
Total debt1,4941,244512534250193114
Total liabilities3,2942,9612,0301,417947780392
Assets
Gross block1,4031,38652648819715873.04
Net block1,1721,21141343215812837.81
Capital work in progress1.650.180.312.660.350.140.17
Investments5043500.0012.9647239183.37
Inventories0.000.000.000.000.000.000.00
Sundry debtors390358254213167122115
Cash & bank balances9131,0581,337692168145190
Loans & advances26923418716812885.9557.30
Total current assets1,5721,6511,7781,073463353362
Total current liabilities292350205203173135116
Net working capital1,2801,3011,573870290218245
Total assets3,2942,9612,0301,417947780392
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11911569.9967.2985.8343.5316.27
Net cash from operating activities261236213207168144112
Net cash from investing activities(117)(731)(537)(348)(95.88)(271)(71.62)
Net cash from financing activities(144)49936372.07(90.78)169(13.34)
Net change in cash0.544.4238.98(68.49)(18.54)42.3027.26
Closing cash9131,0581,337692168145190
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.3%+26.8%+13.8%+30.7%+41.4%+10.8%-
EBITDA growth+11.5%-1.5%-4.7%+40.1%+31.4%+123.1%-
PBT growth+11.3%-23.7%+8.0%+26.0%+32.2%+152.7%+467.1%
Net income growth+17.2%-19.2%+1.2%+26.9%+14.3%+96.4%-
Revenue CAGR (3Y)+17.5%+23.6%+28.1%+27.0%+22.8%--
EBITDA CAGR (3Y)+1.5%+9.6%+20.6%+60.1%+81.3%--
Profitability & leverage
Net income margin+9.2%+9.0%+15.3%+16.2%+16.6%+21.0%+10.3%
Return on capital employed+12.2%+14.2%+21.9%+28.1%+29.6%+31.4%+23.3%
Return on net worth+13.0%+12.1%+21.4%+30.7%+29.9%+39.1%+34.3%
Debt / equity0.840.570.450.520.370.381.18
Long-term debt / equity0.240.180.130.150.090.080.28
Interest cover34.6941.0615.237.044.554.1312.22
Efficiency & per share
Fixed asset turnover1.662.163.214.176.176.718.73
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover6.196.746.967.517.566.535.72
EPS (₹)14.1512.3116.6316.1212.7011.4516.32
Dividend per share (₹)6.256.005.755.403.753.000.00
Book value per share (₹)112.45104.9499.1158.5446.6638.4952.10
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue561543433430491388404403
Revenue growth (YoY)+14.1%+40.0%+7.2%+6.8%+31.9%---
Other income23.6216.1015.7239.0029.5761.9022.2826.53
Total expenses461452393363409376341334
EBITDA10091.3340.0967.7982.0211.8062.1769.45
EBITDA margin+17.8%+16.8%+9.3%+15.7%+16.7%+3.0%+15.4%+17.2%
Depreciation19.9618.8012.9213.1019.2112.6412.9212.66
Interest27.3520.3923.3023.9422.9924.1324.3424.93
Profit before tax76.3268.2419.5969.7569.3936.9347.1958.39
Tax19.4418.545.5613.5218.186.4412.7615.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,7271,5961,4751,3341,034761698
Revenue growth+8.2%+8.2%+10.6%+29.1%+35.8%+9.0%-
Other income17513711322.3437.7123.4215.98
Total expenses1,4891,3841,1861,013788571611
Employee cost1,1931,089948787612450441
EBITDA23921228932124619087.57
EBITDA margin+13.8%+13.3%+19.6%+24.1%+23.8%+25.0%+12.5%
Depreciation51.1450.5334.3029.9624.2320.6320.23
Interest92.2391.1342.2721.508.306.927.99
Profit before tax27020732529225118675.33
Tax46.1951.9779.2375.3064.3724.091.90
Net profit24117224521618616284.43
Net profit margin+14.0%+10.8%+16.6%+16.2%+18.0%+21.3%+12.1%
EPS (₹)14.9210.3616.4515.1013.0711.4216.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital30.0530.0129.8728.6628.5428.3745.13
Reserves & surplus1,6071,4941,444797641518220
Shareholders' funds (net worth)1,6371,5241,474826670547266
Secured loans1,01377931742319116678.43
Unsecured loans40839819512059.1126.4535.43
Total debt1,4211,176512543250193114
Total liabilities3,1502,7532,0201,410936780392
Assets
Gross block42042226823273.2156.0463.73
Net block29131620319963.4828.9237.80
Capital work in progress0.830.180.312.660.350.140.17
Investments1,3031,13319719752448983.37
Inventories0.000.000.000.000.000.000.00
Sundry debtors339281232199161116115
Cash & bank balances8489851,324674157139190
Loans & advances24618819716112285.2557.30
Total current assets1,4331,4541,7531,034440340362
Total current liabilities221280188166147126116
Net working capital1,2121,1741,565868293214246
Total assets3,1502,7532,0201,410936780392
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash45.9611359.6656.0179.5243.5016.05
Net cash from operating activities87.73133189172159150113
Net cash from investing activities(22.76)(650)(506)(342)(111)(284)(72.37)
Net cash from financing activities(53.29)450358102(72.17)169(12.80)
Net change in cash11.68(67.17)41.43(67.54)(23.51)36.0227.45
Closing cash8489851,324674157139190
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+8.2%+8.2%+10.6%+29.1%+35.8%+9.0%-
EBITDA growth+12.4%-26.6%-10.0%+30.6%+29.2%+117.1%-
PBT growth+30.3%-36.2%+11.4%+16.3%+34.9%+146.9%+1732.9%
Net income growth+40.0%-29.6%+13.1%+16.1%+15.1%+91.8%-
Revenue CAGR (3Y)+9.0%+15.6%+24.7%+24.1%+20.5%+19.7%+17.5%
EBITDA CAGR (3Y)-9.4%-4.8%+15.0%+54.2%+103.9%-+378.4%
Profitability & leverage
Net income margin+13.0%+9.7%+16.7%+16.2%+18.0%+21.3%+10.5%
Return on capital employed+12.3%+13.5%+21.4%+26.7%+30.2%+31.5%+17.9%
Return on net worth+14.2%+11.5%+21.4%+28.9%+30.7%+39.0%+35.1%
Debt / equity0.820.560.460.530.360.382.51
Long-term debt / equity0.220.180.140.150.090.080.29
Interest cover49.2156.3816.617.393.754.0811.87
Efficiency & per share
Fixed asset turnover4.104.635.908.7515.9912.7110.27
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover5.576.226.857.417.456.595.76
EPS (₹)14.9210.3616.4515.1013.0711.4216.71
Dividend per share (₹)6.406.005.755.403.753.000.00
Book value per share (₹)108.93101.5998.6757.6446.9338.5452.17

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.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
InnovazIT
Turnkey IT solutions are delivered to diverse industries worldwide.
innovazit.comDubai, United Arab Emirates2013Feb 2025••••
Aureus Tech Systems
Provider of digital transformation solutions
aureustechsystems.comCentennial, United States2008May 2024$8.5M
PureSoftware
BPO services are provided for financial, healthcare, and other sectors.
puresoftware.comNoida, India2005Apr 2024$94.5M
Macmillan Education India
Macmillan Education India is engaged in providing educational solutions and digital learning platforms.
macmillaneducation.inBengaluru, India1843Apr 2024$538,556
Sri Mookambika Infosolutions
Provider of IT services suite solutions
mookambikainfo.comMadurai, India2006Jan 2023$16.8M
Pimcore Global Services
Data management and cloud computing services are provided globally.
pgs.coHouston, United States2018Jan 2021$8.25M
Pimcore
Cloud-based platform for digital experience management is provided.
pimcore.comSalzburg, Austria2009Jan 2021$8.25M
OSSCube
Cloud and big data services are offered by OSSCube.
osscube.comHouston, United States2006Jun 2017••••
Cupola Technology
Offshore product engineering in IoT and cloud technologies is provided.
cupolatechnology.comBengaluru, India2011May 2017••••
Premium access

Complete acquisition details for Happiest Minds

Acquired stakes, deal sources and the complete acquisition history require an active premium plan.

  • Acquired stakes
  • Deal sources
  • Complete history
  • Exports

Verified entity values are shown only after access is granted.

Timeline of Happiest Minds

15 dated milestones of Happiest Minds across 14 years, from founding to its latest funding, stage changes and deals.

  1. Founded Happiest Minds is founded.
  2. Funding First funding round of $46.7M.
  3. Milestone Reaches Unicorn status.
  4. Milestone Reaches Decacorn status.
  5. Acquisition Acquires Cupola Technology.
  6. Acquisition Acquires OSSCube.
  7. IPO Lists on the stock exchange (IPO).
  8. Acquisition Acquires Pimcore.
  9. Acquisition Acquires Pimcore Global Services.
  10. Acquisition Acquires Sri Mookambika Infosolutions.
  11. Funding Latest funding round, Post-IPO, of $60.9M.
  12. Acquisition Acquires Macmillan Education India.
  13. Acquisition Acquires PureSoftware.
  14. Acquisition Acquires Aureus Tech Systems.
  15. Acquisition Acquires InnovazIT.

Competitors of Happiest Minds

Happiest Minds has 2 listed competitors in our database, 2 of them funded. They include GirnarSOFT and Datamatics.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
GirnarSOFT
girnarsoft.com2007Jaipur, India$736.02M6,709
Provider of website, web & mobile application development, BI, and digital marketing services
Datamatics
datamatics.com1975Mumbai, India$3M5,875
Cloud-based text analytics and cognitive automation services are provided.
Premium access

Detailed competitors of Happiest Minds

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

  • Full competitor set
  • Operating metrics
  • Benchmarks
  • Competitive positioning

Verified entity values are shown only after access is granted.

Web traffic of Happiest Minds

The website of Happiest Minds (happiestminds.com) receives about 72.9K visits a month.

  • Monthly visits
    72.9K

    ▲ 2.4% vs previous month

Similar websites

Websites whose visitors overlap most with Happiest Minds. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Pub Dev
pub.dev
100%
#23,576View details
GitHub
github.com
100%
542.6M#65View details
Stack Overflow
stackoverflow.com
96%
45.7M#1,565View details
Fal
fal.ai
96%
2.4M#16,069View details
GeeksforGeeks
geeksforgeeks.org
87%
28.3M#2,205View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
Premium access

All 40 similar websites and full traffic analytics for Happiest Minds

The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.

  • 40 similar websites
  • Audience overlap
  • Engagement analytics
  • Traffic by brand

Verified entity values are shown only after access is granted.

Top companies in Digital Transformation & Automation Services

3 companies that operate in the same segment as Happiest Minds (Digital Transformation & Automation Services) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Persistent
IT consulting, data analytics, and digital transformation services are provided.
1990Pune, Maharashtra, IndiaUSD 18.8 MUSD 1.57 B24,590
EMudhra
Provider of digital signature certificates, PKI, and e-signature solutions
2008Bengaluru, Karnataka, IndiaUSD 26.23 MUSD 74.82 M851
Tech Mahindra
Provider of data analytics, cloud management, and business process outsourcing services
1986Pune, Maharashtra, IndiaUSD 6.06 B119,340
Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Related news about Happiest Minds

HAPPSTMNDS: Q2 CONS NET PROFIT 622M RUPEES VS 676M (QOQ) || Q2 REVENUE 6.45B RUPEES VS 6.29B (QOQ)
Exchange Update • 1 day ago
HAPPSTMNDS: Q2 EBITDA 1.21B RUPEES VS 1.2B (QOQ); Q2 EBITDA MARGIN 18.82% VS 18.71% (QOQ)
Exchange Update • 1 day ago
Happiest Minds: Co Aims for Double-Digit Growth in CC Terms and Targets $1 Billion Revenue By FY28 After ITC Infotech Merger.
Exchange Update • 1 day ago
Happiest Minds Merges with ITC Infotech, Targeting $1 Billion Revenue by FY28 with 11% Shareholder Premium
Moneycontrol • 1 month ago
Mergers and acquisitions
Reuters • 2 months ago
Blackstone-backed Epsilon Bidco exits EPL for Rs 2,032 crore; HDFC Life buys Rs 74 crore worth shares in SBFC Finance
Moneycontrol • 2 months ago
Happiest Minds Tech share price in deep red - What's behind the stock plunge?
Mint • 2 months ago
HAPPSTMNDS: Merger targets $1B revenue by FY28, leveraging digital and AI synergies for global growth
Quartr • 2 months ago
Happiest Minds shares plunge over 8% after ITC Infotech merger deal; among top smallcap losers
Moneycontrol • 2 months ago
Buzzing Stocks: Milky Mist shares gain 6% on strong earnings; TBZ surges 20% on GRT stake buy
Moneycontrol • 2 months ago
Premium access

Complete news archive for Happiest Minds

Full article history, source details, and older brand coverage require an active premium plan.

  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

Verified entity values are shown only after access is granted.

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 CEO of Happiest Minds, as recorded in our data. 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. The company's 1st funding round was a Series A of $46.69M, raised on Oct 2011.

Happiest Minds has 5,260 employees.

The primary company behind Happiest Minds, Happiest Minds Technologies Limited, reported revenue of ₹2,418 Cr for FY 2026, up 12% year on year.

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 GirnarSOFT and Datamatics.

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.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available