
About Happiest Minds Technologies Limited
Data last updated:
Happiest Minds Technologies Limited is a public limited company based in Bangalore, Karnataka, India. It specialises in IT consulting and support services, a part of the broader technology and IT services sector. Incorporated on 30 March 2011, the company has been in operation for over 15 years.
Registered with ROC Bangalore under CIN L72900KA2011PLC057931. Listed on BSE: 543227 and NSE: HAPPSTMNDS.
Capital: an authorised share capital of ₹59.1 Cr and a paid-up capital of ₹30.45 Cr. Formerly known as Happiest Minds Technologies Private Limited and Happiestminds Technologies Private Limited. It is led by directors including Ashok Soota and Shuba Rao Mayya.
Last AGM: 29 July 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore, Karnataka.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,316.99 Cr, a growth of 12.3% compared to the previous year. The net worth stands at ₹1,689.49 Cr (up 7.3% YoY). Total assets are valued at ₹3,294.13 Cr (up 11.26% YoY).
The company has a workforce of approximately 4,375 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 2 brands - Osscube, Happiest Minds. As per MCA filings, the company has open charges of ₹1,084.42 Cr and satisfied charges of ₹130.8 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website happiestminds.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address#53/1 – 4 Hosur Main Road Madivala (Next To Madivala Police Statio, N), Bangalore, Karnataka, India – 560068
- IndustryInformation Technology, IT Consulting & Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Happiest Minds Technologies
Happiest Minds Technologies has undergone 2 name changes throughout its history. The company was previously known as Happiest Minds Technologies Private Limited, and Happiestminds Technologies Private Limited. The current legal name is Happiest Minds Technologies Limited.
| Company Name | Status |
|---|---|
| Happiest Minds Technologies Limited | Current |
| Happiest Minds Technologies Private Limited | Previous |
| Happiestminds Technologies Private Limited | Previous |
CIN History of Happiest Minds Technologies
Happiest Minds Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72900KA2011PLC057931, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900KA2011PLC057931 | Current |
| U72900KA2011PLC057931 | Previous |
| U72900KA2011PTC057931 | Previous |
Associated Brands with Happiest Minds Technologies
Happiest Minds Technologies operates two associated brands: OSSCube and Happiest Minds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud and big data services are offered by OSSCube. | osscube.com | |
| IT outsourcing services are delivered across multiple business lines. | happiestminds.com |
Competitors & Alternatives of Happiest Minds Technologies
Brands and companies operating in the same space as Happiest Minds Technologies Limited include Mavenir, GirnarSOFT, 1&1 IONOS and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
| | Multi-access edge networking computing platform is provided for mobile services. | Richardson, United States, United States | 2005 |
| | Provider of website, web & mobile application development, BI, and digital marketing services | Jaipur, India, India | 2007 |
| | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | Chesterbrook, United States, United States | 1988 |
| | Cloud-based text analytics and cognitive automation services are provided. | Mumbai, India, India | 1975 |
| | Provider of end-to-end business process outsourcing services | New York, United States, United States | 1997 |
| | Application development, cloud, cybersecurity, and business intelligence services are provided. | Koto City, Japan, Japan | 1967 |
| | Endava is engaged in digital transformation and AI-driven solutions. | London, United Kingdom, United Kingdom | 2000 |
| | High-quality office furniture is provided by UST for various needs. | Taiwan | 1998 |
Business Activity of Happiest Minds Technologies
The main business activity of Happiest Minds Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details for Happiest Minds Technologies Limited
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Happiest Minds Technologies
Happiest Minds Technologies Limited is audited by Deloitte Haskins & Sells for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells | Locked | Locked | Locked |
Complete auditor history for Happiest Minds Technologies Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Happiest Minds Technologies Limited
Happiest Minds Technologies has 7 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Soota | Whole-Time Director | 01 Apr 2011 | 15 Years 6 Months | Current |
| Shuba Rao Mayya | Director | 04 Jun 2020 | 6 Years 3 Months | Current |
| Rajendra Kumar Srivastava | Director | 04 Jun 2020 | 6 Years 3 Months | Current |
| Anita Ramachandran | Director | 04 Jun 2020 | 6 Years 3 Months | Current |
| Joseph Vinod Kumar Anantharaju | Whole-Time Director | 04 Nov 2020 | 5 Years 10 Months | Current |
| Venkatraman Narayanan Also directs: Happiest Health Systems Private Limited, Govardhan Trading Company PVT LTD, Aureustech Systems Private Limited and 1 more | Managing Director | 16 Jan 2018 | 8 Years 8 Months | Current |
Financials of Happiest Minds Technologies Limited FY 2025-26 filings available
Happiest Minds Technologies Limited reported revenue of ₹2,316.99 Cr (up 12.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,317 | 2,063 | 1,627 | 1,429 | 1,094 | 773 | 698 |
| Revenue growth | +12.5% | +34.2% | +19.9% | +27.9% | +44.7% | -5.0% | +11.7% |
| EBITDA | 369 | 331 | 336 | 353 | 252 | 191 | 85.84 |
| EBITDA margin | +15.9% | +16.0% | +20.7% | +24.7% | +23.0% | +24.8% | +12.3% |
| Profit before tax | 284 | 255 | 335 | 310 | 246 | 186 | 73.61 |
| Net profit | 226 | 193 | 238 | 236 | 186 | 162 | 82.71 |
| Net profit margin | +9.8% | +9.3% | +14.7% | +16.5% | +17.0% | +21.0% | +11.9% |
| EPS (₹) | 14.15 | 12.31 | 16.63 | 16.12 | 12.70 | 11.45 | 16.32 |
| Balance sheet | |||||||
| Total assets | 3,294 | 2,961 | 2,030 | 1,417 | 947 | 780 | 392 |
| Net worth | 1,689 | 1,575 | 1,480 | 839 | 666 | 546 | 265 |
| Total debt | 1,494 | 1,244 | 512 | 534 | 250 | 193 | 114 |
| Cash & bank | 913 | 1,058 | 1,337 | 692 | 168 | 145 | 190 |
| Net working capital | 1,280 | 1,301 | 1,573 | 870 | 290 | 218 | 245 |
| Cash flow | |||||||
| Cash from operations | 261 | 236 | 213 | 207 | 168 | 144 | 112 |
| Cash from investing | (117) | (731) | (537) | (348) | (95.88) | (271) | (71.62) |
| Cash from financing | (144) | 499 | 363 | 72.07 | (90.78) | 169 | (13.34) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 629 | 604 | 588 | 574 | 550 | 545 | 531 | 522 |
| Revenue growth (YoY) | +14.3% | +10.9% | +10.7% | +10.0% | +18.6% | +30.5% | +29.5% | +28.3% |
| Other income | 23.69 | 21.05 | 15.72 | 21.61 | 30.03 | 25.95 | 22.96 | 27.03 |
| EBITDA | 118 | 104 | 85.07 | 98.65 | 94.02 | 71.72 | 93.90 | 91.80 |
| EBITDA margin | +18.7% | +17.2% | +14.5% | +17.2% | +17.1% | +13.2% | +17.7% | +17.6% |
| Depreciation | 22.63 | 21.56 | 22.07 | 22.19 | 22.36 | 22.55 | 20.99 | 23.12 |
| Interest | 28.46 | 22.61 | 24.52 | 25.41 | 24.82 | 24.74 | 26.93 | 27.99 |
| Profit before tax | 90.20 | 80.48 | 54.20 | 72.66 | 76.87 | 50.38 | 68.94 | 67.72 |
| Tax | 22.60 | 19.31 | 13.90 | 18.64 | 19.74 | 16.38 | 18.84 | 18.20 |
| Net profit | 67.60 | 61.17 | 40.30 | 54.02 | 57.13 | 34.00 | 50.10 | 49.52 |
| EPS (₹) | 4.48 | 4.06 | 2.67 | 3.59 | 3.79 | 2.26 | 3.33 | 3.29 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,727 | 1,596 | 1,475 | 1,334 | 1,034 | 761 | 698 |
| Revenue growth | +7.6% | +16.7% | +17.1% | +28.6% | +38.0% | -6.5% | +8.8% |
| EBITDA | 239 | 212 | 289 | 321 | 246 | 190 | 87.57 |
| EBITDA margin | +13.8% | +13.3% | +19.6% | +24.1% | +23.8% | +25.0% | +12.5% |
| Profit before tax | 270 | 207 | 325 | 292 | 251 | 186 | 75.33 |
| Net profit | 241 | 172 | 245 | 216 | 186 | 162 | 84.43 |
| Net profit margin | +14.0% | +10.8% | +16.6% | +16.2% | +18.0% | +21.3% | +12.1% |
| EPS (₹) | 14.92 | 10.36 | 16.45 | 15.10 | 13.07 | 11.42 | 16.71 |
| Balance sheet | |||||||
| Total assets | 3,150 | 2,753 | 2,020 | 1,410 | 936 | 780 | 392 |
| Net worth | 1,637 | 1,524 | 1,474 | 826 | 670 | 547 | 266 |
| Total debt | 1,421 | 1,176 | 512 | 543 | 250 | 193 | 114 |
| Cash & bank | 848 | 985 | 1,324 | 674 | 157 | 139 | 190 |
| Net working capital | 1,212 | 1,174 | 1,565 | 868 | 293 | 214 | 246 |
| Cash flow | |||||||
| Cash from operations | 87.73 | 133 | 189 | 172 | 159 | 150 | 113 |
| Cash from investing | (22.76) | (650) | (506) | (342) | (111) | (284) | (72.37) |
| Cash from financing | (53.29) | 450 | 358 | 102 | (72.17) | 169 | (12.80) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 561 | 543 | 433 | 430 | 491 | 388 | 404 | 403 |
| Revenue growth (YoY) | +14.1% | +40.0% | +7.2% | +6.8% | +31.9% | +3.4% | +8.9% | +8.9% |
| Other income | 23.62 | 16.10 | 15.72 | 39.00 | 29.57 | 61.90 | 22.28 | 26.53 |
| Total expenses | 461 | 452 | 393 | 363 | 409 | 376 | 341 | 334 |
| EBITDA | 100 | 91.33 | 40.09 | 67.79 | 82.02 | 11.80 | 62.17 | 69.45 |
| EBITDA margin | +17.8% | +16.8% | +9.3% | +15.7% | +16.7% | +3.0% | +15.4% | +17.2% |
| Depreciation | 19.96 | 18.80 | 12.92 | 13.10 | 19.21 | 12.64 | 12.92 | 12.66 |
| Interest | 27.35 | 20.39 | 23.30 | 23.94 | 22.99 | 24.13 | 24.34 | 24.93 |
| Profit before tax | 76.32 | 68.24 | 19.59 | 69.75 | 69.39 | 36.93 | 47.19 | 58.39 |
| Tax | 19.44 | 18.54 | 5.56 | 13.52 | 18.18 | 6.44 | 12.76 | 15.46 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 629 | 604 | 588 | 574 | 550 | 545 | 531 | 522 |
| Revenue growth (YoY) | +14.3% | +10.9% | +10.7% | +10.0% | +18.6% | +30.5% | +29.5% | +28.3% |
| Other income | 23.69 | 21.05 | 15.72 | 21.61 | 30.03 | 25.95 | 22.96 | 27.03 |
| EBITDA | 118 | 104 | 85.07 | 98.65 | 94.02 | 71.72 | 93.90 | 91.80 |
| EBITDA margin | +18.7% | +17.2% | +14.5% | +17.2% | +17.1% | +13.2% | +17.7% | +17.6% |
| Depreciation | 22.63 | 21.56 | 22.07 | 22.19 | 22.36 | 22.55 | 20.99 | 23.12 |
| Interest | 28.46 | 22.61 | 24.52 | 25.41 | 24.82 | 24.74 | 26.93 | 27.99 |
| Profit before tax | 90.20 | 80.48 | 54.20 | 72.66 | 76.87 | 50.38 | 68.94 | 67.72 |
| Tax | 22.60 | 19.31 | 13.90 | 18.64 | 19.74 | 16.38 | 18.84 | 18.20 |
| Net profit | 67.60 | 61.17 | 40.30 | 54.02 | 57.13 | 34.00 | 50.10 | 49.52 |
| EPS (₹) | 4.48 | 4.06 | 2.67 | 3.59 | 3.79 | 2.26 | 3.33 | 3.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,317 | 2,063 | 1,627 | 1,429 | 1,094 | 773 | 698 |
| Revenue growth | +12.5% | +34.2% | +19.9% | +27.9% | +44.7% | -5.0% | +11.7% |
| Other income | 101 | 113 | 99.39 | 21.11 | 37.10 | 24.24 | 16.02 |
| Total expenses | 1,948 | 1,732 | 1,291 | 1,077 | 842 | 582 | 612 |
| Employee cost | 1,561 | 1,365 | 1,015 | 807 | 620 | 452 | 441 |
| EBITDA | 369 | 331 | 336 | 353 | 252 | 191 | 85.84 |
| EBITDA margin | +15.9% | +16.0% | +20.7% | +24.7% | +23.0% | +24.8% | +12.3% |
| Depreciation | 88.19 | 88.70 | 58.29 | 41.91 | 32.88 | 22.74 | 20.23 |
| Interest | 97.36 | 99.48 | 42.27 | 21.86 | 9.95 | 6.97 | 8.02 |
| Profit before tax | 284 | 255 | 335 | 310 | 246 | 186 | 73.61 |
| Tax | 71.59 | 70.80 | 86.29 | 78.87 | 64.65 | 23.56 | 1.90 |
| Net profit | 226 | 193 | 238 | 236 | 186 | 162 | 82.71 |
| Net profit margin | +9.8% | +9.3% | +14.7% | +16.5% | +17.0% | +21.0% | +11.9% |
| EPS (₹) | 14.15 | 12.31 | 16.63 | 16.12 | 12.70 | 11.45 | 16.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 30.05 | 30.01 | 29.87 | 28.66 | 28.54 | 28.37 | 45.13 |
| Reserves & surplus | 1,659 | 1,545 | 1,450 | 810 | 637 | 518 | 220 |
| Shareholders' funds (net worth) | 1,689 | 1,575 | 1,480 | 839 | 666 | 546 | 265 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,096 | 840 | 317 | 400 | 191 | 166 | 78.43 |
| Unsecured loans | 398 | 403 | 195 | 134 | 59.11 | 26.45 | 35.47 |
| Total debt | 1,494 | 1,244 | 512 | 534 | 250 | 193 | 114 |
| Total liabilities | 3,294 | 2,961 | 2,030 | 1,417 | 947 | 780 | 392 |
| Assets | |||||||
| Gross block | 1,403 | 1,386 | 526 | 488 | 197 | 158 | 73.04 |
| Net block | 1,172 | 1,211 | 413 | 432 | 158 | 128 | 37.81 |
| Capital work in progress | 1.65 | 0.18 | 0.31 | 2.66 | 0.35 | 0.14 | 0.17 |
| Investments | 504 | 350 | 0.00 | 12.96 | 472 | 391 | 83.37 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 390 | 358 | 254 | 213 | 167 | 122 | 115 |
| Cash & bank balances | 913 | 1,058 | 1,337 | 692 | 168 | 145 | 190 |
| Loans & advances | 269 | 234 | 187 | 168 | 128 | 85.95 | 57.30 |
| Total current assets | 1,572 | 1,651 | 1,778 | 1,073 | 463 | 353 | 362 |
| Total current liabilities | 292 | 350 | 205 | 203 | 173 | 135 | 116 |
| Net working capital | 1,280 | 1,301 | 1,573 | 870 | 290 | 218 | 245 |
| Total assets | 3,294 | 2,961 | 2,030 | 1,417 | 947 | 780 | 392 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 119 | 115 | 69.99 | 67.29 | 85.83 | 43.53 | 16.27 |
| Net cash from operating activities | 261 | 236 | 213 | 207 | 168 | 144 | 112 |
| Net cash from investing activities | (117) | (731) | (537) | (348) | (95.88) | (271) | (71.62) |
| Net cash from financing activities | (144) | 499 | 363 | 72.07 | (90.78) | 169 | (13.34) |
| Net change in cash | 0.54 | 4.42 | 38.98 | (68.49) | (18.54) | 42.30 | 27.26 |
| Closing cash | 913 | 1,058 | 1,337 | 692 | 168 | 145 | 190 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.3% | +26.8% | +13.8% | +30.7% | +41.4% | +10.8% | +18.3% |
| EBITDA growth | +11.5% | -1.5% | -4.7% | +40.1% | +31.4% | +123.1% | +103.2% |
| 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% | +208.2% |
| 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 / equity | 0.84 | 0.57 | 0.45 | 0.52 | 0.37 | 0.38 | 1.18 |
| Long-term debt / equity | 0.24 | 0.18 | 0.13 | 0.15 | 0.09 | 0.08 | 0.28 |
| Interest cover | 34.69 | 41.06 | 15.23 | 7.04 | 4.55 | 4.13 | 12.22 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.66 | 2.16 | 3.21 | 4.17 | 6.17 | 6.71 | 8.73 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.19 | 6.74 | 6.96 | 7.51 | 7.56 | 6.53 | 5.72 |
| EPS (₹) | 14.15 | 12.31 | 16.63 | 16.12 | 12.70 | 11.45 | 16.32 |
| Dividend per share (₹) | 6.25 | 6.00 | 5.75 | 5.40 | 3.75 | 3.00 | 0.00 |
| Book value per share (₹) | 112.45 | 104.94 | 99.11 | 58.54 | 46.66 | 38.49 | 52.10 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 561 | 543 | 433 | 430 | 491 | 388 | 404 | 403 |
| Revenue growth (YoY) | +14.1% | +40.0% | +7.2% | +6.8% | +31.9% | +3.4% | +8.9% | +8.9% |
| Other income | 23.62 | 16.10 | 15.72 | 39.00 | 29.57 | 61.90 | 22.28 | 26.53 |
| Total expenses | 461 | 452 | 393 | 363 | 409 | 376 | 341 | 334 |
| EBITDA | 100 | 91.33 | 40.09 | 67.79 | 82.02 | 11.80 | 62.17 | 69.45 |
| EBITDA margin | +17.8% | +16.8% | +9.3% | +15.7% | +16.7% | +3.0% | +15.4% | +17.2% |
| Depreciation | 19.96 | 18.80 | 12.92 | 13.10 | 19.21 | 12.64 | 12.92 | 12.66 |
| Interest | 27.35 | 20.39 | 23.30 | 23.94 | 22.99 | 24.13 | 24.34 | 24.93 |
| Profit before tax | 76.32 | 68.24 | 19.59 | 69.75 | 69.39 | 36.93 | 47.19 | 58.39 |
| Tax | 19.44 | 18.54 | 5.56 | 13.52 | 18.18 | 6.44 | 12.76 | 15.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,727 | 1,596 | 1,475 | 1,334 | 1,034 | 761 | 698 |
| Revenue growth | +7.6% | +16.7% | +17.1% | +28.6% | +38.0% | -6.5% | +8.8% |
| Other income | 175 | 137 | 113 | 22.34 | 37.71 | 23.42 | 15.98 |
| Total expenses | 1,489 | 1,384 | 1,186 | 1,013 | 788 | 571 | 611 |
| Employee cost | 1,193 | 1,089 | 948 | 787 | 612 | 450 | 441 |
| EBITDA | 239 | 212 | 289 | 321 | 246 | 190 | 87.57 |
| EBITDA margin | +13.8% | +13.3% | +19.6% | +24.1% | +23.8% | +25.0% | +12.5% |
| Depreciation | 51.14 | 50.53 | 34.30 | 29.96 | 24.23 | 20.63 | 20.23 |
| Interest | 92.23 | 91.13 | 42.27 | 21.50 | 8.30 | 6.92 | 7.99 |
| Profit before tax | 270 | 207 | 325 | 292 | 251 | 186 | 75.33 |
| Tax | 46.19 | 51.97 | 79.23 | 75.30 | 64.37 | 24.09 | 1.90 |
| Net profit | 241 | 172 | 245 | 216 | 186 | 162 | 84.43 |
| Net profit margin | +14.0% | +10.8% | +16.6% | +16.2% | +18.0% | +21.3% | +12.1% |
| EPS (₹) | 14.92 | 10.36 | 16.45 | 15.10 | 13.07 | 11.42 | 16.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 30.05 | 30.01 | 29.87 | 28.66 | 28.54 | 28.37 | 45.13 |
| Reserves & surplus | 1,607 | 1,494 | 1,444 | 797 | 641 | 518 | 220 |
| Shareholders' funds (net worth) | 1,637 | 1,524 | 1,474 | 826 | 670 | 547 | 266 |
| Secured loans | 1,013 | 779 | 317 | 423 | 191 | 166 | 78.43 |
| Unsecured loans | 408 | 398 | 195 | 120 | 59.11 | 26.45 | 35.43 |
| Total debt | 1,421 | 1,176 | 512 | 543 | 250 | 193 | 114 |
| Total liabilities | 3,150 | 2,753 | 2,020 | 1,410 | 936 | 780 | 392 |
| Assets | |||||||
| Gross block | 420 | 422 | 268 | 232 | 73.21 | 56.04 | 63.73 |
| Net block | 291 | 316 | 203 | 199 | 63.48 | 28.92 | 37.80 |
| Capital work in progress | 0.83 | 0.18 | 0.31 | 2.66 | 0.35 | 0.14 | 0.17 |
| Investments | 1,303 | 1,133 | 197 | 197 | 524 | 489 | 83.37 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 339 | 281 | 232 | 199 | 161 | 116 | 115 |
| Cash & bank balances | 848 | 985 | 1,324 | 674 | 157 | 139 | 190 |
| Loans & advances | 246 | 188 | 197 | 161 | 122 | 85.25 | 57.30 |
| Total current assets | 1,433 | 1,454 | 1,753 | 1,034 | 440 | 340 | 362 |
| Total current liabilities | 221 | 280 | 188 | 166 | 147 | 126 | 116 |
| Net working capital | 1,212 | 1,174 | 1,565 | 868 | 293 | 214 | 246 |
| Total assets | 3,150 | 2,753 | 2,020 | 1,410 | 936 | 780 | 392 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 45.96 | 113 | 59.66 | 56.01 | 79.52 | 43.50 | 16.05 |
| Net cash from operating activities | 87.73 | 133 | 189 | 172 | 159 | 150 | 113 |
| Net cash from investing activities | (22.76) | (650) | (506) | (342) | (111) | (284) | (72.37) |
| Net cash from financing activities | (53.29) | 450 | 358 | 102 | (72.17) | 169 | (12.80) |
| Net change in cash | 11.68 | (67.17) | 41.43 | (67.54) | (23.51) | 36.02 | 27.45 |
| Closing cash | 848 | 985 | 1,324 | 674 | 157 | 139 | 190 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.2% | +8.2% | +10.6% | +29.1% | +35.8% | +9.0% | +18.3% |
| EBITDA growth | +12.4% | -26.6% | -10.0% | +30.6% | +29.2% | +117.1% | +202.1% |
| 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% | +148.4% |
| 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 / equity | 0.82 | 0.56 | 0.46 | 0.53 | 0.36 | 0.38 | 2.51 |
| Long-term debt / equity | 0.22 | 0.18 | 0.14 | 0.15 | 0.09 | 0.08 | 0.29 |
| Interest cover | 49.21 | 56.38 | 16.61 | 7.39 | 3.75 | 4.08 | 11.87 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.10 | 4.63 | 5.90 | 8.75 | 15.99 | 12.71 | 10.27 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 5.57 | 6.22 | 6.85 | 7.41 | 7.45 | 6.59 | 5.76 |
| EPS (₹) | 14.92 | 10.36 | 16.45 | 15.10 | 13.07 | 11.42 | 16.71 |
| Dividend per share (₹) | 6.40 | 6.00 | 5.75 | 5.40 | 3.75 | 3.00 | 0.00 |
| Book value per share (₹) | 108.93 | 101.59 | 98.67 | 57.64 | 46.93 | 38.54 | 52.17 |
Shareholding Pattern of Happiest Minds Technologies Limited
Shareholding for the quarter ended Sep 2026: promoters hold 44.20%, foreign institutional investors hold 6.00%, domestic institutional investors hold 5.70% and retail and other public shareholders hold 44.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 44.20% | 44.20% | 44.20% | 44.20% |
| Public | 55.80% | 55.80% | 55.80% | 55.80% |
Group Structure of Happiest Minds Technologies Limited
Happiest Minds Technologies has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Sri Mookambika Infosolutions Private Limited | U72200KA2010PTC184873 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Happiest Minds Technologies
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Sep 2025 | Others | ₹123.75 Cr | Open |
| 12 Jun 2025 | State Bank of India | ₹80 Cr | Open |
| 25 Sep 2024 | Hdfc Bank Limited | ₹87 Cr | Open |
| 25 Sep 2023 | Axis Bank Limited | ₹25 Cr | Open |
| 30 Jun 2023 | Citi Bank N.A. | ₹60 Cr | Open |
Total charge records: 16 View all charges
Employees and EPFO Compliance at Happiest Minds Technologies
Happiest Minds Technologies Limited has a workforce of 4,375 employees as of Oct 09, 2025.
Employee and EPFO history for Happiest Minds Technologies Limited
Monthly headcount, contribution history and filing status are in the company report.
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GST Compliance of Happiest Minds Technologies
GST registrations and filing compliance for Happiest Minds Technologies Limited
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Credit Ratings, Litigation & Regulatory Alerts for Happiest Minds Technologies
Credit ratings, litigation, and regulatory alerts for Happiest Minds Technologies Limited
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Happiest Minds Technologies
MSME payment history for Happiest Minds Technologies Limited
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Subsidiaries & Group Companies of Happiest Minds Technologies
Corporate group structure for Happiest Minds Technologies Limited
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MCA Filings & Documents of Happiest Minds Technologies
MCA filings and documents for Happiest Minds Technologies Limited
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Recent Activity on Happiest Minds Technologies
Recent News on Happiest Minds Technologies
Frequently Asked Questions about Happiest Minds Technologies Limited
Happiest Minds Technologies is an active public limited company in the information technology sector based in Bangalore, Karnataka, India. It was incorporated on 30 March 2011 (15+ years old) and is registered under CIN L72900KA2011PLC057931. Listed on BSE: 543227 and NSE: HAPPSTMNDS. The company has 4,375 employees.
Happiest Minds Technologies reported revenue of ₹2,316.99 Cr for FY 2025-26 (up 12.3% YoY) based on consolidated financials.
The current directors of Happiest Minds Technologies are:
- Ashok Soota - Whole-Time Director
- Shuba Rao Mayya - Director
- Rajendra Kumar Srivastava - Director
- Anita Ramachandran - Director
- Joseph Vinod Kumar Anantharaju - Whole-Time Director
- Venkatraman Narayanan - Managing Director
- Seshashayee Sampathiyengar Sridhara - Director
The primary industry of Happiest Minds Technologies is information technology. The company specifically operates in IT consulting and support services. The company is currently active in this sector.
Yes. Happiest Minds Technologies is listed on both BSE (code: 543227) and NSE (symbol: HAPPSTMNDS).
Happiest Minds Technologies can be reached at the registered office: #531 – 4 Hosur Main Road Madivala Next To Madivala Police Statio, N, Bangalore, Karnataka, India – 560068, or through the website happiestminds.com.