About Happiest Minds Technologies Limited
Data last updated: 15 July 2026
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 NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹2,315.11 Cr, a growth of 12.34% compared to the previous year. The net worth stands at ₹1,689.49 Cr (up 7.3% YoY). Total assets are valued at ₹3,625.11 Cr (up 7.92% 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.
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Registered Address#53/1 – 4 Hosur Main Road Madivala (Next To Madivala Police Statio, N), Bangalore, Karnataka, India – 560068
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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 Limited
Happiest Minds Technologies Limited 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, reflecting the company's evolution and rebranding over time.
| 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 Limited
Happiest Minds Technologies Limited 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 Limited
Happiest Minds Technologies Limited operates two associated brands: OSSCube and Happiest Minds. These brands represent Happiest Minds Technologies Limited's diversified market presence and brand portfolio.
| 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 Limited
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 |
|---|---|---|---|
Mavenir
|
Multi-access edge networking computing platform is provided for mobile services. | Richardson, United States, United States | 2005 |
GirnarSOFT
|
Provider of website, web & mobile application development, BI, and digital marketing services | Jaipur, India, India | 2007 |
1&1 IONOS
|
Cloud infrastructure and hosting services are provided by 1&1 IONOS. | Chesterbrook, United States, United States | 1988 |
Datamatics
|
Cloud-based text analytics and cognitive automation services are provided. | Mumbai, India, India | 1975 |
Genpact
|
Provider of end-to-end business process outsourcing services | New York, United States, United States | 1997 |
NTT DATA
|
Application development, cloud, cybersecurity, and business intelligence services are provided. | Koto City, Japan, Japan | 1967 |
Endava
|
Endava is engaged in digital transformation and AI-driven solutions. | London, United Kingdom, United Kingdom | 2000 |
UST
|
High-quality office furniture is provided by UST for various needs. | Taiwan | 1998 |
Business Activity of Happiest Minds Technologies Limited
Happiest Minds Technologies Limited is engaged in the principal business activity of information and communication, with detailed activities including 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 contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Happiest Minds Technologies Limited
Happiest Minds Technologies Limited is audited by Deloitte Haskins and Sells (ICAI peer reviewed, certificate valid till 2028-04-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Deloitte Haskins and Sells (ICAI peer reviewed, certificate valid till 2028-04-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Happiest Minds Technologies Limited
Happiest Minds Technologies Limited is currently managed by 7 directors, with 13 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Happiest Minds Technologies Limited FY 2026 filings available
Happiest Minds Technologies Limited reported revenue of ₹2,315.11 Cr (up 12.34% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,315.11 Cr | ₹2,060.84 Cr | ₹1,624.66 Cr | ₹1,429.29 Cr | ₹1,093.65 Cr | ₹773.41 Cr |
| Other Income | ₹84.97 Cr | ₹101.38 Cr | ₹85.37 Cr | ₹21.11 Cr | ₹37.1 Cr | ₹24.24 Cr |
| Total Income | ₹2,400.08 Cr | ₹2,162.22 Cr | ₹1,710.03 Cr | ₹1,450.4 Cr | ₹1,130.75 Cr | ₹797.65 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1,560.95 Cr | ₹1,365.34 Cr | ₹1,014.69 Cr | ₹806.81 Cr | ₹620 Cr | ₹452.38 Cr |
| Finance Costs | ₹97.36 Cr | ₹99.48 Cr | ₹42.27 Cr | ₹21.86 Cr | ₹9.95 Cr | ₹6.97 Cr |
| Depreciation & Amortisation | ₹88.19 Cr | ₹88.7 Cr | ₹58.29 Cr | ₹41.91 Cr | ₹32.88 Cr | ₹22.74 Cr |
| Other Expenses | ₹350.78 Cr | ₹341.08 Cr | ₹274.12 Cr | ₹263.62 Cr | ₹215.98 Cr | ₹129.54 Cr |
| Total Expenses | ₹2,097.28 Cr | ₹1,894.6 Cr | ₹1,389.37 Cr | ₹1,134.2 Cr | ₹878.81 Cr | ₹611.63 Cr |
| Profit Before Exceptional Items & Tax | ₹302.8 Cr | ₹267.62 Cr | ₹320.66 Cr | ₹316.2 Cr | ₹251.94 Cr | ₹186.02 Cr |
| Exceptional Items | -₹18.59 Cr | -₹12.16 Cr | ₹14.02 Cr | -₹6.34 Cr | -₹6.09 Cr | ₹0 |
| Profit Before Tax | ₹284.21 Cr | ₹255.46 Cr | ₹334.68 Cr | ₹309.86 Cr | ₹245.85 Cr | ₹186.02 Cr |
| Total Tax Expense | ₹71.59 Cr | ₹70.8 Cr | ₹86.29 Cr | ₹78.87 Cr | ₹64.65 Cr | ₹23.56 Cr |
| Net Profit | ₹212.62 Cr | ₹184.66 Cr | ₹248.39 Cr | ₹230.99 Cr | ₹181.2 Cr | ₹162.46 Cr |
| attributable to Owners | ₹212.62 Cr | ₹184.66 Cr | ₹248.39 Cr | ₹230.99 Cr | ₹181.2 Cr | ₹162.46 Cr |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | -₹10.43 Cr | -₹6.09 Cr | -₹8.75 Cr | -₹3.49 Cr | -₹1.07 Cr | ₹10.23 Cr |
| Total Comprehensive Income | ₹202.19 Cr | ₹178.57 Cr | ₹239.64 Cr | ₹227.5 Cr | ₹180.13 Cr | ₹172.69 Cr |
| EBITDA (computed) | ₹488.35 Cr | ₹455.8 Cr | ₹421.22 Cr | ₹379.97 Cr | ₹294.77 Cr | ₹215.73 Cr |
| Basic EPS | ₹14.12 | ₹12.26 | ₹16.73 | ₹16.13 | ₹12.84 | ₹11.75 |
| Diluted EPS | ₹14.11 | ₹12.26 | ₹16.73 | ₹16.01 | ₹12.55 | ₹11.45 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹3,625.11 Cr | ₹3,359.06 Cr | ₹2,247.79 Cr | ₹1,640.83 Cr |
| Non-current Assets | ₹1,549.56 Cr | ₹1,358.11 Cr | ₹470.02 Cr | ₹567.85 Cr |
| Current Assets | ₹2,075.55 Cr | ₹2,000.95 Cr | ₹1,777.77 Cr | ₹1,072.98 Cr |
| Property, Plant & Equipment | ₹134.76 Cr | ₹210.54 Cr | ₹137.78 Cr | ₹190.64 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹390.27 Cr | ₹358.13 Cr | ₹254.44 Cr | ₹213.19 Cr |
| Cash & Equivalents | ₹119.66 Cr | ₹119.12 Cr | ₹114.7 Cr | ₹69.99 Cr |
| Equity (Net Worth) | ₹1,689.49 Cr | ₹1,574.57 Cr | ₹1,480.24 Cr | ₹838.82 Cr |
| Equity Share Capital | ₹30.05 Cr | ₹30.01 Cr | ₹29.87 Cr | ₹28.66 Cr |
| Borrowings (Non-current) | ₹342.92 Cr | ₹335.37 Cr | ₹104.45 Cr | ₹112.78 Cr |
| Borrowings (Current) | ₹1,069.74 Cr | ₹825.54 Cr | ₹337.92 Cr | ₹354.77 Cr |
| Total Debt (computed) | ₹1,412.66 Cr | ₹1,160.91 Cr | ₹442.37 Cr | ₹467.55 Cr |
| Current Liabilities | ₹1,401.79 Cr | ₹1,207.91 Cr | ₹566.98 Cr | ₹576.4 Cr |
| Total Liabilities | ₹1,935.62 Cr | ₹1,784.49 Cr | ₹767.55 Cr | ₹802.01 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹261.41 Cr | ₹236.42 Cr | ₹212.56 Cr | ₹207.17 Cr | ₹168.12 Cr |
| Investing Cash Flow | -₹121.29 Cr | -₹762.16 Cr | -₹466.41 Cr | -₹350.96 Cr | -₹96.08 Cr |
| Financing Cash Flow | -₹143.72 Cr | ₹499.46 Cr | ₹363.47 Cr | ₹72.07 Cr | -₹90.78 Cr |
| Capital Expenditure | ₹2.91 Cr | ₹7.66 Cr | ₹8.23 Cr | ₹131.06 Cr | ₹67 Lakh |
| Free Cash Flow (computed) | ₹258.5 Cr | ₹228.76 Cr | ₹204.33 Cr | ₹76.11 Cr | ₹167.45 Cr |
| Dividends Paid | ₹93.91 Cr | ₹0 | ₹86.04 Cr | ₹57.15 Cr | ₹68.3 Cr |
| Net Change in Cash | ₹54 Lakh | -₹26.09 Cr | ₹110.17 Cr | -₹68.49 Cr | -₹18.54 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹604.08 Cr | ₹587.56 Cr | ₹573.57 Cr | ₹549.9 Cr | ₹544.57 Cr | ₹530.81 Cr | ₹521.64 Cr | ₹463.82 Cr | ₹417.29 Cr | ₹409.88 Cr | ₹406.62 Cr | ₹390.87 Cr |
| Other Income | ₹17.61 Cr | ₹15.72 Cr | ₹21.61 Cr | ₹30.03 Cr | ₹25.95 Cr | ₹22.96 Cr | ₹27.03 Cr | ₹25.44 Cr | ₹25.21 Cr | ₹24.29 Cr | ₹22.21 Cr | ₹13.66 Cr |
| Total Income | ₹621.69 Cr | ₹603.28 Cr | ₹595.18 Cr | ₹579.93 Cr | ₹570.52 Cr | ₹553.77 Cr | ₹548.67 Cr | ₹489.26 Cr | ₹442.5 Cr | ₹434.17 Cr | ₹428.83 Cr | ₹404.53 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹404.44 Cr | ₹392.05 Cr | ₹389.01 Cr | ₹375.45 Cr | ₹359.16 Cr | ₹355.77 Cr | ₹350.55 Cr | ₹299.86 Cr | ₹262.77 Cr | ₹261.39 Cr | ₹255.1 Cr | ₹235.43 Cr |
| Finance Costs | ₹22.61 Cr | ₹24.52 Cr | ₹25.41 Cr | ₹24.82 Cr | ₹24.74 Cr | ₹26.93 Cr | ₹27.99 Cr | ₹19.83 Cr | ₹10.33 Cr | ₹10.72 Cr | ₹11.15 Cr | ₹10.07 Cr |
| Depreciation & Amortisation | ₹21.56 Cr | ₹22.07 Cr | ₹22.19 Cr | ₹22.36 Cr | ₹22.55 Cr | ₹20.99 Cr | ₹23.12 Cr | ₹22.04 Cr | ₹14.69 Cr | ₹14.81 Cr | ₹14.55 Cr | ₹14.24 Cr |
| Other Expenses | ₹96.04 Cr | ₹88.41 Cr | ₹85.91 Cr | ₹80.43 Cr | ₹101.53 Cr | ₹81.14 Cr | ₹79.29 Cr | ₹79.12 Cr | ₹71.51 Cr | ₹67.59 Cr | ₹68.91 Cr | ₹66.11 Cr |
| Total Expenses | ₹544.65 Cr | ₹527.05 Cr | ₹522.52 Cr | ₹503.06 Cr | ₹507.98 Cr | ₹484.83 Cr | ₹480.95 Cr | ₹420.85 Cr | ₹359.3 Cr | ₹354.51 Cr | ₹349.71 Cr | ₹325.85 Cr |
| Profit Before Exceptional Items & Tax | ₹77.04 Cr | ₹76.23 Cr | ₹72.66 Cr | ₹76.87 Cr | ₹62.54 Cr | ₹68.94 Cr | ₹67.72 Cr | ₹68.41 Cr | ₹83.2 Cr | ₹79.66 Cr | ₹79.12 Cr | ₹78.68 Cr |
| Exceptional Items | ₹3.44 Cr | -₹22.03 Cr | ₹0 | ₹0 | -₹12.16 Cr | ₹0 | ₹0 | ₹0 | ₹12.95 Cr | ₹1.07 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹80.48 Cr | ₹54.2 Cr | ₹72.66 Cr | ₹76.87 Cr | ₹50.38 Cr | ₹68.94 Cr | ₹67.72 Cr | ₹68.41 Cr | ₹96.15 Cr | ₹80.73 Cr | ₹79.12 Cr | ₹78.68 Cr |
| Total Tax Expense | ₹19.31 Cr | ₹13.9 Cr | ₹18.64 Cr | ₹19.74 Cr | ₹16.38 Cr | ₹18.84 Cr | ₹18.2 Cr | ₹17.38 Cr | ₹24.17 Cr | ₹21.11 Cr | ₹20.66 Cr | ₹20.35 Cr |
| Net Profit | ₹61.17 Cr | ₹40.3 Cr | ₹54.02 Cr | ₹57.13 Cr | ₹34 Cr | ₹50.1 Cr | ₹49.52 Cr | ₹51.03 Cr | ₹71.98 Cr | ₹59.62 Cr | ₹58.46 Cr | ₹58.33 Cr |
| attributable to Owners | ₹61.15 Cr | ₹40.3 Cr | ₹54.02 Cr | ₹57.13 Cr | ₹34 Cr | ₹50.1 Cr | ₹41.33 Cr | ₹51.03 Cr | ₹71.98 Cr | ₹59.62 Cr | ₹58.46 Cr | ₹58.33 Cr |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | -₹8.13 Cr | ₹6.49 Cr | -₹9.56 Cr | ₹77 Lakh | ₹4.53 Cr | -₹2.86 Cr | -₹8.19 Cr | ₹43 Lakh | -₹6.88 Cr | -₹2.02 Cr | -₹5.84 Cr | ₹5.99 Cr |
| Total Comprehensive Income | ₹53.04 Cr | ₹46.79 Cr | ₹44.46 Cr | ₹57.9 Cr | ₹38.53 Cr | ₹47.24 Cr | ₹41.33 Cr | ₹51.46 Cr | ₹65.1 Cr | ₹57.6 Cr | ₹52.62 Cr | ₹64.32 Cr |
| EBITDA (computed) | ₹121.21 Cr | ₹122.82 Cr | ₹120.26 Cr | ₹124.05 Cr | ₹109.83 Cr | ₹116.86 Cr | ₹118.83 Cr | ₹110.28 Cr | ₹108.22 Cr | ₹105.19 Cr | ₹104.82 Cr | ₹102.99 Cr |
| Basic EPS | ₹4.06 | ₹2.68 | ₹3.59 | ₹3.79 | ₹2.26 | ₹3.33 | ₹3.29 | ₹3.39 | ₹4.79 | ₹3.98 | ₹3.92 | ₹4.04 |
| Diluted EPS | ₹4.06 | ₹2.67 | ₹3.59 | ₹3.79 | ₹2.26 | ₹3.33 | ₹3.29 | ₹3.39 | ₹4.79 | ₹3.96 | ₹3.90 | ₹4.02 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| IMSS | ₹102.56 Cr | ₹29.25 Cr | ₹109.79 Cr | ₹26.13 Cr |
| PDES | ₹476.22 Cr | ₹132.8 Cr | ₹1,568.17 Cr | ₹745.22 Cr |
| GBS | ₹25.3 Cr | ₹3.32 Cr | ₹19.26 Cr | ₹2.46 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| IMSS | ₹389.09 Cr | ₹105.54 Cr | - | - |
| PDES | ₹1,847.36 Cr | ₹468.76 Cr | - | - |
| GBS | ₹78.66 Cr | ₹10.99 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,726.02 Cr | ₹1,481.37 Cr | ₹1,472.88 Cr | ₹1,332.55 Cr | ₹1,033.54 Cr | ₹760.96 Cr |
| Other Income | ₹175.13 Cr | ₹167.57 Cr | ₹111.26 Cr | ₹22.34 Cr | ₹37.71 Cr | ₹23.42 Cr |
| Total Income | ₹1,901.15 Cr | ₹1,648.94 Cr | ₹1,584.14 Cr | ₹1,354.89 Cr | ₹1,071.25 Cr | ₹784.38 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1,192.54 Cr | ₹1,017.94 Cr | ₹947.72 Cr | ₹786.9 Cr | ₹612.1 Cr | ₹450.12 Cr |
| Finance Costs | ₹92.23 Cr | ₹91.68 Cr | ₹42.27 Cr | ₹21.5 Cr | ₹8.3 Cr | ₹6.92 Cr |
| Depreciation & Amortisation | ₹51.14 Cr | ₹37.19 Cr | ₹34.3 Cr | ₹29.96 Cr | ₹24.23 Cr | ₹20.63 Cr |
| Other Expenses | ₹274.52 Cr | ₹265.42 Cr | ₹236.32 Cr | ₹224.85 Cr | ₹175.77 Cr | ₹120.69 Cr |
| Total Expenses | ₹1,610.43 Cr | ₹1,412.23 Cr | ₹1,260.61 Cr | ₹1,063.21 Cr | ₹820.4 Cr | ₹598.36 Cr |
| Profit Before Exceptional Items & Tax | ₹290.72 Cr | ₹236.71 Cr | ₹323.53 Cr | ₹291.68 Cr | ₹250.85 Cr | ₹186.02 Cr |
| Exceptional Items | -₹20.41 Cr | -₹23.44 Cr | ₹1.43 Cr | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹270.31 Cr | ₹213.27 Cr | ₹324.96 Cr | ₹291.68 Cr | ₹250.85 Cr | ₹186.02 Cr |
| Total Tax Expense | ₹46.19 Cr | ₹44.71 Cr | ₹79.23 Cr | ₹75.3 Cr | ₹64.37 Cr | ₹24.09 Cr |
| Net Profit | ₹224.12 Cr | ₹168.56 Cr | ₹245.73 Cr | ₹216.38 Cr | ₹186.48 Cr | ₹161.93 Cr |
| Other Comprehensive Income | -₹24.77 Cr | -₹5.91 Cr | ₹21 Lakh | -₹5.66 Cr | -₹3.09 Cr | ₹10 Cr |
| Total Comprehensive Income | ₹199.35 Cr | ₹162.65 Cr | ₹245.94 Cr | ₹210.72 Cr | ₹183.39 Cr | ₹171.93 Cr |
| EBITDA (computed) | ₹434.09 Cr | ₹365.58 Cr | ₹400.1 Cr | ₹343.14 Cr | ₹283.38 Cr | ₹213.57 Cr |
| Basic EPS | ₹14.88 | ₹11.19 | ₹16.55 | ₹15.11 | ₹13.21 | ₹11.71 |
| Diluted EPS | ₹14.87 | ₹11.19 | ₹16.55 | ₹15.00 | ₹12.91 | ₹11.41 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹3,381.28 Cr | ₹3,054.33 Cr | ₹2,207.87 Cr | ₹1,576.4 Cr |
| Non-current Assets | ₹1,444.37 Cr | ₹1,271.73 Cr | ₹455.06 Cr | ₹542.36 Cr |
| Current Assets | ₹1,936.91 Cr | ₹1,782.6 Cr | ₹1,752.81 Cr | ₹1,034.04 Cr |
| Property, Plant & Equipment | ₹131.38 Cr | ₹196.11 Cr | ₹136.87 Cr | ₹188.97 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹338.8 Cr | ₹264.25 Cr | ₹231.96 Cr | ₹198.85 Cr |
| Cash & Equivalents | ₹57.64 Cr | ₹45.11 Cr | ₹106.82 Cr | ₹59.66 Cr |
| Equity (Net Worth) | ₹1,636.6 Cr | ₹1,552.09 Cr | ₹1,473.7 Cr | ₹825.98 Cr |
| Equity Share Capital | ₹30.05 Cr | ₹30.01 Cr | ₹29.87 Cr | ₹28.66 Cr |
| Borrowings (Non-current) | ₹281.28 Cr | ₹335.37 Cr | ₹104.45 Cr | ₹112.78 Cr |
| Borrowings (Current) | ₹1,072.52 Cr | ₹767.5 Cr | ₹337.92 Cr | ₹363.77 Cr |
| Total Debt (computed) | ₹1,353.8 Cr | ₹1,102.87 Cr | ₹442.37 Cr | ₹476.55 Cr |
| Current Liabilities | ₹1,322.25 Cr | ₹1,075.91 Cr | ₹550.13 Cr | ₹548.28 Cr |
| Total Liabilities | ₹1,744.68 Cr | ₹1,502.24 Cr | ₹734.17 Cr | ₹750.42 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹87.73 Cr | ₹101.67 Cr | ₹189.07 Cr | ₹171.79 Cr | ₹159.27 Cr |
| Investing Cash Flow | -₹23.58 Cr | -₹607.69 Cr | -₹435.09 Cr | -₹343.44 Cr | -₹110.77 Cr |
| Financing Cash Flow | -₹53.29 Cr | ₹450.07 Cr | ₹358.21 Cr | ₹102.46 Cr | -₹72.17 Cr |
| Capital Expenditure | ₹1.44 Cr | ₹5.46 Cr | ₹8.23 Cr | ₹130.96 Cr | ₹67 Lakh |
| Free Cash Flow (computed) | ₹86.29 Cr | ₹96.21 Cr | ₹180.84 Cr | ₹40.83 Cr | ₹158.6 Cr |
| Dividends Paid | ₹93.91 Cr | ₹85.88 Cr | ₹86.04 Cr | ₹57.15 Cr | ₹68.3 Cr |
| Net Change in Cash | ₹11.68 Cr | -₹55.98 Cr | ₹112.62 Cr | -₹67.54 Cr | -₹23.51 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹457.21 Cr | ₹432.69 Cr | ₹430.45 Cr | ₹402.41 Cr | ₹361.09 Cr | ₹373.23 Cr | ₹374.65 Cr | ₹372.4 Cr | ₹375.24 Cr | ₹370.58 Cr | ₹370.01 Cr | ₹357.05 Cr |
| Other Income | ₹91.74 Cr | ₹15.72 Cr | ₹39 Cr | ₹28.72 Cr | ₹92.99 Cr | ₹22.02 Cr | ₹26.41 Cr | ₹26.15 Cr | ₹25.47 Cr | ₹49.59 Cr | ₹22.27 Cr | ₹13.93 Cr |
| Total Income | ₹548.95 Cr | ₹448.41 Cr | ₹469.45 Cr | ₹431.13 Cr | ₹454.08 Cr | ₹395.25 Cr | ₹401.06 Cr | ₹398.55 Cr | ₹400.71 Cr | ₹420.17 Cr | ₹392.28 Cr | ₹370.98 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹314.58 Cr | ₹300.62 Cr | ₹295.13 Cr | ₹265.39 Cr | ₹254.83 Cr | ₹260.41 Cr | ₹253.9 Cr | ₹248.8 Cr | ₹245.73 Cr | ₹244.24 Cr | ₹238.76 Cr | ₹218.99 Cr |
| Finance Costs | ₹21.83 Cr | ₹23.3 Cr | ₹23.94 Cr | ₹23.33 Cr | ₹24.55 Cr | ₹24.47 Cr | ₹24.93 Cr | ₹17.73 Cr | ₹10.33 Cr | ₹10.64 Cr | ₹11.19 Cr | ₹10.11 Cr |
| Depreciation & Amortisation | ₹12.41 Cr | ₹12.92 Cr | ₹13.1 Cr | ₹9.41 Cr | ₹9.24 Cr | ₹9.52 Cr | ₹9.37 Cr | ₹9.06 Cr | ₹9.13 Cr | ₹8.94 Cr | ₹8.68 Cr | ₹7.55 Cr |
| Other Expenses | ₹74.14 Cr | ₹71.57 Cr | ₹67.53 Cr | ₹77.97 Cr | ₹80.09 Cr | ₹61.57 Cr | ₹60.62 Cr | ₹63.14 Cr | ₹61.97 Cr | ₹58.12 Cr | ₹59.48 Cr | ₹56.75 Cr |
| Total Expenses | ₹422.96 Cr | ₹408.41 Cr | ₹399.7 Cr | ₹376.1 Cr | ₹368.71 Cr | ₹355.97 Cr | ₹348.82 Cr | ₹338.73 Cr | ₹327.16 Cr | ₹321.94 Cr | ₹318.11 Cr | ₹293.4 Cr |
| Profit Before Exceptional Items & Tax | ₹125.99 Cr | ₹40 Cr | ₹69.75 Cr | ₹55.03 Cr | ₹85.37 Cr | ₹39.28 Cr | ₹52.24 Cr | ₹59.82 Cr | ₹73.55 Cr | ₹98.23 Cr | ₹74.17 Cr | ₹77.58 Cr |
| Exceptional Items | ₹0 | -₹20.41 Cr | ₹0 | ₹0 | -₹23.44 Cr | ₹0 | ₹0 | ₹0 | ₹36 Lakh | ₹1.07 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹125.99 Cr | ₹19.59 Cr | ₹69.75 Cr | ₹55.03 Cr | ₹61.93 Cr | ₹39.28 Cr | ₹52.24 Cr | ₹59.82 Cr | ₹73.91 Cr | ₹99.3 Cr | ₹74.17 Cr | ₹77.58 Cr |
| Total Tax Expense | ₹12.62 Cr | ₹5.56 Cr | ₹13.52 Cr | ₹14.45 Cr | ₹4.17 Cr | ₹10.58 Cr | ₹13.98 Cr | ₹15.98 Cr | ₹19.98 Cr | ₹19.47 Cr | ₹19.64 Cr | ₹20.14 Cr |
| Net Profit | ₹113.37 Cr | ₹14.03 Cr | ₹56.23 Cr | ₹40.58 Cr | ₹57.76 Cr | ₹28.7 Cr | ₹38.26 Cr | ₹43.84 Cr | ₹53.93 Cr | ₹79.83 Cr | ₹54.53 Cr | ₹57.44 Cr |
| Other Comprehensive Income | -₹14.76 Cr | ₹3.52 Cr | -₹14.32 Cr | ₹83 Lakh | ₹5.26 Cr | -₹6.16 Cr | -₹5.74 Cr | ₹74 Lakh | ₹1.07 Cr | -₹1.96 Cr | -₹4.94 Cr | ₹6.04 Cr |
| Total Comprehensive Income | ₹98.61 Cr | ₹17.55 Cr | ₹41.91 Cr | ₹41.41 Cr | ₹63.02 Cr | ₹22.54 Cr | ₹32.52 Cr | ₹44.58 Cr | ₹55 Cr | ₹77.87 Cr | ₹49.59 Cr | ₹63.48 Cr |
| EBITDA (computed) | ₹160.23 Cr | ₹76.22 Cr | ₹106.79 Cr | ₹87.77 Cr | ₹119.16 Cr | ₹73.27 Cr | ₹86.54 Cr | ₹86.61 Cr | ₹93.01 Cr | ₹117.81 Cr | ₹94.04 Cr | ₹95.24 Cr |
| Basic EPS | ₹7.53 | ₹0.93 | ₹3.74 | ₹2.70 | ₹3.84 | ₹1.91 | ₹2.54 | ₹2.91 | ₹3.59 | ₹5.32 | ₹3.66 | ₹3.98 |
| Diluted EPS | ₹7.52 | ₹0.93 | ₹3.73 | ₹2.69 | ₹3.84 | ₹1.91 | ₹2.54 | ₹2.91 | ₹3.59 | ₹5.30 | ₹3.64 | ₹3.96 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| IMSS | ₹0 | ₹0 | ₹0 | ₹0 |
| PDES | ₹0 | ₹0 | ₹0 | ₹0 |
| GBS | ₹0 | ₹0 | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| IMSS | ₹0 | ₹0 | - | - |
| PDES | ₹0 | ₹0 | - | - |
| GBS | ₹0 | ₹0 | - | - |
Shareholding Pattern of Happiest Minds Technologies Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 44.21%, foreign institutional investors hold 5.94%, domestic institutional investors hold 8.99%, retail and other public shareholders hold 39.53% of Happiest Minds Technologies Limited. The company had 642,274 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 44.21% | 44.21% | 44.21% | 44.21% | 44.21% | 44.22% |
| Public | 54.47% | 54.45% | 54.43% | 54.39% | 54.32% | 54.25% |
| Employee Trusts | 1.32% | 1.34% | 1.36% | 1.40% | 1.46% | 1.52% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|---|
| Promoters | 44.21% | 44.21% | 50.24% | 53.24% | 53.26% | 53.25% |
| Public | 54.47% | 54.32% | 47.84% | 44.26% | 43.85% | 46.75% |
| Employee Trusts | 1.32% | 1.46% | 1.92% | 2.50% | 2.90% | 0.00% |
| Promoter change (YoY, %pts) | +0.00 | -6.03 | -3.00 | -0.02 | +0.01 | - |
Board & Governance of Happiest Minds Technologies Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Happiest Minds Technologies Limited has 7 directors - 4 independent and 3 executive. The board is chaired by Ashok Soota.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Ashok Soota | Executive Director · Chairperson | 2011-04-01 | 1 |
| Venkatraman Narayanan | Executive Director · MD | 2018-01-16 | 1 |
| Joseph Vinod Anantharaju | Executive Director · CEO | 2020-11-04 | 1 |
| Anita Ramachandran | Non-Executive - Independent Director | 2020-06-04 | 6 |
| Rajendra Kumar Srivastava | Non-Executive - Independent Director | 2020-06-04 | 2 |
| Shuba Rao Mayya | Non-Executive - Independent Director | 2020-06-04 | 3 |
| Seshashayee Sampathiyengar Sridhara | Non-Executive - Independent Director | 2024-08-05 | 2 |
| Committee | Members |
|---|---|
| Audit Committee | Shuba Rao Mayya (Chairperson), Anita Ramachandran, Rajendra Kumar Srivastava, Venkatraman Narayanan |
| Nomination and remuneration committee | Anita Ramachandran (Chairperson), Ashok Soota, Seshashayee Sampathiyengar Sridhara, Rajendra Kumar Srivastava, Shuba Rao Mayya |
| Stakeholders Relationship Committee | Shuba Rao Mayya (Chairperson), Anita Ramachandran, Joseph Vinod Anantharaju, Venkatraman Narayanan |
| Risk Management Committee | Rajendra Kumar Srivastava (Chairperson), Anita Ramachandran, Seshashayee Sampathiyengar Sridhara, Shuba Rao Mayya, Joseph Vinod Anantharaju, Venkatraman Narayanan |
| Corporate Social Responsibility Committee | Anita Ramachandran (Chairperson), Rajendra Kumar Srivastava, Venkatraman Narayanan |
| Strategic Initiatives Committee | Seshashayee Sampathiyengar Sridhara (Chairperson), Rajendra Kumar Srivastava (Chairperson), Ashok Soota, Joseph Vinod Anantharaju, Venkatraman Narayanan |
Group Structure of Happiest Minds Technologies Limited
Happiest Minds Technologies Limited has 1 subsidiary company. This group structure data is as of FY 2024. The corporate group structure reflects Happiest Minds Technologies Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Sri Mookambika Infosolutions Private Limited | U72200KA2010PTC184873 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Happiest Minds Technologies Limited
| 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 Limited
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
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GST Compliance of Happiest Minds Technologies Limited
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Credit Ratings, Litigation & Regulatory Alerts for Happiest Minds Technologies Limited
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MSME Payment Delays by Happiest Minds Technologies Limited
MSME payment history for Happiest Minds Technologies Limited
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Subsidiaries & Group Companies of Happiest Minds Technologies Limited
Corporate group structure for Happiest Minds Technologies Limited
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MCA Filings & Documents of Happiest Minds Technologies Limited
MCA filings and documents for Happiest Minds Technologies Limited
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Recent Activity on Happiest Minds Technologies Limited
Recent News on Happiest Minds Technologies Limited
Frequently Asked Questions about Happiest Minds Technologies Limited
Happiest Minds Technologies Limited 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 Limited reported revenue of ₹2,315.11 Cr for FY 2026 (up 12.34% YoY) based on consolidated NSE filings.
The current directors of Happiest Minds Technologies Limited 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 Limited 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 Limited is listed on both BSE (code: 543227) and NSE (symbol: HAPPSTMNDS).
Happiest Minds Technologies Limited 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.