About Happiest Minds Technologies Limited
Data last updated: 06 January 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 U72900KA2011PLC057931. Listed on BSE: 543227 and NSE: HAPPSTMNDS.
Capital: an authorised share capital of ₹59 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 Joseph Vinod Anantharaju and Rajiv Indravadan Shah.
Last AGM: 29 July 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,162.22 Cr, a growth of 26% compared to the previous year.
The company has a workforce of approximately 4,375 employees as per the latest available data.
The company is associated with 2 brands - Osscube, Happiest Minds. As per MCA filings, the company has open charges of ₹759.42 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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Email**************
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Telephone**************
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Website**************
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Social Media
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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 | ********* |
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 11 directors, with 19 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Vinod Anantharaju | Whole-Time Director | 04 Nov 2020 | 5 Years 8 Months | Current |
| Rajiv Indravadan Shah | Whole-Time Director | 05 Aug 2024 | 1 Years 11 Months | Current |
|
Venkatraman Narayanan
Also directs:
Happiest Health Systems Private Limited, Govardhan Trading Company Pvt Ltd, Aureustech Systems Private Limited and 1 more
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Managing Director | 16 Jan 2018 | 8 Years 5 Months | Current |
|
Seshashayee Sampathiyengar Sridhara
Also directs:
Fsn E-Commerce Ventures Limited, Fsn International Limited
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Director | 05 Aug 2024 | 1 Years 11 Months | Current |
| Ashok Soota | Whole-Time Director | 01 Apr 2011 | 15 Years 3 Months | Current |
| Anita Ramachandran | Director | 04 Jun 2020 | 6 Years 1 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 | - | - |
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 |
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
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Employee Count & EPFO Data of Happiest Minds Technologies Limited
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GST Compliance of Happiest Minds Technologies Limited
GSTIN & GST Filing Data of Happiest Minds Technologies Limited
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Credit Ratings, Litigation & Regulatory Alerts for Happiest Minds Technologies Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Happiest Minds Technologies Limited
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MSME Payment Delays by Happiest Minds Technologies Limited
MSME Payment Delays by Happiest Minds Technologies Limited
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Subsidiaries & Group Companies of Happiest Minds Technologies Limited
Subsidiaries & Group Companies of Happiest Minds Technologies Limited
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MCA Filings & Documents of Happiest Minds Technologies Limited
MCA Filings & Documents of 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 ₹2,162.22 Cr for FY 2025 (up 26.00% YoY).
The current directors of Happiest Minds Technologies Limited are:
- Joseph Vinod Anantharaju
- Rajiv Indravadan Shah
- Venkatraman Narayanan
- Seshashayee Sampathiyengar Sridhara
- Praveen Kumar Darshankar
- Ashok Soota
- Anita Ramachandran
- Shubha Rao Mayya
- Rajendra Kumar Srivastava
- Joseph Vinod Kumar Anantharaju
- Anand Balakrishnan
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.