Happiest Minds Technologies Limited

BSE: 543227 NSE: HAPPSTMNDS
Happiest Minds Technologies Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials and compliance.
CIN L72900KA2011PLC057931 Incorporated 30 March 2011 ROC Bangalore HQ Bangalore, Karnataka, India
Active Listed - NSE: HAPPSTMNDS · BSE: 543227 Public Limited Company information technology
Data last updated
Revenue · FY 2026
₹2,315.11 Cr
▲ 12.34% YoY
EBITDA · FY 2026
₹488.35 Cr
▲ 7.14% YoY
Net profit · FY 2026
₹212.62 Cr
▲ 15.14% YoY
Authorised capital
₹59 Cr
Registered with MCA
Paid-up capital
₹30.45 Cr
Issued & subscribed
Open charges
₹759.42 Cr
Satisfied ₹130.8 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
4,375
Latest available

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 L72900KA2011PLC057931. 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. 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 ₹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.

Company Details of Happiest Minds Technologies Limited
CIN L72900KA2011PLC057931
Registration Number 057931
Incorporation Date 30 March 2011
ROC Bangalore
Listing Status Listed (BSE: 543227, NSE: HAPPSTMNDS)
Company Status Active
Date of Last AGM 29 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Venkatraman Narayanan Managing Director Joseph Vinod Anantharaju Whole-Time Director Rajiv Indravadan Shah Whole-Time Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    happiestminds.com
  • Social Media
  • Registered Address
    #53/1 – 4 Hosur Main Road Madivala (Next To Madivala Police Statio, N), Bangalore, Karnataka, India – 560068
  • Industry
    Information Technology, IT Consulting & Support Services
Company report
Happiest Minds Technologies Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Happiest Minds Technologies Limited in one report.

10-year financials Directors & ownership Charges & compliance

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
OSSCube
Cloud and big data services are offered by OSSCube. osscube.com
Happiest Minds
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 Mavenir Multi-access edge networking computing platform is provided for mobile services. Richardson, United States, United States 2005
GirnarSOFT GirnarSOFT Provider of website, web & mobile application development, BI, and digital marketing services Jaipur, India, India 2007
1&1 IONOS 1&1 IONOS Cloud infrastructure and hosting services are provided by 1&1 IONOS. Chesterbrook, United States, United States 1988
Datamatics Datamatics Cloud-based text analytics and cognitive automation services are provided. Mumbai, India, India 1975
Genpact Genpact Provider of end-to-end business process outsourcing services New York, United States, United States 1997
NTT DATA NTT DATA Application development, cloud, cybersecurity, and business intelligence services are provided. Koto City, Japan, Japan 1967
Endava Endava Endava is engaged in digital transformation and AI-driven solutions. London, United Kingdom, United Kingdom 2000
UST 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.

Current Directors
Name Designation Appointment Date Tenure Status
Joseph Vinod Anantharaju
Also directs: Happiest Minds Technologies Limited
Whole-Time Director 04 Nov 2020 5 Years 8 Months Current
Rajiv Indravadan Shah
Also directs: Happiest Minds Technologies Limited
Whole-Time Director 05 Aug 2024 1 Years 11 Months Current
Venkatraman Narayanan
Also directs: Happiest Minds Technologies Limited, Happiest Health Systems Private Limited, Govardhan Trading Company Pvt Ltd and 2 more
Managing Director 16 Jan 2018 8 Years 5 Months Current
Seshashayee Sampathiyengar Sridhara
Also directs: Fsn E-Commerce Ventures Limited, Happiest Minds Technologies Limited, Fsn International Limited
Director 05 Aug 2024 1 Years 11 Months Current
Ashok Soota
Also directs: Happiest Minds Technologies Limited, Ashok Soota Medical Research Llp, Happiest Business Services Private Limited and 1 more
Whole-Time Director 01 Apr 2011 15 Years 3 Months Current
Anita Ramachandran
Also directs: Grasim Industries Ltd, Ultratech Cement Limited, Blue Star Limited and 5 more
Director 04 Jun 2020 6 Years 1 Months Current
Showing 6 of 11 current directors. View all directors

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.

Revenue · FY 2026
₹2,315.11 Cr ▲ 12.34%
Profit · FY 2026
₹212.62 Cr ▲ 15.14%
EBITDA · FY 2026
₹488.35 Cr ▲ 7.14%
Revenue₹ Cr · Consolidated01,0002,0003,000FY 2021: ₹773 Cr773FY 2021FY 2022: ₹1,094 Cr · +41.4% YoY1,094+41.4%FY 2022FY 2023: ₹1,429 Cr · +30.7% YoY1,429+30.7%FY 2023FY 2024: ₹1,625 Cr · +13.7% YoY1,625+13.7%FY 2024FY 2025: ₹2,061 Cr · +26.8% YoY2,061+26.8%FY 2025FY 2026: ₹2,315 Cr · +12.3% YoY2,315+12.3%FY 2026
Net Profit₹ Cr · Consolidated0100200300FY 2021: ₹162 Cr162FY 2021FY 2022: ₹181 Cr · +11.5% YoY181+11.5%FY 2022FY 2023: ₹231 Cr · +27.5% YoY231+27.5%FY 2023FY 2024: ₹248 Cr · +7.5% YoY248+7.5%FY 2024FY 2025: ₹185 Cr · -25.7% YoY185-25.7%FY 2025FY 2026: ₹213 Cr · +15.1% YoY213+15.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0250500750Q1'25: ₹464 Cr · +18.7% YoY464+18.7%Q1'25Q2'25: ₹522 Cr · +28.3% YoY522+28.3%Q2'25Q3'25: ₹531 Cr · +29.5% YoY531+29.5%Q3'25Q4'25: ₹545 Cr · +30.5% YoY545+30.5%Q4'25Q1'26: ₹550 Cr · +18.6% YoY550+18.6%Q1'26Q2'26: ₹574 Cr · +10% YoY574+10%Q2'26Q3'26: ₹588 Cr · +10.7% YoY588+10.7%Q3'26Q4'26: ₹604 Cr · +10.9% YoY604+10.9%Q4'26
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
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
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
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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
Latest 12 quarters shown of 23 on record.
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
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
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
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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
Latest 12 quarters shown of 22 on record.
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 - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Happiest Minds Technologies Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

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.

Promoters: 44.21%DII (Domestic Institutional): 8.99%FII (Foreign Institutional): 5.94%Retail & Others: 39.53%Others: 1.33%
Mar 2026
QUARTER
44.21% Promoters
8.99% DII (Domestic Institutional)
5.94% FII (Foreign Institutional)
39.53% Retail & Others
1.33% Others
Promoter holding - history
Now 44.21% · Mar 2026High 53.26% · Mar 2022Low 44.21% · Mar 2025
43%46%49%52%55%Sep 2020Dec 2021Mar 2023Jun 2024Sep 2025Sep 2020: 53.25%Dec 2020: 53.25%Mar 2021: 53.25%Jun 2021: 53.25%Sep 2021: 53.25%Dec 2021: 53.25%Mar 2022: 53.26%Jun 2022: 53.25%Sep 2022: 53.25%Dec 2022: 53.25%Mar 2023: 53.24%Jun 2023: 53.24%Sep 2023: 51.35%Dec 2023: 50.24%Mar 2024: 50.24%Jun 2024: 44.22%Sep 2024: 44.22%Dec 2024: 44.22%Mar 2025: 44.21%Jun 2025: 44.21%Sep 2025: 44.21%Dec 2025: 44.21%Mar 2026: 44.21%53.26%44.21%44.21%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters44.21%44.21%44.21%44.21%44.21%44.22%
Public54.47%54.45%54.43%54.39%54.32%54.25%
Employee Trusts1.32%1.34%1.36%1.40%1.46%1.52%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Promoters44.21%44.21%50.24%53.24%53.26%53.25%
Public54.47%54.32%47.84%44.26%43.85%46.75%
Employee Trusts1.32%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.

DirectorPositionOn board sinceListed 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
Board Committees
CommitteeMembers
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.

1
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Sri Mookambika Infosolutions Private Limited U72200KA2010PTC184873 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Happiest Minds Technologies Limited

Open charges
₹759.42 Cr
Satisfied charges
₹130.8 Cr
Breakdown by lending institutions
Others₹507.42 Cr
Hdfc Bank Limited₹87.00 Cr
State Bank of India₹80.00 Cr
Citi Bank N.A.₹60.00 Cr
Axis Bank Limited₹25.00 Cr
Latest charge details
DateLenderAmountStatus
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 count
4,375
Active EPFO establishments
1
Employee growth
8.78%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Happiest Minds Technologies Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Happiest Minds Technologies Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Happiest Minds Technologies Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Happiest Minds Technologies Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Happiest Minds Technologies Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Happiest Minds Technologies Limited

MSME Payment Delays by Happiest Minds Technologies Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Happiest Minds Technologies Limited

Subsidiaries & Group Companies of Happiest Minds Technologies Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Happiest Minds Technologies Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Happiest Minds Technologies Limited

MCA Filings & Documents of Happiest Minds Technologies Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Happiest Minds Technologies Limited

Charges
17 Sep 2025
A charge with Others amounted to Rs. 123.75 Cr with Charge ID 101167679 was registered on 17 Sep 2025.
Activity
29 Jul 2025
Happiest Minds Technologies Limited last Annual general meeting of members was held on 29 Jul 2025 as per latest MCA records.
Directors
08 Jul 2025
Anand Balakrishnan was appointed as a Cfo on 08 Jul 2025 & has been associated with this company since 1 year 1 day.
Charges
12 Jun 2025
A charge with State Bank Of India amounted to Rs. 80.00 Cr with Charge ID 101115264 was registered on 12 Jun 2025.
Directors
10 Apr 2025
Joseph Vinod Kumar Anantharaju was appointed as a Ceo on 10 Apr 2025 & has been associated with this company since 1 year 3 months.
Activity
31 Mar 2025
Happiest Minds Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.

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:

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.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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