Close
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c
  • SENSEX May 18 2024 12:00
    74,005.94 +88.91 ( +0.12%)
  • NIFTY May 18 2024 12:00
    22,502.00 +35.90 ( +0.16%)
  • SENSEX May 18 2024 12:00
    74,005.94 +88.91 ( +0.12%)
  • NIFTY May 18 2024 12:00
    22,502.00 +35.90 ( +0.16%)
  • Nasdaq May 18 2024 04:30
    16,685.97 -12.35 (-0.07%)
  • DJIA May 18 2024 04:30
    40,003.59 +134.21 ( +0.34%)
  • S&P 500 May 18 2024 04:30
    5,303.27 +6.17 ( +0.12%)
  • Hang Seng May 17 2024 02:10
    19,553.61 +177.08 ( +0.91%)
  • Crude Oil May 17 2024 11:29
    6,670.00 +8.00 ( +0.12%)
  • Gold May 17 2024 11:29
    73,750.00 +39.00 ( +0.05%)
  • Silver May 17 2024 11:29
    91,149.00 +125.00 ( +0.14%)
  • Copper May 17 2024 11:30
    919.30 +25.00 ( +2.80%)
  • Pound / Rupee Dec 23 2016 22:30
    105.79 +0.36 ( +0.34%)
  • Dollar / Rupee Dec 23 2016 22:30
    83.47 +0.01 ( +0.01%)
  • Euro / Rupee Dec 23 2016 22:30
    90.76 +0.22 ( +0.25%)
  • Yen / Rupee Dec 23 2016 22:30
    0.54 0.00 ( +0.51%)

Happiest Minds Technologies Ltd

BSE Code : 543227 | NSE Symbol : HAPPSTMNDS | ISIN:INE419U01012| SECTOR : IT - Software |

NSE BSE
 
SMC down arrow

818.30

-1.20 (-0.15%) Volume 52583

18-May-2024 EOD

Prev. Close

819.50

Open Price

819.50

Bid Price (QTY)

818.30(114)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 826.05 - 816.75

52 wk High/Low 1,023.00 - 741.00

Key Stats

MARKET CAP (RS CR) 12451.51
P/E 50.88
BOOK VALUE (RS) 96.8173897
DIV (%) 270
MARKET LOT 1
EPS (TTM) 16.07
PRICE/BOOK 8.44579679883685
DIV YIELD.(%) 0.69
FACE VALUE (RS) 2
DELIVERABLES (%) 57.34
4

News & Announcements

16-May-2024

Happiest Minds Technologies forges strategic partnership with Solvio

16-May-2024

Happiest Minds Technologies Ltd - Happiest Minds Technologies Limited - Press Release

16-May-2024

Happiest Minds Technologies Ltd - Happiest Minds Technologies Limited - Press Release

16-May-2024

Happiest Minds Technologies Ltd - Happiest Minds Technologies Limited - Press Release

16-May-2024

Happiest Minds Technologies forges strategic partnership with Solvio

07-May-2024

Happiest Minds Technologies to convene AGM

25-Apr-2024

Happiest Minds Technologies to acquire Noida-based PureSoftware Technologies

19-Apr-2024

Happiest Minds Technologies to acquire Macmillan Learning India

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
3i Infotech Ltd 532628 3IINFOLTD
63 Moons Technologies Ltd 526881 63MOONS
7Seas Entertainment Ltd 540874
AAA Technologies Ltd 543671 AAATECH
Abacus Computers Ltd 508987
ABM Knowledgeware Ltd 531161
Accedere Ltd 531533
Accel Ltd 517494
AccelerateBS India Ltd 543938
Accelya Solutions India Ltd 532268 ACCELYA
Accentia Technologies Ltd 531897
Ace Engitech Ltd 530669
Ace Integrated Solutions Ltd 538440 ACEINTEG
Ace Software Exports Ltd 531525
ACI Infocom Ltd 517356
AcroPetal Technologies Ltd 533330 ACROPETAL
ACS Technologies Ltd 530745
Aditya Birla Minacs IT Services Ltd 532199 PSIDATASYS
Adjia Technologies Ltd 543269
Adroit Infotech Ltd 532172 ADROITINFO
Adroit Infotech Ltd Partly Paidup 890196 ADROITPP
Advent Computer Services Ltd 531429
Affle India Ltd 542752 AFFLE
Aftek Ltd 530707 AFTEK
Agnite Education Ltd 532358 TELEDATAGL
AGS Infotech Ltd 533314
Aion-Tech Solutions Ltd 531439 GOLDTECH
Airan Ltd 543811 AIRAN
Alankit Ltd 531082 ALANKIT
All E Technologies Ltd 77118 ALLETEC
Allied Digital Services Ltd 532875 ADSL
Allsec Technologies Ltd 532633 ALLSEC
Allsoft Corporation Ltd 532327
Alphalogic Techsys Ltd 542770
Alps Bpo Services Ltd 531924
Amber Fabrics Ltd 536820
Ami Computers (I) Ltd 526805
Anka India Ltd 531673
Aris International Ltd 531677
ASM Technologies Ltd 526433
ASM Technologies Ltd Partly Paidup 890167
Athena Global Technologies Ltd 517429
Atishay Ltd 538713
Aurionpro Solutions Ltd 532668 AURIONPRO
Aurum Proptech Ltd 539289 AURUM
Aurum PropTech Ltd Partly Paidup 890168 AURUMPP1
AXISCADES Technologies Ltd 532395 AXISCADES
Aztecsoft Ltd(merged) 532385 AZTECSOFT
B2B Software Technologies Ltd 531268
Bangalore Softsell Ltd 40662
Baron Infotech Ltd 532336
Bartronics India Ltd 532694 ASMS
Bathina Technologies (India) Ltd 532377
Benchmark Computer Solutions Ltd 544052
Bharatiya Global Infomedia Ltd 533499 BGLOBAL
Birlasoft Ltd 532400 BSOFT
Black Box Ltd 500463 BBOX
BLS E-Services Ltd 544107 BLSE
BLS International Services Ltd 540073 BLS
Blue Cloud Softech Solutions Ltd 539607
Blue Information Technology Ltd 532182
Blue Star Infotech Ltd 532346 BLUESTINFO
Bodhtree Consulting Ltd 539122 BODHTREE
Brightcom Group Ltd 532368 BCG
Brothers Computers & Software (I) Ltd 532000
C.E. Info Systems Ltd 543425 MAPMYINDIA
Cadsys (India) Ltd 535011 CADSYS
California Software Company Ltd 532386 CALSOFT
Cambridge Technology Enterprises Ltd 532801 CTE
Canarys Automations Ltd 91876 CANARYS
Capricorn Systems Global Solutions Ltd 512169
Cat Technologies Ltd 531682
Cauvery Software Engineering Systems Ltd 500080 CAUVERSOFT
Ceinsys Tech Ltd 538734
Centerac Technologies Ltd 531621
CES Ltd 512341
CG-VAK Software & Exports Ltd 531489
Cigniti Technologies Ltd 534758 CIGNITITEC
CLIO Infotech Ltd 530839
Coforge Ltd 532541 COFORGE
Commex Technology Ltd 532342
Compudyne Winfosystems Ltd 532306 COMPUDYNE
Compulink Systems Ltd(merged) 532688 COMSYS
Computech International Ltd 531224 COMPUTECH
Computer Power (India) Ltd 40658
Continental Chemicals Ltd 506935
Coral Hub Ltd 533011 CORAL-HUB
COSYN Ltd 538922
Covidh Technologies Ltd 534920
Cranes Software International Ltd 512093 CRANESSOFT
Crystal Software Solutions Ltd 526033
Cura Technologies Ltd 532332 CURATECH
Cyber Media Research & Services Ltd 535482 CMRSL
Cyberscape Multimedia Ltd 532364
Cybertech Systems & Software Ltd 532173 CYBERTECH
Cyient Ltd 532175 CYIENT
Datamatics Global Services Ltd 532528 DATAMATICS
Datasoft Applications Software (India) Ltd 526443
Datum Technologys (India) Ltd 40626
Delaplex Ltd 92601 DELAPLEX
Dev Information Technology Ltd 543462 DEVIT
Dhanus Technologies Ltd 532903 DHANUS
Diamond Infosystems Ltd 530801
Dibba Infotech Ltd 538399
DigiSpice Technologies Ltd 517214 DIGISPICE
Dion Global Solutions Ltd 526927 FORTISFIN
Dot Com Global Ltd 530391 PERCIMDIAM
DRC Systems India Ltd 543268 DRCSYSTEMS
DSQ Software Ltd 523864 SQRDSFWARE
Dynacons Systems & Solutions Ltd 532365 DSSL
e.star Infotech Ltd 532417
E2E Networks Ltd 535080 E2E
eClerx Services Ltd 532927 ECLERX
ECS Biztech Ltd 540063
Ed & Tech International Ltd 590038 VISUINTL
Edserv Softsystems Ltd 533055 EDSERV
Edvenswa Enterprises Ltd 517170
Eider Infotech Ltd 531958 EIDERTELE
Ekennis Software Service Ltd 543475
Emed.com Technologies Ltd 524588
eMudhra Ltd 543533 EMUDHRA
Enfuse Solutions Ltd 92697 ENFUSE
Enser Communications Ltd 92602 ENSER
Eonour Technologies Ltd 532308
Equippp Social Impact Technologies Ltd 590057 EQUIPPP
ERP Soft Systems Ltd 530909
Esconet Technologies Ltd 92683 ESCONET
Essemm Information Systems Ltd 40661
Euphoria Infotech (India) Ltd 544094
European Software Alliances Ltd 530387 EUROSOFTAL
Exel Software Ltd 531759
Expleo Solutions Ltd 533121 EXPLEOSOL
Exquisite Exports Ltd 40682
FCS Software Solutions Ltd 532666 FCSSOFT
FI Sofex Ltd 40644
Fidel Softech Ltd 535450 FIDEL
Finelistings Technologies Ltd 544173
Fintech Communication Ltd 531754
First Fintec Ltd 532379
Firstsource Solutions Ltd 532809 FSL
Flextronics Software Systems Ltd(merged) 532266 FSS
Fore C Software Ltd 40515
Fourth Generation Information Systems Ltd 532403
Frontlinesoft Ltd 40646
Funny Software Ltd 539169
Genesys International Corporation Ltd 506109 GENESYS
Geodesic Ltd 503699 GEODESIC
Geometric Ltd (Merged) 532312 GEOMETRIC
Globalspace Technologies Ltd 540654
Globesecure Technologies Ltd 535449 GSTL
Glodyne Technoserve Ltd 532672 GLODYNE
Gracious Software Ltd 780002
GSS Infotech Ltd 532951 GSS
G-Tech Info Training Ltd 532139
GVP Infotech Ltd 532600 GVPTECH
HCKK Ventures Ltd 539224
Healthfore Technologies Ltd 533525
Hexaware Technologies Ltd 532129 HEXAWARE
Hiliks Technologies Ltd 539697
Hinduja Global Solutions Ltd 532859 HGS
HOV Services Ltd 532761 HOVS
HRH Next Services Ltd 92234 HRHNEXT
Hypersoft Technologies Ltd 539724
I Power Solutions India Ltd 512405
ID Info Business Services Ltd 511260
IDream Film Infrastructure Company Ltd 504375
IGate Computer Systems Ltd(Merged) 532517 PATNI
IIS Infotech Ltd 40187
IKF Technologies Ltd 532414
Indus Networks Ltd 532381
Infibeam Avenues Ltd 539807 INFIBEAM
Infinite Computer Solutions India Ltd 533154 INFINITE
InfoBeans Technologies Ltd 543644 INFOBEAN
Info-Drive Software Ltd 530703 INFODRIVE
Informed Technologies India Ltd 504810
Infronics Systems Ltd 537985
Innovana Thinklabs Ltd 535036 INNOVANA
Innovation Software Exports Ltd 517433
Inspirisys Solutions Ltd 532774 INSPIRISYS
Integra Telecommunication & Software Ltd 536868
Integrated Data Systems Ltd 40277
Integrated Hitech Ltd 532303
Intellect Design Arena Ltd 538835 INTELLECT
Intellvisions Software Ltd (Merged) 531777
Intense Technologies Ltd 532326 INTENTECH
Intergrated Digital Info Services Ltd 523770
International Data Management Ltd 517044
Intertec Technologies Ltd 40620
Interworld Digital Ltd 532072
IOL Netcom Ltd 512185 IOLN
IQ Infotech Ltd 532421
IRIS Business Services Ltd 540735 IRIS
Irmac Services India Ltd 40648
IZMO Ltd 532341 IZMO
Jointeca Education Solutions Ltd 534659
Jonjua Overseas Ltd 542446
K2 Systems Ltd 40673
Kaashyap Technologies Ltd 532283
KALS Information Systems Ltd 40672
Kandarp Digi Smart BPO Ltd 535480 KANDARP
Kashyap Tele-Medicines Ltd 531960
KCC Software Ltd 40688
Kedia Infotech Ltd 531976
Kellton Tech Solutions Ltd 519602 KELLTONTEC
Kireeti Soft Technologies Ltd 40629
Kirloskar Multimedia Ltd 532352
KLG Systel Ltd 531269 KLGSYSTEL
Kody Technolab Ltd 91666 KODYTECH
KPIT Technologies Ltd 542651 KPITTECH
Krisn Information Technologies Ltd 40655
Ksolves India Ltd 543599 KSOLVES
Lan Eseda Industries Ltd 523407 LANESEDA
Latent View Analytics Ltd 543398 LATENTVIEW
Lee & Nee Software (Exports) Ltd 517415
Lex Nimble Solutions Ltd 541196
Maars Software International Ltd 531528 MAARSOFTW
Magellanic Cloud Ltd 538891
Magnum Ltd 530347
Mahaveer Infoway Ltd 539383
Mangalya Soft-Tech Ltd 530243
Mastek Ltd 523704 MASTEK
Master.com Software Ltd 40640
Meglon Infra-Real (India) Ltd 511367
Megri Soft Ltd 539012
Melstar Information Technologies Ltd 532307 MELSTAR
Micro Technologies (India) Ltd 532494 MICROTECH
Micropro Software Solutions Ltd 75780 MICROPRO
Millennium Cybertech Ltd 531942
Millennium Infocom Technologies Ltd 40637
Mindpool Technologies Ltd 535155 MINDPOOL
Mindteck (India) Ltd 517344 MINDTECK
Mipco Seamless Rings (Gujarat) Ltd 505797
Moschip Technologies Ltd 532407
MPS Ltd 532440 MPSLTD
Mudunuru Ltd 538743
MYM Technologies Ltd 531843
N2N Technologies Ltd 512279
Naapbooks Ltd 543351
Nazara Technologies Ltd 543280 NAZARA
Net 4 India Ltd 532912 NET4
Netlink Solutions (India) Ltd 509040
Netripples Software Ltd 542117
Netvision Web Technologies Ltd 532010
Network People Services Technologies Ltd 535391 NPST
New Markets Advisory Ltd 508867
Newgen Software Technologies Ltd 540900 NEWGEN
Nexus Software Ltd 517540
Nexxoft Infotel Limited 532045
Nihar Info Global Ltd 531083
Niks Technology Ltd 543282
NINtec Systems Ltd 539843 NINSYS
Nucleus Software Exports Ltd 531209 NUCLEUS
Oasis Infotech Ltd 40627
Objectone Information Systems Ltd 535657
Octaware Technologies Ltd 540416
Odyssey Technologies Ltd 530175
Olatech Solutions Ltd 543578
Omega Interactive Technologies Ltd 511644
Omni Axs Software Ltd 532340
Omnitech Infosolutions Ltd 532882 OMNITECH
One Point One Solutions Ltd 535039 ONEPOINT
Ontrack Systems Ltd 532607
Onward Technologies Ltd 517536 ONWARDTEC
Oracle Financial Services Software Ltd 532466 OFSS
Orchasp Ltd 532271
Orient Information Technology Ltd(merged) 531167 ORIENTINFO
Orpine Systems Ltd 40694
Pace Automation Ltd 517292
Palred Technologies Ltd 532521 PALREDTEC
Palsoft Infosystems Ltd 511597
Panoramic Universal Ltd 531816 PANORAMUNI
PB Fintech Ltd 543390 POLICYBZR
PCS Technology Ltd 517119
Pentagon Global Solutions Ltd 532314
Pentamedia Graphics Ltd 500329 PENTSFWARE
Pentasoft Technologies Ltd(merged) 531492 PENTACOMMU
PFL Infotech Ltd 531769
Pine Animation Ltd 511421
Plada Infotech Services Ltd 91657 PLADAINFO
Platinumone Business Services Ltd 543352
Polaris Consulting & Services Ltd 532254 POLARIS
Powersoft Global Solutions Ltd 532736
Pragnya Software Systems Ltd 40652
Prism Informatics Ltd 505530
Prithvi Information Solutions Ltd 532675 PRITHVI
Protean eGov Technologies Ltd 544021
Proto Developers & Technologies Ltd 530069
Qpro Infotech Ltd 506102
Quadpro ITeS Ltd 535400 QUADPRO
Quick Heal Technologies Ltd 539678 QUICKHEAL
Quicktouch Technologies Ltd 77759 QUICKTOUCH
Quint Digital Ltd 539515
Quintegra Solutions Ltd 532866 QUINTEGRA
R S Corporation Ltd 531700
R S Software (India) Ltd 517447 RSSOFTWARE
R Systems International Ltd 532735 RSYSTEMS
Rajesh Global Solutions Ltd 40645
Ram Info Ltd 530951
Ramco Systems Ltd 532370 RAMCOSYS
Ranklin Solutions Ltd 590077 RANKLIN
Ransi Softwares India Ltd 532165
Rategain Travel Technologies Ltd 543417 RATEGAIN
Reliable Data Services Ltd 535020 RELIABLE
Religare Technova Global Solutions Ltd(merged) 530619
Relson India Ltd 502473
Response Informatics Ltd 538273
Riddhi Corporate Services Ltd 540590
Rolta India Ltd 500366 ROLTA
Route Mobile Ltd 543228 ROUTE
RPSG Ventures Ltd 542333 RPSGVENT
S Kumars Online Ltd 532316
SagarSoft (India) Ltd 540143
Sahana Systems Ltd 78078 SAHANA
Sai Info Ltd(merged) 532118
Saksoft Ltd 590051 SAKSOFT
Sancode Technologies Ltd 543897
Sankhya Infotech Ltd 532972
Sanraa Media Ltd 531312
Sasken Technologies Ltd 532663 SASKEN
Satellite Infoconcepts Ltd 508671
Saven Technologies Ltd 532404
Scanpoint Geomatics Ltd 526544
Scanpoint Geomatics Ltd Partly Paidup 890154
Scintilla Software Technology Ltd 530729 SCINTSOFT
Secmark Consultancy Ltd 543234 SECMARK
SecureKloud Technologies Ltd 512161 SECURKLOUD
Senthil Infotek Ltd 531980
Sequelsoft India Ltd 532422
Seshachal Technologies Ltd 531794
Shapre Global Info Services Ltd (Merged) 532361
Shell Infotech Ltd 503630
Shine Computech Ltd 40650
Shonkh Technologies International Ltd 512028
Shreejal Info Hubs Ltd 506874
Shyama Infosys Ltd 531219
Sibar Software Services (India) Ltd 532302
Sierra Optima Ltd 531121 SIERRAOPT
Sigma Solve Ltd 543917 SIGMA
Silver Touch Technologies Ltd 543525 SILVERTUC
Silverline Technologies Ltd 500389 SILVERLINE
Sindu Valley Technologies Ltd 505504
SMS Techsoft (India) Ltd 531838
Sofcom Systems Ltd 538923
Softech Infinium Solutions Ltd 530651
Softrak Technology Exports Ltd 526457
Softsol India Ltd 532344
Softtech Engineers Ltd 543470 SOFTTECH
Sonata Software Ltd 532221 SONATSOFTW
Spanco Ltd 508976 SPANCO
Sparc Electrex Ltd Partly Paidup 890184
Spectacle Ventures Ltd 512413 SPECTACLE
Springform Technology Ltd 501479
Srico Software India Ltd 40624
Sriven Multi-Tech Ltd 531536
Starcom Information Technology Ltd 531616
Sterling Webnet Ltd 531901
Stock Net International Ltd 512640
Subex Ltd 532348 SUBEXLTD
Suchinfotech Ltd 40635
Sylph Technologies Ltd 511447
Synfosys Business Solutions Ltd 40631
Synoptics Technologies Ltd 73365 SYNOPTICS
Systango Technologies Ltd 78521 SYSTANGO
TAC Infosec Ltd 92785 TAC
Taksheel Solutions Ltd 533639 TAKSHEEL
Tanla Platforms Ltd 532790 TANLA
Tata Elxsi Ltd 500408 TATAELXSI
Tata Technologies Ltd 544028 TATATECH
TCS e-Serve Ltd (Merged) 509028 E-SERVEINT
TechNest Solutions Ltd 40414
TechNVision Ventures Ltd 501421
Tej Infoways Ltd 538793
TeleCanor Global Ltd 530595
Teledata Marine Solutions Ltd 533462 TELEMARINE
Teledata Technology Solutions Ltd 533089 TELEDATAIT
Teleperformance Business Services India Ltd 532833
Tera Software Ltd 533982 TERASOFT
Titan Intech Ltd 521005
Top Media Entertainment Ltd 532036
Tracxn Technologies Ltd 543638 TRACXN
Transcon Research & Infotech Ltd 531318
Transtream India.Com Ltd 532258
Tranway Technologies Ltd 542923
Trejhara Solutions Ltd 542233 TREJHARA
Tricom India Ltd 531675 TRICOM
Trident Techlabs Ltd 92619 TECHLABS
Tridhya Tech Ltd 78836 TRIDHYA
Trigyn Technologies Ltd 517562 TRIGYN
Triton Corp. Ltd 523387
Trust Fintech Ltd 92787 TRUST
Turbotech Engineering Ltd 504358
Tutis Technologies Ltd 532311
Twinstar Industries Ltd 531917
Uniport Computers Ltd 523632
Unipro Technologies Ltd 540189
United Interactive Ltd 502893
USG Tech Solutions Ltd 532402
Valuemart Info Technologies Ltd 532338
Vantel Technologies Ltd 532396
Varanium Cloud Ltd 535478 CLOUD
Varanium Cloud Ltd Partly Paidup 92417 CLOUDPP
Vedavaag Systems Ltd 533056
Veefin Solutions Ltd 543931
Vertexplus Technologies Ltd 77890 VERTEXPLUS
Vertoz Advertising Ltd 535029 VERTOZ
Vikram Software Ltd 40634
Virgo Global Ltd 532354
Virinchi Ltd 532372 VIRINCHI
Virtual Dynamics Software Ltd 40649
Virtualsoft Systems Ltd 531126
Visesh Infotecnics Ltd 532411 VISESHINFO
Visie Cyber Tech Ltd 40625
VisualSoft Technologies Ltd(merged) 532214 VISUALSOFT
Vivo Collaboration Solutions Ltd 535418 VIVO
VL E-Governance & IT Solutions Ltd 543958 VLEGOV
Washington Softwares Ltd 531933
Watson Software Ltd 516090
We Win Ltd 543535 WEWIN
Weal Infotech Ltd 40647
Web Element Solutions Ltd 780016
Wherrelz IT Solutions Ltd 543436
Wisec Global Ltd 511642
Xchanging Solutions Ltd 532616 XCHANGING
Xelpmoc Design and Tech Ltd 542367 XELPMOC
XT Global Infotech Ltd 531225
Yudiz Solutions Ltd 66576 YUDIZ
Zaggle Prepaid Ocean Services Ltd 543985 ZAGGLE
Zenith Global Consultants Ltd 40677
Zenith Infotech Ltd 532298 ZENITHINFO
Zensar Technologies Ltd 504067 ZENSARTECH
Zigma Software Ltd 532177
Zylog Systems Ltd 532883 ZYLOG

Share Holding

Category No. of shares Percentage
Total Foreign 10926217 7.18
Total Institutions 3929618 2.58
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 6205378 4.08
Total Promoters 76500511 50.24
Total Public & others 54713087 35.93
Total 152274811 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Happiest Minds Technologies Ltd

Incorporated on March 30, 2011, Happiest Minds Technologies Limited (formerly known as Happiest Minds Technlogies Private Limited) is engaged in next generation IT solutions & services Company, enabling organizations to capture the business benefits of emerging technologies of Cloud Computing, Social Media, Mobility Solutions, Business Intelligence, Analytics, Unified Communications and Internet of Things. The Company offers high degree of skills, IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. The Company focuses on industries in the Retail/CPG, BFSI, Travel & Transportation, Manufacturing and Media space. Happiest Minds provide a Smart, Secure and Connected Experience to its Customers. In the Solution space, focus areas are Security, M2M and Mobility solutions. The Company engineer next-generation products and platforms across software and hardware that power digital evolution and provide end-to-end engineering services for developing high-quality, scalable, and secure products. It has expertise in core technologies like cloud, mobile UI/UX, hardware & embedded, DevOps and emerging technologies like blockchain, AI, edge computing, drones and computer vision across edutech, hi-tech, media and entertainment, healthcare & life sciences, industry, and manufacturing sectors, which provide with a competitive advantage and have enabled to build smart and connected product solutions and services. As on 31 March 2018, the Company has only one wholly owned subsidiary company viz., Happiest Minds Technologies LLC, USA. Pursuant to initial public offering, the Company was converted into a Public Limited Company pursuant to a Special Resolution passed in the Extra Ordinary General Meeting of the Shareholders of the Company held on 13 May 2020 and name of the Company changed to its present name Happiest Minds Technologies Limited', and a fresh Certificate of Incorporation was issued by the Registrar of Companies on 20 May 2020. Accordingly, the Company has amended Memorandum of Association and adopted new Articles of Association of the Company effective 13 May, 2020. As approved by the Board of Directors on 16 March 2020 and on 13 May 2020, the Company in aggregate has converted 433,728 14% Series A Non-Cumulative Compulsorily Convertible Preference Share of Rs. 652/- each to 70,697,664 Equity Shares of Rs.2/- each as per the conversion ratio of 163 Equity Shares for every Preference Share. Since there has been no operations in the subsidiary company, the Company had on 16 March 2020 initiated steps to voluntarily dissolve and wind-up the company and accordingly the subsidiary company was wound up on 03 June 2020. During the FY2021, the Company made an Initial Public Offering ('IPO') of 4,22,90,091 equity shares of face value of Rs 2 each of the Company for cash at a price of Rs 166 per equity share, including a premium of Rs 164 per equity share aggregating to Rs 7,02.02 Crore, comprising of a fresh issue of 66,26,506 equity shares aggregating to Rs 110 Crore and an offer for sale of 84,14,223 equity shares by Mr. Ashok Soota, the Promoter and 2,72,49,362 equity shares by CMDB II, the Investor, aggregating to Rs 592.02 Crore. The issue opened on 07 September 2020 and closed on 09 September 2020. The Company's entire paid-up share capital consisting of 14,68,63,556 equity shares were listed and admitted for dealing on the National Stock Exchange of India Limited and BSE Limited with effect from 17 September 2020. On 27 January 2021, the Company signed definitive agreements acquiring 100% voting interest in PGS Inc., a US based end-to-end digital e-commerce solutions company, from Moonscape Inc., USA (parent company of PGS Inc.) for total computed consideration of USD 13.31 million (approximately Rs. 9,720 lakhs), comprising cash consideration of USD 8.25 million (approximately Rs. 6,025 lakhs) and fair-valued contingent consideration in the form of warrants of USD 5.06 million (approximately Rs. 3,696 lakhs) over the next three years, to be settled by PGS Inc. to Moonscape Inc. As of 31 March 2021, the Company had one wholly owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.). During the year 2020-21, Company signed definitive agreements to acquire, with effect from January 1, 2021, 100% ownership interest in PGS Inc which had permission to Do Business As 'DBA' - Pimcore Global Services, a Houston, USA, based digital e-commerce and data management solutions company for a cash consideration of US $8.25 million. Prior to the acquisition, PGS was a Customer of the Company. Revenues of PGS for the fiscal ended December 31, 2020 (pre-acquisition) was circa US$ 10.6 million during which period Company counted PGS as one of its US$ 2M + customer. Post-acquisition, the name of the PGS Inc. got changed to Happiest Minds Inc. During the year 2021-22, Company made a strategic investment into Tech4TH, a consulting led technology services company that exclusively focuses on the travel and hospitality segment. As of March 31, 2022, Company had one wholly-owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.). During the year 2022-23, Company acquired Sri Mookambika Infosolutions Private Limited (SMI), a Madurai headquartered, profitable, IT services company for an equity consideration of Rs 111.32 Crores, which became effective from January 01, 2023.

Happiest Minds Technologies Ltd Chairman Speech

Dear Stakeholders.

As we commence the second decade of Happiest Minds, it gives me immense satisfaction to report that your Company continues its path-breaking and highly successful run. We represent a unique model which combines the highest standards of corporate governance and people-centric culture with industry-leading results of profitability and growth.

In FY 2022-23, Happiest Minds delivered a growth of 23.7% in revenue (constant currency) and an EBITDA margin of 26.2%. Our EBITDA margin was second only to the largest listed IT Services company. We have delivered an enviable EBITDA margin of 26.2%, exceeding the upper band of our guidance of 22% - 24%. On a metric of revenue growth plus EBITDA margin, at 56.8%, we continue to be amongst the best in the industry.

This year, we have chosen the "Excellence in Governance and

Growth" theme for our Integrated Annual Report FY 2022-23. At Happiest Minds, we have established corporate governance practices well before the company was listed in 2020, fundamentally striving to function like an exemplary public entity since our inception. As part of our vision to be known for the best corporate governance standards, we have made continuous strides to deploy leading-edge tech for the dissemination of information and educating our stakeholders on cyber risks within the organizational network, driving sustained, long-term business value while ensuring collaborative, and transparent communication at all levels of the organizational network.

I would like to highlight a few of the accomplishments we earned in the last financial year. Happiest Minds stands for excellent corporate governance, and the awards represent a triple confirmation of our disclosure, transparency, and governance practices.

¦ Golden Peacock Award for Excellence in Corporate Governance 2022

¦ ICSI Best Governed Company in Listed Segment: Medium Category - National Awards for Excellence in Corporate Governance

¦ ICAI for ‘Excellence in Financial Reporting for 2021-22? Plaque in the Category VIII (A) - Service Sector (other than financial services sector)

¦ GOLD at the League of American Communications Professionals? (LACP) 2022 Spotlight Awards for the Integrated Annual Report (FY 2021-22)

WE ARE DRIVEN BY A MINDFUL APPROACH, CHOOSING TO DO WHAT BEST SERVES OUR PEOPLE, OUR CUSTOMERS AND BUSINESS OUTCOMES.

I was humbled on being conferred ICSI?s Lifetime Achievement Award for Corporate Governance. I have accepted this award on behalf of all Happiest Minds and the many teams who have worked with me to create institutions recognized for excellence in Corporate Governance.

We are also delighted to be recognized by Great Place to Work? Institute (GPTW). For the second time in a row, Happiest Minds was recognized among the Top 10 India?s Best Workplaces in Health and Wellness 2022. We continued to receive recognition from GPTW as one of the most attractive employers. We were named among the Top 50 India?s Best Workplaces Building a Culture of Innovation by All 2023, Top 25 India?s Best Workplaces in IT & IT-BPM 2022, and Top 50 India?s Best Workplaces for Women 2022.

Your Company?s growth was broad-based, with all our business units, operating geographies, and Centers of Excellence delivering excellent results. These results were enabled by the contributions of our delivery teams, technology and domain groups, and the support of all our corporate functions under the leadership of our Executive Board. Customer Satisfaction, as measured by our internal survey, showed a Net Promoter Score (NPS) of 60 and an overall satisfaction level of 7.9 on a scale of 9.0. We believe these numbers to be in the top tier, along with comparable companies.

We are driven by a mindful approach, choosing to do what best serves our people, our customers and business outcomes. Our people are collaborative and have a superlative commitment to value creation for our customers. We continue to strive hard to partner with our people, customers, and the community so that we are unitedly committed to a single purpose and shared success.

Several strategic decisions made in the past year mark our growth story. We purchased a Grade A, fully built-up commercial property with a super-built area of 240,000 sq. ft., in Electronic City, Bengaluru, and an expansion in a newer location like Bhubaneswar. We increased the delivery capacity of our Noida facility ("Smiles 5") to leverage the diverse high-technology talent pool in NCR. I am also excited to share that in the last quarter of the year, your Company acquired Sri Mookambika Infosolutions (SMI). The new entity, SMI, brings in deep domain capabilities which add to our healthcare vertical strengths and align very well with our Product Engineering Services business unit.

Another indicator of our confidence in growth for FY 2023-24 is Happiest Minds? people addition plan. We aim to add a record number of 1300 persons. This is in stark contrast to some of our peer organizations who have announced deferment of campus hiring etc. We plan to continue with a robust guidance on revenue growth while sustaining EBITDA margin in the 22-24% range.

Sustainable development is key to our growth. Happiest Minds, for its part, is dedicated to achieving carbon neutrality in its operations by 2030. We have deployed a 183 kWp solar power plant that will generate 256 MWh of electricity annually. It is estimated to reduce 210 MT of carbon emissions annually and 5200 MT over its lifecycle. This new solar power plant at our Bengaluru campus and our array of CSR initiatives are important Smilestones on our ESG roadmap to be vocal about a cleaner energy future and building long-term business sustainability.

As we look ahead to the future, we are optimistic and excited about the tremendous opportunity that awaits us.

I would like to express my gratitude to our customers for their continued faith and trust in Happiest Minds. I am also grateful to all Happiest Minds for their commitment and dedication to enable the happiness of our customers. I am grateful to our Board of Directors, our shareholders, and all other stakeholders for their wishes, guidance and support that help us accelerate our digital and agile journeys.

Let me close by wishing all of you good health and happiness. With warm regards.

Ash ok Soota
Executive Chairman

   

Happiest Minds Technologies Ltd Company History

Incorporated on March 30, 2011, Happiest Minds Technologies Limited (formerly known as Happiest Minds Technlogies Private Limited) is engaged in next generation IT solutions & services Company, enabling organizations to capture the business benefits of emerging technologies of Cloud Computing, Social Media, Mobility Solutions, Business Intelligence, Analytics, Unified Communications and Internet of Things. The Company offers high degree of skills, IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. The Company focuses on industries in the Retail/CPG, BFSI, Travel & Transportation, Manufacturing and Media space. Happiest Minds provide a Smart, Secure and Connected Experience to its Customers. In the Solution space, focus areas are Security, M2M and Mobility solutions. The Company engineer next-generation products and platforms across software and hardware that power digital evolution and provide end-to-end engineering services for developing high-quality, scalable, and secure products. It has expertise in core technologies like cloud, mobile UI/UX, hardware & embedded, DevOps and emerging technologies like blockchain, AI, edge computing, drones and computer vision across edutech, hi-tech, media and entertainment, healthcare & life sciences, industry, and manufacturing sectors, which provide with a competitive advantage and have enabled to build smart and connected product solutions and services. As on 31 March 2018, the Company has only one wholly owned subsidiary company viz., Happiest Minds Technologies LLC, USA. Pursuant to initial public offering, the Company was converted into a Public Limited Company pursuant to a Special Resolution passed in the Extra Ordinary General Meeting of the Shareholders of the Company held on 13 May 2020 and name of the Company changed to its present name Happiest Minds Technologies Limited', and a fresh Certificate of Incorporation was issued by the Registrar of Companies on 20 May 2020. Accordingly, the Company has amended Memorandum of Association and adopted new Articles of Association of the Company effective 13 May, 2020. As approved by the Board of Directors on 16 March 2020 and on 13 May 2020, the Company in aggregate has converted 433,728 14% Series A Non-Cumulative Compulsorily Convertible Preference Share of Rs. 652/- each to 70,697,664 Equity Shares of Rs.2/- each as per the conversion ratio of 163 Equity Shares for every Preference Share. Since there has been no operations in the subsidiary company, the Company had on 16 March 2020 initiated steps to voluntarily dissolve and wind-up the company and accordingly the subsidiary company was wound up on 03 June 2020. During the FY2021, the Company made an Initial Public Offering ('IPO') of 4,22,90,091 equity shares of face value of Rs 2 each of the Company for cash at a price of Rs 166 per equity share, including a premium of Rs 164 per equity share aggregating to Rs 7,02.02 Crore, comprising of a fresh issue of 66,26,506 equity shares aggregating to Rs 110 Crore and an offer for sale of 84,14,223 equity shares by Mr. Ashok Soota, the Promoter and 2,72,49,362 equity shares by CMDB II, the Investor, aggregating to Rs 592.02 Crore. The issue opened on 07 September 2020 and closed on 09 September 2020. The Company's entire paid-up share capital consisting of 14,68,63,556 equity shares were listed and admitted for dealing on the National Stock Exchange of India Limited and BSE Limited with effect from 17 September 2020. On 27 January 2021, the Company signed definitive agreements acquiring 100% voting interest in PGS Inc., a US based end-to-end digital e-commerce solutions company, from Moonscape Inc., USA (parent company of PGS Inc.) for total computed consideration of USD 13.31 million (approximately Rs. 9,720 lakhs), comprising cash consideration of USD 8.25 million (approximately Rs. 6,025 lakhs) and fair-valued contingent consideration in the form of warrants of USD 5.06 million (approximately Rs. 3,696 lakhs) over the next three years, to be settled by PGS Inc. to Moonscape Inc. As of 31 March 2021, the Company had one wholly owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.). During the year 2020-21, Company signed definitive agreements to acquire, with effect from January 1, 2021, 100% ownership interest in PGS Inc which had permission to Do Business As 'DBA' - Pimcore Global Services, a Houston, USA, based digital e-commerce and data management solutions company for a cash consideration of US $8.25 million. Prior to the acquisition, PGS was a Customer of the Company. Revenues of PGS for the fiscal ended December 31, 2020 (pre-acquisition) was circa US$ 10.6 million during which period Company counted PGS as one of its US$ 2M + customer. Post-acquisition, the name of the PGS Inc. got changed to Happiest Minds Inc. During the year 2021-22, Company made a strategic investment into Tech4TH, a consulting led technology services company that exclusively focuses on the travel and hospitality segment. As of March 31, 2022, Company had one wholly-owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.). During the year 2022-23, Company acquired Sri Mookambika Infosolutions Private Limited (SMI), a Madurai headquartered, profitable, IT services company for an equity consideration of Rs 111.32 Crores, which became effective from January 01, 2023.

Happiest Minds Technologies Ltd Directors Reports

Happiest Minds Technologies Ltd Company Background

Joseph AnantharajuVenkatraman Narayanan
Incorporation Year2011
Registered Office53/1-4 Hosur Main Road,Madivala (Next to PoliceStatio
Bangaluru,Karnataka-560068
Telephone91-80-61960300/61960400,Managing Director
Fax91-80-61960700
Company SecretaryPraveen Kumar Darshankar
AuditorDeloitte Haskins & Sells
Face Value2
Market Lot1
ListingBSE,NSE,
RegistrarKFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

Happiest Minds Technologies Ltd Company Management

Director NameDirector DesignationYear
Ashok SootaExecutive Chairman2023
Venkatraman NarayananManaging Director & CFO2023
Anita RamachandranIndependent Director2023
Rajendra Kumar SrivastavaIndependent Director2023
Shubha Rao MayyaIndependent Director2023
Praveen Kumar DarshankarCompany Sec. & Compli. Officer2023
Joseph AnantharajuExecutive Vice Chairman & CEO2023

Happiest Minds Technologies Ltd Listing Information

Listing Information
BSE_500
BSE_IT
CNX500
BSESMALLCA
CNXSMALLCA
BSEALLCAP
SML250
MSL400
NFTYMSC400
NFTYSC50
NFTYSC250
NF500M5025
NFTDIGITAL
NFTYTOTMKT

Happiest Minds Technologies Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of ServicesNA0001329.31
Sale of LicenseNA0003.24
Infrastructure Management Ser.NA0000
Digital Business SolutionsNA0000
Product Engineering ServicesNA0000

Contact us Contact us