Happiest Minds Technologies ltd is an IT service company based in India. It is a Next Generation IT solutions and services company.
Ashok Soota founded Happiest Minds Tech in April 2011 with a mission to create a company focused on employee and customer satisfaction.
Company launched it’s IPO at 165 per shares in September and gave listing gains of 40% to it’s investors. In march 2024 they introduce Generative AI Business unit to compete with google and ChatGPT to generate 8,000 Crores of revenue from it it till 2023.
Happiest Minds Technologies Mission and Core Values
Happiest Minds Technologies mission statement is centered around creating a positive experience for both their employees and their customers “Happiest People, Happiest Customers“.
The motive behind their mission is to fulfill employees dream and work life balance. they have Core values like ” Sharing, Mindful, Integrity and Learning“.
A collaborative culture of knowledge and wealth sharing, Mindful and responsible, Integrity with acting, learning and innovation, achieve global recognition, Being a good corporate employer this are their core values to run a company.
Happiest Minds Technologies Organizational Structure
Typically like other IT companies. Happiest Mind Tech is a global and leader in AI space.
| Leader Names | Position |
|---|---|
| Venkatraman Narayanan | Managing Director & CFO |
| Ram Mohan C | President & CEO |
| Joseph Anantharaju | Executive Vice Chairman |
| Sridhar Mantha | Generative AI Business |
| RAMU MR | Digital Process Automation |
| RAJA SEKHER | Metrics, Analytics and Value Engineering |
Happiest Minds Tech Financial Reports
Profit and Loss is very important metric for any investor to analyze for investment into that company.
| P&L | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Sales | 698 | 773 | 1,094 | 1,429 | 1,625 |
| Expenses | 601 | 582 | 836 | 1,070 | 1,289 |
| Net profit | 72 | 162 | 181 | 231 | 248 |
Company make 698 Crores in 2020 and it was increases to 1,625 that is 120% jump in last 5 years. While Net Profit was 72 Crores and now 250 crores. Expenses also grow at faster rate as compared to revenue.
Balance Sheet
Balance sheet of happiest minds tech looking good.
| Balance Sheet | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Equity & Liability | |||||
| Share Capital | 9 | 28 | 29 | 29 | 30 |
| Total Reserves | 220 | 518 | 637 | 810 | 1,450 |
| Borrowings | 114 | 193 | 250 | 534 | 512 |
| Total Liabilities | 508 | 915 | 1,120 | 1,628 | 2,248 |
| Assets | |||||
| Trade receivables | 115 | 122 | 167 | 213 | 254 |
| Cash Equivalents | 190 | 145 | 168 | 692 | 1,337 |
| Total Assets | 508 | 915 | 1,120 | 1,628 | 2,248 |
Challenges For Happiest Minds Tech
Focus On Cash Flow :- Cash flow is very important to any company to develop and sustain any worst market conditions. If company have cash in reserves and surplus then they can acquire talent candidates at cheapest cost.
Develop Own Infrastructure :- Just like Adani Enterprises Ltd, they setup their own cloud infrastructure for their own businesses.
Happiest Minds and All IT companies setup their own cloud infrastructure. I know it is more cost consuming and hard to maintain cash flow but it reduces the risk of cloud.
Staying Relevant in a Niche Market :- If Happiest Minds Tech focuses on a particular IT domain like AI there core business, they’ll need to stay agile and adapt their services to incorporate the latest advancements within that domain to stay relevant.
Proper niche is very impotant to IT companies to sustain take a example of AWS they focus on cloud services and make a monopoly in that segment.
