Happiest Minds Technologies Ltd

The stake sale is said to be from founder and chairman Ashok Soota, who holds around 44% in the company. According to reports, the promoter holding is valued at around Rs 2,500 crore. Discussions are said to be at an early stage, with one of the Big Four firms conducting commercial due diligence, and a report expected to be shared with potential bidders in the coming weeks. However, any potential transaction will depend on valuation negotiations and may take time to materialise. Neither the company nor the interested parties have officially confirmed the development. The move comes amid expectations of consolidation in the mid-tier IT services space as companies navigate industry headwinds and explore strategic growth opportunities. Earlier this month, the company revised its FY27 revenue growth guidance to 12.5% from 10%, citing strong traction from its AI First strategy and rising adoption of generative AI-led offerings. Happiest Minds Technologies enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. The company has reported 25.4% fall in consolidated net profit to Rs 40.30 crore despite a 2.4% increase in revenues to Rs 587.56 crore in Q3 FY26 over Q2 FY26. Powered by Capital Market - Live

The stock has jumped 31.98% in three straight sessions, with most gains coming after the the company raised its FY27 growth projection to 12.5% up from earlier estimate of 10%, supported by its Artificial Intelligence (AI) 'led initiatives and robust demand across sectors. On February 10, 2026, the company launched AI First, its 11th Strategic Initiative. This initiative represents not merely an addition to the existing framework, but a strategic elevation: AI First reorients the company's entire operating model, service delivery architecture, client engagement and value-creation mechanism. At the time of the AI First launch, the company communicated that it was witnessing rapid acceptance of its initiatives across the client base. Acknowledging the pace of change the company had indicated it would undertake an evaluation of client feedback, pipeline metrics, market opportunities, and the expanded scope of its AI First offerings and providing an updated growth outlook. Following this review, the company has revised its FY27 growth guidance upward to 12.5%. In exchange filing, the company said that it also believes this growth will establish a solid foundation for FY28, where it aspires to achieve 15% growth. Ashok Soota, chairman & chief mentor, Happiest Minds, said, Happiest Minds is witnessing an accelerated growth driven by AI and other strategic initiatives. We are leading from the front with our AI-First strategy, which is already delivering measurable results and driving client transformations at scale. With this momentum, we are strongly positioned for sustained leadership in the AI-driven future of IT services Joseph Anantharaju, co-chairman & CEO, Happiest Minds, said, 'We are witnessing all-round growth led by rapid acceleration in financial services, healthcare, hi-tech, and manufacturing by robust adoption of AI. The enhanced pipeline and strong business momentum we are experiencing validates our AI First strategy and reinforces our confidence in delivering superior outcomes for clients and stakeholders. Our solid FY27 forecast is a clear reflection of this trajectory.' Happiest Minds Technologies enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. The company has reported 25.4% fall in consolidated net profit to Rs 40.30 crore despite a 2.4% increase in revenues to Rs 587.56 crore in Q3 FY26 as compared with Q2 FY26.Powered by Capital Market - Live

Aditya Birla Lifestyle Brands Ltd, Adani Total Gas Ltd, Jindal Saw Ltd, Godrej Consumer Products Ltd are among the other stocks to see a surge in volumes on BSE today, 11 March 2026.Happiest Minds Technologies Ltd clocked volume of 32.27 lakh shares by 10:45 IST on BSE, a 15.16 times surge over two-week average daily volume of 2.13 lakh shares. The stock gained 9.47% to Rs.438.80. Volumes stood at 13.68 lakh shares in the last session.Aditya Birla Lifestyle Brands Ltd recorded volume of 10.42 lakh shares by 10:45 IST on BSE, a 11.73 times surge over two-week average daily volume of 88879 shares. The stock lost 0.19% to Rs.103.75. Volumes stood at 1.24 lakh shares in the last session.Adani Total Gas Ltd witnessed volume of 7.56 lakh shares by 10:45 IST on BSE, a 11.71 times surge over two-week average daily volume of 64544 shares. The stock increased 13.42% to Rs.538.00. Volumes stood at 32079 shares in the last session.Jindal Saw Ltd registered volume of 10.72 lakh shares by 10:45 IST on BSE, a 8.66 fold spurt over two-week average daily volume of 1.24 lakh shares. The stock rose 12.12% to Rs.186.35. Volumes stood at 1.24 lakh shares in the last session.Godrej Consumer Products Ltd witnessed volume of 2.06 lakh shares by 10:45 IST on BSE, a 6.25 times surge over two-week average daily volume of 32893 shares. The stock dropped 0.89% to Rs.1,101.35. Volumes stood at 69885 shares in the last session.Powered by Capital Market - Live

On February 10, 2026, the company launched AI First, its 11th Strategic Initiative. This initiative represents not merely an addition to the existing framework, but a strategic elevation: AI First reorients the company's entire operating model, service delivery architecture, client engagement and value-creation mechanism. At the time of the AI First launch, the company communicated that it was witnessing rapid acceptance of its initiatives across the client base. Acknowledging the pace of change the company had indicated it would undertake an evaluation of client feedback, pipeline metrics, market opportunities, and the expanded scope of its AI First offerings and providing an updated growth outlook. Following this review, the company has revised its FY27 growth guidance upward to 12.5%. In exchange filing, the company said that it also believes this growth will establish a solid foundation for FY28, where it aspires to achieve 15% growth. Ashok Soota, chairman & chief mentor, Happiest Minds, said, Happiest Minds is witnessing an accelerated growth driven by AI and other strategic initiatives. We are leading from the front with our AI-First strategy, which is already delivering measurable results and driving client transformations at scale. With this momentum, we are strongly positioned for sustained leadership in the AI-driven future of IT services Joseph Anantharaju, co-chairman & CEO, Happiest Minds, said, 'We are witnessing all-round growth led by rapid acceleration in financial services, healthcare, hi-tech, and manufacturing by robust adoption of AI. The enhanced pipeline and strong business momentum we are experiencing validates our AI First strategy and reinforces our confidence in delivering superior outcomes for clients and stakeholders. Our solid FY27 forecast is a clear reflection of this trajectory.' Happiest Minds Technologies enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. The company has reported 25.4% fall in consolidated net profit to Rs 40.30 crore despite a 2.4% increase in revenues to Rs 587.56 crore in Q3 FY26 as compared with Q2 FY26.Powered by Capital Market - Live

In dollar terms, the revenue was higher by 1.0% while in constant currency terms, it rose by 1.2% sequentially. Operating margin improved by 3.6% to Rs 100.87 crore in Q3 FY26 from Rs 97.33 crore in Q2 FY26. Operating margin as percent of sales for Q3 FY26 was 17.4% as against 17.0% in Q2 FY26. Profit before tax in Q3 FY26 stood at Rs 54.21 crore, down by 25.4% from Rs 72.66 crore in Q2 FY26. The company added 11 clients during the quarter, taking to total count to 297 as on 31 December 2025. At the end of the December 2025 quarter, employee headcount stood at 6,548 and trailing 12-month attrition rate was 17.4%. Ashok Soota, chairman & chief mentor, said: 'With AI First. Agile Always., we have launched AI First as our 11th strategic transformation, supported by 11 strategic programs that together define how Happiest Minds will build, deliver, and scale value in an AI-driven world. We have already made considerable progress across several of these programs, and we expect this momentum to accelerate the growth of Happiest Minds. This is clearly visible in how AI is being operationalized across our company and for our clients. I would also like to take cognisance of a recent AI-related announcement that has created some turbulence in global markets for software companies. I want to assert that this development represents an opportunity, not a threat, for Happiest Minds and, we believe, for other IT services companies as well.' Happiest Minds Technologies and IT Solutions Company enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. The scrip rose 0.51% to currently trade at Rs 397.75 on the BSE. Powered by Capital Market - Live

Net profit of Happiest Minds Technologies declined 19.56% to Rs 40.30 crore in the quarter ended December 2025 as against Rs 50.10 crore during the previous quarter ended December 2024. Sales rose 10.69% to Rs 587.56 crore in the quarter ended December 2025 as against Rs 530.81 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales587.56530.81 11 OPM %18.2317.69 - PBDT98.3089.93 9 PBT76.2368.94 11 NP40.3050.10 -20 Powered by Capital Market - Live

Happiest Minds Technologies will hold a meeting of the Board of Directors of the Company on 9 February 2026.Powered by Capital Market - Live

Happiest Minds Technologies announced a strategic partnership with IBSFINtech, a leading provider of Treasury and Trade Finance Management solutions. Through this collaboration, Happiest Minds will act as a reseller of IBSFINtech's award-winning platform and serve as the System Integration (SI) partner for implementation and ongoing support. This partnership brings together Happiest Minds' deep expertise in AI, cloud, analytics, and enterprise integration with IBSFINtech's advanced, scalable platform built to streamline treasury operations, risk management, and trade finance for global enterprises.Powered by Capital Market - Live

Happiest Minds Technologies announced that Rajiv Indravadan Shah (DIN: 06752608) has resigned from the position of Executive Director of the Company effective from 31 December 2025. Powered by Capital Market - Live

Happiest Minds Technologies has been recognized as the Runner-up for Excellence in People Analytics at the SHRM Excellence Awards 2025. The recognition reflects the company's continued commitment to building a future-ready workplace shaped by data intelligence, transparency, and progressive people practices. The SHRM Excellence Awards celebrate organizations that show strong capability, innovation, and impact across the people function. This acknowledgment shows that Happiest Minds' People Practice continues to advance with discipline, clarity, and measurable outcomes. A major contributor to this achievement is the People One Dashboard, a real-time intelligence platform. Built to bring together insights across the employee journey, the dashboard gives leaders practical visibility that helps them plan better, respond faster, and stay aligned with long-term people and business goals.Powered by Capital Market - Live