Happiest Minds Technologies Ltd

Rel(AI)Build is an enterprise-grade, agentic platform designed to transform how organizations build, modernize, and operate software systems. The platform brings together AI-driven automation, governance, and human oversight into a single, unified software delivery framework. Built on an Agentic Development Lifecycle (ADLC), Rel(AI)Build orchestrates specialized, context-aware AI agents across a structured lifecycle, from planning through operations Rel(AI)Build supports a wide range of enterprise transformation initiatives, including application modernization, platform engineering, quality engineering, data engineering, and infrastructure and cybersecurity operations. By embedding AI agents across code analysis, infrastructure provisioning, testing, data pipelines, and system operations, the platform enables organizations to scale innovation while maintaining control and compliance. The company said that early implementations of Rel(AI)Build have demonstrated significant business impact, including up to 40'60% faster modernization timelines, a threefold increase in engineering productivity, and 30'50% reduction in support costs. Organizations also benefit from improved software quality, enhanced system reliability, and greater operational resilience. Sridhar Mantha, CEO: GenAI business services, Happiest Minds Technologies, said, Software engineering is entering a new era where AI actively participates in the delivery process. With Rel(AI)Build and our Agentic Development Lifecycle, we are enabling enterprises to accelerate innovation, improve agility, and achieve measurable business outcomes while maintaining governance and quality at scale. Ritesh Gupta, chief technology officer, Happiest Minds Technologies, remarked, 'Rel(AI)Build is an enterprise-grade agentic platform designed to bring intelligence, automation, and governance across the software delivery lifecycle. By combining specialized AI agents, contextual awareness, and built-in guardrails, we help organizations accelerate development, improve quality, and scale AI adoption efficiently.' Happiest Minds Technologies enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. The company's consolidated net profit jumped 51.79% QoQ to Rs 61.17 crore in Q4 FY26. Revenue from operations rose 2.81% to Rs 604.08 crore in Q4 FY26 from Rs 587.56 crore posted in Q3 FY26. The scrip shed 0.95% to end at Rs 345.05 on the BSE.Powered by Capital Market - Live

Happiest Minds Technologies announced that the Annual General Meeting(AGM) of the company will be held on 28 July 2026 https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0e16d25-d463-4a09-bcf1-e1774163b0ed.pdf

Happiest Minds Technologies will hold a meeting of the Board of Directors of the Company on 28 May 2026.

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