Happiest Minds Technologies Ltd

Happiest Minds Technologies has appointed Anand Balakrishnan as its Chief Financial Officer (CFO). In his role as CFO, Anand will be reporting to Venkatraman Narayanan, Managing Director of the Company. Anand brings rich leadership experience from his previous roles and joins us from Mindteck, a publicly listed IT service company. During his six-year tenure with them, he played a pivotal role in improving financial discipline and operational efficiency and successfully turning the organization back to profitability by guiding the business towards stability and sustainable growth. Anand is a member of Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Certified Public Accountant - American Institute of Certified Public Accountants and holds a graduate degree in commerce from the Bangalore University. Powered by Capital Market - Live

The appointment was approved by the board of directors following recommendations from the Audit Committee and the Nomination, Remuneration and Board Governance Committee. Anand Balakrishnan is an associate member of both the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India. He holds a bachelor's degree in commerce from Bangalore University and has also passed the CPA examination conducted by the American Institute of Certified Public Accountants. With over 20 years of experience in financial management, accounting, and strategic leadership, Anand has held senior positions at several prominent organizations, including PwC, KPMG, Marsh McLennan (formerly JLT), GE Healthcare, and Mindteck. Most recently, he served as CEO at Mindteck, a publicly listed IT services company, where he was instrumental in driving financial discipline, enhancing operational efficiency, and steering the company back to profitability and stable growth during his six-year tenure. Meanwhile, Venkatraman Narayanan continues as managing director and ceases to hold his position as CFO. Anand Balakrishnan will be reporting to the managing director. Venkatraman Narayanan ceases to act as the Chief Financial Officer of the Company, effective from 12 June 2025. Venkatraman Narayanan, managing director, Happiest Minds, said, 'We're delighted to welcome Anand to Happiest Minds. He brings a strong blend of financial acumen and strategic thinking that aligns perfectly with our vision for the future. I look forward to working closely with him as we continue driving innovation, delivering value to our stakeholders, and building a sustainable and growth-focused organization.' 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 IT company's consolidated net profit fell 32.13% to Rs 34 crore in Q4 FY25 as against Rs 50.10 crore recorded in Q3 FY25. Revenue from operations increased 2.59% QoQ to Rs 544.57 crore in Q4 FY25. The counter shed 0.76% to settle at Rs 614.45 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 29 July 2025.Powered by Capital Market - Live

Happiest Minds Technologies Ltd lost 1.5% today to trade at Rs 600.25. The BSE Information Technology index is down 0.53% to quote at 37327.48. The index is up 15.57 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 1.3% and Wipro Ltd lost 1.26% on the day. The BSE Information Technology index went up 10.48 % over last one year compared to the 13.3% surge in benchmark SENSEX. Happiest Minds Technologies Ltd has added 7.09% over last one month compared to 15.57% gain in BSE Information Technology index and 9.71% rise in the SENSEX. On the BSE, 3230 shares were traded in the counter so far compared with average daily volumes of 37723 shares in the past one month. The stock hit a record high of Rs 955 on 21 Jun 2024. The stock hit a 52-week low of Rs 525.05 on 07 Apr 2025.Powered by Capital Market - Live

Happiest Minds Technologies announced that the Board of Directors of the Company at its meeting held on 12 May 2025, inter alia, have recommended the final dividend of Rs 3.5 per equity Share (i.e. 175%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Happiest Minds Technologies has fixed 18 July 2025 as record date for payment of final dividend for FY24-25. Powered by Capital Market - Live

Net profit of Happiest Minds Technologies declined 52.76% to Rs 34.00 crore in the quarter ended March 2025 as against Rs 71.98 crore during the previous quarter ended March 2024. Sales rose 30.50% to Rs 544.57 crore in the quarter ended March 2025 as against Rs 417.29 crore during the previous quarter ended March 2024. For the full year,net profit declined 25.66% to Rs 184.66 crore in the year ended March 2025 as against Rs 248.39 crore during the previous year ended March 2024. Sales rose 26.85% to Rs 2060.84 crore in the year ended March 2025 as against Rs 1624.66 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales544.57417.29 31 2060.841624.66 27 OPM %15.4019.89 -17.2020.67 - PBDT85.0997.89 -13 356.32378.95 -6 PBT62.5483.20 -25 267.62320.66 -17 NP34.0071.98 -53 184.66248.39 -26 Powered by Capital Market - Live

Happiest Minds Technologies will hold a meeting of the Board of Directors of the Company on 12 May 2025.Powered by Capital Market - Live

Happiest Minds Technologies announced the launch of Investment Companion, a generative AI investor solution, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. Happiest Minds customers can now use the productive and trusted Azure cloud platform with streamlined deployment and management. Investment Companion is a comprehensive investor relations knowledge management system that extracts, processes and prioritizes content from multiple sources. It provides interactive, multimedia-rich responses via a chat interface with integrated feedback, enhancing the accessibility and usability of critical information.  Powered by Capital Market - Live

Happiest Minds Technologies today announced apex-level changes in the organization structure of Happiest Minds with immediate effect: Joseph Anantharaju who was Executive Vice Chairman, President & CEO of PDES Division will now become Co-Chairman & CEO of Happiest Minds. Joseph will become responsible for all the business divisions of Happiest Minds: Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS) and GenAI Business Services (GBS). The Analytics CoE and People Practice will also report to Joseph. Venkatraman Narayanan is MD & CFO and the following Corporate functions will report to him: Finance, Talent Acquisition, Internal IT, Learning & Development, ESG, CSR, Procurement and Administration. M&A and Board matters will be Joseph and Venkat's joint responsibility. Both Joseph and Venkat will report independently to Ashok Soota who becomes Chairman & Chief Mentor. Powered by Capital Market - Live