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Happiest Minds achieves annualized run rate of $50 mn in FY15

Tags: Happiest Minds Technologies, infrastructure, IT Services, Bangalore

April 28, 2015 | COMMENTS ( 0 )

Happiest Minds achieves annualized run rate of $50 mn in FY15

Happiest Minds Technologies, a next generation digital transformation, infrastructure and security and product engineering services company has announced its financial results reporting an annualized run rate of $50 million in 3 full years of operations.
It has built a base of over 100 customers and a team of 1450 people specializing in disruptive technologies.

In the last quarter, Happiest Minds repositioned its IT Services business unit as 'Digital Transformation & Enterprise Solutions' (DT&ES) after enabling successful digital transformation for many customers, witnessing increased demand for digital transformation services. The company also appointed Sashi Kumar as the CEO and MD to further drive its growth and accelerate innovation in a world of productized services and solutions.

Headquartered in Bangalore, India, Happiest Minds has operations in the US, UK, Singapore and Australia. It secured a $52.5 million Series-A funding led by Canaan Partners, Intel Capital and Ashok Soota.

Commenting on the journey, Ashok Soota, Executive Chairman, Happiest Minds Technologies, said, "We are on a strong growth trajectory coupled with stellar customer base. Our $50 mn revenue rate, 100 plus customers base and team size of 1450 are all record levels for an Indian IT Services company in first 3 years from commencement of operations. Our unique message of 'Happiness' is resonating well with our people and customers."

Happiest Minds is also en route to becoming the fastest Indian IT Services Company aiming to achieve $100 mn in revenue with a focus on going public within next 4 years.

Sashi Kumar, CEO & MD, Happiest Minds Technologies, said, "As traditional businesses are gradually looking to invest further in the direction of Digital Transformation, we at Happiest Minds are developing revenue-enhancing models for our customers. Multiple offerings focused on Agile Infrastructure and modern Enterprise Solutions for Digital Transformation shall be the overarching strategy of Happiest Minds."

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