Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-04-28

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

It has built a base of over 100 customers and a team of 1450 people specializing in disruptive technologies.

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."

Related opportunities
  • Security & Helpline services
    Making Smart Transport Tech available for ANY business across the..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Ethnic Stores
    About MasakaliMasakali is all about ethnic crafts of our country..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 300 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About Medlife:-Medlife is an innovative healthcare technology company based out..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 10000 - 50 K
    Space required - 120 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Others Entertainment & Leisure
    About:Riddle Room is a live escape room, A form of..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities