The Bengaluru-headquartered IT agency had logged a revenue of Rs 51 crore in the identical interval final 12 months.
Income from operations within the quarter improved 18.5 per cent to Rs 549.9 crore, as in comparison with Rs 463.8 crore a 12 months in the past. Sequentially, the revenue surged 67.9 per cent, however income rose marginally by 0.9 per cent.
CEO Joseph Anantharaju attributed the momentum to the ten strategic adjustments and initiatives the corporate outlined earlier than the beginning of the fiscal 12 months.
Happiest Minds applied 10 main adjustments, together with management restructuring, acquisitions, enlargement into new geographies, and the launch of recent enterprise items and AI providers.
These initiatives are aimed toward driving double-digit, natural development in FY26 and FY27, constructing a future-ready organisation, and rising operational effectivity whereas increasing international and technological capabilities. “Our differentiated capabilities in Generative AI, Information, and Cybersecurity-combined with our verticalized structure-position us because the associate of alternative. We stay assured in our potential to scale influence and drive sustainable development for our purchasers and stakeholders,” Anantharaju, who assumed the place of firm Co-Chairman and CEO in March this 12 months, stated. The corporate added 17 new purchasers in the course of the first quarter of the fiscal 12 months, bringing its tally to 285 as of June 30, 2025.
The worker depend on the finish of Q1 FY26 stood at 6,523, a decline of 109 from the earlier quarter.
Moreover, the corporate’s board accepted the amalgamation of Happiest Minds Applied sciences with its wholly-owned subsidiary, Aureus Tech Programs Personal Ltd.
By way of this amalgamation, the businesses anticipate to pool assets, obtain operational synergies and price financial savings, optimise logistics, and simplify the group construction by decreasing statutory compliances.
In 2024, Happiest Minds acquired Aureus Tech Programs, a digital product engineering agency based mostly within the US, for USD 8.5 million (round Rs 71 crore).
Happiest Minds Applied sciences provides digital transformation, product engineering, and infrastructure administration providers.
Shares of the corporate had been buying and selling at Rs 641.65 apiece on the BSE on Tuesday.
