Happiest Minds Technologies IPO Review. Represents Equity.Intra - day transactions are permissible and normal trading is done in this category, Webinar Presented by Knowlarity & Freshworks, Happiest Minds Technologies Ltd. Stock Price. Happiest Minds’ operating margins have improved from 19% in 2019-20 to 25.6% for the June 2020 quarter and 26.3% in the September 2020 quarter. Over FY18-20, the company derived a majority of the revenue from the USA (around 75.5%). Revenue Growth for FY 20 = 18.3% from 5903.6 mn in FY 19 to 6982.10 mn in FY 20. The IT services provider had 148 active customers as on June 30. Other shareholders stake will fall from 4.07% to 3.89%, while the rest will be held by public. Happiest Minds Technologies is a digital transformation, infrastructure, security, and product engineering services company. Happiest Minds General Information Description. Source: Happiest Minds Tech IPO Prospectus . Happiest Minds’ revenue and cash flow from operations rose at a compounded annual rate of 14.7% and 124%, respectively, through financial years ended March 2018 to 2020. So, the above chart contains the financial details of Happiest Minds Technologies. Copyright © e-Eighteen.com Ltd. All rights reserved. “Growing dependence of digital business with agile technology will make the company’s business model very much scalable in the future,” Soota had said at a press meet while announcing the launch of the IPO. It is headquartered In Bangalore, India and has its operations in the United States, United Kingdom, Canada, Singapore, and Australia. Happiest Minds Technologies PV's annual revenues are $10-$50 million (see exact revenue data) and has 10-100 employees. 717.1crore in FY 20. The niche digital-focused software services firm, backed by J P Morgan Private Equity Group and Intel Capital, last year said it had a revenue of $75 million on a run-rate basis and aimed to go public in 2020. Happiest Minds brand, “Born Digital. Out of them, PES alone accounts for 51 per cent of the company's revenue). Aditya Kondawar, founder at JST Investments, said promoter Soota has a very strong and rich background, having spearheaded two IT companies that are big names today. Happiest Minds Technologies PV's annual revenues are $10-$50 million (see exact revenue data) and has 10-100 employees. People working on laptop computers. BENGALURU: Happiest Minds Technologies may defer its plans for listing on the stock market by at least a year. Total revenue grew 3.4 per cent to Rs 187.91 crore in the quarter under review from Rs 180.68 crore in July-September 2019 quarter, it added. (The risk factors have been compiled from the research note of Axis Capital.). ... Karnataka - November 18, 2019. 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Happiest Minds Technologies is a mid-tier IT services provider headquartered in Bengaluru. or medium without express writtern permission of moneycontrol.com is prohibited. .ar{fill:#eb6135;stroke:#b24226;}.br,.dr{fill:none;}.br{stroke:#fff;}.cr{stroke:none;}, Buy Persistent Systems Limited target of Rs 650: Sharekhan, Buy Cyient; target of Rs 780: ICICI Direct, Buy Wipro; target of Rs 350: ICICI Direct, Buy Infosys; target of Rs 1100: Motilal Oswal, Hinduja Ventures net rises 5% to Rs 36 cr in Oct-Dec, Hinduja Global Q3 Net rises over 2-fold to Rs 47.21 cr, Cognizant Q4 net dips 1.8%; okays $3.4bn in buybacks,dividends, Hexaware to grow in double digits at 10-12% in 2017: Chief, Mphasis Q3 profit seen down 6%, HP revenue may be flat, Tech Mahindra Q3 net seen up 21%, $ revenue growth may be 2%, Wipro Q3 dollar revenue seen up 1%, Q4 growth may be 2.5-4.5%, HCL Tech Q3 net seen up 0.5%, FY17 dollar revenue guidance key, HCL Tech's Q3 show slightly better than peers: Experts, Infosys falls 5% post Q3; experts analyse if it is a bargain, TCS slips 4% despite steady Q3, analysts wary of Chandra exit, Margins, financial services biz big positives from Infosys: Pro. 2020, 97.2 % and 96.9 % of their business and CMDB II hold 48.83 % 96.9. 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