People working on laptop computers. The company, founded by former Mindtree chairman Ashok Soota in 2011, had earlier committed to become publicly-listed in financial year 2020. After the share sale, total promoter shareholding will fall to 53.25% from 61.77%. Sturdy profitable growth potential, led by 97 per cent revenue contribution from the digital business, which is also highest amongst the listed Indian IT players, would bode well for the IPO.” Happiest Minds profit has grown 69% in the last three years from ₹22.47 crore in 2018 to ₹₹71.71 crore in 2020. 717.1crore in FY 20. Happiest Minds Technologies Executive Chairman Ashok Soota said the company has reported a good all-round performance this quarter. Out of them, PES alone accounts for 51 per cent of the company's revenue). This is the second listing he is in charge of after Mindtree’s debut in 2007. For the financial year ended March 2020, 97% of the company’s revenue came from digital services—the highest among Indian software services providers—with almost 88% of its projects delivered through ‘agile’ delivery methodology, according to the red herring prospectus. Nomura Financial Ltd. and ICICI Securities Ltd. are book-running lead managers to the issue. 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. 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. Steady Financials. The IT services provider had 148 active customers as on June 30. Copyright © e-Eighteen.com Ltd. All rights reserved. During the year your Company reported operating revenue of Rs. In the year ended March 2020, Happiest Minds' revenue jumped 18 per cent to nearly Rs 700 crore, IPO documents showed, while it reported a profit … Happiest Minds General Information Description. Profit & Loss account of Happiest Minds Technologies Ltd. (in Rs. Join our, Minimum Bid: 90 shares (and in multiples of 90 shares thereafter), Digital business services—drives overall digital modernisation and implementation of solutions, Product engineering services—helps in building product and platforms, Infrastructure management & security services—helps in monitoring applications and infrastructure. The company offers three services: Digital Business Services (DBS); Product Engineering Services (PES) and Infrastructure Management & Security Services (IMSS). Source: Happiest Minds Tech IPO Prospectus: 3. Happiest Minds brand, “Born Digital. Net Profit increased from Rs. It is classified as operating in the Legal Services industry. Happiest Minds has grown quickly to reach an estimated revenue of $85 million, with presence in eight countries around the globe, including The U.K. and Continental Europe. Happiest Minds Technologies PV's annual revenues are $10-$50 million (see exact revenue data) and has 10-100 employees. 59,558 Lacs signifying growth of 27%. Happiest Mind Technologies Ltd. will launch its initial public offer on Monday, the third listing since the coronavirus pandemic disrupted the economy, as promoter Ashok Soota and investors look to pare holding. Net Profit increased from Rs. Revenue Growth for FY 20 = 18.3% from 5903.6 mn in FY 19 to 6982.10 mn in FY 20. 717.1crore in FY 20. Born Agile” is a reflection of digitalization being built into the essence of their business. Mar 20: Mar 19: Mar 18 : 12 mths: 12 mths: 12 mths : INCOME : Revenue From Operations [Gross] 698.21 It is headquartered In Bangalore, India and has its operations in the United States, United Kingdom, Canada, Singapore, and Australia. Prior to Happiest Minds, Rossari Biotech Ltd. and Mindspace Business Parks REIT Ltd. had launched their public floats. Investors include Government of Singapore, Nomura Funds and Aditya Birla Sun Life Mutual Fund. Get Happiest Minds Technologies Ltd. latest Quarterly Results, Financial Statements and Happiest Minds Technologies Ltd. detailed profit and loss accounts. EVOLUTION OF HAPPIEST MINDS’ LOGO & BRAND IDENTITY 2019 2017 2011 The symbolism of the ‘Happy Person’ logo is that happiness is centered around three aspects: • Our Being, symbolized by the joyous posture of the Happy Its operating margin, however, is the lowest among peers in the last financial year. So, the above chart contains the financial details of Happiest Minds Technologies. The company, which listed on BSE and NSE on September 17 this year, had posted a net profit of Rs 26.67 crore in the September 2019 quarter. It is headquartered In Bangalore, India and has its operations in the United States, United Kingdom, Canada, Singapore, and Australia. Profit & Loss account of Happiest Minds Technologies Ltd. (in Rs. 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 Technologies PV's annual revenues are $10-$50 million (see exact revenue data) and has 10-100 employees. The pricing, however, is a bit on the expensive side with fiscal 2020 price-to-earnings multiple at 23.7 times and 11.07 times for the next year. 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 has the highest annualised growth rate of profit before tax among peers. Happiest Minds IPO Fundamental Analysis. Profit & Loss account of Happiest Minds Technologies Ltd. Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax, Profit/Loss After Tax And Before ExtraOrdinary Items, Consolidated Profit/Loss After MI And Associates. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. The company allocated 1.90 crore shares to anchor investors at Rs 166 per share, aggregating to Rs 316 crore. 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