Happiest Minds Technologies Ltd IPO

Happiest Minds Technologies Ltd IPO (Happiest Minds IPO) Detail

Incorporated in 2011, Positioned as “Born Digital. Born Agile” Happiest Minds Ltd is a Bangalore based IT service provider company.

Three categories; Digital Business Service (DBS), Product Engineering Service (PES) and Infrastructure and Management Security Service ( IMSS).

148 active customers and has a global presence in countries like US, UK, Australia, Canada and the Middle East.

3 Centres of Excellence which are Internet of Things, Analytics / Artificial Intelligence, and Digital Process Automation.

Services across industry sectors such as Retail, Edutech, Industrial, BFSI, Hi-Tech, Engineering R&D, Manufacturing, Travel, Media and Entertainment.

Competitive Strengths

1. Focused on software product development
2. Strong Brand in offering Digital IT services
3. End to End digital lifecycle
4. Agile Engineering and Delivery

Company Promoters: Mr. Ashok Soota
Founded: Mindtree, Happiest Minds Technologies

Risks to Investors in Happiest Minds IPO

The two book running lead managers associated with the Offer have handled 11 public issues in the past three years out of which 5 closed below the issue price on the listing date.

we are a digital born agile company and what that means is that 97% of our business is digital and 88% of our delivery is agile

An agile company is a business that has the ability to quickly adapt to market changes.

When I say that 97% of our business is digital, remember, the other Indian IT companies are 30-50% digital now that makes a lot of difference.

Our true competitors are EPAM, Endava and Globant — the three global companies — and not the Indian IT companies.

we are organised into three business lines — product engineering, digital business services and infra and security.

other segments: healthcare is one, life sciences is growing fairly rapidly and we are well positioned there.

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