India’s computer, Software, and Consulting sector is experiencing a significant upswing. In 2025, the nation’s IT spending is projected to climb by 11.2% to nearly $160 billion, with the software market alone forecast to grow by 17%. This boom is expected to create a 15–20% increase in job opportunities within the IT industry.
With a market capitalization of Rs 9,151.72 crore, the shares of Happiest Minds Technologies Ltd were trading at Rs 601.00 per share, increasing around 0.59 percent as compared to the previous closing price of Rs 597.45 apiece.
Happiest Minds Technologies Ltd remains upbeat on FY26, targeting double-digit growth with 20–22% EBITDA margins. The company is aggressively investing in Generative AI, aiming for $25 million in revenue over three years. It maintains a $1 billion FY31 revenue target, expects margin gains from organic growth and forex, and plans salary hikes with no layoffs this quarter.
Looking forward to the company’s financial performance, revenue increased by 19 percent from Rs 464 crore in Q1FY25 to Rs 550 crore in Q1FY26. Further, during the same time frame, net profit increased by 12 percent from Rs 51 crore to Rs 57 crore.
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Happiest Minds continues to showcase strong business fundamentals with 94% digital operations and 95% agility. Serving 285 active clients globally, including Fortune 2000 and Forbes 200 companies, it maintains a high 93.7% repeat business rate. Backed by a 21.4% EBITDA margin in Q1 FY26 and 17.5% YoY growth.
Happiest Minds draws the majority of its revenue, 59.5% from the Americas, underscoring its strong presence in America. India contributes 17.6%, followed by Europe at 7.4%. The Asia-Pacific region and the Rest of the World account for 7.5% and 8.0% respectively, reflecting a well-diversified global client base.
Happiest Minds Technologies Limited is an India-based digital transformation information technology (IT) consulting and services company. The Company’s segments include Infrastructure Management & Security Services (IMSS), Digital Business Solutions (DBS), and Product Engineering Services (PES).
Written by Abhishek Singh
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