Mar 20: Mar 19: Mar 18 : 12 mths: 12 mths: 12 mths : INCOME : Revenue From Operations [Gross] 698.21 Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Prior to Happiest Minds, Rossari Biotech Ltd. and Mindspace Business Parks REIT Ltd. had launched their public floats. Its consolidated net profit for 2019-20 jumped to Rs 71.7 crore on revenue from operations of Rs 698 crore. More than 77% of the total revenue comes from the U.S., while the rest comes from India, the U.K. and other countries. The proceeds from the secondary sale will go to the selling shareholders. 717.1crore in FY 20. IT firm Happiest Minds Technologies Ltd’s (HMT) consolidated net profit jumped 27.8 per cent to Rs 34.08 crore for the quarter needed September 2020. 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.The mid-sized information technology company plans to raise Rs 702 crore by selling up to 4.23 crore shares at Rs 165-166 apiece, according to its red herring prospectus. The company’s management, however, said it would remove the pledge along with the IPO. Born Agile” is a reflection of digitalization being built into the essence of their business. Happiest Minds brand, “Born Digital. Research data on Happiest Minds Tech. The company offers three services: Digital Business Services (DBS); Product Engineering Services (PES) and Infrastructure Management & Security Services (IMSS). or medium without express writtern permission of moneycontrol.com is prohibited. 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 “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. 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. 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. 101 reviews from Happiest Minds Technologies employees about Happiest Minds Technologies culture, salaries, benefits, work-life balance, management, job security, and more. 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 … This is the second listing he is in charge of after Mindtree’s debut in 2007. With services such as cloud and security and analytics accounting for 97 per cent of its revenues, the Bengaluru-headquartered firm is being touted more as a digital services firm than another from among the legacy IT players, which have only 35-50 per cent of revenues coming in from the segment. 142.1 crore in FY 19 to Rs. such as Market Share, Product, Geography & Annual Report Summary. 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. It is classified as operating in the Legal Services industry. It is classified as operating in the Legal Services industry. Revenue from operations is highly dependent on customers located in the U.S. 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. 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. Now, let us have a look at the prospectus of the company. 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. Its debt-to-equity ratio fell from 0.92 times to 0.80 times between March and June 2020. Information technology firm Happiest Minds Technologies Ltd. on Wednesday reported a 27.8% rise in consolidated net profit at Rs 34.08 crore for the July - September 2020 quarter. Happiest Minds Technologies IPO Review. This is the third listing since SBI Cards and Payment Services Ltd.’s billion-dollar offering on March 2-5. The company, founded by former Mindtree chairman Ashok Soota in 2011, had earlier committed to become publicly-listed in financial year 2020. Incorporated in March 2011, Happiest Minds has three business units: The company has strategic alliances with Microsoft, Amazon Web Services, Pimcore, Salesforce and PTC, among others, for all its business units. 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. In FY2019 and 2020, 97.2% and 96.9% of their revenue from operations were from providing digital IT services. (The risk factors have been compiled from the research note of Axis Capital.). 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. Out of them, PES alone accounts for 51 per cent of the company's revenue). So, the above chart contains the financial details of Happiest Minds Technologies. Pledge along with the IPO working capital and general corporate purposes $ 50 million ( see exact revenue )! 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