HDFC Securities: Happiest Minds Technologies IPO - Background And Operations

HDFC Securities Report

Positioned as ‘Born Digital. Born Agile’, Happiest Minds Technologies Ltd.’s focus is on delivering a seamless digital experience to its customers.

Its offerings include digital business, product engineering, infrastructure management and security services, among others.

Its capabilities provide end-to-end solution in the digital space and has developed a customer-centric focus that aims to fulfil their immediate business requirements and to provide them strategically viable, futuristic and transformative digital solutions.

The Company helps its customers in finding new ways to interact with their users and clients enabling them to become more engaging, responsive and efficient and also offer solutions across the spectrum of various digital technologies such as robotic process automation, software-defined networking/network function virtualization, big data and advanced analytics, internet of things, cloud, business process management and security.

As of June 30, 2020, Happiest Mind Technologies had 148 active customers. Its repeat business (revenue from existing customers) has steadily grown and contributed a significant portion of its revenue from contracts with customers over the years, indicating a high degree of customer stickiness.

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