Executive Chairman
The Generative AI Business Services (GBS), under the leadership of Sridhar Mantha (President & CEO), is generating numerous new business opportunities. We currently serve 14 active customers across various industries, spanning 20 projects. These opportunities include contextual chatbots, learning simulators, contract management, sentiment analysis, and content generation. Leveraging insights from these engagements, we are developing replicable solutions across industry and technology streams. Our growth plan includes training all our engineers in Generative AI. The GBS Business Unit currently comprises 70 members and is projected to expand to 250 by the end of FY 2024-25.
The six new Industry Groups (IGs) are: Banking, Financial Services & Insurance; EdTech; Healthcare & Life Sciences; Hi-Tech and Media & Entertainment; Industrial, Manufacturing, Energy & Utilities; Retail, CPG & Logistics. Each IG operates as an independent profit center, led by experienced industry managers, and is staffed with dedicated teams possessing deep domain expertise, enabling customized solutions and rapid response times.
The Executive Board has successfully facilitated the realization of three significant acquisitions, each strategically aligned to enhance organizational productivity and profitability. We exercised careful selection in completing these acquisitions, and the wait has proven worthwhile as we acquired complementary and valuable assets. Together, these three acquisitions have added over 1,400 professionals to Happiest Minds, further strengthening our key IGs in BFSI, Healthcare, and EdTech.
PureSoftware brings with it an award-winning Banking-as-a-Service Platform, namely ‘Arttha’. This acquisition also provides Happiest Minds with a near-shore presence in Mexico and establishes offices in Singapore, Malaysia, and Africa. The acquisition of US-based cloud-native digital transformation company Aureus Tech Systems includes a new development center in Hyderabad. Aureus, a Microsoft-certified Gold & Co-sell Partner, specializes in providing domain and industry expertise-led solutions, primarily to customers in the Insurance/Re-insurance and Healthcare space.
Additionally, we have developed a unique Bioinformatics capability at Happiest Minds. This team comprises experts in Molecular Biology, Data Scientists, Data Engineers, and Healthcare Domain Specialists. They are collaborating closely with the medical research community from prestigious institutions in India and abroad. The team's focus includes utilizing Metagenomics for Gut Microbiome analysis, anomaly detection in MRI/CAT scan images, and conducting large cohort research studies to identify early predictions related to stroke, cardiovascular diseases, among others.
Under the leadership of Aurobinda Nanda (President & COO-PDES) and Executive Board support led by Venkatraman Narayanan (MD & CFO), your Company’s ESG-focused approach has gained recognition. We are proud to be listed as ‘ESG Champions of India 2024’ by Dun & Bradstreet. Happiest Minds places sustainability at the forefront of its strategy, striving for accelerated progress in ESG realms. A significant portion of our CSR budget is dedicated to supporting environmental causes, including nature-based solution, with the goal of becoming ‘Carbon-neutral’ by 2030.
A rooftop solar plant at our Bengaluru offices, which currently accounts for 10% of our green energy usage. We aim to transition to being entirely powered by green energy before 2030
Contribution to the One Billion Drop Project, which involves building 100 percolation wells in 2024, leading to the conservation of 1,28,10,000 liters of rainwater in Bengaluru
The implementation of sensor-based water taps to reduce water consumption, along with a commitment to 100% recycling of wastewater for use in our washrooms and for watering plants
Rooted in mindfulness, our culture emphasizes both 'being mindful' and 'doing mindful'. Central to our identity are our SMILES values, seamlessly integrated into our day-to-day operations. Embracing our mission, 'Happiest People . Happiest Customers', we prioritize the well-being and professional development of our team members, ensuring ample opportunities for skills enhancement and career progression within our organization.
I extend my sincere appreciation to our customers for their continued trust and confidence in Happiest Minds, as well as to our delivery teams for consistently delivering customer happiness. I also want to thank all our support teams whose efforts have contributed to these achievements. My gratitude goes to our Board of Directors, shareholders, and all stakeholders for their supportive guidance in creating an organization designed for perpetuity, as articulated in our Vision 2031.
Let me conclude by wishing you all good health, success and happiness.
Executive Chairman
