In The News

Happiest Minds to offer stock options to employees

Ashok Soota’s 18-month-old IT services venture Happiest Minds has offered stock options to all its 800 employees. Shares will be offered at Rs 2 face value, on par with the company’s promoters. IT companies in particular have used stock options to reward and retain employees, and provide them a sense of ownership.

Thursday, April 25, 2013   |  Source: Times of India

Happiest Minds says it has had a record year

Happiest Minds technologies, the newest kid in the Indian IT outsourcing block, on Wednesday said it has set records in its first full financial year, 2012-2013. Clocking $20 million in annualized revenues acquiring 45 customers across US,UK,India, South East Asia and taking in  over 800 employees.

Thursday, April 25, 2013   |  Source: Deccan Chronicle

In This company, juniors do their boss’s appraisals

Electronic City based Happiest Minds technologies , the newest IT service firm to have emerged in the city, is aiming to keep at least 95% of its employees perpetually high on the happiness Index. Raja Shanmugam, president and Chief people officer, Happiest Minds, says in the next five years at least 95% of their employees should rate the organization four and above on a scale of five when it comes to happiness”.

Thursday, April 25, 2013   |  Source: DNA

Happiest Minds Revenue Touches $20 Million

Happiest Minds technologies, a Bangalore headquartered IT services company started by Ashok Soota, one of the founders of MindTree has closed the 2012-13 fiscal with an annualized revenue run rate of $20 million.

Thursday, April 25, 2013   |  Source: Financial Express

Happiest Minds to hire more as it aims for $100 million revenue

BANGALORE: Happiest Minds Technologies, a software services company founded by former Mindtreechairman and cofounder Ashok Soota, wants to expand its business and hire more people as it targets $100 million (Rs 540 crore) in revenues over the next six years.

Wednesday, April 24, 2013   |  Source: The Economic Times

Happiest Minds Tech aims $100m turnover

BANGALORE: Industry veteran Ashok Soota founded Happiest Minds Technologies, a software services provider plans to list in the Indian stock markets in the next few years and has targetted $100 million in revenues. The listing is expected to be in the next few years.

Wednesday, April 24, 2013   |  Source: Business Line

Happiest Minds achieves $20 million run rate, plans IPO in 6 years

Last year, we introduced you to India’s Hottest Startup, i.e. Happiest Minds which raised $45mn within 3 months of its launch.

Wednesday, April 24, 2013   |  Source: NEXTBIGWHAT

VC-backed Happiest Minds closes first year with $20M revenues, on track to go public

Bangalore-based Happiest Minds Technologies, a two-year-old IT services startup floated by former MindTree chairman and co-founder Ashok Soota, has closed its first full financial year in 2012-13 with annualised run rate of $20 million, according to a company statement. Focusing on disruptive technologies as its core strategy, Happiest Minds says it has now 45 customers across the US, the UK, India and the South-east Asia.

Wednesday, April 24, 2013   |  Source: VCCIRCLE

Happiest Minds Achieves Annualized Run Rate of $20 Million

BANGALORE, India & PRINCETON, N.J.–(BUSINESS WIRE)– Happiest Minds Technologies, a next generation IT Solutions & Services company, today announced its achievements for the first full financial year 2012-13 that closed at the annualized run rate of $20 million. Focusing on disruptive technologies as its core strategy, Happiest Minds now has 45 customers across US, UK, India, and SE Asia.

Wednesday, April 24, 2013   |  Source: FinancialMirror

Taking stock: How happy is IT veteran Soota’s Happiest Minds

Around this time two years ago, when Ashok Soota announced his plans to start a company called Happiest Minds, a week after quitting Mindtree, the reaction was one of skepticism. Even though he was a respected figure in IT circles, he was well past retirement age.

Monday, April 08, 2013   |  Source: Firstpost.Business