In The News

We’ll be consistent with our break-even plan: Ashok Soota

Happiest Minds Technologies, the IT services firm founded by industry veteran Ashok Soota has completed one full financial years of its operations on March 31, 2013. Based on the revenues it reported in the fourth quarter of FY13, the company has said its annualised revenue run rate is now $20 million. The company has also reiterated that it would become the fastest Indian IT services company to cross $100 million in revenues. In an interview with Bibhu Ranjan Mishra, Soota who is now the executive chairman of the company discusses the future of the company and the industry.

Monday, April 29, 2013   |  Source: Business Standard

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