About -
Happiest Minds Technologies Ltd is a Bangalore based IT service provider, which provides end-to-end solutions in the digital space. Co has 148 active customers in countries like US, UK, Australia, Canada and the Middle East. Founder of the co is Mr Ashok Soota.
Happiest Minds Technologies Ltd is a Bangalore based IT service provider, which provides end-to-end solutions in the digital space. Co has 148 active customers in countries like US, UK, Australia, Canada and the Middle East. Founder of the co is Mr Ashok Soota.
Financial Summary -
Q3FY22 (YoY)
Revenue at Rs 292cr ⬆️45%
PAT at Rs 49cr ⬆️16%
EPS at Rs 3.4 ⬆️ 17%
Q3FY22 (YoY)
Revenue at Rs 292cr ⬆️45%
PAT at Rs 49cr ⬆️16%
EPS at Rs 3.4 ⬆️ 17%
Product Portfolio :
▪️ Digital Business Service - The DBS offerings are aimed at
~ Driving digital modernisation & transformation for the customers through digital application development & application modernisation for an improved customer experience, enhanced productivity &
▪️ Digital Business Service - The DBS offerings are aimed at
~ Driving digital modernisation & transformation for the customers through digital application development & application modernisation for an improved customer experience, enhanced productivity &
better business outcomes
~ Implementation of solutions, development & implementation of solution, capabilities for improving data quality of the customer’s platform, assistance in designing & testing of operations & management of platform & modernisation of digital practices &
~ Implementation of solutions, development & implementation of solution, capabilities for improving data quality of the customer’s platform, assistance in designing & testing of operations & management of platform & modernisation of digital practices &
~ Consulting and domain led offerings such as digital roadmap, mindful design thinking, and migration of on-premise applications to cloud.
▪️ Product Engineering Services - Co aims to help the customers capitalise on the transformative potential of ‘digital’ by building products and platforms that are smart, secure & connected. They provide customers a blend of hardware & embedded software knowledge which combines
with the software platform engineering skills to help create high quality, scalable and secure solutions. The offerings extend across the development lifecycle from strategy to final roll out while ensuring quality. They get the clients started on this journey with the digital
foundry that allows them to build rapid prototypes for the customers and provide a scalable Minimum Viable Product (MVP). They embrace a cloud & a mobile friendly approach along with an agile model that is supported by test automation to help the clients.
▪️ Infrastructure Management & Security Services (IMSS): The IMSS offerings provide an end to end monitoring & management capability with secure ring fencing of the customers' applications and infrastructure. They provide continuous support & managed security services for
mid-sized enterprises and technology companies. Specialized in automation of business and IT operations with DevSecOps model & with NOC/SOC, they strive to ensure that the data center, cloud infrastructure & applications are safe, secure, efficient & productive.
The security offerings include cyber and infrastructure security, governance, risk & compliance, data privacy & security, identity and access management & threat and vulnerability management. The infrastructure offerings include DC and hybrid cloud services, workspace services.
Existing partnerships with Independent Software Vendors (ISVs) -
Co has long standing relationship with global ISVs & technology companies to develop various key features of their product portfolios. Some of the current partners include Microsoft, Amazon Web Services,
Co has long standing relationship with global ISVs & technology companies to develop various key features of their product portfolios. Some of the current partners include Microsoft, Amazon Web Services,
NetSuite & Salesforce. The company’s focus on software product development for such ISVs has shaped key aspects of the service offerings as well as the culture of software engineering excellence, enabling to expand the services into other key industry verticals.
Acquisitions -
Happiest Minds acquired 100% ownership interest in the US-based Pimcore Global Services (PGS) for US$ 8.25 million (about Rs 60 crore). PGS is a digital e-commerce & data management solutions company.
PGS has a strategic partnership with Pimcore Austria
Happiest Minds acquired 100% ownership interest in the US-based Pimcore Global Services (PGS) for US$ 8.25 million (about Rs 60 crore). PGS is a digital e-commerce & data management solutions company.
PGS has a strategic partnership with Pimcore Austria
for delivering solutions around Pimcore, an open-source framework which helps enterprises establish a robust digital presence through seamless data & experience management. PGS & Happiest Minds have a successful strategic partnership, pursuant to which the latter has been
rendering offshore services to the former. Happiest Minds has been a Gold Partner of Pimcore for the past several years and the combined capabilities will enhance its global digital commerce practice.
Happiest Minds entered a partnership with Ilantus Technologies to enhance its Identity and Access Management capabilities for supporting customers in their cyber security journey. The company has always strived to adapt next-gen technologies like Robotic Process Automation (RPA)
and block chain into the Identity & Access Management landscape.This partnership enables Happiest Minds to manage & safeguard an organization’s intellectual property from Identity & Access theft while enhancing their risk & regulatory governance landscape; the key use
cases include:
▪️ Privileged Access Management & Threat Analytics
▪️ Identity-as-a-Service (IDaaS)
▪️ IDAM & Privileged IDAM for Bots
▪️ RPA- Identity Automation
▪️ Cloud Access Management
▪️ Password less Authentication
▪️ Predictive Identity & Access Governance
▪️ Privileged Access Management & Threat Analytics
▪️ Identity-as-a-Service (IDaaS)
▪️ IDAM & Privileged IDAM for Bots
▪️ RPA- Identity Automation
▪️ Cloud Access Management
▪️ Password less Authentication
▪️ Predictive Identity & Access Governance
Key Risks -
▪️ Geographic concentration of revenues (78% from US clients).
▪️ Inability to retain experienced and skilled IT professionals.
▪️ Rupee appreciation against the US$, pricing pressure.
▪️ Geographic concentration of revenues (78% from US clients).
▪️ Inability to retain experienced and skilled IT professionals.
▪️ Rupee appreciation against the US$, pricing pressure.
▪️ The company uses third-party software, hardware and SaaS, technologies from third parties that may be difficult to replace or which may cause errors or defects in, or failures of, services or solutions.
▪️ Co does not have long-term commitments with customers.
▪️ Co does not have long-term commitments with customers.
Conclusion -
Globally, organizations are looking to capitalize digitization benefits through better cost reduction, service automation, and efficient work channels. In the current digital era, old & legacy investments are considered as cost overheads as the Cloud-based digital
Globally, organizations are looking to capitalize digitization benefits through better cost reduction, service automation, and efficient work channels. In the current digital era, old & legacy investments are considered as cost overheads as the Cloud-based digital
service offerings present valuable opportunities for enterprises of various sizes. Digital technology has been constantly gaining traction that bodes well for Happiest Minds.
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@DrdhimanBhatta1 @caniravkaria @AshishZBiz @shubhfin
@DrdhimanBhatta1 @caniravkaria @AshishZBiz @shubhfin
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