Happiest Minds

Happiest Minds Technologies is a digital transformation, infrastructure, security, and product engineering services company.[3] The company was founded by Ashok Soota In 2011. It is headquartered In Bangalore, India and has its operations in the United States, United Kingdom, Canada, Singapore, and Australia.[4][5]

Happiest Minds Technologies
TypePublic
NSE: HAPPSTMNDS
BSE: 543227
IndustryDigital transformation, product engineering, Infrastructure and Security Services[1]
Founded2011
FounderAshok Soota
Headquarters
Bangalore, Karnataka, India
Key people
Ashok Soota (Chairman)
Revenue US$ 75 million (2018)[2]
Number of employees
2600
Websitewww.happiestminds.com

History

Happiest Minds was founded In April 2011 by Ashok Soota, Aurobinda Nanda, Dattatreya Salagame, Joseph Anantaraju, Puneet Jetli, Raja Sekher, Raja Shanmugam and Salil Godika.[6][7][8] The company received $45 million Series-A funding In November 2011. The investors were JP Morgan Asset Management, Intel Capital and Ashok Soota.[9]

They opened their first office in Reading, UK as part of expansion in March, 2012.[10] At present they have offices in India (Bangalore, Noida and Pune), US, UK, Singapore and Australia with more than 170 plus customers globally.[11][12][13]

Products and services

The company provides digital transformation services through technologies such as internet of things, cloud, unified communications, big data analytics, robotic process automation, mobility and security.[14][15]

They apply product engineering, IPs and functional skill in IT services and Infrastructure Management and Security services to companies in e-learning, e-commerce, insurance, banking, manufacturing, retail, travel and automotive domains.[16][17]

Partnerships

In August 2012, they have partnered with California-based mobile engagement company July Systems.[18]

Later In May 2013, the company partnered with Florida-based enterprise mobile platform company, KidoZen. Towards the end In the same year In December 2013, the company partnered with India's DataWind, a wireless web access products and services provider.[19][20]

In September 2014, they collaborated with the New York-based database firm, MongoDB.[21][22] During the same month the company partnered with XchangeLabs, a pharmacy automation company based out of Texas.[23] Towards the end of the year in December 2014, they collaborated with Mastercard's Quest to enable development of futuristic payment applications.[24]

In August 2015, they collaborated with Openbravo, a Spanish open-source software firm.[25][26][27]

In January 2016, they joined Industrial Internet Consortium (IIC).[28]

In May 2017, Happiest Minds acquired Cupola Technologies, an Internet of things based startup and in June 2017, the company acquired the U.S. based digital transformation company OSSCube.[29][30][31][32][33]

Public offering

Happiest Minds launched its IPO in September 2020 with an offer for sale of 3,56,63,585 equity shares by promoter Ashok Soota and JP Morgan-backed private equity fund.[34][35] The IPO price range was between ₹165 and ₹166; the issue was subscribed 151 times. The shares of the company were listed on the Bombay Stock Exchange and National Stock Exchange of India on 17 September 2020 at an opening price of ₹351, a 111 percent premium over the issue price.[36]

Awards
Year Awards
2020 ·       Happiest minds won regional award for ‘South’ in ‘Industrial IoT/Industry 4.0 Category.[37]
2019 ·       Happiest minds ranked 42 in India’s Best Companies to work.[38]

·       Happiest Minds wins Red Herring Top 100 Asia award.[39]

·       Happiest Minds recognized in The Top India’s Best places to work for women by Great place to work.[40]

·       Happiest Minds recognized in the IOAP 2019 Best of the outsourcing 100 list.[41][42]

·       Happiest minds in Top 20 most promising robotic process automation companies by CIO review India.[43]

2018 ·       Happiest Minds wins Red Herring top 100 global award.[44]
2017 ·       Happiest minds wins the bronze medal in ‘Best IOT service- commercial and industrial’ in IOT innovator award.[45]

·       Happiest minds is a ‘leader’ in the IOAP global outsourcing 100 list.[46]

·       Happiest minds wins the Frost and Sullivan Digital Transformation Services provider of the year.[47]

2016 ·       Happiest minds solutions mCaaS wins Great lakes Data science excellence award for the best data science project of the year at Cypher.[48]
2015 ·       Happiest minds was awarded Gold at Express I.T awards at IOT Platform MIDAS in the cloud solutions award category.[49]

·       Happiest Minds is recognized in the Top 5 Best Companies to Work in India among Emerging Organisations in IT- BPM – 2015 by Great Place to Work Institute.[50]

·       Happiest minds rank 17 in the Deloitte Technology Fast50 India.[51]

References
  1. "Happiest Minds introduces Digital Infrastructure Transformation Service". Techseen. techseen.com. 14 September 2016. Retrieved 22 June 2017.
  2. "Happiest Minds reaches profitability; to go public in three years". The Economic Times. 10 July 2019. Retrieved 18 August 2019.
  3. "Happiest Minds Technologies Pvt. Ltd". Bloomberg. Retrieved 19 June 2017.
  4. "Happiest Minds Technologies". Texas Instruments. Retrieved 19 June 2017.
  5. Simon, Roughneen (22 August 2012). "How's Business in India? Watch Bangalore". CNBC. Retrieved 19 June 2017.
  6. "After MindTree, Ashok Soota's new venture is Happiest Minds". The Economic Times. 29 August 2011. Retrieved 28 May 2018.
  7. "Ashok Soota's Happiest Minds forms 10-member top team". @businessline. Retrieved 28 May 2018.
  8. "Sootas Happiest Minds takes off with 12 founders". The Financial Express. Retrieved 28 May 2018.
  9. PK, Jayadevan; Chanchani, Madhav (28 April 2015). "JP Morgan buys Canaan India portfolio for $200 million". The Economic Times. Retrieved 22 June 2017.
  10. "Happiest Minds opens UK office". Deccan Herald. Retrieved 19 June 2017.
  11. Reporter, B. S. (27 April 2015). "Happiest Minds crosses $50 mn revenue run rate". Business Standard India. Retrieved 19 June 2017.
  12. "VC-backed Happiest Minds appoints Sashi Kumar as its CEO & MD". Techcircle.in. 16 February 2015. Retrieved 19 June 2017.
  13. "Happiest Minds Technologies Private Limited". Innovation Enterprise. Retrieved 19 June 2017.
  14. Law, Abhishek (15 July 2015). "Happiest Minds sets sights on 'IoT', cloud". The Hindu Business Line. Retrieved 19 June 2017.
  15. Tomas, Juan Pedro. "Indian digital transformation firm expands into IoT with acquisition". enterpriseiotinsights.com. Retrieved 19 June 2017.
  16. "Q&A with Prasenjit Saha of Happiest Minds". ReadITQuik. Retrieved 19 June 2017.
  17. "Happiest Minds hits annualised revenue run-rate of $50M; 100+ customers to end FY15". Techcircle.in. 27 April 2015. Retrieved 19 June 2017.
  18. "Intel Capital Invests In Soota's Happiest Minds & TeliBrahma". vccircle.com. 21 November 2011. Retrieved 20 June 2017.
  19. "Datawind, Happiest Minds to develop cloud-based applications for UbiSlate". ET Telecom. Retrieved 19 June 2017.
  20. "Connecting Asia's startup ecosystem". Tech in Asia. Retrieved 19 June 2017.
  21. "MongoDB, Happiest Minds partners to offer big data solution". The Economic Times. 4 September 2014. Retrieved 19 June 2017.
  22. "Happiest Minds To Offer Big Data solutions to MongoDB". CXOtoday.com. Retrieved 19 June 2017.
  23. "Partnership offers remote dispensing for LTC pharmacies". I Advance Senior Care. 22 September 2014. Retrieved 19 June 2017.
  24. "Happiest Minds develops retail ecosystem with MasterCard". iotm2mcouncil.org. Retrieved 19 June 2017.
  25. Team, People Matters Editorial (31 August 2015). "Openbravo & Happiest Minds Technologies to provide Solution". People Matters. Retrieved 19 June 2017.
  26. "Openbravo partners with Happiest Minds Technologies to provide cutting edge OmniChannel Solutions to Retailers WorldwideDATAQUEST". dqindia.com. Retrieved 19 June 2017.
  27. "Openbravo and Happiest Minds will enhance solutions for retailers". CIOL. 27 August 2015. Retrieved 19 June 2017.
  28. "Happiest Minds Technologies". IoT ONE. Retrieved 19 June 2017.
  29. "Happiest Minds acquires US-based OSSCube to push digital transformation". CIOL. 2 June 2017. Retrieved 19 June 2017.
  30. Shaikh, Shadma (11 May 2017). "Happiest Minds acquires IoT company Cupola Technology". The Economic Times. Retrieved 19 June 2017.
  31. Bureau, Our (11 May 2017). "Happiest Minds acquires IoT start-up Cupola Technology". The Hindu Business Line. Retrieved 19 June 2017.
  32. "Happiest Minds acquires Cupola Technology for an undisclosed amount". The Financial Express. 11 May 2017. Retrieved 19 June 2017.
  33. "Happiest Minds acquires IoT specialist Cupola Technology". Business Standard India. 12 May 2017. Retrieved 19 June 2017.
  34. Philipose, R. Sree Ram,Mobis (8 September 2020). "Happiest Minds IPO in state of bliss, thanks to retail frenzy for stocks". mint. Retrieved 8 September 2020.
  35. "Happiest Minds IPO day 2: Issue subscribed 8.4 times, retail portion at 39 times". Moneycontrol. Retrieved 8 September 2020.
  36. "Happiest Minds lists at 111% premium over issue price, beats DMart, IRCTC". The Economic Times. Retrieved 17 September 2020.
  37. Team, Editor (17 February 2020). "IoT India Awards: Country's First Awards For IoT Deployments". Profit From IoT | IoT India. Retrieved 2 December 2020.CS1 maint: extra text: authors list (link)
  38. Technologies, Happiest Minds. "Happiest Minds is 2019's Top 25 India's Best Workplaces in IT & IT-BPM". www.prnewswire.com. Retrieved 3 December 2020.
  39. "2019 Red Herring Top 100 Asia Winners". Red Herring. Retrieved 2 December 2020.
  40. Technologies, Happiest Minds. "Happiest Minds is Among Top 25 India's Best Workplaces for Women". www.prnewswire.com. Retrieved 3 December 2020.
  41. "IAOP - Best of GO100". www.iaop.org. Retrieved 2 December 2020.
  42. Technologies, Happiest Minds. "Happiest Minds Recognized in the IAOP 2019 Best of The Global Outsourcing 100 List". www.prnewswire.com. Retrieved 2 December 2020.
  43. "Top 20 RPA Solution Providers-2019 | Vendors". robotics.cioreviewindia.com. Retrieved 2 December 2020.
  44. "2018 Red Herring Top 100 Global: Winners". Red Herring. Retrieved 2 December 2020.
  45. Kay, Kim (6 October 2017). "IoT Innovator Awards finalists announced for 2017". IoT Innovator. Retrieved 2 December 2020.
  46. "IAOP - The 2017 Global Outsourcing 100". www.iaop.org. Retrieved 2 December 2020.
  47. Limited, Happiest Minds Technologies Private. "Happiest Minds Wins the Frost & Sullivan Digital Transformation Services Provider of the Year 2017". www.prnewswire.com. Retrieved 2 December 2020.
  48. Salecha, Manisha (28 September 2016). "Cypher 2016, India largest Analytics Summit, recognizes Achievers in the Analytics space". Analytics India Magazine. Retrieved 2 December 2020.
  49. "Happiest Minds IoT Platform Wins 'Gold' at the Express I.T. Awards 2015". FierceElectronics. Retrieved 2 December 2020.
  50. Technologies, Happiest Minds. "Happiest Minds, One of the Best IT & IT-BPM Companies to Work For in India, Says Great Place To Work® Institute at the NASSCOM HR Summit, 2015". www.prnewswire.com. Retrieved 3 December 2020.
  51. https://www2.deloitte.com/content/dam/Deloitte/in/Documents/technology-media-telecommunications/in-tmt-tech-fast-50-2015-noexp.pdf
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