Happiest Minds posts 10.7% revenue growth on strong deal momentum
Happiest Minds Technologies Ltd. on February 9 reported an acceleration in growth for the third quarter ended December 31, 2025, driven by strong deal closures and increasing traction in artificial intelligence-led services. The company posted revenues of ₹587 crore, reflecting a year-on-year growth of 10.7%, while maintaining a healthy EBITDA margin of 20.4%.
Announcing the results, Chairman and Chief Mentor Ashok Soota said the company’s “AI First. Agile Always.” strategy marked its 11th strategic transformation and would be central to future growth. He noted that AI was being systematically embedded across internal operations and client engagements, adding that recent global developments in AI, which unsettled software markets, should be viewed as an opportunity rather than a risk for IT services firms.
Sridhar Mantha, CEO of Generative AI Business Services, said Happiest Minds’ AI Services Delivery Platform was enabling enterprises to move AI initiatives from pilot stages to full-scale production. Built around reusable frameworks, intelligent agents and governance mechanisms, the platform is already delivering measurable outcomes, particularly in healthcare, and is now being scaled across industries. The company has 32 Generative and Agentic AI use cases that have moved beyond prototypes and are being replicated across multiple client accounts.
Co-Chairman and CEO Joseph Anantharaju said clients were increasingly shifting from peripheral AI adoption to making AI core to their business strategies. He highlighted the company’s hybrid coding model, combining AI agents with human developers, as a significant opportunity to modernise legacy systems and address long-standing technology debt.
Managing Director Venkatraman Narayanan said the company continued to deliver revenue growth and stable margins in line with its commitments. Adjusted profit after tax improved to 11.6% of total income during the quarter. Backed by strong cash flows, the company plans to step up investments in AI and GenAI, with an aim to build a dedicated 1,000-plus AI team by the end of FY27.
For the quarter, revenue in constant currency grew 1.2% sequentially and 7.1% year-on-year, while total income rose 8.9% to ₹603.28 crore. The company ended the quarter with 297 clients and a workforce of 6,548 employees, alongside steady utilisation and stable attrition levels.
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