Happiest Minds Technologies Share Price

Incorporated in March 2011, Happiest Minds Technologies Limited is engaged in next generation IT solutions services Company, enabling organizations to capture the business benefits of emerging technologies of Cloud Computing, Social Media, Mobility Solutions, Business Intelligence, Analytics, Unified Communications and Internet of Things (IoT). The Company offers high degree of skills, IPs and domain expertise across a set of focused areas that include Digital Transformation Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. The Company focuses on industries in the Retail/CPG, BFSI, Travel Transportation, Manufacturing and Media space. Company provide a Smart, Secure and Connected Experience to its Customers. In the Solution space, focus areas are Security, M2M and Mobility solutions. The Company engineer nextgeneration products and platforms across software and hardware that power digital evolution and provide endtoend engineering services for developing highquality, scalable, and secure products. It has expertise in core technologies like cloud, mobile UI/UX, hardware embedded, DevOps and emerging technologies like blockchain, AI, edge computing, drones and computer vision across edutech, hitech, media and entertainment, healthcare life sciences, industry, and manufacturing sectors, which provide with a competitive advantage and have enabled to build smart and connected product solutions and services.During the FY2021, the Company made an Initial Public Offering of 4,22,90,091 equity shares of face value of Rs 2 each of the Company for cash at a price of Rs 166 per equity share, including a premium of Rs 164 per equity share aggregating to Rs 7,02.02 Crore, comprising of a fresh issue of 66,26,506 equity shares aggregating to Rs 110 Crore and an offer for sale of 84,14,223 equity shares by Mr. Ashok Soota, the Promoter and 2,72,49,362 equity shares by CMDB II, the Investor, aggregating to Rs 592.02 Crore.The issue opened on 07 September 2020 and closed on 09 September 2020. The Companys entire paidup share capital consisting of 14,68,63,556 equity shares were listed and admitted for dealing on the National Stock Exchange of India Limited and BSE Limited with effect from 17 September 2020. On 27 January 2021, the Company signed definitive agreements acquiring 100% voting interest in PGS Inc., a US based endtoend digital ecommerce solutions company, from Moonscape Inc., USA (parent company of PGS Inc.) for total computed consideration of USD 13.31 million (approximately Rs. 9,720 lakhs), comprising cash consideration of USD 8.25 million (approximately Rs. 6,025 lakhs) and fairvalued contingent consideration in the form of warrants of USD 5.06 million (approximately Rs. 3,696 lakhs) over the next three years, to be settled by PGS Inc. to Moonscape Inc.During the year 202021, Company signed definitive agreements to acquire, with effect from January 1, 2021, 100% ownership interest in PGS Inc which had permission to Do Business As DBA Pimcore Global Services, a Houston, USA, based digital ecommerce and data management solutions company for a cash consideration of US 8.25 million. Prior to the acquisition, PGS was a Customer of the Company. Revenues of PGS for the fiscal ended December 31, 2020 (preacquisition) was circa US 10.6 million during which period Company counted PGS as one of its US 2M + customer. Postacquisition, the name of the PGS Inc. got changed to Happiest Minds Inc.During the year 202122, Company made a strategic investment into Tech4TH, a consulting led technology services company that exclusively focuses on the travel and hospitality segment.During the year 202223, Company acquired Sri Mookambika Infosolutions Private Limited (SMI), a Madurai headquartered, profitable, IT services company for an equity consideration of Rs 111.32 Crores, which became effective from January 01, 2023.In FY 202324, Company established a new business unit Generative AI Business Services (GBS) and restructured two of its existing business units, namely Digital Business Services (DBS) and Product Engineering Services (PES) by merging into new business unit Product and Digital business service (PDES) and made it effective on April 01, 2024. During the year 202425, Company acquired 100% stake in Happiest Minds Edutech Private Limited 100% stake in PureSoftware Technologies Private Limited, India 100% stake in AureusTech Systems LLC 100% stake in InnovazIT Technologies LLC, Dubai 100% stake in GAVS Technologies LLC, Oman and 100% stake in GAVS Technologies Saudi Arabia for Telecommunications and Information Technology, Saudi Arabia. It launched ELLIPSE ITSM solution on ServiceNow. It provided endtoend services for ITSM, ITOM, LCAP, and IRM in FY 2025.During the year 202526, Sri Mookambika Infosolutions Private Limited has been amalgamated with the Company through Scheme of Amalgamation, which became effective from April 1, 2025.