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29. July 2025

Happiest Minds Posts 20Th Consecutive Quarter Of Growth As Generative Ai Revenue Soars

Happiest Minds Posts 20Th Consecutive Quarter Of Growth As Generative Ai Revenue Soars

Bengaluru-based IT firm Happiest Minds has achieved a remarkable milestone, recording its 20th consecutive quarter of growth and generating ₹13.54 crore in revenue from its Generative AI Business Services (GBS). This significant achievement is a testament to the company’s commitment to harnessing the transformative power of Generative AI and deep tech to deliver purposeful innovation and long-term value.

The company’s revenue grew by 18.5% year-over-year (YoY), reaching ₹549.9 crore, compared to ₹463.8 crore in the same quarter last year. Additionally, revenue in constant currency increased by 2.3% quarter-on-quarter (QoQ) and 17.5% YoY. The company’s strong performance is attributed to its differentiated digital capabilities, which have earned the confidence of its customers.

According to Ashok Soota, chairman & chief mentor of Happiest Minds, the company’s strong start can be attributed to its ability to harness the transformative power of Generative AI and deep tech. “As we harness the transformative power of Generative AI and deep tech, Happiest Minds remains steadfast in delivering purposeful innovation and long-term value,” he said in a statement.

Soota added that with a sharp focus on mindful execution, customer-centricity, and technology leadership, the company is well-positioned to sustain double-digit growth for the year and have laid a foundation for achieving three consecutive years of double-digit growth. Key deal wins, including delivering GenAI services to drive innovation and boost productivity for a global logistics company, and serving as the implementation partner for a US-based insurance and financial solutions firm by deploying GenAI-powered workflow automation, demonstrate the company’s capabilities in this area.

Joseph Anantharaju, co-chairman & CEO of Happiest Minds, commented that the momentum reflects the contribution of the ten transformations the company has undertaken to drive growth. “Our differentiated capabilities in Generative AI, Data, and Cybersecurity—combined with our verticalised structure—position us as the partner of choice,” he said.

Anantharaju added that the company remains confident in its ability to scale impact and drive sustainable growth for its clients and stakeholders. The company’s operating revenue in US dollars stood at $64.4 million, reflecting a 2.3% QoQ and 15.9% YoY growth. EBITDA for the quarter stood at ₹124.05 crore, forming 21.4% of total income, with a 12.9% QoQ and 6.3% YoY growth.

The company’s focus on delivering sustainable growth, enhancing operational efficiency, and consistently creating long-term value for its shareholders is evident in its robust EBITDA margins. According to Venkatraman Narayanan, managing director of Happiest Minds, the company has delivered 20 quarters of sequential growth with a robust EBITDA of 21.4%. “Our unwavering focus remains on driving sustainable growth, enhancing operational efficiency, and consistently creating long-term value for our shareholders,” he said.

Happiest Minds’ success is not limited to its revenue growth; the company has also demonstrated its capabilities in implementing GenAI-powered workflow automation solutions for clients across various industries. This reflects the company’s ability to adapt to changing market conditions and deliver innovative solutions that meet the evolving needs of its customers.

The company’s commitment to innovation and customer-centricity is evident in its approach to harnessing the transformative power of Generative AI. By focusing on mindful execution, technology leadership, and verticalised structure, Happiest Minds has established itself as a leader in the IT industry. The company’s success demonstrates that with the right strategy, focus, and capabilities, it is possible to achieve significant growth and create long-term value for stakeholders.

Happiest Minds’ achievement of recording 20 consecutive quarters of growth highlights the importance of investing in AI-powered solutions that can drive productivity, innovation, and business growth. By leveraging the capabilities of Generative AI, companies can gain a competitive edge and achieve significant returns on investment. The company’s experience demonstrates that with the right approach, it is possible to harness the transformative power of GenAI and create long-term value for stakeholders.

In the context of India’s growing IT industry, Happiest Minds’ achievement is particularly noteworthy. The company’s success demonstrates that Indian IT companies can compete globally and achieve significant growth by leveraging their capabilities in AI, Data, and Cybersecurity. As the Indian economy continues to grow, it is likely that more companies will follow Happiest Minds’ example and invest in GenAI-powered solutions.

The company’s robust EBITDA margins and focus on delivering sustainable growth also demonstrate its ability to balance short-term goals with long-term objectives. This approach enables the company to invest in research and development, expand its operations, and deliver innovative solutions that meet the evolving needs of its customers.

Happiest Minds’ achievement is a significant milestone for the IT industry, demonstrating the power of innovation, customer-centricity, and strategic planning. As the industry continues to evolve, it is likely that more companies will follow Happiest Minds’ example and invest in GenAI-powered solutions.

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