Happiest Minds Technologies Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

Happiest Minds Technologies has appointed Anand Balakrishnan as its Chief Financial Officer (CFO). In his role as CFO, Anand will be reporting to Venkatraman Narayanan, Managing Director of the Company.

Anand brings rich leadership experience from his previous roles and joins us from Mindteck, a publicly listed IT service company. During his six-year tenure with them, he played a pivotal role in improving financial discipline and operational efficiency and successfully turning the organization back to profitability by guiding the business towards stability and sustainable growth.

Anand is a member of Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Certified Public Accountant - American Institute of Certified Public Accountants and holds a graduate degree in commerce from the Bangalore University.

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The appointment was approved by the board of directors following recommendations from the Audit Committee and the Nomination, Remuneration and Board Governance Committee.

Anand Balakrishnan is an associate member of both the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India. He holds a bachelor's degree in commerce from Bangalore University and has also passed the CPA examination conducted by the American Institute of Certified Public Accountants.

With over 20 years of experience in financial management, accounting, and strategic leadership, Anand has held senior positions at several prominent organizations, including PwC, KPMG, Marsh McLennan (formerly JLT), GE Healthcare, and Mindteck. Most recently, he served as CEO at Mindteck, a publicly listed IT services company, where he was instrumental in driving financial discipline, enhancing operational efficiency, and steering the company back to profitability and stable growth during his six-year tenure.

Meanwhile, Venkatraman Narayanan continues as managing director and ceases to hold his position as CFO. Anand Balakrishnan will be reporting to the managing director. Venkatraman Narayanan ceases to act as the Chief Financial Officer of the Company, effective from 12 June 2025.

Venkatraman Narayanan, managing director, Happiest Minds, said, ?We?re delighted to welcome Anand to Happiest Minds. He brings a strong blend of financial acumen and strategic thinking that aligns perfectly with our vision for the future. I look forward to working closely with him as we continue driving innovation, delivering value to our stakeholders, and building a sustainable and growth-focused organization.?

Happiest Minds Technologies and IT Solutions Company enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights.

The IT company's consolidated net profit fell 32.13% to Rs 34 crore in Q4 FY25 as against Rs 50.10 crore recorded in Q3 FY25. Revenue from operations increased 2.59% QoQ to Rs 544.57 crore in Q4 FY25.

The counter shed 0.76% to settle at Rs 614.45 on the BSE.

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Happiest Minds Technologies Ltd lost 1.5% today to trade at Rs 600.25. The BSE Information Technology index is down 0.53% to quote at 37327.48. The index is up 15.57 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 1.3% and Wipro Ltd lost 1.26% on the day. The BSE Information Technology index went up 10.48 % over last one year compared to the 13.3% surge in benchmark SENSEX.

Happiest Minds Technologies Ltd has added 7.09% over last one month compared to 15.57% gain in BSE Information Technology index and 9.71% rise in the SENSEX. On the BSE, 3230 shares were traded in the counter so far compared with average daily volumes of 37723 shares in the past one month. The stock hit a record high of Rs 955 on 21 Jun 2024. The stock hit a 52-week low of Rs 525.05 on 07 Apr 2025.

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Happiest Minds Technologies announced that the Board of Directors of the Company at its meeting held on 12 May 2025, inter alia, have recommended the final dividend of Rs 3.5 per equity Share (i.e. 175%) , subject to the approval of the shareholders.

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