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Happiest Minds Technologies Limited
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HAPPIEST MINDS TECHNOLOGIES LIMITED

All Companies ›

Karnataka ›

Computer Related Services ›

Active

Updated: 18 Apr 2025

Happiest Minds Technologies Limited, is an unlisted public company incorporated on 30 March, 2011. It is classified as a public limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 58.90 cr and the total paid-up capital is INR 30.45 cr.

Happiest Minds Technologies Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 30.58% over the previous year. At the same time, it's book networth has increased by 23.33%.

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Industry and products

Computer Related Services

continuous, network upgrade and migration, consulting, Web Technologies, managed infrastructure and security, data management, IT security, agile infrastructure, and managed services for network and security; Cyber Vigil, product engineering, migrate and manage hybrid cloud, a cyber security solution platform; Identity Vigil, digital transformation

Company size

Auth Capital

₹ 58.9 Cr

Paidup Capital

₹ 30.5 Cr

Revenue

₹ 1500-1750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

16.92%

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EBITDA

-9.96%

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Net Profit

13.57%

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Networth

78.42%

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Borrowings

-7.17%

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Assets

40.06%

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Gross Margin

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Operating Margin

-4.46

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Net Profit Margin

-0.46

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Return on Equity

-9.53

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ROCE

-24.21

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Debt to Equity

-0.28

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Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (4)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Anita Ramachandran	00118188	5 years
Director	Ashok Soota Shareholder	00145962	14 years
CFO	Venkatraman Narayanan Shareholder	<HIDDEN>	10 years
Managing Director	Venkatraman Narayanan Shareholder	01856347	7 years
CS	Praveen Kumar Darshankar Shareholder	<HIDDEN>	10 years
Director	Rajiv Indravadan Shah	06752608	1 years
Director	Rajendra Kumar Srivastava	07500741	5 years
Director	Shuba Rao Mayya	08193276	5 years
Whole-time Director	Joseph Vinod Kumar Anantharaju Shareholder	08859640	5 years
Director	Seshashayee Sampathiyengar Sridhara	09247644	1 years

Financial Highlights

Financials upto March 2024 available in Tofler Pro

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Margins

Gross margin

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Net margin

Balance Sheet

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	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	45.1	28.4	28.5	28.7	29.9
Reserves	220.2	517.6	637.3	810.2	1,450.4
Borrowings +	70.5	146.3	190.6	467.6	442.4
Long term borrowings	1.3	36.6	17.2	112.8	104.4
Short term borrowings	69.2	109.7	173.4	354.8	337.9
Trade payables +	34.4	41.0	60.7	70.5	79.1
Days payable	-	-	-	-	-
Other liabilities +	172.4	229.6	268.6	334.5	325.2
Other non-current liabilities	29.9	60.6	75.0	112.8	96.1
Other current liabilities	108.1	128.1	132.9	151.1	149.9
Total liabilities	508.1	922.0	1,125.0	1,640.8	2,247.8
Fixed Assets +	38.0	128.4	157.9	434.3	413.3
Tangible assets	31.0	22.2	54.7	190.6	194.8
CWIP	0.2	0.1	0.3	2.7	0.3
Intangible assets	6.8	106.1	102.9	241.0	218.2
LT loans and advances	7.7	3.5	-	-	-
Other non-current assets	17.4	45.5	39.7	133.6	56.8
Current assets +	445.1	744.5	927.4	1,073.0	1,777.8
Inventories	-	-	-	-	-
Trade receivables	114.9	121.9	167.4	213.2	254.4
Cash and cash equivalents	43.5	85.8	67.3	70.0	114.7
ST loans and advances	1.0	8.1	-	2.7	0.4
Other current assets	285.7	528.7	692.7	787.1	1,408.3
Total assets	508.1	922.0	1,125.0	1,640.8	2,247.8

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	8.88	3.08	2.54	1.75	1.33
Reserves	43.33	56.14	56.64	49.38	64.52
Borrowings +	13.87	15.87	16.95	28.49	19.68
Long term borrowings	0.26	3.97	1.53	6.87	4.65
Short term borrowings	13.61	11.9	15.41	21.62	15.03
Trade payables	6.77	4.45	5.4	4.3	3.52
Other liabilities +	33.92	24.91	23.87	20.38	14.47
Other non-current liabilities	5.88	6.57	6.66	6.88	4.28
Other current liabilities	21.27	13.89	11.81	9.21	6.67
Total liabilities
Fixed Assets +	7.47	13.93	14.04	26.47	18.38
Tangible assets	6.1	2.41	4.86	11.62	8.66
CWIP	0.03	0.02	0.03	0.16	0.01
Intangible assets	1.34	11.51	9.15	14.68	9.71
LT loans and advances	1.51	0.38	0.0	0.0	0.0
Other non-current assets	3.42	4.94	3.53	8.14	2.53
Current assets +	87.6	80.76	82.43	65.39	79.09
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	22.61	13.22	14.88	12.99	11.32
Cash and cash equivalents	8.57	9.31	5.98	4.27	5.1
ST loans and advances	0.2	0.88	0.0	0.17	0.02
Other current assets	56.23	57.34	61.57	47.97	62.65
Total assets

Total assets

Charges on assets

Bank wise

Charges

The Federal Bank Limited

No. of Loans: 2

Total Amount : 196.0 cr

RBL Bank Limited

No. of Loans: 2

Total Amount : 82.7 cr

CitiBank N.A.

No. of Loans: 1

Total Amount : 60.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 55.0 cr

ICICI Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 25.0 cr

Charge Holder	Amount	Date of creation/modification
Axis Bank Limited	25.0 cr	25 Sep, 2023
CitiBank N.A.	60.0 cr	30 Jun, 2023
The Federal Bank Limited	171.0 cr	17 Nov, 2022
RBL Bank Limited	75.0 cr	28 Sep, 2022
RBL Bank Limited	7.7 cr	10 Feb, 2021
ICICI Bank Limited	50.0 cr	02 Feb, 2021
The Federal Bank Limited	25.0 cr	17 Dec, 2020
Kotak Mahindra Bank Limited	55.0 cr	26 Oct, 2018

Charges

The Federal Bank Limited

RBL Bank Limited

CitiBank N.A.

Kotak Mahindra Bank Limited

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
CONNEXUS CONSULTANTS PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
CEREBRUS CONSULTANTS PRIVATE LIMITED	Active	11.2 L	1	Maharashtra
ARAGEN LIFE SCIENCES LIMITED	Active	204.4 Cr	1	Telangana
UJJIVAN SMALL FINANCE BANK LIMITED	Active	1,934.2 Cr	1	Karnataka
NYKAA FOUNDATION	Active	1.0 L	1	Maharashtra
FSN E-COMMERCE VENTURES LIMITED	Active	286.0 Cr	2
ADITYA BIRLA SUN LIFE AMC LIMITED	Active	144.3 Cr	1
GRASIM INDUSTRIES LTD	Active	133.9 Cr	1
GEOMETRIC LIMITED	Amalgamated	13.4 Cr	1
BLUE STAR LIMITED	Active	41.1 Cr	1
ULTRATECH CEMENT LIMITED	Active	1,358.2 Cr	1
GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Active	6.8 Cr	1
ASHOK SOOTA MEDICAL RESEARCH LLP	Active	47.0 Cr	1	Karnataka
HAPPIEST HEALTH SYSTEMS PRIVATE LIMITED	Active	91.8 Cr	1	Karnataka
SONATA TECHNOLOGY SOLUTIONS INDIA LIMITE D	Strike Off	5.0 L	1	Karnataka
GOVARDHAN TRADING COMPANY PVT LTD	Active	15.0 L	1	Kerala
AUREUSTECH SYSTEMS PRIVATE LIMITED	Active	10.0 L	1	Telangana
PURESOFTWARE TECHNOLOGIES PRIVATE LIMITED	Active	3.4 Cr	1
GROW DIGI INDIA LIMITED	Active	5.0 L	1	Delhi
LATTICED ADVISORS LLP	Active	3.0 L	1	Telangana
SOLARA ACTIVE PHARMA SCIENCES LIMITED	Active	44.3 Cr	1
LE TRAVENUES TECHNOLOGY LIMITED	Active	37.5 Cr	1	Haryana
CONFIRM TICKET ONLINE SOLUTIONS PRIVATE LIMITED	Amalgamated	13.8 L	1	Haryana
ACE DESIGNERS LIMITED	Active	18.4 Cr	1
ACE MANUFACTURING SYSTEMS LIMITED	Amalgamated	76.4 L	1
LE TRAVENUES TECHNOLOGY LIMITED	Active	39.0 Cr	1
STOVE KRAFT LIMITED	Active	33.1 Cr	1
FSN BRANDS MARKETING PRIVATE LIMITED	Active	102.0 Cr	1	Maharashtra
FSN INTERNATIONAL LIMITED	Active	45.1 Cr	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Happiest Minds Inc	United States	-	-
SRI MOOKAMBIKA INFOSOLUTIONS PRIVATE LIMITED	Karnataka	2010	₹ 10.0 L

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

L72900KA2011PLC057931

PAN

AACCH6301G

Incorporation

2011, 14.3 years

Company Email

legal@happiestminds.com

Paid up Capital

₹ 30.5 Cr

Authorised Capital

₹ 58.9 Cr

AGM

Jun 2024

Type

Public

Non-government Company

FAQ - HAPPIEST MINDS TECHNOLOGIES LIMITED

What is the incorporation date of HAPPIEST MINDS TECHNOLOGIES LIMITED?

The incorporation date of HAPPIEST MINDS TECHNOLOGIES LIMITED is 30 March, 2011

What is the authorized share capital of HAPPIEST MINDS TECHNOLOGIES LIMITED?

The authorized share capital of HAPPIEST MINDS TECHNOLOGIES LIMITED is INR ₹ 58.9 Cr.

What is the paid-up capital of HAPPIEST MINDS TECHNOLOGIES LIMITED?

The paid-up capital of HAPPIEST MINDS TECHNOLOGIES LIMITED is INR ₹ 30.5 Cr.

What is the registered address of HAPPIEST MINDS TECHNOLOGIES LIMITED?

The registered address of HAPPIEST MINDS TECHNOLOGIES LIMITED is #53/1-4, Hosur Main Road, Madivala (Next to Madivala Polic e Statio n) NA Bangalore Bangalore Karnataka - 560068

What is the CIN number of HAPPIEST MINDS TECHNOLOGIES LIMITED?

The CIN number of HAPPIEST MINDS TECHNOLOGIES LIMITED is L72900KA2011PLC057931.

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