Happiest Minds Technologies Share Price

Happiest Minds

CMP as on 22-Sep-21 15:59

₹ 1,444.80
0.00 0%

Open

₹ 1,450.00

Turnover (lac)

₹ 9,356

Prev. Close

₹ 0.00

Day's Vol (shares)

₹ 6,47,588

Day's Range (₹)

₹ 1,430.00
₹ 1,475.85

CMP as on27-Oct-21 15:59

₹ 1,310.90
10.55 0.81%

Open

₹ 1,335.00

Turnover (lac)

₹ 6,809

Prev. Close

₹ 1,300.35

Day's Vol (shares)

₹ 24,798

Day's Range

₹ 1,285.00
₹ 1,347.50

Incorporated in the year 2011,Happiest Minds Technologies Limited (formerly known as Happiest Minds Technlogies Private Limited) (the Company) 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. 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. Happiest Minds Provide a Smart, Secure and Connected Experience to its Customers. In the Solution space, focus areas are Security, M2M and Mobility solutions. The Company is a limited Company, incorporated and domiciled in India and has a branch offices at United States of America, United Kingdom, Australia, Canada, Netherland, Singapore, Malaysia and Dubai. As on 31 March 2018, the Company has only one wholly owned subsidiary company viz., Happiest Minds Technologies LLC, USA. Happiest Minds was recognized in the IAOP 2019 Best of Global Outsourcing 100 List. The Company was recognized as a Hot 50 Bengaluru Brand 2019 under the Customer Experience Champion category by Paul Writer. The Company won Intel Solution Plus Partner Award 2018. In The Economic Times and Great Place to Workr Institutes annual awards 2019, the Company was ranked No.4 amongst IT Services companies and 42 across all industries in the country.Pursuant to initial public offering, the Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders of the Company held on 13 May 2020 and the name of the Company was changed to its present name Happiest Minds Technologies Limited, and a fresh certificate of incorporation was issued by the Registrar of Companies on 20 May 2020. Accordingly, the Company has amended the Memorandum of Association of the Company and adopted new Articles of Association of the Company effective 13 May 2020.As approved by the Board of Directors on 16 March 2020 and on 13 May 2020, the Company in aggregate has converted 433,728 14% Series A Non-Cumulative Compulsorily Convertible Preference Share of Rs. 652/- each to 70,697,664 Equity Shares of Rs.2/- each as per the conversion ratio of 163 Equity Shares for every Preference Share.Since there has been no operations in the subsidiary company, the Company had on 16 March 2020 initiated steps to voluntarily dissolve and wind-up the company and accordingly the subsidiary company was wound up on 03 June 2020.During the FY2021, the Company made an Initial Public Offering (IPO) 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 paid-up 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 end-to-end digital e-commerce 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 fair-valued 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.As of 31 March 2021, the Company had one wholly owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.).

  • Executive Chairman & Director

    Ashok Soota
  • Managing Director & CFO

    Venkatraman Narayanan
  • Addtnl Independent Director

    Anita Ramachandran
  • Addtnl Independent Director

    Rajendra Kumar Srivastava
  • Addtnl Independent Director

    Shubha Rao Mayya
  • Company Secretary

    Praveen Kumar Darshankar
  • Executive Vice Chairman

    Joseph Anantharaju

Registered Office

53/1-4 Hosur Main Road,
Madivala (Next to PoliceStatio,Bangaluru,
Karnataka-560068

REGISTRAR OFFICE

Karvy Selenium Tow-B,
Nanakramguda,Hyderabad-500032
INDIA