iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Happiest Minds Reorganizes with Six New Industry-Focused Groups

26 Mar 2024 , 03:17 PM

Tuesday saw a 4.28% increase in the stock price of IT company Happiest Minds Technologies Limited following the announcement of a new vertical organisation structure that includes six new industry groups.

Hi-Tech and Media & Entertainment, EdTech, Retail, CPG and Logistics, Healthcare & Life Sciences, Industrial, Manufacturing and Energy & Utilities, and Banking, Financial Services, and Insurance (BFSI) are the new industry groups.

'This new structure has enormous potential and will serve as the foundation for new growth engines, enabling us to compete better in global markets and realise our vision of reaching $1 billion in revenues by 2031,' stated Ashok Soota, Executive Chairman.

'This verticalization is a major event in the evolution and growth of Happiest Minds, changing the foundations of our organisation structure, while significantly augmenting our sales prowess and accelerating growth,' stated Joseph Anantharaju, Executive Vice Chairman & CEO (PDES). Every Industry Group (IG) will have specialised teams with in-depth knowledge of the relevant fields. These teams will enable tailored solutions and quicker reaction times, which will improve our agility and spur innovation that will boost customer satisfaction and promote long-term success.

'An IG Head leads each new Industry Group, which is in charge of the P&L, selling Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS), and Generative AI Business Services (GBS) to current and prospective clients. The IG Head is a market-facing leadership position that oversees sales, subject expertise, GTM, IG strategy, business plan, and general customer and employee satisfaction. The IT company stated in a stock exchange filing that 'each IG Cluster will have specialised BDMs for existing account growth, in-house consulting capabilities, and dedicated teams with deep domain expertise.'

The head of Industry, Manufacturing, and Energy & Utilities will be Poornima Bethmangalkar. The VP and IG Head for Healthcare and Life Sciences will be Srinivas Iyengar.

Subhasis Bandyopadhyay will lead Banking, Financial Services, and Insurance (BFSI), while Priya Prasad will lead the Retail, CPG, and Logistics industrial group.

The leader of the EdTech industry group will be Viswanath Subramaniam, and in the upcoming weeks, the heads of Hi-Tech and Media & Entertainment will be revealed.

For feedback and suggestions, write to us at editorial@iifl.com

Happiest Minds Technologies | Bangalore

Related Tags

  • Corporate
  • Happiest Minds
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp