Happiest Mind Tech to expand Noida facility ‘Smiles 5'; stock climbs ~3%

12 Sep 2022 , 12:32 PM

Happiest Minds Technologies Limited, a ‘Born Digital, Born Agile’ digital transformation, and IT solutions company, announced the expansion of its Noida facility ‘Smiles 5’ to increase delivery capacity and leverage the area’s varied high-technology talent pool. With the addition of the new plant, the Company will have 450 employees in the NCR region.

This launch comes on the heels of Happiest Minds’ announcement in July of a new office space acquisition in Bengaluru of a grade A 1,600-seater building, as well as an expansion in fresh areas such as Bhubaneswar, anticipated later this year.

Venkatraman Narayanan, Happiest Minds Technologies’ MD & CFO, stated, “NCR is a digital centre with a strong eco-system of lively start-ups, successful corporations, and education hubs, which makes it a key talent source for us while dovetailing perfectly with our overall expansion plan.”

At around 12.35 PM, Happiest Minds was trading at Rs1,075 up by Rs27.2 or 2.6% from its previous closing of Rs1,047.80 on the BSE. The scrip touched intraday high and low of Rs1,091.30 and Rs1,055.20 respectively.

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