Bengaluru, Seattle, and London – March 19, 2025 – Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a leading ‘Born Digital. Born Agile’ Mindful IT Company, today revealed significant organizational changes designed to drive future growth and streamline operations.
Key Leadership Appointments:
- Ashok Soota transitions to the role of Chairman & Chief Mentor, providing strategic guidance and mentorship.
- Joseph Anantharaju, formerly Executive Vice Chairman, President & CEO of the PDES Division, is appointed Co-Chairman & CEO. He will now oversee all business divisions, including Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS), and GenAI Business Services (GBS), along with the Analytics CoE and People Practice.
- Venkatraman Narayanan continues as MD & CFO, assuming expanded responsibilities for Corporate functions, including Finance, Talent Acquisition, Internal IT, Learning & Development, ESG, CSR, Procurement, and Administration.
- Joint Responsibility: M&A and Board matters will be jointly managed by Joseph Anantharaju and Venkatraman Narayanan.
- Both Joseph and Venkatraman will report directly to Ashok Soota.
Ashok Soota emphasized, “Joseph has been instrumental in driving Happiest Minds’ growth and profitability since its inception. This integrated responsibility will accelerate our future growth and streamline our operations. Venkat’s financial acumen has been a cornerstone of our success, and his continued leadership in corporate functions is invaluable.”
Ashok Soota further highlighted, “Happiest Minds is undergoing a significant transformation, with ten strategic changes implemented over the past 18 months, designed to drive future growth. We’ve successfully integrated PureSoftware and Aureus, contributing to our above-average FY25 growth. We’re now focused on five new industry groups, leveraging GenAI with a dedicated business unit, and boosting new sales through a dedicated Chief Growth Officer. We’re also expanding into Private Equity, GCC companies, and large account growth. Further, we’re developing product and SaaS solutions, including Arttha in BFSI and a unique HaaS offering utilizing our bioinformatics capabilities.
While the IT industry faces challenges, including potential US slowdowns, Happiest Minds anticipates strong organic growth in FY26 and FY27. This optimism is based on the positive impact of our strategic changes and the dedication of our teams. We are confident in our ability to deliver healthy double-digit organic growth in the coming years.”
Joseph Anantharaju expressed, “The past 14 years have been exceptionally rewarding. I am honored to lead Happiest Minds through its next phase of transformation and growth.”
Venkatraman Narayanan stated, “I am committed to working closely with Joseph to build upon Happiest Minds’ success.”
