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Happiest Minds Technologies Limited
Established on 29 Mar 2011, Happiest Minds Technologies Limited boasts 15 years of operation. It is registered under CIN L72900KA2011PLC057931 and registration number 57931. It belongs to the classification of company limited by shares as per MCA records. The declared authorized capital is ₹58.90 crore. Happiest Minds Technologies Limited reports paid-up capital of ₹29.87 crore.
The firm focuses on other computer related activities [for example maintenance of websites of other firms/ creation of multimedia presentations for other firms etc.]. Registered under the jurisdiction of Bangalore. The official address of incorporation is #53/1-4, Hosur Main Road, Madivala (next To Madivala Police Statio, N), Bangalore, Bangalore, Karnataka, India, 560068. Its current corporate status is active. According to official records, the company’s PAN is AACCH6301G. The company has been issued the Legal Entity Identifier code 335800CFVR5OM5M7Y410. Happiest Minds Technologies Limited can be contacted at legal@happiestminds.com. The company is led by Venkatraman Narayanan (CFO).
Company Overview
- CIN
- Date of Incorporation
- 29/03/2011
- Company Status
- Active
- RoC
- Bangalore
- Registration Number
- Balance sheet date
- 31/03/2024
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- LEI Status
- Issued
- Authorized Capital
- ₹58,90,00,000.00
- Paid up Capital
- ₹29,87,08,852.00
- Activity
- Other computer related activities [for example maintenance of websites of other firms/ creation of multimedia presentations for other firms etc.]
- legal@happiestminds.com
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Karnataka | 29AACCH6301G1ZT | Active |
| 29AACCH6301G2ZS | Active | |
| Maharashtra | 27AACCH6301G1ZX | Active |
| Odisha | 21AACCH6301G1Z9 | Active |
| Tamil Nadu | 33AACCH6301G1Z4 | Active |
| Uttar Pradesh | 09AACCH6301G1ZV | Active |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| INE419U01012 | HAPPIEST MINDS TECHNOLOGIES LIMITED EQ | - | 12/10/2026 | HAPPIEST MINDS/SH VTG | ESVUFN |
| IN8419U01011 | HAPPIEST MINDS TECHNOLOGIES LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | HAPPIEST MINDS/SH VTG | ESVUFN |
| INE419U08033 | HAPPIEST MINDS TECHNOLOGIES LIMITED RR NCD 26SP26 FVRS1LAC | 5% | 26/09/2026 | HAPPIEST MINDS/Var DEB UNSEC | DBVUDN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Net PPE | ₹19,532.00L | ₹21,053.00L | ₹19,485.00L | ₹19,249.00L | ₹0.00L |
| Net Debt | ₹1,29,300.00L | ₹1,04,179.00L | ₹32,767.00L | ₹39,756.00L | ₹0.00L |
| Goodwill | ₹77,728.00L | ₹76,230.00L | ₹14,032.00L | ₹13,913.00L | ₹0.00L |
| Gross PPE | ₹21,987.00L | ₹22,887.00L | ₹20,590.00L | ₹19,875.00L | ₹0.00L |
| Total Debt | ₹1,48,665.00L | ₹1,24,359.00L | ₹51,219.00L | ₹53,375.00L | ₹0.00L |
| Common Stock | ₹3,005.00L | ₹3,001.00L | ₹2,987.00L | ₹2,866.00L | ₹0.00L |
| Current Debt | ₹1,06,974.00L | ₹82,554.00L | ₹33,792.00L | ₹35,477.00L | ₹0.00L |
| Share Issued | ₹1,522.75L | ₹1,522.75L | ₹1,522.75L | ₹1,468.64L | ₹0.00L |
| Total Assets | ₹3,62,511.00L | ₹3,35,906.00L | ₹2,24,779.00L | ₹1,64,083.00L | ₹0.00L |
| Capital Stock | ₹3,005.00L | ₹3,001.00L | ₹2,987.00L | ₹2,866.00L | ₹0.00L |
| Long Term Debt | ₹34,292.00L | ₹33,537.00L | ₹10,445.00L | ₹11,278.00L | ₹0.00L |
| Current Assets | ₹2,07,555.00L | ₹2,00,095.00L | ₹1,77,777.00L | ₹1,07,298.00L | ₹0.00L |
| Prepaid Assets | ₹5,053.00L | ₹4,256.00L | ₹3,345.00L | ₹3,044.00L | ₹0.00L |
| Working Capital | ₹67,376.00L | ₹79,305.00L | ₹1,21,079.00L | ₹49,658.00L | ₹0.00L |
| Invested Capital | ₹3,10,215.00L | ₹2,73,549.00L | ₹1,92,261.00L | ₹1,30,637.00L | ₹0.00L |
| Other Properties | ₹19,532.00L | ₹21,054.00L | ₹19,476.00L | ₹19,064.00L | ₹0.00L |
| Retained Earnings | ₹76,784.00L | ₹64,487.00L | ₹55,042.00L | ₹39,064.00L | ₹0.00L |
| Common Stock Equity | ₹1,68,949.00L | ₹1,57,458.00L | ₹1,48,024.00L | ₹83,882.00L | ₹0.00L |
| Net Tangible Assets | ₹71,117.00L | ₹57,380.00L | ₹1,26,184.00L | ₹59,706.00L | ₹0.00L |
| Tangible Book Value | ₹71,117.00L | ₹57,380.00L | ₹1,26,184.00L | ₹59,706.00L | ₹0.00L |
| Current Liabilities | ₹1,40,179.00L | ₹1,20,790.00L | ₹56,698.00L | ₹57,640.00L | ₹0.00L |
| Long Term Provisions | ₹8,914.00L | ₹5,940.00L | ₹3,338.00L | ₹0.00L | ₹0.00L |
| Stockholders Equity | ₹1,68,949.00L | ₹1,57,458.00L | ₹1,48,024.00L | ₹83,882.00L | ₹0.00L |
| Other Equity Interest | ₹650.00L | ₹68.00L | ₹163.00L | ₹266.00L | ₹0.00L |
| Total Capitalization | ₹2,03,241.00L | ₹1,90,995.00L | ₹1,58,469.00L | ₹95,160.00L | ₹0.00L |
| Hedging Assets Current | ₹27.00L | ₹499.00L | ₹430.00L | ₹529.00L | ₹0.00L |
| Ordinary Shares Number | ₹1,502.62L | ₹1,500.47L | ₹1,493.54L | ₹1,431.89L | ₹0.00L |
| Other Intangible Assets | ₹20,104.00L | ₹23,848.00L | ₹7,808.00L | ₹10,263.00L | ₹0.00L |
| Other Non Current Assets | ₹294.00L | ₹2.00L | ₹32.00L | ₹119.00L | ₹0.00L |
| Total Non Current Assets | ₹1,54,956.00L | ₹1,35,811.00L | ₹47,002.00L | ₹56,785.00L | ₹0.00L |
| Cash And Cash Equivalents | ₹11,966.00L | ₹11,912.00L | ₹11,470.00L | ₹6,999.00L | ₹0.00L |
| Accumulated Depreciation | -₹2,455.00L | -₹1,834.00L | -₹1,105.00L | -₹626.00L | ₹0.00L |
| Additional Paid In Capital | ₹90,654.00L | ₹90,582.00L | ₹90,318.00L | ₹41,556.00L | ₹0.00L |
| Other Short Term Investments | ₹36,101.00L | ₹54,677.00L | ₹1,11,258.00L | ₹46,175.00L | ₹0.00L |
| Machinery Furniture Equipment | ₹5,010.00L | ₹5,107.00L | ₹3,193.00L | ₹2,709.00L | ₹0.00L |
| Derivative Product Liabilities | ₹2,131.00L | ₹613.00L | ₹401.00L | ₹704.00L | ₹0.00L |
| Goodwill And Other Intangible Assets | ₹97,832.00L | ₹1,00,078.00L | ₹21,840.00L | ₹24,176.00L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹1,68,949.00L | ₹1,57,458.00L | ₹1,48,024.00L | ₹83,882.00L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹1,93,562.00L | ₹1,78,448.00L | ₹76,755.00L | ₹80,201.00L | ₹0.00L |
| Current Debt And Capital Lease Obligation | ₹1,10,267.00L | ₹85,812.00L | ₹36,204.00L | ₹37,336.00L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹38,398.00L | ₹38,547.00L | ₹15,015.00L | ₹16,039.00L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹48,067.00L | ₹66,589.00L | ₹1,22,728.00L | ₹53,174.00L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹53,383.00L | ₹57,658.00L | ₹20,057.00L | ₹22,561.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 |
|---|---|---|---|---|
| Net Income | ₹21,262.00L | ₹18,466.00L | ₹24,839.00L | ₹23,099.00L |
| Free Cash Flow | ₹25,425.00L | ₹22,525.00L | ₹20,226.00L | ₹6,776.00L |
| Changes In Cash | -₹360.00L | -₹2,629.00L | ₹10,962.00L | -₹7,178.00L |
| End Cash Position | ₹11,966.00L | ₹11,912.00L | ₹10,897.00L | -₹120.00L |
| Financing Cash Flow | -₹14,372.00L | ₹49,945.00L | ₹36,347.00L | ₹7,207.00L |
| Investing Cash Flow | -₹12,129.00L | -₹76,216.00L | -₹46,641.00L | -₹35,102.00L |
| Operating Cash Flow | ₹26,141.00L | ₹23,642.00L | ₹21,256.00L | ₹20,717.00L |
| Capital Expenditure | -₹716.00L | -₹1,117.00L | -₹1,030.00L | -₹13,941.00L |
| Beginning Cash Position | ₹11,912.00L | ₹11,470.00L | ₹6,999.00L | ₹6,729.00L |
| Issuance Of Capital Stock | ₹47.00L | ₹185.00L | ₹48,737.00L | ₹147.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| EBIT | ₹38,157.00L | ₹35,494.00L | ₹37,695.00L | ₹33,172.00L | ₹0.00L |
| Ebit | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| EBITDA | ₹46,976.00L | ₹44,364.00L | ₹43,524.00L | ₹37,363.00L | ₹0.00L |
| Basic EPS | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | ₹21,262.00L | ₹18,466.00L | ₹24,839.00L | ₹23,099.00L | ₹0.00L |
| Diluted EPS | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | ₹83,179.00L | ₹75,950.00L | ₹65,808.00L | ₹65,713.00L | ₹0.00L |
| Pretax Income | ₹28,421.00L | ₹25,546.00L | ₹33,468.00L | ₹30,986.00L | ₹0.00L |
| Tax Provision | ₹7,159.00L | ₹7,080.00L | ₹8,629.00L | ₹7,887.00L | ₹0.00L |
| Total Revenue | ₹2,31,511.00L | ₹2,06,085.00L | ₹1,62,466.00L | ₹1,42,929.00L | ₹0.00L |
| Cost Of Revenue | ₹1,48,332.00L | ₹1,30,135.00L | ₹96,658.00L | ₹77,216.00L | ₹0.00L |
| Total Expenses | ₹1,99,992.00L | ₹1,79,512.00L | ₹1,34,709.00L | ₹1,11,233.00L | ₹0.00L |
| Interest Income | ₹6,080.00L | ₹8,976.00L | ₹7,958.00L | ₹2,610.00L | ₹0.00L |
| Interest Expense | ₹9,736.00L | ₹9,948.00L | ₹4,227.00L | ₹2,186.00L | ₹0.00L |
| Operating Income | ₹31,519.00L | ₹26,573.00L | ₹27,757.00L | ₹31,696.00L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Income Tax Expense | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹46,259.00L | ₹44,320.00L | ₹42,105.00L | ₹37,124.00L | ₹0.00L |
| Normalized Income | ₹20,725.61L | ₹18,434.19L | ₹23,785.86L | ₹22,920.83L | ₹0.00L |
| Operating Expense | ₹51,660.00L | ₹49,377.00L | ₹38,051.00L | ₹34,017.00L | ₹0.00L |
| Operating Revenue | ₹2,31,511.00L | ₹2,06,085.00L | ₹1,62,466.00L | ₹1,42,929.00L | ₹0.00L |
| Net Interest Income | -₹3,656.00L | -₹972.00L | ₹3,731.00L | ₹424.00L | ₹0.00L |
| Total Unusual Items | ₹717.00L | ₹44.00L | ₹1,419.00L | ₹239.00L | ₹0.00L |
| Basic Average Shares | ₹1,505.76L | ₹1,505.69L | ₹1,484.59L | ₹1,431.81L | ₹0.00L |
| Diluted Average Shares | ₹1,506.85L | ₹1,505.69L | ₹1,484.70L | ₹1,442.60L | ₹0.00L |
| Other Operating Expenses | ₹29,304.00L | ₹28,566.00L | ₹23,519.00L | ₹23,219.00L | ₹0.00L |
| Reconciled Depreciation | ₹8,819.00L | ₹8,870.00L | ₹5,829.00L | ₹4,191.00L | ₹0.00L |
| Total Operating Expenses | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹1,48,332.00L | ₹1,30,135.00L | ₹96,658.00L | ₹77,216.00L | ₹0.00L |
| Rent Expense Supplemental | ₹771.00L | ₹631.00L | ₹549.00L | ₹349.00L | ₹0.00L |
| Tax Effect Of Unusual Items | ₹180.61L | ₹12.19L | ₹365.86L | ₹60.83L | ₹0.00L |
| Interest Income Non Operating | ₹6,080.00L | ₹8,976.00L | ₹7,958.00L | ₹2,610.00L | ₹0.00L |
| Selling And Marketing Expense | ₹1,056.00L | ₹1,018.00L | ₹873.00L | ₹655.00L | ₹0.00L |
| Interest Expense Non Operating | ₹9,736.00L | ₹9,948.00L | ₹4,227.00L | ₹2,186.00L | ₹0.00L |
| Net Income Common Stockholders | ₹21,262.00L | ₹18,466.00L | ₹24,839.00L | ₹23,099.00L | ₹0.00L |
| Net Income Continuous Operations | ₹21,262.00L | ₹18,466.00L | ₹24,839.00L | ₹23,099.00L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | ₹21,262.00L | ₹18,466.00L | ₹24,839.00L | ₹23,099.00L | ₹0.00L |
| General And Administrative Expense | ₹2,455.00L | ₹3,005.00L | ₹1,588.00L | ₹1,076.00L | ₹0.00L |
| Selling General And Administration | ₹3,511.00L | ₹4,023.00L | ₹2,461.00L | ₹1,731.00L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | ₹717.00L | ₹44.00L | ₹1,419.00L | ₹239.00L | ₹0.00L |
| Net Non Operating Interest Income Expense | -₹3,656.00L | -₹972.00L | ₹3,731.00L | ₹424.00L | ₹0.00L |
| Net Income Including Noncontrolling Interests | ₹21,262.00L | ₹18,466.00L | ₹24,839.00L | ₹23,099.00L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | ₹21,262.00L | ₹18,466.00L | ₹24,839.00L | ₹23,099.00L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | ₹21,262.00L | ₹18,466.00L | ₹24,839.00L | ₹23,099.00L | ₹0.00L |
Company Performance (FY23–FY26)
₹2.3 K Cr₹1.7 K Cr₹1.2 K Cr₹578.8 Cr₹0
FY23FY24FY25FY26
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 01/04/2011 | Ashok Soota | 00145962 | Whole-time director | View other directorships |
| 23/04/2015 | Venkatraman Narayanan | *****2473C | CFO | |
| 23/07/2015 | Praveen Kumar Darshankar | *****6184M | Company Secretary | |
| 16/01/2018 | Venkatraman Narayanan | 01856347 | Managing Director | View other directorships |
| 04/06/2020 | Anita Ramachandran | 00118188 | Director | View other directorships |
| 04/06/2020 | Rajendra Kumar Srivastava | 07500741 | Director | View other directorships |
| 04/06/2020 | Shuba Rao Mayya | 08193276 | Director | View other directorships |
| 04/11/2020 | Joseph Vinod Kumar Anantharaju | 08859640 | Whole-time director | View other directorships |
| 05/08/2024 | Rajiv Indravadan Shah | 06752608 | Whole-time director | View other directorships |
| 05/08/2024 | Seshashayee Sampathiyengar Sridhara | 09247644 | Director | View other directorships |
Business Network
CompanyDirectorNot on WeeDooBoard seatKey rolePast seatOwnership
Directors 10
- Venkatraman NarayananManaging Director
- Rajiv Indravadan ShahWhole-time director
- Joseph Vinod Kumar AnantharajuWhole-time director
- Ashok SootaWhole-time director
- Seshashayee Sampathiyengar SridharaDirector
- Anita RamachandranDirector
- Rajendra Kumar SrivastavaDirector
- Shuba Rao MayyaDirector
- Praveen Kumar DarshankarCompany Secretary
- Venkatraman NarayananCFO
Subsidiaries 2
- Sri Mookambika Infosolutions Private LimitedDirect
- Happiest Minds IncDirect
Latest Documents
Category:
| Date | Title | Size |
|---|---|---|
| 12/12/2024 | Form Addendum to AOC-4 CSR-12122024_signed | - |
| 07/11/2024 | Form AOC-4(XBRL)-07112024-signed | - |
| 26/08/2024 | Form MGT-7-26082024 | - |
| 26/08/2024 | Form MGT-7-26082024_signed | - |
| 31/01/2024 | Form Addendum to AOC-4 CSR-31012024_signed | - |
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Direct/Ultimate Children
| Type | Legal Name | LEI code |
|---|---|---|
| Direct | Sri Mookambika Infosolutions Private Limited | 335800EFBMSNHTNF7J95 |
| Direct | Happiest Minds Inc | 984500442D3A6B679937 |
Address
#53/1-4, Hosur Main Road, Madivala (next To Madivala Police Statio, N), Bangalore, Bangalore, Karnataka, India, 560068
Frequently Asked Questions
What is the incorporation date of Happiest Minds Technologies Limited?
The incorporation date of Happiest Minds Technologies Limited is 29/03/2011.
What is the authorized share capital and paid-up capital of Happiest Minds Technologies Limited?
The authorized share capital of Happiest Minds Technologies Limited is ₹58,90,00,000.00. The paid-up capital is ₹29,87,08,852.00.
Who are the current board members & directors of Happiest Minds Technologies Limited?
The current board member of Happiest Minds Technologies Limited are:
- Anita Ramachandran
- Rajendra Kumar Srivastava
- Venkatraman Narayanan
- Joseph Vinod Kumar Anantharaju
- Ashok Soota
- Shuba Rao Mayya
- Rajiv Indravadan Shah
- Seshashayee Sampathiyengar Sridhara
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 Police Statio, N), Bangalore, Bangalore, Karnataka, India, 560068.
What is the Corporate Identification Number of Happiest Minds Technologies Limited?
The Corporate Identification Number of Happiest Minds Technologies Limited is L72900KA2011PLC057931.