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For the quarter ended September, Happiest Minds reported revenues of ₹573 crore, reflecting a 4.3 per cent sequential increase and 10 per cent year-on-year growth. Profit after tax (PAT) stood at ₹54.02 crore, marking a 9.1 per cent YoY rise, though it declined 5.4 per cent sequentially. The company’s client base reached 290 as of Q2, with 13 new clients added during the quarter. Ashok Soota, Chairman & Chief Mentor, said, “Our ten strategic transformations, announced in the last quarter of FY25, are clearly yielding results. Of the strategic changesthe two that have contributed significantly and are poised to accelerate growth our Generative Al Business Unit (GBS) and our sharper focus on expanding Net New (NN) accounts. The momentum we are seeing in GBS and the strength of our NN pipelines give us the confidence to extend our earlier commitment of three consecutive years of double-digit growth to four years.” In Q2FY26, the company’s headcount stood at 6,554 employees, marginally up from last quarter’s 6,523 employees. Joseph Anantharaju, Co-Chairman & CEO, said “We have delivered a robust H1 FY26 performance with revenues of $129.5 million, reflecting the continued success of our ten strategic transformations. Our success in Generative and Agentic Al is evident from 22 transformative use cases that have progressed into replicable projects, unlocking a GBS-led sales potential of nearly $50 million.” “Our investment in an independent Net New (NN) sales unit has also delivered strong early outcomes, with 30 new client additions during H1 representing a revenue potential of about $50-60 million over the next three years. Agentic Al is creating significant opportunities as customers embrace intelligent automation to reimagine operations and accelerate growth. Our Al-first approach, anchored on platforms with Al at the core of their architecture, is enabling enterprises to drive transformation with speed, precision, and measurable impact. Combined with deep capabilities in data, cybersecurity, and verticalized delivery, we are confident of sustaining our growth momentum and creating long-term value,” he added. Published on October 28, 2025
