Happiest Minds eyes 20% organic growth led by its digital biz

BENGALURU : Ashok Soota-led Happiest Minds Technologies Ltd is eyeing a 20% organic growth in the medium to long term driven by acceleration in demand for digital services, which accounts for nearly 97% of the firm’s total revenues, the highest among its Indian peers.

Happiest Minds classifies ‘digital’ as service offerings including five emerging technologies — cloud, software-as-a-service, security, analytics/artificial intelligence, and internet of things. “As we begin FY22, we will look to achieve 20% organic growth as indicated at the time of our initial public offering,” said Soota, the executive chairman of the company. The demand environment has accelerated with the vaccination drive in the US and Europe, an increasing adoption of remote ways of working,