- 20 Mar 2025
- ICICIdirect Research
HAPPIEST MINDS TECHNOLOGIES ANNOUNCED A MAJOR LEADERSHIP RESTRUCTURING ON WEDNESDAY
HAPPSTMNDS - 656 Change: 11.65 (1.81 %)News: Happiest Minds Technologies announced a major leadership restructuring on Wednesday, with Joseph Anantharaju promoted to Co-Chairman and CEO. He will now oversee all business divisions, including Product & Digital Engineering Services, Infrastructure Management & Security Services, and GenAI Business Services. Venkatraman Narayanan continues as Managing Director and CFO, handling corporate functions. Both will report independently to Ashok Soota, who transitions to Chairman and Chief Mentor.
View: The Bengaluru-headquartered company did not have a CEO position since its former CEO Shashi Kumar quit in 2018. From then on, the company’s organisation structure has had CEOs for its respective business units but not a companywide CEO role.The restructuring aligns with the company’s FY27 growth plans, reinforcing its focus on digital transformation across industries and strengthening its global presence. Moreover, this organizational change aims to accelerate the company's growth towards its ambitious $1 billion revenue target by March 2031.
Impact: Neutral