Happiest Minds

Happiest Minds Technologies reported a significant decline in profitability for the third quarter, with net profit falling 19.6% year-on-year to Rs 40.3 crore. The drop reflects a challenging operating environment for mid-tier IT services firms amid muted global demand, pricing pressures, and cautious client spending. While revenue growth remained modest, margins were weighed down by higher costs and slower deal conversions.

In a key leadership transition, IT services firm Happiest Minds Technologies has named Anand Balakrishnan as its Chief Financial Officer (CFO), effective immediately. He succeeds Venkatraman Narayanan, who will continue to serve as the company’s Managing Director. Balakrishnan brings over two decades of experience in corporate finance, accounting, and strategic financial planning, with a track record of senior roles at globally recognized firms including GE Healthcare, Marsh McLennan, and Mindteck.