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Happiest Minds Technologies Ltd is an information technology (IT) company intended to deliver seamless customer experiences, business efficiency, and actionable insights to users. The company leverages a spectrum of disruptive technologies like artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and more, enabling users in industry sectors like automotive, banking, financial services and insurance (BFSI), consumer packaged goods, e-commerce, edutech, engineering research and development (R&D), hi-tech, manufacturing, retail, and travel/transportation/hospitality to undergo digital transformation. Geographically, the company generates its key revenue from the United States of America.
2011
4.9K+
LTM Revenue $247M
LTM EBITDA $44.0M
$1.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Happiest Minds has a last 12-month revenue (LTM) of $247M and a last 12-month EBITDA of $44.0M.
In the most recent fiscal year, Happiest Minds achieved revenue of $241M and an EBITDA of $52.0M.
Happiest Minds expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Happiest Minds valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $247M | XXX | $241M | XXX | XXX | XXX |
| Gross Profit | $91.9M | XXX | $81.4M | XXX | XXX | XXX |
| Gross Margin | 37% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $44.0M | XXX | $52.0M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 22% | XXX | XXX | XXX |
| EBIT | $32.9M | XXX | $31.1M | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $29.4M | XXX | $21.6M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $122M | XXX | XXX | XXX |
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As of May 30, 2025, Happiest Minds's stock price is INR 595 (or $7).
Happiest Minds has current market cap of INR 89.2B (or $1.0B), and EV of INR 85.8B (or $1.0B).
See Happiest Minds trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.0B | $1.0B | XXX | XXX | XXX | XXX | $0.20 |
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Start Free TrialAs of May 30, 2025, Happiest Minds has market cap of $1.0B and EV of $1.0B.
Happiest Minds's trades at 4.4x EV/Revenue multiple, and 19.4x EV/EBITDA.
Equity research analysts estimate Happiest Minds's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Happiest Minds has a P/E ratio of 35.5x.
See valuation multiples for Happiest Minds and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.0B | XXX | $1.0B | XXX | XXX | XXX |
| EV (current) | $1.0B | XXX | $1.0B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.4x | XXX | XXX | XXX |
| EV/EBITDA | 22.9x | XXX | 19.4x | XXX | XXX | XXX |
| EV/EBIT | 30.5x | XXX | 31.9x | XXX | XXX | XXX |
| EV/Gross Profit | 10.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 35.5x | XXX | 44.5x | XXX | XXX | XXX |
| EV/FCF | 25.9x | XXX | 39.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialHappiest Minds's last 12 month revenue growth is 15%
Happiest Minds's revenue per employee in the last FY averaged $49K, while opex per employee averaged $10K for the same period.
Happiest Minds's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Happiest Minds's rule of X is 55% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Happiest Minds and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 28% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | 38% | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $49K | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $10K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 21% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Happiest Minds acquired XXX companies to date.
Last acquisition by Happiest Minds was XXXXXXXX, XXXXX XXXXX XXXXXX . Happiest Minds acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Happiest Minds founded? | Happiest Minds was founded in 2011. |
| Where is Happiest Minds headquartered? | Happiest Minds is headquartered in India. |
| How many employees does Happiest Minds have? | As of today, Happiest Minds has 4.9K+ employees. |
| Who is the CEO of Happiest Minds? | Happiest Minds's CEO is Mr. Joseph Vinod Anantharaju. |
| Is Happiest Minds publicy listed? | Yes, Happiest Minds is a public company listed on BOM. |
| What is the stock symbol of Happiest Minds? | Happiest Minds trades under 543227 ticker. |
| When did Happiest Minds go public? | Happiest Minds went public in 2020. |
| Who are competitors of Happiest Minds? | Similar companies to Happiest Minds include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of Happiest Minds? | Happiest Minds's current market cap is $1.0B |
| What is the current revenue of Happiest Minds? | Happiest Minds's last 12 months revenue is $247M. |
| What is the current revenue growth of Happiest Minds? | Happiest Minds revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Happiest Minds? | Current revenue multiple of Happiest Minds is 4.1x. |
| Is Happiest Minds profitable? | Yes, Happiest Minds is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Happiest Minds? | Happiest Minds's last 12 months EBITDA is $44.0M. |
| What is Happiest Minds's EBITDA margin? | Happiest Minds's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Happiest Minds? | Current EBITDA multiple of Happiest Minds is 22.9x. |
| What is the current FCF of Happiest Minds? | Happiest Minds's last 12 months FCF is $38.9M. |
| What is Happiest Minds's FCF margin? | Happiest Minds's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Happiest Minds? | Current FCF multiple of Happiest Minds is 25.9x. |
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