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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 $242M
LTM EBITDA $44.3M
$926M
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 of $242M and a last 12-month EBITDA of $44.3M.
In the most recent fiscal year, Happiest Minds achieved revenue of $189M and an EBITDA of $50.6M.
Happiest Minds expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Happiest Minds valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $166M | $189M | XXX | XXX | XXX |
| Gross Profit | $59.3M | $77.5M | XXX | XXX | XXX |
| Gross Margin | 36% | 41% | XXX | XXX | XXX |
| EBITDA | $43.3M | $50.6M | XXX | XXX | XXX |
| EBITDA Margin | 26% | 27% | XXX | XXX | XXX |
| Net Profit | $21.0M | $26.8M | XXX | XXX | XXX |
| Net Margin | 13% | 14% | XXX | XXX | XXX |
| Net Debt | $14.3M | $46.2M | XXX | XXX | XXX |
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As of April 15, 2025, Happiest Minds's stock price is INR 561 (or $7).
Happiest Minds has current market cap of INR 84.0B (or $976M), and EV of INR 79.8B (or $926M).
See Happiest Minds trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $926M | $976M | XXX | XXX | XXX | XXX | $0.16 |
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Sign UpAs of April 15, 2025, Happiest Minds has market cap of $976M and EV of $926M.
Happiest Minds's trades at 3.8x LTM EV/Revenue multiple, and 20.9x LTM EBITDA.
Analysts estimate Happiest Minds's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Happiest Minds and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $926M | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | 20.4x | XXX | XXX | XXX |
| P/E | 38.0x | XXX | XXX | XXX |
| P/E/Growth | 1.4x | XXX | XXX | XXX |
| EV/FCF | 17.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpHappiest Minds's NTM/LTM revenue growth is 18%
Happiest Minds's revenue per employee for the last fiscal year averaged $39K, while opex per employee averaged $9K for the same period.
Over next 12 months, Happiest Minds's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Happiest Minds's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Happiest Minds and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 38% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $39K | XXX | XXX | XXX | XXX |
| Opex per Employee | $9K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 23% | XXX | 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 |
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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 |
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Sign Up| 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 $976M |
| What is the current revenue of Happiest Minds? | Happiest Minds's last 12-month revenue is $242M. |
| What is the current EBITDA of Happiest Minds? | Happiest Minds's last 12-month EBITDA is $44.3M. |
| What is the current EV/Revenue multiple of Happiest Minds? | Current revenue multiple of Happiest Minds is 3.8x. |
| What is the current EV/EBITDA multiple of Happiest Minds? | Current EBITDA multiple of Happiest Minds is 20.9x. |
| What is the current revenue growth of Happiest Minds? | Happiest Minds revenue growth between 2023 and 2024 was 14%. |
| Is Happiest Minds profitable? | Yes, Happiest Minds is EBITDA-positive (as of the last 12 months). |
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