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In The News

  • Older professionals launch ventures to bring in expertise to startup ecosystem
  • ITaaS more than just a passing fad
  • Cloud – A view on why it’s still overcast in CIOs’ minds!
  • Organizations Should Make Happiness a Central Part of Business: Raja, Chief People Officer, Happiest Minds
  • In disruptive technologies, what’s small project for big IT firms, is big business for us: Vikram Gulati, Happiest Minds CEO
  • Demand for IT continues even during slowdown: Ashok Soota
  • Corporates want the new govt to bring back growth
  • We’ll be consistent with our break-even plan: Ashok Soota
  • Happiest Minds to offer stock options to employees
  • Happiest Minds says it has had a record year

Older professionals launch ventures to bring in expertise to startup ecosystem

PUNE/BANGALORE: Entrepreneurship is assumed to be a young person’s game but that notion is being challenged by older professionals who are launching new ventures, bringing in a blend of experience and technical expertise to India’s burgeoning startup ecosystem. Typically aged fifty years or more, they are setting up companies in sectors ranging from alternative energy to technology services and gaining support from investors who feel reassured by the wisdom of grey hair.

Friday, August 16, 2013   |  Source: The Economic Times

ITaaS more than just a passing fad

Virtualized infrastructures are transitioning to cloud and so are rapidly evolving to become the bedrocks of cloud infrastructure to deliver a self-service model, a growing trend. In this type of business model, daily business operations are run without having to invest upfront in basic business applications (office, mailbox)  and infrastructure – LAN/WAN or desktop and laptops

Wednesday, July 17, 2013   |  Source: Information Week

Cloud – A view on why it’s still overcast in CIOs’ minds!

Cloud adoption is at a critical inflection point and as solution providers spearheading this change, we should make the transitions as comfortable as we can says

Wednesday, July 10, 2013   |  Source: CIOL

Organizations Should Make Happiness a Central Part of Business: Raja, Chief People Officer, Happiest Minds

Mr Raja Shanmugam is Chief People Officer of Happiest Minds, an IT services company promoted by Ashok Soota, a leading name in India’s IT industry. Raja has over 24 years of experience in the IT industry. Raja holds engineering degree in Electronics and Communication from College of Engineering, Guindy, Anna University, Chennai, and an MBA from Bharathidasan Institute of Management, Tiruchi. Raja is a Member of NASSCOM Diversity and Inclusion Steering Committee, NASSCOM Foundation’s Disability Advisory Group and CII – Disability Forum.

Monday, June 17, 2013   |  Source: India CoCreates

In disruptive technologies, what’s small project for big IT firms, is big business for us: Vikram Gulati, Happiest Minds CEO

Happiest Minds hit the headlines two years ago not just because it was yet another entrepreneurial venture of MindTree co-founder Ashok Soota, but also because it had gulped down the biggest ever first round of VC funding in India. The company absorbed around $45 million, led by Canaan Partners and Intel Capital, in 2011. Moreover, within a short time span, it has already hit a revenue run rate of $20 million. The firm describes itself as a next-generation IT services provider, focused on harnessing disruptive technologies such as cloud, mobility, social CRM, analytics, infrastructure and security. VCCircle caught up with Vikram Gulati, CEO and MD of Happiest Minds, who talks about the path to IPO, change in strategy related to acquisitions, expansion plans and much more. Here are the edited excerpts.

Tuesday, June 04, 2013   |  Source: Techcircle.in

Demand for IT continues even during slowdown: Ashok Soota

In 2012-13, Nasscom reduced the IT industry’s growth target three times . There is a global slowdown but we are coming out of it now. I am always optimistic about demand in the IT sector. During a slowdown, the demand for IT does not go away.

Monday, June 03, 2013   |  Source: Business Today

Corporates want the new govt to bring back growth

BANGALORE: Industry captains say that the new government should turbo charge the state’seconomy that’s remained dormant under an unstable BJP administration .

Thursday, May 09, 2013   |  Source: The Times of India

We’ll be consistent with our break-even plan: Ashok Soota

Happiest Minds Technologies, the IT services firm founded by industry veteran Ashok Soota has completed one full financial years of its operations on March 31, 2013. Based on the revenues it reported in the fourth quarter of FY13, the company has said its annualised revenue run rate is now $20 million. The company has also reiterated that it would become the fastest Indian IT services company to cross $100 million in revenues. In an interview with Bibhu Ranjan Mishra, Soota who is now the executive chairman of the company discusses the future of the company and the industry.

Monday, April 29, 2013   |  Source: Business Standard

Happiest Minds to offer stock options to employees

Ashok Soota’s 18-month-old IT services venture Happiest Minds has offered stock options to all its 800 employees. Shares will be offered at Rs 2 face value, on par with the company’s promoters. IT companies in particular have used stock options to reward and retain employees, and provide them a sense of ownership.

Thursday, April 25, 2013   |  Source: Times of India

Happiest Minds says it has had a record year

Happiest Minds technologies, the newest kid in the Indian IT outsourcing block, on Wednesday said it has set records in its first full financial year, 2012-2013. Clocking $20 million in annualized revenues acquiring 45 customers across US,UK,India, South East Asia and taking in  over 800 employees.

Thursday, April 25, 2013   |  Source: Deccan Chronicle

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