In The News
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
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
In This company, juniors do their boss’s appraisals
Electronic City based Happiest Minds technologies , the newest IT service firm to have emerged in the city, is aiming to keep at least 95% of its employees perpetually high on the happiness Index. Raja Shanmugam, president and Chief people officer, Happiest Minds, says in the next five years at least 95% of their employees should rate the organization four and above on a scale of five when it comes to happiness”.
Thursday, April 25, 2013 | Source: DNA
Happiest Minds Revenue Touches $20 Million
Happiest Minds technologies, a Bangalore headquartered IT services company started by Ashok Soota, one of the founders of MindTree has closed the 2012-13 fiscal with an annualized revenue run rate of $20 million.
Thursday, April 25, 2013 | Source: Financial Express
Happiest Minds to hire more as it aims for $100 million revenue
BANGALORE: Happiest Minds Technologies, a software services company founded by former Mindtreechairman and cofounder Ashok Soota, wants to expand its business and hire more people as it targets $100 million (Rs 540 crore) in revenues over the next six years.
Wednesday, April 24, 2013 | Source: The Economic Times