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.