The IT services firm, founded by former Mindtree Chairman Ashok Soota in August 2011, is also expanding its global footprint by opening operations across Australia, Middle East and Turkey.
"We have reported an annualised run rate of USD 62 million. This is a 27 per cent growth in rupee terms and 20.4 per cent rise in constant currency. The growth has been led by our strong focus on digital transformation and IP-led approach," Soota, Executive Chairman at Happiest Minds, told PTI.
"Digital transformation was the fastest growing segment and contributed over half of our revenue. Also, 10 per cent of our sales came from Intellectual Property offerings, which will be driven further," he said.
"We have been able to achieve profitability in the fourth
full year of operations because we function with the nimbleness of a startup, while adding value to our customers through investments in IP and continuously enhancing customer experience," he said.
It raised USD 45 million from Canaan Partners, Intel Capital and the company's founders, including Ashok Soota in 2011.
Happiest Minds offers IT services, product engineering, infrastructure management and security services to sectors like retail, consumer packaged goods, ecommerce, banking, insurance, hi-tech, engineering R&D, manufacturing, automotive and travel/transportation/hospitality.