Over the intervening period, Generative AI Business Services (GBS) has matured significantly — both in capabilities and in client acceptance
FinTech BizNews Service
Mumbai, March 10, 2026: Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), an AI First, customer-centric digital engineering and Mindful IT company, today reaffirmed the company’s strong growth trajectory, strengthened by its AI First strategic initiatives and robust demand across sectors.
On March 26, 2025, the Company announced 10 Strategic Initiatives, which collectively provided the foundation for setting a revenue growth expectation of 10% in constant currency over a four-year horizon. That announcement signalled Happiest Minds Technologies' intention to pursue a focused, initiative-led transformation across its business.
Among those 10 initiatives was the creation of Generative AI Business Services (GBS). Over the intervening period, GBS has matured significantly — both in capabilities and in client acceptance — to the point where it became the foundation for the Company's most consequential strategic evolution to date.
Launch of the AI First Initiative — The 11th Strategic Initiative
On February 10, 2026, the Company launched AI First — its 11th Strategic Initiative. This initiative represents not merely an addition to the existing framework, but a strategic elevation: AI First reorients the Company's entire operating model, service delivery architecture, and client engagement philosophy around the primacy of artificial intelligence as a value-creation mechanism.
At the time of the AI First launch, the Company communicated that it was observing rapid acceptance of its initiatives across the client base. Acknowledging the pace of change the Company had indicated it would undertake an evaluation of client feedback, pipeline metrics, market opportunities, and the expanded scope of its AI First offerings and providing an updated growth outlook.
"Having completed its assessment, the Company is happy to announce a revision of its FY27 growth expectation to 12.5%, up from the earlier 10%. This reflects the company’s confidence that its AI‑First strategy and broader portfolio of strategic initiatives are generating measurable traction ahead of prior expectations. The Company also believes this growth will establish a solid foundation for FY28, where it aspires to achieve 15% growth."
Ashok Soota, Chairman & Chief Mentor, Happiest Minds, said, "Happiest Minds is witnessing an accelerated growth driven by AI and other strategic initiatives. We are leading from the front with our AI‑First strategy, which is already delivering measurable results and driving client transformations at scale. With this momentum, we are strongly positioned for sustained leadership in the AI-driven future of IT services."
Joseph Anantharaju, Co-Chairman & CEO, Happiest Minds, said, “We are witnessing all-round growth led by rapid acceleration in financial services, healthcare, hi‑tech, and manufacturing by robust adoption of AI.
The enhanced pipeline and strong business momentum we are experiencing validates our AI First strategy and reinforces our confidence in delivering superior outcomes for clients and stakeholders. Our solid FY27 forecast is a clear reflection of this trajectory.”
Venkatraman Narayanan, Managing Director, Happiest Minds, said, “We are focused on growth, innovation, and value creation and the forecast we are announcing today is not aspirational
— it is grounded in execution, client trust, and proven delivery.”
