Happiest Minds Technologies Limited has announced a strategic partnership with IBSFINtech to transform enterprise treasury operations through advanced AI-powered solutions. The collaboration, announced on January 30, 2026, positions Happiest Minds as both a reseller and system integration partner for IBSFINtech's comprehensive treasury management platform.

Strategic Partnership Framework

The partnership brings together complementary strengths from both organizations to address critical gaps in enterprise treasury management:

This collaboration combines Happiest Minds' deep expertise in AI, cloud, analytics, and enterprise integration with IBSFINtech's advanced, scalable platform built to streamline treasury operations, risk management, and trade finance for global enterprises.

Comprehensive Treasury Solutions

The joint offering addresses multiple aspects of modern treasury management, providing organizations with integrated solutions for:

• Cash flow and liquidity management
• Financial risk mitigation
• Investment and debt management
• Trade finance operations
• Supply chain finance optimization

IBSFINtech's platform fills a critical gap for agile, integrated, and AI-powered treasury management systems that corporations require in today's dynamic financial environment.

Leadership Perspectives

Joseph Anantharaju, Co-Chairman & CEO, Happiest Minds Technologies, emphasized the alignment with their digital transformation vision: "We are delighted to partner with IBSFINtech to bring their innovative AI-powered treasury and trade finance solutions to a broader market. This collaboration aligns with our vision to enable digital transformation for enterprises and deliver measurable business outcomes."

Maninder Singh, Chief Growth Officer, Happiest Minds Technologies, highlighted the natural extension of their capabilities: "This partnership is a natural extension of our commitment to delivering domain-led digital solutions. IBSFINtech's platform complements our capabilities in enterprise integration and intelligent automation, enabling us to offer a comprehensive solution for modern treasury transformation."

CM Grover, Promoter & CEO, IBSFINtech, described the partnership's strategic significance: "This partnership represents more than a convergence of capabilities—it reflects a shared commitment to redefining the future of corporate treasury. Through this collaboration, together we will be enabling a global ecosystem with integrated, intelligent, and resilient treasury, risk, and trade finance solution."

Service Delivery and Market Impact

As part of the partnership, Happiest Minds will provide comprehensive services including:

The joint offering is expected to benefit enterprises across multiple sectors including manufacturing, retail, logistics, and BFSI (Banking, Financial Services, and Insurance).

About the Companies

Happiest Minds Technologies Limited is an AI First, customer-obsessed digital engineering and Mindful IT company. As of September 2025, the company generates annualized revenues in excess of $270.00 million, maintains a workforce of over 6,500 across 43 global offices, and serves 290+ customers, including 85+ billion-dollar corporations.

IBSFINtech is globally recognized by IDC MarketScape as "Major Player" in the Worldwide SaaS and Cloud-Enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment. The company is headquartered in Bengaluru, India, with presence in USA and aggressive expansion plans in Middle East, JAPAC and Europe.

Happiest minds technologies Co-founder and Executive Chairman Ashok Soota is exploring strategic options for his stake in the IT services firm, having engaged a banker to assess potential sale opportunities.

Stake Holdings and Valuation

Soota maintains a substantial presence in the company through multiple holding structures. His current ownership includes over 32% held directly in the IT services firm, with additional holdings exceeding 40% through other promoter entities.

Strategic Assessment Process

The executive chairman has tapped a banker to evaluate various options for his stake, indicating a structured approach to potential divestment. This move represents one of the significant stake sale considerations in the Indian IT services sector, given the substantial valuation involved.

Market Implications

At current market prices, Soota's stake carries a valuation of approximately Rs 1,980 crore, reflecting the company's market positioning in the IT services landscape. The exploration of sale options by a co-founder and key leadership figure marks a notable development for the technology firm.

The engagement of banking advisors suggests a comprehensive evaluation process is underway to assess the most suitable path forward for the substantial shareholding.