Happiest Minds Technologies , a leading AI-led digital engineering and Mindful IT company, has announced that the recent increase in H-1B visa fees will have a negligible impact on its business operations and outlook. The company's unique strategy and offshore-centric model have positioned it favorably amidst changing visa regulations.

Minimal H-1B Visa Dependency

Joseph Anantharaju, Co-Chairman & CEO of Happiest Minds, revealed that the company had only 4 employees travel to the U.S. on H-1B visas in 2024 and 2 in 2025. This limited reliance on H-1B visas aligns with the company's strategy of maintaining a larger offshore footprint while reducing visa dependencies.

Anantharaju highlighted what he calls the company's 'H-1B Outlier Advantage,' stating, "This is in line with our strategy to have a larger offshore footprint while reducing our visa dependencies. I would like to call this our 'H-1B Outlier Advantage', which sets us apart in the industry."

Offshore-Centric Delivery Model

Venkatraman Narayanan, Managing Director of Happiest Minds, provided insights into the company's operational structure:

• 94% of the workforce is based in India
• Nearly 95% of revenues are generated outside U.S. onsite operations
• The company has built a robust offshore-centric delivery model over 14 years

Narayanan emphasized, "This strategic focus not only drives cost efficiencies but also enables us to consistently deliver high-quality digital solutions to our clients worldwide. Our offshore centricity is a key differentiator."

Business Outlook

The company expects the proposed visa fee increase to have a negligible impact on its business. Narayanan stated that future utilization of H-1B visas will be guided purely based on the need for expertise and economics.

Company Profile

Happiest Minds Technologies Limited is an AI-led customer-first digital engineering and Mindful IT company. With a focus on innovation and excellence, the company offers solutions across various sectors including Banking, Financial Services & Insurance (BFSI), EdTech, Healthcare & Life Sciences, Hi-Tech, Media & Entertainment, Industrial, Manufacturing, Energy & Utilities, and Retail, CPG & Logistics.

As of June 2025, Happiest Minds reported:

The company remains committed to its vision of "Happiest People . Happiest Customers" and continues to drive innovation in the IT services sector.

Upcoming Financial Results

Investors should note that the company has announced the closure of its trading window for designated persons and their immediate relatives from October 1, 2025, until 48 hours after the declaration of financial results for the quarter ending September 30, 2025. This closure is in compliance with SEBI regulations and the company's Code on Prohibition of Insider Trading.

Happiest Minds Technologies continues to navigate the evolving landscape of global IT services with a strategic approach that emphasizes offshore capabilities and reduced dependency on visa programs.

Happiest Minds Technologies , a digital transformation and IT solutions provider, has announced strong financial results for the third quarter of fiscal year 2021, showcasing significant growth across key metrics.

Revenue Growth

The company reported a quarterly revenue of ₹201.29 crore for Q3 FY21, marking a substantial increase of 7.1% quarter-over-quarter and an impressive 14.6% year-over-year growth. This performance underscores Happiest Minds Technologies' ability to expand its business despite challenging market conditions.

EBITDA Surge

One of the standout features of Happiest Minds Technologies' Q3 results was the remarkable surge in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The company's EBITDA skyrocketed by 112.3% year-over-year, reaching ₹59.69 crore. This growth was accompanied by a significant expansion in EBITDA margins, which improved from 16.0% in the previous year to a robust 29.7% in Q3 FY21.

Profitability Boost

Happiest Minds Technologies also reported a substantial increase in profitability. The company's Profit After Tax (PAT) grew by 97.1% year-over-year, reaching ₹42.15 crore. The PAT margin stood at an impressive 20.9%, reflecting the company's ability to translate revenue growth into bottom-line results.

Nine-Month Performance

For the nine-month period of FY21, Happiest Minds Technologies continued to demonstrate strong performance:

Digital Focus and Client Base

Happiest Minds Technologies maintained its strong focus on digital services, with 96.6% of its revenue coming from this segment. The company serves 38 Fortune 2000, Forbes 200, or billion-dollar corporations, highlighting its ability to attract and retain high-profile clients.

Operational Highlights

• Employee count reached 2,885
• Utilization rate stood at 81.6%
• The company operates across three key segments:
  1. Infrastructure Management & Security Services
  2. Digital Business Solutions
  3. Product Engineering Services

Happiest Minds Technologies' Q3 FY21 results demonstrate the company's resilience and ability to grow in a competitive market. With strong revenue growth, significant margin expansion, and a continued focus on digital services, the company appears well-positioned to capitalize on the increasing demand for digital transformation solutions.