Happiest Minds Technologies ' subsidiary, PureSoftware, has achieved significant recognition for its Arttha digital banking platform at the IBSi Digital Banking Awards 2025. The company secured two prestigious honors, highlighting its growing influence in the digital banking sector across Africa and other high-growth markets.

Award-Winning Innovation

PureSoftware's Arttha platform emerged victorious in two categories:

1. Functional Area Winner in Digital Wallet: This award was secured for the platform's implementation with G-Money Financial Services, a subsidiary of GCB Bank in Ghana.
2. Regional Winner for Africa: Arttha won this accolade for its work with EcoCash, demonstrating its impact across the African continent.

Arttha: A Comprehensive Digital Banking Solution

Arttha, PureSoftware's flagship product, is a cloud-native platform offering a wide range of digital banking solutions:

• Digital Lending
• Payments
• Retail and SME Banking
• Core Banking
• Buy Now Pay Later (BNPL)
• Agency Banking

The platform's versatility and scalability have been key factors in its success, enabling financial institutions to streamline operations and reduce time to market for new services.

Real-World Impact

The awards recognize Arttha's practical applications in the field:

• G-Money Financial Services: Utilizes Arttha for an omnichannel wallet platform, providing secure access to diverse financial services.
• EcoCash: Employs the platform for instant micro-loans, supporting financial inclusion initiatives.

Leadership Perspectives

Joseph Anantharaju, Co-Chairman & CEO of Happiest Minds Technologies, expressed pride in the recognition, stating, "These awards are a testament to the innovation and customer-centricity that define the joint vision of Happiest Minds and PureSoftware."

Manish Sharma, CEO of PureSoftware, emphasized the company's commitment to purpose-led innovation, saying, "Arttha continues to deliver scalable and inclusive digital banking solutions to address both current and future banking needs."

Client Testimonials

The success of Arttha is further validated by client testimonials:

• Munyaradzi Nhamo, Managing Director of EcoCash, praised the platform for enabling "a best-in-class digital lending solution that enables seamless credit access for customers while driving greater efficiency and business growth for our teams."
• Ebo Richardson, Principal Lead at G-Money Financial Services, commended Arttha's alignment with their business objectives and its role in developing scalable digital payment solutions.

About the IBSi Digital Banking Awards

Hosted by IBS Intelligence, these awards serve as a global benchmark for digital transformation success in banking and fintech. Nikhil Gokhale, Director of Research & Digital Properties at IBS Intelligence, congratulated PureSoftware, noting that the dual wins "reflect PureSoftware's growing role in supporting digital banking initiatives across diverse markets."

The recognition of Arttha at the IBSi Digital Banking Awards 2025 underscores PureSoftware and Happiest Minds Technologies' commitment to driving innovation in the digital banking sector, particularly in emerging markets where financial inclusion and digital transformation are critical priorities.

Happiest Minds Technologies Limited , a digital transformation company, has announced robust financial results for the first quarter of fiscal year 2026, demonstrating resilience and growth in a challenging global IT landscape.

Financial Highlights

• Revenue grew by 17.5% year-on-year in constant currency terms
• Total income reached ₹580.00 crores, up 18.5% year-over-year
• EBITDA stood at ₹124.00 crores with a margin of 21.4%, marking the 20th consecutive quarter within the guided range
• Operating margin improved to 17.6%, showing a sequential growth of 19.7%
• Profit After Tax (PAT) increased to ₹57.00 crores, representing 9.9% of revenue

Operational Performance

• Utilization rate improved to 78.9%, the highest in the last 9 quarters
• Active customer base grew from 281 to 285
• Million-dollar clients increased from 57 to 59
• Repeat business remained strong at 94%

Strategic Initiatives and Growth Drivers

Generative AI Business Unit

Showed significant traction with 14.5% sequential and 89.8% year-on-year growth. The unit achieved breakeven at an operating margin level this quarter.

Industry Verticalization

The reorganization into six industry verticals is fueling growth, particularly in Travel, Media & Entertainment, and Manufacturing sectors. BFSI has become the largest vertical, contributing 26% to revenues.

Acquisitions Integration

Recent acquisitions have deepened capabilities in BFSI and accelerated leadership in AI-driven digital transformation.

Net New Sales Engine

Investments in this area are beginning to yield results, contributing to the strong pipeline and order book growth.

Product-led SaaS Strategy

The Arttha unified banking platform and Insurance-in-a-Box solutions are showing encouraging signs of expansion.

Outlook

Despite the challenging global IT environment, Happiest Minds remains confident in its growth trajectory. The company aims to deliver double-digit growth in constant currency for FY2026 while maintaining EBITDA margins in the range of 20% to 22%.

Joseph Anantharaju, Co-Chairman and CEO, commented, "Our strategic transformations and focused investments are clearly driving strong financial outcomes, telling a compelling story of purposeful change, seamless integration, and long-term value creation."

Venkatraman Narayanan, Managing Director, added, "We'll continue to drive growth in areas like Cloud Data, Cybersecurity, and AI-led transformation in our verticals of focus while maintaining financial discipline."

As Happiest Minds Technologies continues to navigate the evolving IT landscape, its focus on innovation, strategic partnerships, and operational efficiency positions it well for sustained growth in the coming quarters.