Happiest Minds achieves $20 million run rate, plans IPO in 6 years

Last year, we introduced you to India’s Hottest Startup, i.e. Happiest Minds which raised $45mn within 3 months of its launch.

The Bangalore based company has now announced that it has achieved a $20 million run rate on an annualised basis in one full financial year.

“We are on track to become the fastest company to reach $100 mn in Indian IT services,” Ashok Soota,  the co-founder and Chairman of Happiest Minds told reporters.

The company, which raised $45 mn from Ashok Soota, Intel Capital and Canaan Partners,  finished one full financial year of operations on 31 March 2013. Happiest Minds now employs 800 people and has 45 customers.

The key focus for enterprises today is to give a better customer experience, improve efficiency and to open up the organisation to customers as well as employees, mentioned Vikram Gulati, CEO, Happiest Minds.

Banking and financial services, travel,  entertainment and media, retail and consumer products markets have been great for us, he added. Of the 45 customers, five are fortune 500 companies, said Gulati.
The company founded by Mr Soota and others after his exit from mid sized IT firm Mindtree in 2011, has plans to go public in about 6 years.

Recommended Video: Ashok Soota on Entrepreneurship:

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