Happiest Minds shares zoom 7% on vertical structuring. Details inside

Each new industry group is led by an IG Head, and is responsible for the P&L, selling Generative AI Business Services (GBS) to existing and potential accounts, along with Product & Digital Engineering Services (PDES) and Infrastructure Management & Security Services (IMSS), the company said in a regulatory filing.

"The potential of this new structure is immense and will be the bedrock of new growth engines, enabling us to compete better in the global markets and realize our vision of reaching $1 billion in revenues by 2031,” said Ashok Soota, Executive Chairman at Happiest Minds.

Joseph Anantharaju, Executive Vice Chairman & CEO (PDES), said, “This verticalization is a major event in the evolution and growth of Happiest Minds changing the foundations of our organization structure, while significantly augmenting our sales prowess and accelerating growth. Each Industry Group (IG) will have dedicated teams with deep domain expertise, allowing for customized solutions, and faster response times thus enhancing our agility and driving innovation leading to increased customer happiness and sustainable growth.”