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Happiest Minds Announces New Verticalization Org Structure



Posted On : 2024-02-27 13:47:17( TIMEZONE : IST )

Happiest Minds Announces New Verticalization Org Structure

Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), a 'Born Digital. Born Agile', digital transformation and IT solutions company, today announced its new vertical organization structure comprising six new Industry Groups (IG) - Industrial, Manufacturing and Energy & Utilities, Healthcare & Life Sciences, Retail, CPG and Logistics, Banking, Financial Services, and Insurance (BFSI), Hi-Tech and Media & Entertainment, and EdTech.

Ashok Soota, Executive Chairman, said "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."

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."

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). Being a market-facing leadership role, the IG Head owns the IG strategy, business plan, GTM, sales, domain capability, and overall customer and people happiness. Each IG Cluster will have dedicated teams with deep domain expertise, specialist BDMs for existing account growth, and in-house consulting capabilities.

Shares of Happiest Minds Technologies Limited was last trading in BSE at Rs. 834.35 as compared to the previous close of Rs. 848.30. The total number of shares traded during the day was 24571 in over 1830 trades.

The stock hit an intraday high of Rs. 857.80 and intraday low of 832.30. The net turnover during the day was Rs. 20744445.00.

Source : Equity Bulls

Keywords

HappiestMindsTechnologies INE419U01012 NewVerticalOrganizationStructure Siz IndustryGroups