Outcomes critical in driving growth, profitability, and stakeholder expectations: Happiest Minds

Venkatraman Narayanan, MD & CFO stated at the Happiest Minds' even that we are giving you a ringside view of the transformational changes that are underway at Happiest Minds—changes that are forward-looking and integral to driving our growth agenda and aligned with our vision of “Designing Happiest Minds for Perpetuity.”

As someone deeply involved in the changes Ashok and Joseph have outlined, I can confidently say that these transformations that we are undertaking will have a significant positive impact on our business. Some of these will be immediate, while others will unfold over time.

In this context, I want to highlight the areas I will be focusing among various others during this period of change.

First, we will strive to continue delivering industry-leading margins. We’ve successfully maintained 18 quarters of industry-leading EBITDA, even as we’ve invested heavily in the transformations we’ve discussed today. Our margin profile reflects the strength of our franchise and aligns with our vision of "Accelerating Profitable Growth."

We are committed to maintain and improve margins through both value and value growth and effectively managing the various "profit levers" available to us.

Second, will be our continued focus on M&A (Mergers & Acquisitions). This will include both exploring new opportunities and ensuring the successful integration of the ones we've already undertaken, and I anticipate dedicating considerable time and effort toward these.

From start to successful integration, M&As are about managing people, culture, and outcomes. Outcomes are critical in driving growth, profitability, and managing stakeholder expectations, and here, effective execution will take center stage. 

We are starting the new year with a good pipeline of potential M&A prospects. While I can’t provide specifics at this time, rest assured you’ll be the first to know once we close any new deals.  The plan for the next year which is currently under preparation assumes good growth on an organic basis.  We will have more details for you when we meet next and after our results.  What I mean to say is that any M&A will be in addition to our plan for the year.  

Lastly, building on Ashok’s comments, there are significant shifts occurring in the Indian IT industry. We must remain agile and adapt quickly to make the best use of these changing dynamics.

As mentioned, Venkatraman Narayanan is MD & CFO. The following Corporate functions will report to him: Finance, Talent Acquisition, Internal IT, Learning & Development, ESG, CSR, Procurement and Administration.