Happiest Minds shares jump 12% on revenue growth target bump
Happiest Minds Technologies saw its shares jump 12.5% to ₹382 on Tuesday after the company bumped up its fiscal 2027 revenue growth target from 10% to 12.5%.
The boost comes thanks to more clients jumping on board with its new "AI First" approach, rolled out just last month.
AI use cases and sector focus
The company is developing 32 AI use cases (many at prototype stage), highlights work in generative AI and agentic AI across those broader efforts, and says it has shifted several AI initiatives beyond experimentation into production-ready solutions across sectors such as healthcare, edtech, retail and hi-tech.
Its Generative AI Business Services unit grew by 50% in just one quarter, and some advanced AI projects are fetching up to 25% higher prices.
Right now, AI makes up only about 1.6% of Happiest Minds's revenue. The company has broader growth aspirations, including targeting 15% growth in FY28.
Plans to double GenAI team
To keep the momentum going, Happiest Minds plans to build a dedicated 1,000+ AI/GenAI team by end of FY27.
For a quick snapshot: Third-quarter revenue was up nearly 11% year-over-year at ₹587 crore with an EBITDA margin of about 20.4%.