In a press release filed with exchanges, the Bengaluru-based digital engineering company said the revised outlook is higher than its earlier growth estimate of 10% in constant currency over a four-year horizon.
The upgrade follows the company’s AI First initiative, launched on February 10, 2026, which, the company said, reorients its “operating model, service delivery architecture and client engagement philosophy around the primacy
of artificial intelligence as a value-creation mechanism.”
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Happiest Minds now aims to achieve 15% growth in FY28, building on the expected momentum from its AI-focused strategy and broader strategic initiatives.
The company said it reviewed client feedback, pipeline metrics and market opportunities following the launch and found growing acceptance of its AI-driven offerings across its customer base.
Ashok Soota, Chairman and Chief Mentor of Happiest Minds, said, “Happiest Minds is witnessing an accelerated growth driven by AI and other strategic initiatives.” He added that the AI-First approach is already delivering measurable results and enabling client transformation.
Co-Chairman and CEO Joseph Anantharaju of the company said the company is seeing strong adoption of AI across sectors, including financial services, healthcare, hi-tech and manufacturing, which is supporting an enhanced pipeline and stronger business momentum.
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Happiest Minds, which positions itself as an AI-First digital engineering company, provides services across areas such as product engineering, cybersecurity, analytics and automation platforms.
As of February 2026, the company reported annualised revenue of over $260 million, employs more than 6,500 people across 43 global offices, and serves over 290 customers worldwide, including more than 85 billion enterprises.
Shares of Happiest Minds Technologies are trading 16.81% higher after the announcement at ₹397.80. The stock has nearly halved from its 52-week high level of ₹708, while from its record high levels of over ₹1,500, the stock is down over 70%.
