Happiest Minds FY21 Annual Report Takeaways.
'Investing in next-generation digital technologies like Blockchain, Robotics & Drones, and VR/AR.'
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A Thread 🧵👇
1/ Happiest Minds completes its 10 years of business: They have 13Kcrs in just a short span of time 🤯
Starts with the COVID 2.0 impact on the company: 8% of the team was tested +ve by 17th May, 26% of which were hospitalized.
Led to the terrible loss of 5 young men.
2/ Coming to the wins:
- Employee culture has been the biggest investment as per the chairman Mr. Ashok Soota
- Customer retention: One CFO has been a customer with the 3 companies he worked with ( Power of 💪relationships)
- Invested in all new technologies including next gen.
3/ Did you know? IP-led services (High margin & High operating leverage) account for 10% of their revenues.
Restructured the three business units (PES, DBS, IMSS) such that each caters to their specific high potential industries 🚀
4/ Talks about their Vision 2021-2031: How most businesses survive less than a half-lifetime of humans
This wouldn't be the case for Happiest minds as it is being 'designed for perpetuity': addressed succession risks
Guidance: 20% organic growth+ Lower PAT due to higher tax