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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
Ashok Soota, is the largest shareholder, holding 43% of shares outstanding. In comparison, the 2nd and 3rd hold about 13% and 3.6%
#HappiestMinds Skin in the game ?
Top 2 holds around 55% stake which is ₹92b worth of shares in the ₹186b company.
42.5% => Ashok Soota [ ₹71.8b ]
12.66% => Ashok Soota Medical Research LLP [ ₹21.4b]
Top 25 shareholders own 73.71% of the company
#Nifty #Happstmnds #Trading #PnF
It was also discussed in #ChitChart by @rajran06 sir.
#HAPPSTMNDS 1%— Aditya Shyam Jalan (@Aditya_Jalan_3) August 17, 2021
In line with the bullishness of the IT sector. Consolidated after a good upmove, providing a very low risk entry point .
CR entry at 1427
SL as the next probable Triple Bottom Sell at 1344.85#PnF #Trading #Process #StockMarket #StocksToWatch @Definedge pic.twitter.com/k76ViohZF2