Happiest Minds Technologies has raised its revenue growth forecast for FY27 to 12.5%, up from a prior estimate of 10%. The company attributes this upward revision to the successful traction of its "AI First" strategy and its matured Generative AI Business Services (GBS).
This growth is reportedly driven by strong demand and AI adoption across key sectors like financial services, healthcare, and manufacturing. Company leadership states the revised forecast is based on execution and current business momentum, which they believe sets a foundation for targeting 15% growth in FY28.
The main topics covered are the company's revised financial forecast, the strategic shift to an AI-centric business model, and the sectoral drivers behind the improved growth outlook.
IT firm Happiest Minds Technologies on Tuesday said it has revised its revenue growth expectation for the financial year 2026-27 to 12.5%, up from its earlier estimate of 10%, citing accelerating momentum from its artificial intelligence (AI) strategy and strong demand across sectors.
The Bengaluru-headquartered firm had logged a revenue of Rs 2,060.8 crore in FY25, 26.8% higher from the previous fiscal year. The company's profit, however, saw a 25.6% dip to Rs 184.6 crore in FY25.
The upward revision follows the launch of the company's 'AI First' initiative in February 2026. The company noted that this initiative reorients its entire operating model, service delivery architecture, and client engagement philosophy around AI.
Previously, in March 2025, Happiest Minds had announced 10 strategic initiatives, including the creation of Generative AI Business Services (GBS), which led to a set revenue growth expectation of 10 per cent in constant currency over a four-year horizon.
The company stated that its GBS has since matured significantly in capabilities and client acceptance, prompting the updated outlook.
"Having completed its assessment, the company is happy to announce a revision of its FY27 growth expectation to 12.5%, up from the earlier 10%. This reflects the company's confidence that its AI-first strategy and broader portfolio of strategic initiatives are generating measurable traction ahead of prior expectations. "The company also believes this growth will establish a solid foundation for FY28, where it aspires to achieve 15% growth," the company said in a statement.
Joseph Anantharaju, co-chairman and CEO, noted that the firm is witnessing all-round growth led by rapid acceleration in financial services, healthcare, hi-tech, and manufacturing due to robust AI adoption.
"The enhanced pipeline and strong business momentum we are experiencing validates our AI First strategy and reinforces our confidence in delivering superior outcomes for clients and stakeholders. Our solid FY27 forecast is a clear reflection of this trajectory," Anantharaju said.
Managing Director Venkatraman Narayanan added that the revised forecast is not aspirational, but rather "grounded in execution, client trust, and proven delivery".
Happiest Minds has a headcount of over 6,500 employees operating across 43 global offices and serves more than 290 customers, including over 85 billion-dollar corporations.
The Bengaluru-headquartered firm had logged a revenue of Rs 2,060.8 crore in FY25, 26.8% higher from the previous fiscal year. The company's profit, however, saw a 25.6% dip to Rs 184.6 crore in FY25.
The upward revision follows the launch of the company's 'AI First' initiative in February 2026. The company noted that this initiative reorients its entire operating model, service delivery architecture, and client engagement philosophy around AI.
Previously, in March 2025, Happiest Minds had announced 10 strategic initiatives, including the creation of Generative AI Business Services (GBS), which led to a set revenue growth expectation of 10 per cent in constant currency over a four-year horizon.
The company stated that its GBS has since matured significantly in capabilities and client acceptance, prompting the updated outlook.
"Having completed its assessment, the company is happy to announce a revision of its FY27 growth expectation to 12.5%, up from the earlier 10%. This reflects the company's confidence that its AI-first strategy and broader portfolio of strategic initiatives are generating measurable traction ahead of prior expectations. "The company also believes this growth will establish a solid foundation for FY28, where it aspires to achieve 15% growth," the company said in a statement.
Joseph Anantharaju, co-chairman and CEO, noted that the firm is witnessing all-round growth led by rapid acceleration in financial services, healthcare, hi-tech, and manufacturing due to robust AI adoption.
"The enhanced pipeline and strong business momentum we are experiencing validates our AI First strategy and reinforces our confidence in delivering superior outcomes for clients and stakeholders. Our solid FY27 forecast is a clear reflection of this trajectory," Anantharaju said.
Managing Director Venkatraman Narayanan added that the revised forecast is not aspirational, but rather "grounded in execution, client trust, and proven delivery".
Happiest Minds has a headcount of over 6,500 employees operating across 43 global offices and serves more than 290 customers, including over 85 billion-dollar corporations.
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