Shares of Happiest Minds Technologies surged on Wednesday morning after the Bengaluru-based IT firm raised its FY27 revenue growth forecast, citing faster-than-expected traction from its AI-led strategy. The stock opened at ₹407.60 on the NSE, climbed to an intraday high of ₹454.30, and was last trading at ₹450.30 — up ₹49.85 or 12.45 per cent from its previous close of ₹400.45.
The rally follows a press release dated March 10, 2026, in which the company revised its FY27 constant-currency growth expectation to 12.5 per cent, up from the 10 per cent target set in March 2025. The company also said it aspires to reach 15 per cent growth in FY28.
The revision is driven by what the company describes as accelerating client adoption of its AI First initiative — its 11th strategic initiative, launched on February 10, 2026. The initiative repositions the company’s operating model and service delivery around artificial intelligence as a core value driver.
Management confident on growth
Chairman Ashok Soota said the AI First strategy was already delivering measurable results and driving client transformations at scale. Co-Chairman and CEO Joseph Anantharaju cited broad-based growth across financial services, healthcare, hi-tech, and manufacturing. Managing Director Venkatraman Narayanan described the revised forecast as grounded in execution and client trust rather than aspiration.
The company had originally set out 10 strategic initiatives in March 2025 as a four-year growth roadmap. A key element of that plan was the creation of a Generative AI Business Services unit, which has since expanded in capability and client acceptance, and now underpins the AI First strategy.
Happiest Minds reported annualised revenues exceeding $260 million as of February 2026, with over 6,500 employees across 43 offices globally and more than 290 active customers.