Latest news with #AnandBalakrishnan
Time of India
2 days ago
- Business
- Time of India
Happiest Minds Technologies appoints Anand Balakrishnan as CFO
Mid-tier IT services company Happiest Minds Technologies has appointed Anand Balakrishnan as its chief financial officer (CFO) effective June 12. Balakrishnan will be reporting to managing director (MD) Venkatraman Narayanan , who will cease to hold the position of CFO, which he held over the past decade, the Bengaluru-based company informed in a stock exchange filing. Prior to this, Balakrishnan served as CEO at Mindteck , a publicly-listed IT services company, steering the company back to profitability during his six-year tenure. Balakrishnan has over 20 years of experience in financial management , accounting, and strategic leadership and has held senior positions at several organisations, including PwC, KPMG, Marsh McLennan (formerly JLT), GE Healthcare, and Mindteck. A chartered accountant, cost accountant and an American certified public accountant, Balakrishnan was appointed as the CFO designate at Happiest Minds Technologies in May. Live Events 'He brings a strong blend of financial acumen and strategic thinking that aligns perfectly with our vision for the future. I look forward to working closely with him as we continue driving innovation, delivering value to our stakeholders, and building a sustainable and growth-focussed organisation,' said Narayanan. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Happiest Minds Technologies has operations in the US, the UK, Canada, Australia, and the Middle East, offering digital transformation services for enterprises and technology providers. On Thursday, the company's shares ended weaker by nearly 1.5% to end the day's trade at Rs 610 apiece on the BSE Sensex, which closed lower by 1%.
Yahoo
2 days ago
- Business
- Yahoo
Happiest Minds appoints Anand Balakrishnan as Chief Financial Officer
SAN JOSE, Calif. and LONDON and BENGALURU, India, June 12, 2025 /PRNewswire/ -- Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a 'Born Digital . Born Agile', Mindful IT Company, today announced the appointment of Mr. Anand Balakrishnan as its Chief Financial Officer (CFO). In his role as CFO, Anand will be reporting to Mr. Venkatraman Narayanan, Managing Director of the Company. Anand Balakrishnan has over 20 years of extensive experience in financial management, accounting, and strategic leadership, having held senior roles at organizations including Marsh McLennan (formerly JLT), GE Healthcare, and Mindteck. Venkatraman Narayanan, Managing Director, Happiest Minds, said, "We're delighted to welcome Anand to Happiest Minds. He brings a strong blend of financial acumen and strategic thinking that aligns perfectly with our vision for the future. I look forward to working closely with him as we continue driving innovation, delivering value to our stakeholders, and building a sustainable and growth-focused organization." Anand brings rich leadership experience from his previous roles and joins us from Mindteck, a publicly listed IT service company. During his six-year tenure with them, he played a pivotal role in improving financial discipline and operational efficiency and successfully turning the organization back to profitability by guiding the business towards stability and sustainable growth. Anand is a member of Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Certified Public Accountant – American Institute of Certified Public Accountants and holds a graduate degree in commerce from the Bangalore University. About Happiest Minds Technologies Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/ augmented reality, etc. Positioned as 'Born Digital . Born Agile', our capabilities span Product & Digital Engineering Services (PDES), Generative AI Business Services (GBS), and Infrastructure Management & Security Services (IMSS). We deliver these services across industry groups: Banking, Financial Services & Insurance (BFSI), EdTech, Healthcare & Life Sciences, Hi-Tech and Media & Entertainment, Industrial, Manufacturing, Energy & Utilities, and Retail, CPG & Logistics. The company has been recognized for its excellence in Corporate Governance practices by Golden Peacock and ICSI. A Great Place to Work Certified™ company, Happiest Minds is headquartered in Bengaluru, India with operations in the U.S., UK, Canada, Australia, and the Middle East. Media Contact:Dr. Kiran VeigasVice President and Head - Corporate Marketing, Branding & Communicationsmedia@ Photo: View original content to download multimedia: SOURCE Happiest Minds Technologies Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
2 days ago
- Business
- Business Standard
Happiest Minds appoints Anand Balakrishnan as chief financial officer
Happiest Minds Technologies has announced the appointment of Anand Balakrishnan as the chief financial officer (CFO) of the company, effective from 12 June 2025. The appointment was approved by the board of directors following recommendations from the Audit Committee and the Nomination, Remuneration and Board Governance Committee. Anand Balakrishnan is an associate member of both the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India. He holds a bachelor's degree in commerce from Bangalore University and has also passed the CPA examination conducted by the American Institute of Certified Public Accountants. With over 20 years of experience in financial management, accounting, and strategic leadership, Anand has held senior positions at several prominent organizations, including PwC, KPMG, Marsh McLennan (formerly JLT), GE Healthcare, and Mindteck. Most recently, he served as CEO at Mindteck, a publicly listed IT services company, where he was instrumental in driving financial discipline, enhancing operational efficiency, and steering the company back to profitability and stable growth during his six-year tenure. Meanwhile, Venkatraman Narayanan continues as managing director and ceases to hold his position as CFO. Anand Balakrishnan will be reporting to the managing director. Venkatraman Narayanan ceases to act as the Chief Financial Officer of the Company, effective from 12 June 2025. Venkatraman Narayanan, managing director, Happiest Minds, said, Were delighted to welcome Anand to Happiest Minds. He brings a strong blend of financial acumen and strategic thinking that aligns perfectly with our vision for the future. I look forward to working closely with him as we continue driving innovation, delivering value to our stakeholders, and building a sustainable and growth-focused organization. Happiest Minds Technologies and IT Solutions Company enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. The IT company's consolidated net profit fell 32.13% to Rs 34 crore in Q4 FY25 as against Rs 50.10 crore recorded in Q3 FY25. Revenue from operations increased 2.59% QoQ to Rs 544.57 crore in Q4 FY25. The counter shed 0.76% to settle at Rs 614.45 on the BSE.
Business Upturn
2 days ago
- Business
- Business Upturn
Happiest Minds appoints Anand Balakrishnan as new CFO effective June 12
By Aditya Bhagchandani Published on June 12, 2025, 13:09 IST Happiest Minds Technologies announced the appointment of Anand Balakrishnan as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective June 12, 2025. The decision was taken at the company's board meeting held the same day. Anand Balakrishnan brings with him over two decades of experience in financial management and strategic leadership. He previously served as the CEO of Mindteck, where he played a key role in driving the company back to profitability and operational stability. He is a qualified Chartered Accountant and Cost Accountant and has passed the CPA examination held by the American Institute of Certified Public Accountants. With this transition, Mr. Venkatraman Narayanan will continue as the Managing Director but will no longer hold the CFO position. The company stated that the appointment was recommended by the Audit Committee and Nomination, Remuneration and Board Governance Committee. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
23-05-2025
- Business
- Business Upturn
Mindteck Reports Financial Results for the Financial Year 2024-25
By Business Wire Published on May 23, 2025, 18:07 IST Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, reported its audited financial results for the quarter and year ended March 31, 2025. The company's consolidated revenue for the quarter stood at Rs.104.02 crore as against Rs.104.02 crore for the previous quarter ended December 31, 2024, and Rs. 97.90 crore for the corresponding quarter ended March 31, 2024. Consolidated net profit for the quarter stood at Rs. 6.80 crore as against a profit of Rs. 7.93 crore for the previous quarter ended December 31, 2024, and Rs. 6.48 crore for the corresponding quarter ended March 31, 2024. The Company's consolidated revenue for the year ended March 31, 2025, stood at Rs. 424.42 crore, compared to Rs. 385.53 crore for the previous year ended March 31, 2024, representing a year-over-year (YoY) growth of 10.1%. The company reported a consolidated net profit of Rs. 30.41 crore (before exceptional items) for the year ended March 31, 2025, compared to a consolidated net profit of Rs. 27.31 crore for the previous year ended March 31, 2024, marking an increase of 11.4%. The company's standalone revenue for the quarter stood at Rs. 38.61 crore as against Rs. 35.87 crore for the previous quarter ended December 31, 2024, and Rs. 36.10 crore for the corresponding quarter ended March 31, 2024. Standalone net profit for the quarter stood at Rs. 7.26 crore as against a profit of Rs. 3.29 crore for the previous quarter ended December 31, 2024, and Rs. 5.74 crore for the corresponding quarter ended March 31, 2024. The Company's standalone Revenue for the year ended March 31, 2025, was Rs. 155.09 crore, as against Rs. 139.69 crore for the previous year ended March 31, 2024, representing a year-over-year (YoY) growth of 11.0 %. Standalone Net profit for the year ended March 31, 2025, stood at Rs. 18.82 crore as compared to a profit of Rs. 18.27 crore (Includes exceptional items of Rs. 2.29 crore) for the previous year ended March 31, 2024, marking an increase of 3.0%. The Chairman of the Board, Mr. Yusuf Lanewala, commented: 'We are pleased with the steady progress the company has demonstrated over the past year. Achieving a 10.1% year-over-year growth in revenue is a strong indicator of our team's strategic focus and operational execution. While the quarterly net profit reflects some normalization following an exceptionally strong prior quarter, the overall annual performance underscores the resilience of our business model and the value we continue to deliver to our stakeholders.' As we announce the departure of our CEO and Managing Director, Anand Balakrishnan, I want to express my sincere appreciation for his leadership and contributions during a critical growth phase. The company remains on a strong footing, with a clear strategic roadmap and an experienced leadership team in place. I am also pleased to share that Mr. Santosh Nandiyath, who has been serving as Interim CFO, will take over as Chief Financial Officer with effect from May 24, 2025. His deep understanding of our operations and strong financial acumen will continue to support our growth ambitions. We are confident in our continued momentum and are firmly on track for the next phase of exponential growth. Adding to this, Anand Balakrishnan, the CEO, said, 'Our financial results for FY25 reflect solid momentum across our core business segments. With consolidated revenue reaching Rs. 424.42 crore, and a robust YoY growth of 10.1%, we've maintained our trajectory of sustainable growth. Although the quarterly profit saw a marginal dip compared to Q3, our full-year net profit of Rs. 30.41 crore demonstrates operational strength and disciplined cost management. We remain focused on innovation, customer engagement, and driving long-term value creation.' Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.
