Happiest Minds Technologies anticipates a negligible business impact from the recent increase in H-1B visa fees. The company’s strategy focuses on a larger offshore footprint, reducing visa dependencies. Only a few Happiest Minds employees traveled to the U.S. on H-1B visas in CY 2024 and CY 2025. The company will continue to focus on offshore-centric delivery models to deliver high-quality digital solutions.
Limited H-1B Usage
Happiest Minds Technologies foresees a minimal effect on its operations and business outlook due to the recent H-1B visa fee increase. In CY 2024, only 4 Happiest Minds employees traveled to the U.S. on H-1B visas, and only 2 have done so till date in CY 2025.
Strategic Offshore Model
The company emphasizes its strategy to maintain a larger offshore footprint, reducing reliance on U.S. visas. Venkatraman Narayanan, Managing Director, stated that 94% of their workforce is based in India, with nearly 95% of revenues generated outside of U.S. onsite operations.
Vision and Commitment
Happiest Minds remains dedicated to its vision of “Happiest People . Happiest Customers.” The company is committed to driving innovation, fostering excellence, and delivering exceptional value to its global customers. They provide secure and scalable solutions across product engineering, cybersecurity, analytics, and automation platforms powered by enterprise-ready Gen-AI capabilities.
Industry Focus and Platforms
Happiest Minds serves various sectors including Banking, Financial Services & Insurance (BFSI), EdTech, Healthcare & Life Sciences, Hi-Tech and Media & Entertainment, Industrial, Manufacturing, Energy & Utilities, and Retail, CPG & Logistics. They utilize proprietary platforms like Arttha for digital payments and FuzionX Gaming Studio for game development, complemented by partnerships with Microsoft, AWS, and Google.
Global Presence and Achievements
As of June 2025, Happiest Minds generates annualized revenues exceeding $270 million. The company has a workforce of over 6,500 employees across 43 global offices, serving over 280 customers, including more than 85 billion-dollar corporations. The company has received awards such as the Brandon Hall Group Awards for Excellence, Top Workplaces 2025–USA, and CNBC-TV18 India Risk Management Award 2025.
Source: BSE
