Happiest Minds Technologies, under CEO Joseph Anantharaju, reported on May 14, 2025, that over 20% of its code is now AI-generated.
Anantharaju, recently elevated to CEO, emphasized proactive AI adoption, though sensitive sectors like banking and pharma remain cautious due to data privacy.
Q4 FY25 revenue grew 27.9% to Rs 544.6 crore, but profit fell 13% to Rs 56.7 crore, impacted by a Rs 12.5 crore bad debt and Rs 40 crore AI investments.
The task force ensures AI governance, targeting 20-22% margins despite a FY25 dip to 17.3%.
The company plans cautious hiring and Middle East expansion, aiming for double-digit growth in FY26.
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