Happiest Minds plans IPO within six years1 min read . Updated: 24 Apr 2013, 11:29 PM IST
The firm says it plans to touch $100 million in revenue by the time of its IPO
Bangalore: Happiest Minds Technologies, the information technology (IT) services star-tup launched by former Mindtree chairman and co-founder Ashok Soota in 2011, aims to sell shares for the first time within the next six years.
The company, which currently has 45 clients in the US, the UK, India and Southeast Asia, including five Fortune 500 companies, also said it planned to touch $100 million in revenue by the time of its IPO.
Bangalore-based Happiest Minds, which focuses primarily on areas such as social media, analytics and mobility, was launched in 2011 and managed to raise $45 million within a year from Canaan Partners, Intel Capital and some of its founders, including Soota, who quit Mindtree in March 2011.
Soota said the company, which employs about 800 people and has 14 centres globally, is currently sufficiently funded.
Last year, Soota sold nearly his entire remaining 3.5% stake in Mindtree to Coffee Day Resorts.