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IT company Happiest Minds Technologies Limited saw its share price rise by more than 5 per cent on Tuesday after it announced a new vertical organizational structure comprising six new industry groups.
The company announced its new vertical organizational structure comprising six new Industrial Groups (IG): Industrial, Manufacturing and Energy and Utilities, Healthcare and Life Sciences, Retail, CPG and Logistics, Banking, Financial Services and Insurance (BFSI). , High technology. and Media and Entertainment, and EdTech.
Ashok Soota, CEO, said: “The potential of this new structure is immense and will be the foundation of new growth engines, allowing us to better compete in global markets and realize our vision of achieving $1 billion in revenue. by 2031”.
Joseph Anantharaju, Executive Vice President and Chief Executive Officer (PDES), said: “This verticalization is a significant event in the evolution and growth of Happiest Minds, changing the foundations of our organizational structure, while significantly increasing our sales and accelerates growth. Each Industrial Group (IG) will have dedicated teams with deep domain expertise, enabling customized solutions and faster response times, thereby improving our agility and driving innovation, leading to greater customer happiness and growth. sustainable”.
“Each new industry group is led by an IG director and is responsible for P&L, selling generative AI business services (GBS) to existing and potential accounts, along with product and digital engineering services (PDES) and services. security and infrastructure management (IMSS). Being a market-oriented leadership role, the Head of IG owns the IG strategy, business plan, GTM, sales, domain capability and overall customer and people happiness. “Each IG Cluster will have dedicated teams with deep domain expertise, specialized BDMs for growth of existing accounts and in-house consulting capabilities,” the IT firm said in a stock exchange filing.
Poornima Bethmangalkar will head Industrial, Manufacturing and Energy & Utilities. Srinivas Iyengar will lead healthcare and life sciences and is vice chairman and director of IG.
Priya Prasad will head the retail, CPG and logistics industry group, while Subhasis Bandyopadhyay will head Banking, Financial Services and Insurance (BFSI).
Viswanath Subramaniam will head the EdTech industry group, while the head of hi-tech and media and entertainment will be announced in the coming weeks.