Happiest Minds and ITC Infotech to Merge in AI-Driven Expansion

The merger brings together Happiest Minds’ expertise in AI, cloud, and cybersecurity with ITC Infotech’s deep roots in enterprise transformation, SAP, and Product Lifecycle Management. By combining their portfolios, the firms plan to leverage a unified workforce of 19,000 professionals to capture larger global contracts. ITC Limited will emerge as the promoter of the combined entity, holding a 73.4% stake, while the deal structure includes an acquisition of a 22.1% minority stake in Happiest Minds by ITC Infotech for ₹1,330 crore.

Ashok Soota, Chairman and Chief Mentor of Happiest Minds, described the move as a strategic alignment of values and vision, positioning the firm for long-term growth. Sanjiv Puri, Chairman of ITC Limited, noted that the integration of future-ready capabilities will bolster their service delivery across geographies. The transaction remains subject to customary regulatory and shareholder approvals, including clearance from the Competition Commission of India and the National Company Law Tribunal, with an expected completion timeline of 15 months.