Happiest Minds Technologies Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

PureSoftware, a fully owned subsidiary of Happiest Minds, a leading global provider of software products and digital services, has strengthened its position in the Digital Lending space with its flagship Banking-as-a-Service (BaaS) platform, Arttha.

Arttha empowers major banks, financial institutions, and telecommunications companies to optimize their payment and lending processes by offering cutting-edge products, including retail loans, working capital financing, invoice financing, B2B loans, micro-lending, and Buy Now, Pay Later (BNPL) options. This platform enhances credit decision-making, effectively mitigates risks, and delivers a seamless digital loan origination experience. By digitizing the entire credit journey, Arttha has driven increased digital engagement, improved access to working capital, and maximized operational efficiency.

Currently, the platform serves customers in 20 markets, reaching over 150 million users globally. This remarkable achievement has garnered recognition from esteemed organizations, including The Digital Banker, which awarded Arttha the title “Best Digital Lending Solution,” along with other honors such as “Best Banking-as-a-Service Platform of the Year.”

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Net profit of Happiest Minds Technologies declined 15.29% to Rs 49.52 crore in the quarter ended September 2024 as against Rs 58.46 crore during the previous quarter ended September 2023. Sales rose 28.29% to Rs 521.64 crore in the quarter ended September 2024 as against Rs 406.62 crore during the previous quarter ended September 2023.

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Happiest Minds Technologies announced that the Board of Directors of the Company at its meeting held on 13 November 2024, inter alia, have recommended the interim dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

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Happiest Minds Technologies has fixed 26 November 2024 as record date for payment of interim dividend for FY 2024-25.

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