Happiest Minds-ITC Infotech Deal: Leadership Breaks Down Synergies, Valuation & More

In an interaction with NDTV Profit, Happiest Minds Technologies leadership—MD Venkatraman Narayanan and Co-Chairman & CEO Joseph Anantharaju—discussed the strategic drivers behind the merger with ITC Infotech, creating a combined entity valued at Rs 18,000 crore. The deal leverages ITC Group’s legacy of value creation, robust corporate governance, and its practice of distributing 80% of profits as dividends. Discussions had been underway for a while, securing a valuation premium for promoters and shareholders while aligning customer and people interests. Additionally, the transaction enables Happiest Minds founder Ashok Soota to raise capital for his healthcare venture.