Bengaluru-based technology company Happiest Minds will be hiring 900 new employees in the next three quarters. The percentage of employees who left their jobs in the June quarter stood at 14.7.
The percentage of employees who left their jobs in the June quarter stood at 14.7.
Happiest Minds hiring: Bengaluru-based software company Happiest Minds Technologies is planning to hire 300-300 employees each in the next three quarters. The top management of the company gave this information. The company has been facing a shortage of employees for some time now.
The 11-year-old company, promoted by Ashok Soota, had 14.7 percent of employees who left their jobs in the June quarter. In terms of such figures, TCS, the largest software company, had the least number of 8.6 per cent, followed by Infosys (13.9 per cent), Wipro (15.5 per cent).
Hiring 300 people every quarter
Joseph Anantaraju, executive vice president, Happiest Minds Technologies, told PTI, “We plan to hire 300 people each in the next three quarters of the current financial year. After inducting 310 new people, our total workforce stood at 3,538 till the June quarter and we expect to maintain the pace of hiring every quarter of the financial year.
Share closed at Rs 1423
Share of Happiest Minds closed this week at Rs 1423 level. The 52-week high is Rs 1580 and the lowest level is Rs 166. The market cap of the company is Rs 20,908 crore. The company’s net sales stood at 230.41 crore in the June quarter. There was an increase of more than 30 percent in this. Net profit rose by 28 percent to 35 crores.
Returns manifold over the issue price
The issue price of Happiest Minds Technologies was kept at Rs 165-166. The stock was listed at Rs 351 with a premium of 111 per cent. Since then this stock has never looked back. This stock has given returns of 5 per cent in the last one week, 22 per cent in one month and 313 per cent so far this year.
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