Happiest Minds Technologies shareholders and shareholding pattern

NSE: HAPPSTMNDSBSE: 543227IT - SoftwareSmall Cap

₹301.15₹6.35 (2.07%)BSE ₹301.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹307.50.

52-week range of traded prices to 23 Oct 2026

₹299.00Low, 8 Oct 2026₹531.00High, 29 Oct 2025

Market cap: ₹4,586 Cr732nd largest listed
P/E: 20.6
P/B: 2.7
Dividend yield: 2.13%
ROE: 13.7%
ROCE: 10.9%
Debt to equity: 0.84
Volume, NSE: 5,20,51936.8% delivered

Who owns Happiest Minds Technologies, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2020; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters44.21%
Foreign institutions6.51%
Indian institutions3.22%
GovernmentsNone
Individuals and others44.84%
Employee trusts1.22%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Employee trusts

Per cent	Sep 2020Filed 10 Oct	Dec 2020Filed 12 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 21 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 12 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 12 Jan	Mar 2023Filed 14 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 13 Oct	Dec 2023Filed 12 Jan	Mar 2024Filed 17 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 18 Jan	Mar 2025Filed 19 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 18 Oct	Dec 2025Filed 14 Jan	Mar 2026Filed 14 Apr	Jun 2026Filed 14 Jul	Sep 2026Filed 15 Oct
	53.25%	53.25%	53.25%	53.25%	53.25%	53.25%	53.26%	53.25%	53.25%	53.25%	53.24%	53.24%	51.35%	50.24%	50.24%	44.22%	44.22%	44.22%	44.21%	44.21%	44.21%	44.21%	44.21%	44.21%	44.21%
Indian promoters	53.25%	53.25%	53.25%	53.25%	53.25%	53.25%	53.26%	53.25%	53.25%	53.25%	53.24%	53.24%	51.35%	50.24%	50.24%	44.22%	44.22%	44.22%	44.21%	44.21%	44.21%	44.21%	44.21%	44.21%	44.21%
	46.75%	46.75%	46.75%	43.45%	43.58%	43.72%	43.85%	43.98%	44.09%	44.15%	44.26%	44.47%	46.50%	47.66%	47.84%	53.99%	54.13%	54.25%	54.32%	54.39%	54.43%	54.45%	54.47%	54.55%	54.57%
	–	–	–	–	–	–	–	–	3.94%	4.08%	4.14%	4.52%	5.14%	5.05%	4.69%	5.30%	5.33%	5.34%	5.04%	5.33%	5.39%	5.89%	5.94%	6.00%	6.51%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	3.94%	3.94%	4.03%	4.41%	5.03%	4.94%	4.56%	4.76%	5.02%	5.11%	4.81%	5.12%	5.16%	5.64%	5.68%	5.76%	5.30%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	0.00%	0.13%	0.12%	0.11%	0.11%	0.11%	0.13%	0.55%	0.31%	0.23%	0.23%	0.21%	0.23%	0.25%	0.26%	0.24%	1.21%
Other foreign institutions	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	–	–	–	–	–	–	–	–	1.49%	1.32%	1.26%	1.26%	2.42%	2.41%	2.58%	2.86%	4.18%	6.08%	10.59%	10.57%	10.20%	9.63%	8.99%	5.66%	3.22%
Mutual funds	6.47%	6.17%	6.57%	3.26%	1.47%	1.28%	1.03%	1.01%	1.07%	0.91%	0.78%	0.78%	1.33%	1.18%	1.32%	1.46%	2.66%	3.67%	8.37%	8.31%	7.90%	7.56%	7.00%	4.42%	1.56%
Insurance companies	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.41%	0.41%	0.47%	0.48%	1.10%	1.23%	1.25%	1.32%	1.51%	2.23%	2.21%	2.26%	2.30%	2.06%	1.97%	1.24%	1.24%
Banks	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Alternative investment funds	0.80%	0.16%	0.20%	0.22%	0.16%	0.00%	0.00%	Under 0.01%	0.00%	Under 0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.07%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.02%	Under 0.01%	0.42%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.17%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	38.66%	38.76%	38.85%	38.69%	38.94%	40.20%	40.57%	45.83%	44.61%	42.84%	38.70%	38.49%	38.84%	38.93%	39.53%	42.89%	44.84%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	27.90%	28.03%	28.13%	28.04%	28.74%	29.61%	30.14%	34.19%	33.19%	32.43%	30.93%	30.86%	31.31%	32.30%	33.02%	36.56%	38.37%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	2.54%	2.54%	2.56%	2.49%	2.19%	2.36%	2.31%	2.22%	2.43%	2.26%	2.50%	2.06%	1.93%	1.71%	1.59%	1.60%	1.47%
Companies	–	–	–	–	–	–	–	–	3.88%	3.89%	3.88%	3.88%	3.87%	4.14%	4.08%	5.21%	4.83%	4.21%	1.63%	1.94%	1.97%	1.26%	1.38%	0.99%	1.10%
Non-resident Indians	–	–	–	–	–	–	–	–	2.46%	2.50%	2.52%	2.35%	2.31%	2.34%	2.33%	2.35%	2.31%	2.29%	2.17%	2.14%	2.15%	2.17%	2.14%	2.21%	2.28%
Foreign nationals	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%
Directors and their relatives	–	–	–	–	–	–	–	–	1.20%	1.20%	1.20%	1.20%	1.11%	0.99%	0.99%	0.96%	0.95%	0.77%	0.65%	0.65%	0.64%	0.64%	0.53%	0.54%	0.54%
Key managers	–	–	–	–	–	–	–	–	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%
	–	–	–	–	–	–	–	–	0.64%	0.55%	0.52%	0.53%	0.53%	0.57%	0.54%	0.70%	0.71%	0.68%	0.63%	0.64%	0.64%	0.67%	0.68%	0.80%	0.90%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	0.04%	0.03%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Trusts	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	0.61%	0.53%	0.50%	0.52%	0.53%	0.57%	0.54%	0.69%	0.71%	0.68%	0.63%	0.64%	0.64%	0.67%	0.67%	0.80%	0.90%
Employee trusts	–	–	–	3.30%	3.16%	3.02%	2.90%	2.78%	2.67%	2.61%	2.50%	2.28%	2.15%	2.10%	1.92%	1.79%	1.65%	1.52%	1.46%	1.40%	1.36%	1.34%	1.32%	1.24%	1.22%
Promoter shares pledgedShare of the promoters' own shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.50%	7.01%	7.01%	7.01%	7.17%	7.17%	8.14%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	0.00%	0.00%
Shares in issue	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	14,68,63,556	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811	15,22,74,811
Shares locked in	10,26,79,521	8,36,48,980	8,36,48,980	8,36,48,980	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	0	0	0	0	0	0	–	–	–	–	–	–	–
Promoters' shares locked in	7,82,11,953	7,82,11,953	7,82,11,953	7,82,11,953	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	2,93,72,712	0	0	0	0	0	0	–	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Happiest Minds Technologies shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Sep 2020Filed 10 Oct	Dec 2020Filed 12 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 21 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 12 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 12 Jan	Mar 2023Filed 14 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 13 Oct	Dec 2023Filed 12 Jan	Mar 2024Filed 17 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 18 Jan	Mar 2025Filed 19 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 18 Oct	Dec 2025Filed 14 Jan	Mar 2026Filed 14 Apr	Jun 2026Filed 14 Jul	Sep 2026Filed 15 Oct
All shareholders	1,75,616	1,93,310	2,06,848	3,43,534	5,27,509	6,04,037	6,75,122	7,18,636	7,19,197	7,12,848	7,11,568	6,96,794	7,28,317	7,36,130	7,32,253	7,59,641	7,28,443	7,07,146	6,87,788	6,79,128	6,64,262	6,50,749	6,42,274	6,40,983	6,37,228
	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Indian promoters	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
	1,75,610	1,93,304	2,06,842	3,43,527	5,27,502	6,04,030	6,75,115	7,18,629	7,19,190	7,12,841	7,11,561	6,96,787	7,28,310	7,36,123	7,32,246	7,59,634	7,28,436	7,07,139	6,87,781	6,79,121	6,64,255	6,50,742	6,42,267	6,40,976	6,37,221
	–	–	–	–	–	–	–	–	101	106	107	109	110	110	108	108	103	93	102	99	101	104	89	88	86
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	100	98	99	104	105	105	104	102	95	85	95	94	94	96	81	80	77
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	0	7	7	5	5	5	4	6	8	8	7	5	7	8	8	8	9
Other foreign institutions	–	–	–	–	–	–	–	–	1	1	1	0	0	0	0	0	0	0	–	0	0	0	0	0	0
	–	–	–	–	–	–	–	–	18	19	19	18	20	18	24	28	26	28	27	27	28	25	19	17	19
Mutual funds	14	10	13	13	12	12	11	13	14	14	14	14	13	11	15	16	15	14	16	16	17	16	9	8	8
Insurance companies	–	–	–	–	0	0	0	0	2	1	1	1	3	4	5	5	6	7	7	7	7	5	4	3	3
Banks	–	–	–	–	–	–	–	–	0	0	0	0	1	1	1	2	1	1	1	0	0	0	0	0	0
Alternative investment funds	5	3	2	4	4	0	0	1	0	1	1	0	0	0	0	2	2	2	1	1	1	1	2	2	4
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	2	3	3	3	3	2	3	3	2	4	2	3	3	3	4	4	4
	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	2
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	2
Government-promoted companies	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	1	1	1	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	7,19,071	7,12,716	7,11,435	6,96,660	7,28,180	7,35,995	7,32,114	7,59,497	7,28,306	7,07,017	6,87,651	6,78,994	6,64,125	6,50,612	6,42,158	6,40,870	6,37,114
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	7,04,975	6,98,549	6,97,138	6,82,422	7,13,323	7,20,831	7,17,044	7,42,997	7,12,099	6,91,134	6,72,292	6,63,747	6,48,942	6,35,515	6,27,222	6,25,580	6,21,601
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	16	16	16	15	13	15	14	14	15	14	16	14	13	12	11	11	10
Companies	–	–	–	–	–	–	–	–	841	838	808	813	888	914	842	1,079	1,003	983	885	893	880	837	797	835	879
Non-resident Indians	–	–	–	–	–	–	–	–	7,462	7,531	7,652	7,684	7,914	8,070	8,203	8,389	8,354	8,268	8,134	8,073	8,122	8,129	8,095	8,214	8,317
Foreign nationals	–	–	–	–	–	–	–	–	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Directors and their relatives	–	–	–	–	–	–	–	–	7	7	7	7	7	7	7	7	6	6	5	6	6	6	6	6	7
Key managers	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2
	–	–	–	–	–	–	–	–	5,768	5,773	5,812	5,716	6,032	6,155	6,001	7,008	6,826	6,609	6,316	6,258	6,158	6,109	6,023	6,220	6,296
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	100	79	69	10	7	4	3	6	8	9	7	6	7	1	1	2	1
Trusts	–	–	–	–	–	–	–	–	3	3	4	5	5	4	5	7	6	6	5	6	6	6	6	5	5
Hindu undivided families	–	–	–	–	–	–	–	–	5,665	5,691	5,739	5,701	6,019	6,147	5,993	6,995	6,812	6,594	6,304	6,246	6,145	6,102	6,016	6,213	6,290
Employee trusts	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1

Happiest Minds Technologies promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is ASHOK SOOTA, 32.34%.Promoter buying and selling

Holder
ASHOK SOOTAIndividuals and Hindu undivided families	32.34%	4,92,45,787
ASHOK SOOTA MEDICAL RESEARCH LLPIndian companies, trusts and others	11.79%	1,79,48,784
USHA SAMUELIndividuals and Hindu undivided families	0.05%	74,060
DEEPAK SOOTAIndividuals and Hindu undivided families	0.02%	32,442
VEENA SOOTAIndividuals and Hindu undivided families	0.01%	8,053
KUNKU SOOTAIndividuals and Hindu undivided families	0.01%	14,274

No promoter shares are reported as pledged. Some promoter shares are under a non-disposal undertaking: a promise to a lender not to sell them while it stands.

Largest public holders of Happiest Minds Technologies, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Happiest Minds Technologies

Holder	Sep 2020Filed 10 Oct	Dec 2020Filed 12 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 21 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 12 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 12 Jan	Mar 2023Filed 14 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 13 Oct	Dec 2023Filed 12 Jan	Mar 2024Filed 17 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 18 Jan	Mar 2025Filed 19 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 18 Oct	Dec 2025Filed 14 Jan	Mar 2026Filed 14 Apr	Jun 2026Filed 14 Jul	Sep 2026Filed 15 Oct
Plutus Wealth Management LLPCompanies	1.29%	1.70%	2.04%	2.04%	1.70%	1.70%	1.70%	3.27%	3.40%	3.40%	3.40%	3.40%	3.28%	3.61%	3.61%	3.71%	3.71%	2.96%	–	–	–	–	–	–	–
MORGAN STANLEY INVESTMENT FUNDS EMERGING LEADERS EInstitutions Foreign Portfolio Investor	–	–	–	–	1.06%	1.24%	1.24%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOVERNMENT OF SINGAPOREInstitutions Foreign Portfolio Investor	1.40%	2.06%	2.57%	1.88%	1.35%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
NUGGEHALLI KRISHNAMACHARYA SRIRANGANARAYANANResident individuals, over ₹2 lakh at face value	3.88%	3.63%	3.46%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOLDMAN SACHS INDIA LIMITEDInstitutions Foreign Portfolio Investor	–	1.03%	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.