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Happiest Minds merges with ITC Infotech for growth

PRIVATESep 01, 2026•6 days ago

Acquiring Company

Happiest Minds Technologies

Acquired Company

ITC Infotech

BengaluruBengaluruInformation TechnologySoftwareinformation technology & servicesInformation TechnologyConsultinginformation technology & services

Description

Happiest Minds Technologies has announced its merger with ITC Infotech to enhance their capabilities in securing larger deals. The merger, valued at Rs 1,330 crore, aims to create a stronger tech services platform in the competitive global market. With ITC holding a significant 73.4% stake, both companies expect to leverage synergies to improve their positions. This move aligns with a trend of consolidation among Indian services firms amid economic challenges.

Company Information

Company

Happiest Minds Technologies

Location

Madiwala Market Road

Bengaluru, Karnataka, India

About

Happiest Minds' Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics /drones, security, virtual/augmented reality, etc. Positioned as 'Born Digital. Born Agile', our capabilities span digital solutions, infrastructure, product engineering and security. We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail, and travel/transportation/hospitality. A Great Place to Work-CertifiedTM company, Happiest Minds is headquartered in Bangalore, India with operations in the U.S., UK, Canada, Australia, and Middle East. Media Contact: media@happiestminds.com Logo: https://mma.prnewswire.com/media/1812236/Happiest_Minds_Logo.jpg SOURCE Happiest Minds Technologies Limited

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired ITC Infotech?

ITC Infotech was acquired by Happiest Minds Technologies, based in Bengaluru. The deal was reported on September 1, 2026. Happiest Minds Technologies is privately held and operates in Information Technology.

When did Happiest Minds Technologies acquire ITC Infotech?

Happiest Minds Technologies's acquisition of ITC Infotech was reported on September 1, 2026. Happiest Minds Technologies has announced its merger with ITC Infotech to enhance their capabilities in securing larger deals. The merger, valued at Rs 1,330 crore, aims to create a stronger tech services platform in the competitive global market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ITC Infotech do?

ITC Infotech is a leading global technology services and solutions provider, led by Business and Technology Consulting. It is privately held, operating in Information Technology, and is based in Bengaluru.

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