Update on new organizational structure and strategic initiatives
The company has announced major organizational and strategic initiatives during the quarter.
Happiest Minds has incorporated a new segment that is Generative AI business units (GBS) to
capitalize on the transformative impact of Gen AI.
Additionally, the existing Product Engineering Services (PES) and Digital business solution (DBS) segments will be combined into PDES business unit and there will be no change in Infrastructure Management and Security Services (IMSS). Going ahead, the company will have 3 business units: GBS, PDES and IMSS. The company continues to make progress in Gen AI and engaging with multiple customers for their transformation and enhancing efficiency.
Source: KR Choksey Report
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