Happiest Minds Technologies Limited has announced that the recent increase in H-1B visa fees will have a negligible business impact on its operations and business outlook.
Joseph Anantharaju, Co-Chairman & CEO, Happiest Minds, said, “In CY 2024 and CY 2025 till date, we had just 4 and 2 Happiest Minds, respectively, travel to the U.S. on H-1B visas. This is in line with our strategy to have a larger offshore footprint while reducing our visa dependencies. I would like to call this our ‘H-1B Outlier Advantage’, which sets us apart in the industry. We also expect other Indian IT service providers with higher H-1B dependence to adapt.”
Venkatraman Narayanan, Managing Director, Happiest Minds said, “Over the past 14 years, we have built a robust offshore-centric delivery model, with 94% of our people based in India and nearly 95% of our revenues generated outside of U.S. onsite operations. This strategic focus not only drives cost efficiencies but also enables us to consistently deliver high-quality digital solutions to our clients worldwide. Our offshore centricity is a key differentiator. We expect the proposed visa fee increase to have a negligible impact on our business. Our future utilization of H-1B visas will be guided purely based on the need for expertise and economics.”
