Happiest Minds Says US H-1B Visa Fee Hike to Have Negligible Impact

Happiest Minds Technologies Ltd. on Tuesday said the recent hike in H-1B visa fees in the US will have a negligible impact on its business and outlook. On Friday, US President Donald Trump announced the visa fee would rise to $100,000 from the current $2,000–$5,000.

The company’s co-chairman and CEO said in an exchange filing that only four and two representatives travelled to the US on H-1B visas in 2024 and 2025, respectively. He added that the company has built a robust offshore-centric delivery model over the past 14 years, with 94% of its staff based in India and nearly 95% of revenues generated outside onsite US operations. Future use of H-1B visas will depend on “the need for expertise and economics,” he said.