Established in: 1990
Managing Director: Anand Deshpande
Persistent Systems Limited is a multinational technology company, headquartered in Pune, Maharashtra. It was established in 1990 and offers enterprise modernisation, software development, and AI-driven engineering services. The company has over 23,000 employees with offices in around 21 countries.
Persistent Systems Limited launched its IPO and went public in March 2010, raising around ₹168 crores with shares offered at ₹310 per share. The company is now listed on the BSE and NSE.
History of Persistent Systems Limited
Persistent Systems Limited was initially founded as Persistent Systems Private Limited by Dr Anand Deshpande. The company was established to provide solutions for complex software challenges. The company received its first institutional funding of $1 million from Intel Capital in 2000.
In 2005, Persistent Systems Limited raised around $18.8 million for global expansion from Norwest Venture Partners and Gabriel Venture Partners. In 2007, the company turned into a public limited company, changing its name to Persistent Systems Limited
In 2010, Persistent Systems Limited launched its IPO and was listed on the BSE and the NSE. In 2014, the company incorporated a Silicon Valley-based subsidiary named Accelerite to serve as its dedicated software products arm.
Persistent Systems Limited operates in around 21 countries and has more than 23,000 employees globally. The company serves as a Digital Engineering and Enterprise Modernisation partner for various sectors such as banking, healthcare and technology.
Business Segments of Persistent Systems Limited
The following are the business segments of Persistent Systems Limited.
This is the core business segment of the company and is the largest revenue-generator. The company focuses on offering digital engineering, platform modernisation, and consulting services to independent software vendors and tech firms.
- Banking, Financial Services and Insurance (BFSI)
Persistent Systems Limited caters to companies belonging to the financial services sector, helping them digitalise operations, manage risk, and provide a modern customer experience. It offers digital banking transformation, wealth management platforms, claim management modernisation and compliance automation solutions.
Persistent Systems Limited collaborates with healthcare providers, payors and life sciences companies to develop and modernise digital healthcare solutions. The company provides solutions such as Patient experience transformation, medical technology software, clinical data analytics, and regulatory compliance platforms.
Subsidiaries of Persistent Systems Limited
The following are the subsidiaries of Persistent Systems Limited.
- Persistent Systems, Inc.
- Persistent Systems UK Limited (formerly Aepona Limited)
- Persistent Systems Switzerland AG (formerly PARX Werk AG)
- Persistent Systems S.R.L.
- Persistent Systems Pte Ltd
- Arrka Infosec Private Limited
- Persistent Systems Poland Sp. z o.o.
- Persistent Systems México, S.A. de C.V.
- Persistent Systems Malaysia Sdn. Bhd.
- Persistent Systems Lanka (Private) Limited
- Persistent Systems Israel Ltd.
- Aepona Group Limited
- Persistent Systems Germany GmbH
- Persistent Systems France SAS
- Persistent Systems Costa Rica Limitada
- Persistent Systems Australia Pty. Ltd.
- Persistent India Foundation
- MediaAgility UK Ltd.
- MediaAgility Pte Ltd.
- MediaAgility India Private Limited
- MediaAgility Inc.
- Digitalagility S. DE R.L. de C.V.
Awards and Recognition Received by Persistent Systems Limited
The following are the awards and recognition received by Persistent Systems Limited.
- CII Award for Excellence in Disability Inclusion
- CNBC TV18's India Business Leader Awards, Lifetime Achievement Award
- ISG Star of Excellence, Data & AI Award
- Everest Group Software Product Engineering Services, PEAK Matrix Leader
- Google Cloud Infrastructure Modernisation Partner of the Year
- Everest Group Elevate Honours Growth, Honour of the Year
Persistent Systems Financial Highlights
- Revenue: Persistent Systems reported revenue of ₹14,928.88 crore in FY26 vs ₹12,076.87 crore in FY25. It showed an increase of 23.62% on a yearly basis.
- Operating Profit: Persistent Systems reported an operating profit of ₹2,411.21 crore in FY26 vs ₹1,822.31 crore in FY25. It showed an increase of 32.32% on a year-on-year basis.
- Net Profit: Persistent Systems reported a net profit of ₹1,865.12 crore in FY26 vs ₹1,400.16 crore in FY25. It showed an increase of 33.21% on a yearly basis.
Persistent Systems Quarterly Result Highlights
- Persistent Systems reported revenue of ₹4,089.43 crore in Mar 2026, compared with ₹3,818.71 crore in Dec 2025, representing an increase of 7.09% on a quarter-on-quarter (QoQ) basis.
- Persistent Systems reported an operating profit of ₹673.98 crore in Mar 2026, compared with ₹564.99 crore in Dec 2025, representing an increase of 19.29% on a quarter-on-quarter (QoQ) basis.
- Persistent Systems reported a profit of ₹529.26 crore in Mar 2026, compared with ₹439.45 crore in Dec 2025, reflecting an increase of 20.44% on a QoQ basis.
- The earnings per share (EPS) of Persistent Systems stood at ₹119.74 during Mar 2026.
