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Persistent Systems Reviews

Pune, Maharashtra

5.0/ 5

2 reviews

Persistent Systems Limited is an Indian multinational technology company that serves as a trusted digital engineering and enterprise modernization partner to businesses across the globe. Founded in 1990 by Anand Deshpande with an initial investment of $21,000, the company is headquartered in Pune, Maharashtra, India. Over more than three decades, it has evolved into a global IT services and software solutions provider with a significant international footprint, employing over 26,000 personnel across 18 to 21 countries including the United States, Canada, the United Kingdom, and Mexico. The company's core operations are organized across several major industry verticals, including Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences, and Software, Hi-Tech, and Emerging Industries. Persistent specializes in delivering a comprehensive suite of advanced technology solutions, with primary proficiencies focused on product and platform engineering, cloud computing, data analytics, artificial intelligence, intelligent automation, and customer experience (CX) transformation. It leverages strong strategic partnerships with major technology ecosystem providers such as Amazon Web Services (AWS), Salesforce, IBM, ServiceNow, and Appian to design and deploy specialized frameworks and pre-built integration tools that accelerate digital transformation journeys for its clients. Financially, Persistent Systems is a publicly held corporation traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India under the ticker PERSISTENT (BSE: 533179). It completed its initial public offering in March 2010. Demonstrating consistent financial growth, the company transitioned into a billion-dollar enterprise, reporting a consolidated revenue from operations of ₹11,938 crore (approximately US$1.2 billion) for the fiscal year 2025, with a net income of ₹1,400 crore. Additionally, trailing twelve-month figures up to early 2026 reflect an expanded revenue baseline of $1.67 billion. The company's leadership structure features founder Anand Deshpande serving as the Chairman and Managing Director, alongside Sandeep Kalra as Chief Executive Officer and Vinit Teredesai as Chief Financial Officer. Persistent’s growth strategy has historically been augmented by targeted international acquisitions designed to bolster its capabilities in cloud-native platforms, internet of things (IoT), and digital health. Notable recent acquisitions include companies such as MediaAgility, Data Glove, Software Corporation International, and Starfish Associates. Widely recognized in industry circles, Persistent Systems has achieved distinct accolades, including being named a Challenger in the Gartner Magic Quadrant for Public Cloud IT Transformation Services and recognized as a Leader and Star Performer in Everest Group's Software Product Engineering Services PEAK Matrix.