Persistent Systems

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Persistent Systems Limited
Traded as BSE533179
Industry Computer Services
Founded 1990
Headquarters Pune, India
Key people
Dr. Anand Deshpande, Chairman, MD & CEO
Mr. Mritunjay Singh, Executive Director & COO
Dr. Siddhartha Chatterjee, CTO
Dr. Abhay Jere, Head, Persistent LABS
Mr. Sunil Sapre, CFO
Mr. Amit Atre, Company Secretary and Head — Legal and Investor Relations
Mr. Sameer Bendre, Chief People Officer
Mr. Ranga Puranik, President, Persistent Systems Inc.
Revenue 19.85 billion (US$290 million) (2015)[1]
Number of employees

Persistent Systems was incorporated as Persistent Systems Private Limited on May 30, 1990. It was subsequently converted into a public Limited company on September 17, 2010 with the name Persistent Systems Limited and a new certificate of incorporation was issued on September 28, 2007 from the RoC.

Shares in the company were listed on the National Stock Exchange of India in March 2010.[2] The operations of Nagpur-based Infospectrum India Private, an outsourced private development of US company Infospectrum, were taken over by Persistent in February 2011.[3]


Pingala-Aryabhata, Persistent

Persistent has facilities in three continents, with nine development centers in Europe (Grenoble), America and Asia. In India, Persistent operates from Pune and houses teams of development engineers in three facilities, named Bhageerath, Pingala-Aryabhata and Hinjewadi (known as Veda Complex and consists of 4 towers named as Atharavaved, Samved, Yajurved & Rugved), which are within a few miles of one another. Its other offices are spread across Nagpur, Goa, Hyderabad and Bangalore.

The company also owns offices in Singapore, Kuala Lumpur, Tokyo, Sydney, Toronto, Santa Clara, San Jose, Bellevue, Seattle, Victoria, Boston, Dallas, Ohio, Illinois, Quebec, Charlotte, Netherlands, France, London and Scotland.

Collaborations and Acquisitions[edit]

2016: Persistent product arm Accelerite purchases Citrix' Products CloudPlatform ( Based on Apache Cloud Stack) and CloudPortal Business manager

2015: Persistent Systems completed the acquisition of the digital content management solutions business of US-based Akumina.

2012: Persistent Systems Strengthens Product Maintenance & Support Business; Acquires Openwave’s Location Business
2011: Persistent acquires OPD business of Infospectrum, Inc and its subsidiary — Infospectrum India Private Limited.
2011: Sprint Nextel Corporation [NYSE:S] and Persistent Systems enter into a Joint Venture
2011: Persistent Systems acquires French Software Business from Agilent Technologies
2011: Persistent Systems Continues to Expand Footprint in Japan; Enters into a Strategic Partnership with Realcom
2011: Dassault Systèmes Partners with Persistent Systems in India
2009: Agilent Collaborates with Persistent Systems, Joins to Promote Multivendor Chromatography System Interoperability


External links[edit]