Persistent Systems Limited: Company Market Research Report
Persistent Systems Limited is a global entity specializing in digital engineering and enterprise modernization. This report will provide an in-depth look into various aspects of the company based on the available data.
Company Overview
- Name: Persistent Systems Limited
- Mission: To be a trusted partner in digital engineering and enterprise modernization, helping clients to anticipate future challenges and transform digitally with innovative solutions.
- Founding Year and Founders: No information is available.
- Key People:
- Dr. Anand Deshpande, Founder, Chairman, and Managing Director
- Sandeep Kalra, Chief Executive Officer and Executive Director
- Sunil Sapre, Executive Director
- Avani Davda, Independent Director
- Other notable directors include Arvind Goel, Dr. Ambuj Goyal, Anjali Joshi, Praveen P Kadle, Dan’l Lewin, and Prof. Ajit Ranade
- Headquarters: Pune, India
- Number of Employees: Over 23,500 employees
- Revenue: $328.2 million for Q1 FY25, reflecting a 5.6% quarter-over-quarter and 16.0% year-over-year growth
- Company Recognition: Fastest growing IT services brand according to the 2024 Brand Finance India 100 Report
- Known For: Providing cutting-edge technology services across digital engineering, product development, AI-led innovations, and enterprise modernization.
Products and Services
Persistent Systems offers a diverse range of solutions and services in several key areas:
1. AI-Enabled Solutions:
- Persistent.AI: Provides solutions aimed at accelerating customer value creation across various industries through AI and machine learning.
2. Software Product Engineering:
- Focuses on designing, developing, and managing end-to-end product lifecycles for businesses, unlocking innovation and growth.
3. Cloud & Infrastructure:
- Offers hybrid and multi-cloud transformations, data center modernization, and intelligent IT operations leveraging industry-leading cloud platforms.
4. CX Transformation:
- Enhances customer experiences through strategic deployments of CRM and analytics platforms like Salesforce, providing solutions for end-to-end customer journey management.
5. Data & Analytics:
- Provides data advisory, modernization of data stacks, data science, and machine learning services, focusing on transforming business decision-making processes.
6. Enterprise IT Security:
- Delivers managed security services, risk and compliance solutions, and data protection strategies to secure business data across digital platforms.
7. Intelligent Automation:
- Offers business process management, robotic process automation (RPA), low-code application development, and AI-driven solutions to optimize business operations.
Recent Developments
- Acquisitions and Partnerships:
- Acquired Arrka, enhancing capabilities in data privacy and AI governance.
- Acquired Starfish Associates, strengthening its position in AI-powered contact centers and unified communications.
- Formed strategic partnerships with leading technology companies, including Google Cloud, to drive innovative solutions.
- Innovations:
- Launched the GenAI Hub, focusing on accelerated AI adoption and innovation across enterprises.
- Developed AI-driven platforms such as SASVA™ for digital engineering and iAURA for data solutions.
- Environmental Initiatives:
- Achieved carbon neutrality for Scope 1 and 2 emissions, aligned with the UN Sustainable Development Goals and aimed at net-zero emissions by 2050.
These developments highlight Persistent Systems' commitment to sustainability, innovation, and technological advancement. Persistent Systems continues to leverage its industry expertise to offer comprehensive, state-of-the-art digital solutions and maintain its growth trajectory while contributing to global efforts on sustainability and modernization.