Persistent Systems is a global technology services company specializing in software product development and technology solutions. Established in 1990 and headquartered in Pune, India, the company operates across multiple sectors including healthcare, banking, financial services, telecommunications, and life sciences. Persistent offers a wide range of services such as digital transformation, data analytics, application development, product engineering, and data-driven insights, as well as cloud, security, and enterprise IT services. The company leverages cutting-edge technologies like artificial intelligence, machine learning, blockchain, and Internet of Things (IoT) to help clients stay competitive in a rapidly evolving digital landscape. Through strategic partnerships with major tech companies such as IBM, Microsoft, and Salesforce, Persistent Systems ensures the delivery of high-quality, scalable solutions that drive business growth and efficiency for its clients.
Key Strategic Focus
Persistent Systems focuses on delivering digital engineering and enterprise modernization services. The company specializes in areas such as digital strategy and design, software product engineering, customer experience transformation, cloud and infrastructure services, intelligent automation, enterprise IT security, enterprise integration, application development and management, data and analytics, and AI-driven solutions. Persistent serves various industries, including banking and financial services, insurance, healthcare and life sciences, software and hi-tech, and telecom and media.
Financials and Funding
In the fiscal year 2025, Persistent Systems reported revenue of $1,409.1 million, marking an 18.8% year-over-year increase, with an EBIT margin of 14.7%. The company has demonstrated consistent growth, achieving 20 sequential quarters of growth with $375.2 million in Q4 revenue, a 4.2% quarter-over-quarter increase.
Pipeline Development
Persistent Systems continues to expand its service offerings and technological capabilities through strategic acquisitions and partnerships. In 2024, the company acquired Starfish Associates, a developer of an enterprise communications automation platform, for $20 million. Additionally, Persistent declared its intention to acquire Arrka, a Pune-based data privacy management firm, for Rs 14.4 crore.
Technological Platform and Innovation
Persistent Systems leverages a range of proprietary technologies and scientific methodologies to deliver innovative solutions. The company's offerings include digital strategy and design, software product engineering, customer experience transformation, cloud and infrastructure services, intelligent automation, enterprise IT security, enterprise integration, application development and management, data and analytics, and AI-driven solutions. Persistent's cloud and infrastructure offerings encompass hybrid and multi-cloud transformation, data center modernization, Persistent Intelligent IT Operations (PiOps), and cloud advisory services.
Leadership Team
- Anand Deshpande: Founder and Chairman, established Persistent Systems in 1990.
- Sandeep Kumar Kalra: Chief Executive Officer and Executive Director since October 2020.
- Vinit Teredesai: Chief Financial Officer, appointed in May 2024.
- Dhanashree Ajit Bhat: Chief Operating Officer, appointed in December 2023.
- Debashis Singh: Chief Technology Officer, appointed in October 2022.
- Pandurang Kamat: Chief Technology Officer, appointed in October 2019.
Leadership Changes
In May 2024, Persistent Systems appointed Vinit Teredesai as Chief Financial Officer, succeeding Sunil Sapre. In December 2023, Dhanashree Ajit Bhat was appointed as Chief Operating Officer.
Competitor Profile
Market Insights and Dynamics
The IT services and consulting industry is highly competitive, with numerous players offering a wide range of services. The market is characterized by rapid technological advancements, increasing demand for digital transformation, and a focus on AI and cloud-based solutions.
Competitor Analysis
Persistent Systems faces competition from several key players in the IT services and consulting industry, including:
- Tata Consultancy Services (TCS): A leading global IT services, consulting, and business solutions organization.
- Infosys: A global leader in technology services and consulting.
- Wipro: A multinational corporation providing information technology, consulting, and business process services.
- HCL Technologies: A global IT services company offering services in software-led IT solutions, remote infrastructure management, engineering and R&D services, and business process outsourcing.
- Cognizant: A multinational corporation providing IT services, including digital, technology, consulting, and operations services.
Strategic Collaborations and Partnerships
Persistent Systems has established strategic partnerships with major technology companies to enhance its service offerings and market position. In 2025, the company partnered with Flipkart Commerce Cloud to leverage AI in developing data-driven solutions. Additionally, Persistent collaborated with Google Cloud Platform to launch Pi-OmniKG, a biomedical data-specific knowledge graph framework, and with Microsoft to introduce ContractAssIst, an AI-driven contract management solution.
Operational Insights
Persistent Systems differentiates itself through its deep technical expertise, client-centric approach, and commitment to driving tangible business outcomes. The company's focus on digital engineering and enterprise modernization, coupled with strategic partnerships and a strong leadership team, positions it competitively in the IT services and consulting industry.
Strategic Opportunities and Future Directions
Persistent Systems aims to continue its growth trajectory by expanding its service offerings, investing in emerging technologies, and strengthening strategic partnerships. The company's focus on AI-driven solutions, cloud transformation, and digital engineering positions it to capitalize on the increasing demand for digital transformation services across various industries.
Contact Information
- Website: www.persistent.com
- LinkedIn: Persistent Systems LinkedIn
- Headquarters: Pune, Maharashtra, India
