When was Persistent founded?

Persistent was founded in 1990 and raised its 1st funding round 15 years after it was founded.

Where is Persistent located?

Persistent is headquartered in Pune, India. It is registered at BHAGEERATH 402 SENAPATI BAPAT ROAD PUNE, PUNE, Maharashtra, India, 411016.

How many employees does Persistent have?

As of Mar 31, 2025, the latest employee count at Persistent is 24594.

Is Persistent a funded company?

Persistent is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on Dec 16, 2005.

When was the latest funding round of Persistent?

Persistent's latest funding was a $***** Series B round on Dec 16, 2005, with participation from 2 investors. Its primary sector is Management Consulting Services. In India, the Management Consulting Services sector has seen $282M in funding in 2026 to date.

What is the annual revenue of Persistent?

Annual revenue of Persistent is more than ₹1,000 Cr as on Mar 31, 2026

Where does Persistent rank among its competitors?

Persistent ranks 15th amongst 162604 active competitors, of which 1178 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Deloitte, which secured $3.3M in Nov, 2025.

Who are the top competitors of Persistent?

Persistent's top competitors include UST, IBM and Infosys. Among them, Deloitte secured the most recent funding round in November, 2025.

Persistent - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of IT suite, consulting, data analytics, and digital transformation services. Its other portfolio includes software product engineering, CX transformation, cloud & infrastructure management, security, and ERP services. The company is renowned for providing cutting-edge technology services and solutions to clients worldwide, helping them unlock new business opportunities through digital transformation.

Website: www.persistent.com
Social
Email ID: *****@persistent.com
Phone Number: +91 **********
Registered Address: BHAGEERATH 402 SENAPATI BAPAT ROAD PUNE, PUNE, Maharashtra, India, 411016

Key Metrics

Founded Year

1990

Location

Pune, India

Stage

Public

Total Funding

$18.8M in 1 round

Latest Funding Round

Series B, Dec 16, 2005, $*****

Investors

Gabriel Venture Partners & 9 more

Ranked

15^th among 162604 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

24,594 as on Mar 31, 2025

Investment & Acquisitions

HrdWyr & 26 more

Similar Companies

UST & 186638 more

Exit Details

Public

View Persistent's full profile

Persistent is associated with 11 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PERSISTENT SYSTEMS LIMITED CIN: L72300PN1990PLC056696 , India, Active	May 30, 1990	₹1,000+ Cr (As on Mar 31, 2026)	23029 (As on Apr 01, 2026)
PERSISTENT SYSTEMS AUSTRALIA PTY LTD CIN: 610819399 , Australia, Active	Feb 16, 2016	-	-
PERSISTENT TELECOM SOLUTIONS INC CIN: 14542522207 , United States, Active		-	-	-
Persistent Systems Germany GmbH CIN: HRB106835 , Germany, Active	Apr 10, 2019	-	25 (As on Mar 31, 2023)
PERSISTENT SYSTEMS UK LIMITED CIN: NI036899 , United Kingdom, Active	Sep 08, 1999	-	1 (As on Mar 31, 2023)
PERSISTENT SYSTEMS AND SOLUTIONS LIMITED CIN: U72900PN2008PLC132078 , India, Amalgamated	May 22, 2008	-	-
Capiot Software Private Limited CIN: U72200PN2014PTC226352 , India, Amalgamated	Jul 24, 2014	0 - ₹10 Cr (As on Mar 31, 2024)	7 (As on Feb 28, 2021)
PERSISTENT SYSTEMS PTE. LTD. CIN: 200706736G , Singapore, Active	Sep 12, 2008	-	-
Persistent Systems, Inc. CIN: 77-0584954 , United States, Active	Oct 04, 2019	-	1139 (As on Dec 31, 2023)	-
Persistent Systems Switzerland AG CIN: 601005 , Switzerland, Active	Dec 14, 2023	-	-	-
PERSISTENT SYSTEMS POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ CIN: 0001003355 , Poland, Active	Nov 21, 2022	-	-

Persistent got listed on Apr 06, 2010.

Click here to take a look at Persistent's IPO in detail

Persistent has raised a total funding of $18.8M over 1 round. Its latest funding round was a Series B round on Dec 16, 2005 for $*****. 2 investors participated in its latest round. Persistent has 10 institutional investors.

Here is the list of recent funding rounds of Persistent:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 16, 2005	7688406	Series B	9789629	1087822	5214466	6580721

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View details of Persistent's funding rounds and investors

The founders of Persistent is Anand Deshpande. Sandeep Kumar Kalra is the CEO of Persistent.

Here are the details of Persistent's key team members:

Anand Deshpande: Founder & Chairman of Persistent. They are also an angel investor in 4 startups and serve on the board of 1 company.
Contact Info: 1 email address

Persistent's Board of Directors

Persistent's board has 11 active members. Anand Deshpande and Sandeep Kumar Kalra are part of team and Praveen Purushottam Kadle, Arvind Hari Goel, Roshini Hemant Bakshi, Ajit Ranade, Ambuj Goyal, Sunil Yeshwant Sapre, Avani Vishal Davda, Praveen Kadle and Dan'l Donn Lewin are independent board members.

Here is the list of Persistent's board of directors:

Name	Type	Representing	Status	Duration
Anand Deshpande	Team	-	Current	22y 5m
kbddyoo	Team	-	Current	1y 8m
xhcmlmo	Team	-	Past	3y 9m
Praveen Purushottam Kadle	Independent board member	-	Current	6y 4m
vvvgljs	Independent board member	-	Current	2y 8m
iwhg{yj	Independent board member	-	Current	2y 3m
{sgkjdo	Independent board member	-	Current	8y 2m
alchrev	Independent board member	-	Current	2y 8m
eofelgh	Independent board member	-	Current	5y 7m
nxhpsko	Independent board member	-	Current	8y 2m
lzcqjul	Independent board member	-	Current	4y 1m
dajtgdq	Independent board member	-	Current	8y 8m
wcjmeab	Independent board member	-	Past	8y 6m
mapuwdj	Independent board member	-	Past	6y 5m
xkajuwk	Independent board member	-	Past	2y 9m
evjrglq	Independent board member	-	Past	6y 2m
ubomzyn	Independent board member	-	Past	9y 2m
w{skydl	Independent board member	-	Past	6y 3m
hzbrlxr	Independent board member	-	Past	5y 3m
pm{bobk	Independent board member	-	Past	2y 7m
nakovmf	Independent board member	-	Past	1y 2m
dhxjssd	Independent board member	-	Past	2y 6m
abapkdt	Independent board member	-	Past	5y 9m
wuveiii	Independent board member	-	Past	9y 9m
kpkdqfq	Independent board member	-	Past	3y 5m
jowuzvc	Independent board member	-	Past	8y 7m
dlfbwrt	Independent board member	-	Past	2y 4m
{wyodxz	Independent board member	-	Past	1y 5m
bpxcxrx	Independent board member	-	Past	6y 3m
zdkngkz	Independent board member	-	Past	4y 8m
ymkjhfo	Independent board member	-	Past	2y 2m
wpzx{ig	Independent board member	-	Past	2y 7m
wmmsncg	Independent board member	-	Past	5y 8m

View details of Persistent's Founder profiles and Board Members

Persistent's employee count trend

Persistent has 24,594 employees as of Mar 25. The total employee count is 12.0% more than what it was in Mar 24. Here is Persistent's employee count trend over the years:

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Top competitors of Persistent include UST, IBM and Infosys. Here is the list of Top 10 competitors of Persistent, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	UST 1999, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	76/100
2nd	IBM 1911, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and IT consulting services	-	Berkshire Hathaway, Runway & 22 others	76/100
3rd	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital & 1 others	75/100
4th	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Kleiner Perkins, Draper Athena & 3 others	74/100
5th	Deloitte 1845, London (United Kingdom), Unfunded	Provider of audit, consulting, financial advisory, risk management, and tax services	$21.4M	HILL HOUSE, Military Health & 8 others	74/100
6th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
7th	Happiest Minds Technologies 2011, Bengaluru (India), Public	Provider of IT suite services	$64.8M	Canaan, Trident Trust & 37 others	73/100
8th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	EQT, Back Bay Group & 8 others	73/100
9th	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	73/100
10th	EY 1989, London (United Kingdom), Funding Raised	Provider of professional services including assurance, consulting, strategy, transactions, and tax advisory	-	Tiberius Geldard, Hudson Pacific Capital & 7 others	73/100
15th	Persistent 1990, Pune (India), Public	Provider of IT suite, consulting, data analytics, and digital transformation services	$18.8M	India Capital Growth, Elevation Capital & 8 others	71/100

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Persistent has made 8 investments in companies including HrdWyr and Cazena. Persistent has also acquired 19 companies including Arrka and Starfish Associates.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 12, 2026	Investments	HrdWyr	2023	Bengaluru (India)
Sep 30, 2024	Acquisition	Arrka	2012	Mumbai (India)
Jul 03, 2024	Acquisition	Starfish Associates	2005	Bridgewater (United States)