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.

Who is the current CEO of Persistent?

Sandeep Kumar Kalra of Persistent. They are also an angel investors in 1 startup.

How many employees does Persistent have?

As of May 31, 2025, the latest employee count at Persistent is 20909.

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.

What is the annual revenue of Persistent?

Annual revenue of Persistent is ₹12,100Cr as on Mar 31, 2025.

Where does Persistent rank among its competitors?

Persistent ranks 16th amongst 139319 active competitors, of which 1129 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Accenture, which secured an undisclosed amount in Mar, 2024.

Who are the top competitors of Persistent?

Persistent's top competitors include IBM, UST and Mindtree. Among them, Accenture secured the most recent funding round in March, 2024.

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

Persistent is a public company based in Pune (India), founded in 1990 by Anand Deshpande. It operates as a Provider of IT suite, consulting, data analytics, and digital transformation services. Persistent has raised $18.8M in funding from Gabriel Venture Partners and Norwest. The company has 139319 active competitors, including 1129 funded and 8257 that have exited. Its top competitors include companies like IBM, UST and Mindtree.

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
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 & 8 more

Ranked

16^th among 139319 active competitors

Annual Revenue

₹12,100Cr as on Mar 31, 2025

Employee Count

20,909 as on May 31, 2025

Investment & Acquisitions

HrdWyr & 26 more

Similar Companies

IBM & 163347 more

Exit Details

Public

View Persistent's full profile

Persistent is associated with 5 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	$1.43B (As on Mar 31, 2025)	20909 (As on May 31, 2025)
PERSISTENT SYSTEMS LIMITED CIN: 32082055040 , United States, Active		-	-	-
Persistent Systems Germany GmbH CIN: HRB106835 , Germany, Active	Apr 10, 2019	-	25 (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	$106 (As on Mar 31, 2024)	7 (As on Feb 28, 2021)

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 9 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	5459488	Series B	2044547	4395236	7343553	1820885

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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 & Managing Director & 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
Sandeep Kumar Kalra: CEO of Persistent. They are also an angel investor in 1 startup 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, Avani Vishal Davda, Ajit Ranade, Ambuj Goyal, Sunil Yeshwant Sapre, 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 2m
rvmywnc	Team	-	Current	9y 5m
ikrcsia	Team	-	Past	8y 9m
Praveen Purushottam Kadle	Independent board member	-	Current	6y 0m
hlidhjq	Independent board member	-	Current	9y 7m
yhmqwhi	Independent board member	-	Current	5y 6m
iqmfofa	Independent board member	-	Current	5y 9m
dzqyst{	Independent board member	-	Current	3y 4m
ohivcfb	Independent board member	-	Current	9y 1m
junff{h	Independent board member	-	Current	3y 7m
vmwh{zm	Independent board member	-	Current	2y 4m
cjqagvv	Independent board member	-	Current	3y 7m
uamsrqb	Independent board member	-	Past	1y 4m
kmrbwvt	Independent board member	-	Past	9y 2m
utbbabc	Independent board member	-	Past	4y 3m
pixniwu	Independent board member	-	Past	9y 2m
bdwvcur	Independent board member	-	Past	5y 5m
obtrxiz	Independent board member	-	Past	6y 2m
iulbv{i	Independent board member	-	Past	7y 7m
loktlst	Independent board member	-	Past	1y 2m
hwipzum	Independent board member	-	Past	8y 9m
jlzrgvm	Independent board member	-	Past	2y 7m
yhgmotf	Independent board member	-	Past	1y 2m
nvddkhv	Independent board member	-	Past	6y 7m
oqfmers	Independent board member	-	Past	6y 9m
gpdtmyg	Independent board member	-	Past	5y 8m
skpbkbw	Independent board member	-	Past	6y 7m
woccahw	Independent board member	-	Past	2y 6m
jsgvwae	Independent board member	-	Past	5y 9m
czvlrxd	Independent board member	-	Past	2y 2m
rykkkqz	Independent board member	-	Past	1y 2m
wuhrae{	Independent board member	-	Past	1y 3m
{bqyaaa	Independent board member	-	Past	1y 9m

View details of Persistent's Founder profiles and Board Members

Persistent's employee count trend

Persistent has 20,909 employees as of May 25. The total employee count is 3.0% more than what it was in May 24. Here is Persistent's employee count trend over the years:

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Top competitors of Persistent include IBM, UST and Mindtree. 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	IBM 1911, United States, Public	Provider of hybrid cloud, artificial intelligence, and consulting services	-	Berkshire Hathaway, Runway & 17 others	80/100
2nd	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	80/100
3rd	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Capital Group ... & 9 others	79/100
4th	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Draper Athena, Kleiner Perkins & 2 others	79/100
5th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	76/100
6th	Happiest Minds 2011, Bengaluru (India), Public	Provider of IT suite services	$64.8M	Canaan, Trident Trust & 40 others	76/100
7th	Infosys 1981, Bengaluru (India), Public	Provider of digital marketing, data analytics, and IT services	-	Seaside Private Capital, Nepean Capital & 1 others	75/100
8th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	Back Bay Group, Orogen Group & 8 others	73/100
9th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
10th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	73/100
16th	Persistent 1990, Pune (India), Public	Provider of IT suite, consulting, data analytics, and digital transformation services	$18.8M	Elevation Capital, Norwest & 7 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)