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.

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 16th amongst 151826 active competitors, of which 1171 are funded. It stands 5th 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 IBM, Mindtree and UST. 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

16^th among 151826 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

IBM & 175856 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	3498262	Series B	1875156	9269195	1727703	3524876

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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 4m
bzhlrsx	Team	-	Current	9y 5m
wuscwnk	Team	-	Past	3y 5m
Praveen Purushottam Kadle	Independent board member	-	Current	6y 3m
bsshlrf	Independent board member	-	Current	6y 5m
utvhkcd	Independent board member	-	Current	4y 8m
vnh{tgk	Independent board member	-	Current	1y 1m
ubsbhvg	Independent board member	-	Current	7y 8m
{{dvnpu	Independent board member	-	Current	9y 9m
okf{pbt	Independent board member	-	Current	4y 6m
yagaafw	Independent board member	-	Current	5y 6m
ixpoyep	Independent board member	-	Current	2y 6m
s{gfipt	Independent board member	-	Past	4y 6m
fovuq{s	Independent board member	-	Past	8y 7m
pjzgqhp	Independent board member	-	Past	9y 7m
lisbyks	Independent board member	-	Past	9y 3m
oduzdnc	Independent board member	-	Past	9y 8m
yryzgro	Independent board member	-	Past	9y 9m
elux{jk	Independent board member	-	Past	6y 9m
jgvsmfu	Independent board member	-	Past	5y 4m
gixqfqy	Independent board member	-	Past	3y 3m
qdvvwai	Independent board member	-	Past	9y 9m
adfkwzs	Independent board member	-	Past	3y 8m
kktyhhm	Independent board member	-	Past	2y 3m
bgsevja	Independent board member	-	Past	4y 4m
jobvycv	Independent board member	-	Past	7y 7m
cmjplei	Independent board member	-	Past	3y 5m
giqlvpa	Independent board member	-	Past	6y 7m
dga{lkn	Independent board member	-	Past	9y 3m
xjdgzbs	Independent board member	-	Past	7y 6m
iulaffo	Independent board member	-	Past	4y 3m
lubnlzb	Independent board member	-	Past	9y 3m
wr{sfbi	Independent board member	-	Past	3y 7m

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 IBM, Mindtree and UST. 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, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and IT consulting services	-	Berkshire Hathaway, Runway & 22 others	81/100
2nd	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	78/100
3rd	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
4th	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital & 1 others	75/100
5th	Deloitte 1845, London (United Kingdom), Series B	Provider of audit, consulting, financial advisory, risk management, and tax services	$21.4M	HILL HOUSE, TechAlliance & 8 others	75/100
6th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	75/100
7th	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	73/100
8th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	EQT, CPP Investments & 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	Valtech 1993, Paris (France), Acquired	Provider of diversified application development, IT consulting, and digital transformation services	-	Verlinvest, Kharis Capital & 3 others	73/100
16th	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)