When was Persistent founded?

Persistent was founded in 1990 and raised its 1st funding round 10 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 $19.8M across 2 funding rounds to date. The company's 1st funding round was a $***** Unattributed round, raised on Apr 10, 2000.

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 12th amongst 184769 active competitors, of which 1149 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 Virtusa. Among them, Accenture secured the most recent funding round in March, 2024.

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

Company Details

Provider of digital engineering and enterprise modernization services. The company delivers software product engineering, cloud and infrastructure management, data and analytics, and intelligent automation solutions. It assists organizations in reinventing applications and processes through artificial intelligence and digital transformation strategies to improve operational agility and business performance.

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

$19.8M in 2 rounds

Latest Funding Round

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

Investors

Gabriel Venture Partners & 10 more

Ranked

12^th among 184769 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

24,594 as on Mar 31, 2025

Investment & Acquisitions

Nagarro & 25 more

Similar Companies

IBM & 205795 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	Reports
PERSISTENT SYSTEMS POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ CIN: 0001003355 , Poland, Active	Nov 21, 2022	-	-
Persistent Systems Switzerland AG CIN: 601005 , Switzerland, Active	Dec 14, 2023	-	-	-
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, Inc. CIN: 77-0584954 , United States, Active	Oct 04, 2019	-	-	-
PERSISTENT SYSTEMS AUSTRALIA PTY LTD CIN: 610819399 , Australia, Active	Feb 16, 2016	-	-
PERSISTENT SYSTEMS UK LIMITED CIN: NI036899 , United Kingdom, Active	Sep 08, 1999	-	1 (As on Mar 31, 2023)
PERSISTENT SYSTEMS PTE. LTD. UEN: 200706736G , Singapore, Active	Apr 19, 2007	-	-
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 AND SOLUTIONS LIMITED CIN: U72900PN2008PLC132078 , India, Amalgamated	May 22, 2008	-	-
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 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 $19.8M over 2 rounds. Its first funding round was on Apr 10, 2000. Its latest funding round was a Series B round on Dec 16, 2005 for $*****. 2 investors participated in its latest round. Persistent has 11 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	9673077	Series B	6840396	8453374	1985935	2225399
Apr 10, 2000	7806321	Unattributed	9059603	4917393	5780794	Intel

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View details of Persistent's funding rounds and investors

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

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

Anand Suresh Deshpande: Founder & Chairman & Managing Director of Persistent and founder of 1 other company. 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 10 active members. Anand Suresh Deshpande and Sandeep Kalra are part of team and Praveen Purushottam Kadle, Avani Vishal Davda, Arvind Hari Goel, Ajit Keshav Ranade, Ambuj Goyal, Anjali Joshi, Vinit Teredesai 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 Suresh Deshpande	Team	-	Current	36y 0m
rkrhvkc	Team	-	Current	2y 1m
Praveen Purushottam Kadle	Independent board member	-	Current	6y 6m
zcbhtwv	Independent board member	-	Current	8y 6m
{ftzxzq	Independent board member	-	Current	4y 4m
peeepge	Independent board member	-	Current	4y 9m
ifdjyj{	Independent board member	-	Current	9y 9m
vqrwxbt	Independent board member	-	Current	5y 8m
{s{syfs	Independent board member	-	Current	9y 6m
se{gkuu	Independent board member	-	Current	8y 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, UST and Virtusa. 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 & 23 others	78/100
2nd	UST 1998, 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
3rd	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	EQT, Back Bay Group & 8 others	76/100
4th	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital	74/100
5th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	74/100
6th	Endava 2000, London (United Kingdom), Public	Provider of digital transformation services using artificial intelligence and automation	-	M\|C Partners, Europa	74/100
7th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	74/100
8th	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	73/100
9th	Happiest Minds Technologies 2011, Bengaluru (India), Public	Provider of IT suite services	$64.5M	Canaan, Trident Trust & 33 others	73/100
10th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	73/100
12th	Persistent 1990, Pune (India), Public	Provider of digital engineering and enterprise modernization services	$19.8M	Intel, India Capital Growth & 9 others	72/100

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PERSISTENT SYSTEMS LIMITED, the legal entity associated with Persistent, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of PERSISTENT SYSTEMS LIMITED has a compounded annual growth rate (CAGR) of 24% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	7807	6835	3493	2014	2623
Total Sales	8497	7991	4856	6854	9151
Total Expenses	5681	9650	9104	3596	4051
Operating Expenses	6142	3898	9869	7954	4254
Employee Expenses	9078	5782	9154	8921	4151
Marketing Expenses	5095	1535	7467	5821	6249
Operating Income (EBIT)	2026	6467	6479	4499	7607
Interest Expenses	7247	3250	2645	7828	2748
Expenses from other activities	9507	2284	4860	2502	9763
Information Technology Expenses	1405	3672	4153	5819	2872
EBITDA	4645	5916	6596	4275	6916
Taxes	1154	7983	5007	2950	4523
Net Profit	3594	4531	6388	4632	5529
Balance Sheet
Assets	6577	5281	2461	9318	5687
Cash Equivalent	7190	5998	1705	2015	4503
Accounts Receivables	5905	6452	3651	6768	1376
Inventory	8133	6297	3637	1940	9168
Liabilities	3926	2522	1780	4663	9195
Total Debt	3998	3686	6969	3782	8987
Accounts Payable	6260	8825	9136	4958	1414
Equities	8145	9213	1783	3214	7156
Cashflow Statement
Cash from Operating activities	1109	5217	4880	5063	5089
Cash from Investing activities	7721	1552	2866	5503	9099
Net cash from Financing activities	5363	1473	9060	2063	3030