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 185314 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

Persistent is a public company based in Pune (India), founded in 1990 by Anand Suresh Deshpande. It operates as a Provider of digital engineering and enterprise modernization services. Persistent has raised $19.8M in funding from Gabriel Venture Partners and Norwest. The company has 185314 active competitors, including 1149 funded and 8955 that have exited. Its top competitors include companies like IBM, UST and Virtusa.

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 185314 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	8784844	Series B	8096469	2684428	4913082	2018830
Apr 10, 2000	5394558	Unattributed	2856514	4278651	9041805	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
bqttf{{	Team	-	Current	2y 6m
Praveen Purushottam Kadle	Independent board member	-	Current	6y 6m
hxoddom	Independent board member	-	Current	4y 4m
qhjvvpb	Independent board member	-	Current	1y 9m
hhpt{sg	Independent board member	-	Current	6y 1m
vnswjvf	Independent board member	-	Current	8y 2m
jsubmpv	Independent board member	-	Current	1y 6m
gr{omhm	Independent board member	-	Current	9y 5m
buumvd{	Independent board member	-	Current	2y 9m

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	4729	5643	3671	5155	8554
Total Sales	9832	6788	5182	8468	9144
Total Expenses	1473	9458	1776	5970	1671
Operating Expenses	4484	3359	6248	7454	2496
Employee Expenses	2267	7528	3078	6577	7293
Marketing Expenses	6712	7872	1035	2153	9129
Operating Income (EBIT)	2752	8922	9930	2399	5079
Interest Expenses	3487	4621	5732	9280	5353
Expenses from other activities	5731	9276	7142	8909	5930
Information Technology Expenses	9629	1630	6305	7407	4671
EBITDA	8795	5795	6329	4868	6838
Taxes	7093	4824	1023	4469	5750
Net Profit	4263	3385	4935	3067	3502
Balance Sheet
Assets	9124	7959	4794	3057	3361
Cash Equivalent	1044	7828	3540	1779	3032
Accounts Receivables	6733	3193	1885	6787	5253
Inventory	6292	9046	4549	3063	3676
Liabilities	3601	1026	2373	9260	3992
Total Debt	5849	4155	5052	3316	3379
Accounts Payable	5634	8432	1413	8647	3529
Equities	3131	4764	4635	8867	7813
Cashflow Statement
Cash from Operating activities	3589	9827	7306	3478	9086
Cash from Investing activities	6152	4101	6162	4040	5121
Net cash from Financing activities	3641	6240	7007	3619	8001