When was PERSISTENT SYSTEMS LIMITED incorporated?

PERSISTENT SYSTEMS LIMITED was incorporated on May 30, 1990. It is registered with the Registrar of Companies, Pune, and its current company status is Active.

What is the Corporate Identification Number (CIN) of PERSISTENT SYSTEMS LIMITED?

PERSISTENT SYSTEMS LIMITED's Corporate Identification Number (CIN) is L72300PN1990PLC056696.

What is the registered address of PERSISTENT SYSTEMS LIMITED?

The registered address of PERSISTENT SYSTEMS LIMITED is BHAGEERATH 402 SENAPATI BAPAT ROAD PUNE, PUNE, Maharashtra, India, 411016.

What is the latest employee count at PERSISTENT SYSTEMS LIMITED?

As of Apr 01, 2026, the latest employee count at PERSISTENT SYSTEMS LIMITED is 23,029.

Does PERSISTENT SYSTEMS LIMITED have any loans on it?

PERSISTENT SYSTEMS LIMITED has taken out 12 loans from the financial institutions UNION BANK OF INDIA LIMITED, EXPORT IMPORT BANK OF INDIA and THE BANK OF BARODA LIMITED, with a total disclosed borrowing of over ₹464Cr. The largest loan was ₹150Cr from THE BANK OF BARODA LIMITED in May 2019, followed by others ranging from ₹10.8Cr to ₹50Cr between Jul 1991 and Aug 2023.

Who are the authorized signatories of PERSISTENT SYSTEMS LIMITED?

As of Nov 2026, the authorized signatories of PERSISTENT SYSTEMS LIMITED include Vinit Ajit Teredesai, Anjali Joshi and Ajit Keshav Ranade.

Has PERSISTENT SYSTEMS LIMITED raised funding?

Persistent, the brand associated with PERSISTENT SYSTEMS LIMITED, has raised a total of $19.8M over 2 funding rounds. One was Series B round of $18.8M from Gabriel Venture Partners and Norwest and the other was Unattributed round of $1M from Intel.

Who are the investors in PERSISTENT SYSTEMS LIMITED?

Persistent, the brand associated with PERSISTENT SYSTEMS LIMITED, has total 11 investors, 11 are institutional investors including Gabriel Venture Partners and 10 others.

PERSISTENT SYSTEMS LIMITED - 2026 Company Profile & Financials

Name: PERSISTENT SYSTEMS LIMITED
Brand: PERSISTENT SYSTEMS LIMITED
Price: 3.38 USD

Name	Short Description	Founded Year	Location	Current Stage
Persistent	Provider of digital engineering and enterprise modernization services	1990	India	Public

Main Activity Group Code	Description of Main Activity	Business Activity Code	Description of Business Activity	Turnover Percentage
J	Information and communication	62	Computer programming, consultancy and related activities	lno

Filing Summary

Here is a summary of filing activity and document availability across financial years:

File Type	FY 25-26	FY 24-25	FY 23-24	FY 22-23	FY 21-22
Financial Statements
Annual Returns	-

Latest Financials, Share Allotment and Annual Report

The latest filed financial documents, annual reports, and share allotment filings are shown below:

Changes to Capital Structure

Buy Now

Recent Filings

Below are the most recent filings submitted by the company:

Document Name	Category	Filing Date
Form CHG-1	Charges	Sep 17, 2026
Instrument(s) of creation or modification of charge	Charges	Sep 17, 2026
CERTIFICATE OF REGISTRATION FOR MODIFICATION OF CHARGE	Certificates	Sep 17, 2026
Form MGT-6	Other eForm Documents	Sep 11, 2026
Optional attachment(s) - if any	Other eForm Documents	Sep 02, 2026
Form MGT-14	Other eForm Documents	Sep 02, 2026
Copy(s) of resolution(s) along with copy of explanatory statement under section 173	Other eForm Documents	Sep 02, 2026
Optional attachment(s) - if any	Other eForm Documents	Sep 02, 2026
Form AOC-4(XBRL)	Annual Returns and Balance Sheet eForms	Sep 01, 2026
Form CSR-2	Annual Returns and Balance Sheet eForms	Sep 01, 2026

To access all company documents and filings with a single purchase, Buy Financials and Company Filings FY 26 Available

Auditor Details

Here is the latest Auditor of PERSISTENT SYSTEMS LIMITED:

Auditor's Firm Name	Auditor Name	Appointment Date	PAN	Address (of Firm or Auditor)
B S R & Co. LLP Registration No: 101248W/W-100022	jwucgrd	wbahdn{	oaidfcv	nisixid

Financial Auditor Details

Here is the latest Financial Auditor of PERSISTENT SYSTEMS LIMITED:

Auditor's Firm Name	Auditor Name	Appointment Date	PAN	Address (of Firm or Auditor)
B S R & Co. LLP Registration No: 101248 W/W-100022	kxoiepi	{cguhxq	buf{zpy	olmlzkt

To access detailed information on auditors and financial auditors,

PERSISTENT SYSTEMS LIMITED 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	4594	9272	7136	5211	2024
Total Sales	8044	4830	7435	1270	4457
Total Expenses	9175	1305	3517	9300	9366
Operating Expenses	7254	8831	5123	8608	8835
Employee Expenses	2158	2624	2707	9951	7916
Marketing Expenses	6538	3633	1492	6848	4587
Operating Income (EBIT)	4172	2763	9401	9932	4695
Interest Expenses	9096	6094	1094	6078	8037
Expenses from other activities	9246	8715	4877	6047	7288
Information Technology Expenses	3446	8201	1489	4423	6678
EBITDA	7916	4732	6945	5134	5217
Taxes	4638	4110	9353	5354	5043
Net Profit	3313	7709	2035	9758	8595
Balance Sheet
Assets	2522	2700	6065	7893	9004
Cash Equivalent	4124	4462	8597	2859	3232
Accounts Receivables	9678	5952	3000	3428	8576
Inventory	9452	1047	3104	6669	8300
Liabilities	7615	9608	9297	9882	6089
Total Debt	7362	7733	7481	4286	7123
Accounts Payable	2952	2709	1468	8532	6586
Equities	9809	6530	6669	4386	6792
Cashflow Statement
Cash from Operating activities	8589	6575	4540	8372	7169
Cash from Investing activities	5043	7666	2229	1407	7197
Net cash from Financing activities	7107	9746	3833	8035	2975

To access detailed financial performance and data, Buy Financial Report FY 26 Available

Ratios

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Profitability Ratios
EBITDA Margin	9306	9117	8355	8311	3780
EBIT Margin	1023	4989	1613	6467	3415
Net Profit Margin	8351	8969	1886	9265	1122
Return on Assets (ROA)	9935	6270	1193	2632	8247
Return on Equity (ROE)	1034	5350	5440	2038	4376
Return on Capital Employed	3623	4101	4471	9687	9853
Return on Invested Capital	5867	1255	3617	3947	7533
Efficiency Ratios
Asset Turnover	3053	4512	4276	7461	5076
Receivables Turnover	8161	3675	6962	9611	2015
Days Sales Outstanding	7548	2114	3371	5082	6694
Inventory Turnover	3339	2981	1975	2794	7230
Days Inventory Outstanding	8376	9135	8032	2111	8715
Payables Turnover	6098	9570	8563	6881	7259
Days Payables Outstanding	7570	3262	9514	9154	4130
Liquidity Ratios
Current Ratio	4397	5890	7708	8690	4148
Quick Ratio	8650	3845	8110	2376	8145
Cash Ratio	9016	5315	8592	2915	8428
Coverage Ratios
Cash Flow Coverage Ratio	9157	3302	2340	6772	9700
Debt Ratios
Debt-to-Equity Ratio	3181	3642	7325	3024	7518
Debt Ratio	8980	3104	5444	6289	7173
Net Debt	6518	6527	4699	9045	1504
Interest Coverage Ratio	5874	5073	8844	2340	4629
Debt Service Coverage Ratio	7565	3040	5738	8097	8534
Net Debt/EBITDA	8232	6338	4496	7697	5265
Growth Ratios
Revenue Growth Rate (CAGR)	4587	2286	1434	1715	8357
Earnings Growth Rate (CAGR)	4022	7711	1350	5795	4436

To access detailed financial performance and data, Buy Financial Report FY 26 Available

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Compounded Annual Growth Rate of PERSISTENT SYSTEMS LIMITED

Revenue CAGR	Growth
1 Year	24%
3 Year	302
5 Year	793

EBITDA CAGR	Growth
1 Year	31%
3 Year	450
5 Year	408

Disclaimer

There are 110 delayed MSME payments recorded for PERSISTENT SYSTEMS LIMITED during Oct 2025 - Mar 2026.

Here are the details of MSME payment delays for this period:

Supplier Name	Supplier PAN	Amount Due	Due since
Iris Waves Private Limited	8696	6341	4793
Wizertec h Informati cs Pvt Ltd	6452	8265	6832
InvenTeq Software Services	3784	2113	5545
Johnson Health Tech India Private Ltd.	5335	7037	2666
Platino Automoti ve Pvt Ltd	9755	1001	7347
Core Designs	9891	1070	3377
Connexions	7588	1912	6608
The Motwane Manufact uring Company Private Limited	8439	9560	2080
Trident Services Pvt. Ltd.	1865	3400	4302
Amardee p Designs India Pvt Ltd	2028	8963	8377

To access detailed supplier-wise and period-wise MSME payment delay information,

PERSISTENT SYSTEMS LIMITED has taken 12 loans.

Here is a list of loans and charges on PERSISTENT SYSTEMS LIMITED:

As a Borrower

Loan/ Charge ID	Lender Name	Loan Amount	Status	Creation Date	Closure Date
100772698	UNION BANK OF INDIA LIMITED	₹50Cr	bmysece	Aug 25, 2023	aspyfgk
100294207	UNION BANK OF INDIA LIMITED	₹49.8Cr	ayng{lf	Sep 25, 2019	uodfntq
100268344	State Bank of India	₹50Cr	sajhajd	May 21, 2019	zwxwyfw
100267056	THE BANK OF BARODA LIMITED	₹150Cr	axpiacl	May 15, 2019	hwqlaxg
100120998	CITI BANK N.A.	₹35Cr	nziozft	Aug 18, 2017	oqecspy
80005823	EXPORT IMPORT BANK OF INDIA	₹30Cr	ktdnbtr	Oct 25, 2005	wirkfji
90093365	State Bank of India	₹20Cr	ljvhntb	Oct 21, 2005	yuslaoq
90087461	CITI BANK N.A.	₹15Cr	dpcjmsw	Oct 10, 2005	fjojkha
80005829	EXPORT IMPORT BANK OF INDIA	₹40Cr	dobeopf	Dec 01, 2004	fvtoq{p
90082724	BANK OF INDIA LIMITED	₹13Cr	swzkavn	Mar 31, 2001	gue{{zh
90085601	BANK OF INDIA LIMITED	₹10.8Cr	sojipae	Jan 02, 2001	{dkgrmg
90089667	SINDICATE BANK	-	amwysbq	Jul 30, 1991	ejcbk{b

To access detailed information on a company’s loans, borrowings, & registered charges,

Board of Directors of PERSISTENT SYSTEMS LIMITED

Here is the list of current board of directors of PERSISTENT SYSTEMS LIMITED:

Name	Designation	Status	Appointment Date	Duration
Anand Suresh Deshpande	Managing Director	Current	Oct 19, 1990	36 Years
Sandeep Kumar Kalra	Whole-time Director	Current	Jun 11, 2019	7 Years 4 Months
Praveen Purushottam Kadle	Director	Current	Apr 23, 2020	6 Years 6 Months
Avani Vishal Davda	Director	Current	Dec 28, 2021	4 Years 10 Months
Ambuj Goyal	Director	Current	Jun 07, 2022	4 Years 5 Months
Arvind Hari Goel	Director	Current	Jun 07, 2022	4 Years 5 Months
Dan'l Donn Lewin	Director	Current	Jun 10, 2022	4 Years 5 Months
Ajit Keshav Ranade	Director	Current	Jun 06, 2023	3 Years 5 Months
Anjali Joshi	Director	Current	Jun 12, 2024	2 Years 4 Months
Vinit Ajit Teredesai	Whole-time Director	Current	Apr 24, 2025	1 Year 6 Months

To access detailed information on a company’s board members, directors, & authorized signatories,

Signatories of PERSISTENT SYSTEMS LIMITED

Here is the list of current signatories of PERSISTENT SYSTEMS LIMITED:

Name	Designation(s)	Status	Appointment Date	Duration
Vinit Ajit Teredesai	Whole-time Director	Current	Apr 24, 2025	1 Year 6 Months
Anjali Joshi	Director	Current	Jun 12, 2024	2 Years 4 Months
Ajit Keshav Ranade	Director	Current	Jun 06, 2023	3 Years 5 Months
Dan'l Lewin	Director	Current	Jun 10, 2022	4 Years 5 Months
Arvind Hari Goel	Director	Current	Jun 07, 2022	4 Years 5 Months
Ambuj Goyal	Director	Current	Jun 07, 2022	4 Years 5 Months
Avani Vishal Davda	Director	Current	Dec 28, 2021	4 Years 10 Months
Praveen Purushottam Kadle	Director	Current	Apr 23, 2020	6 Years 6 Months
Sandeep Kumar Kalra	Whole-time Director	Current	Jun 11, 2019	7 Years 4 Months
Amit Murari Atre	Company Secretary	Current	Jun 01, 2013	13 Years 5 Months
Anand Suresh Deshpande	Managing Director	Current	Oct 19, 1990	36 Years

To access detailed information on a company’s board members, directors, & authorized signatories,

Cross Directorships of PERSISTENT SYSTEMS LIMITED

PERSISTENT SYSTEMS LIMITED has directors who also hold positions in 9 other legal entities. All are listed below:

Legal Entity Name	% of Common Directors	Common Director(s)	Open Charge(s)	Active Legal Case(s)
MLL EXPRESS SERVICES PRIVATE LIMITED CIN: U63040MH2006PTC165956, India, Active	614	395	134	901
MAHINDRA LOGISTICS LIMITED CIN: L63000MH2007PLC173466, India, Active	862	980	761	253
NIIT LIMITED CIN: L74899HR1981PLC107123, India, Active	987	988	503	422
KOLTE-PATIL DEVELOPERS LIMITED CIN: L45200PN1991PLC129428, India, Active	941	724	280	173
Tata Autocomp Systems Limited CIN: U30204PN1995PLC158999, India, Active	572	680	586	638
PRESTOLITE ELECTRIC (INDIA) PRIVATE LIMITED CIN: U74140TG2015FTC121248, India, Active	591	996	977	946
BOLD DIAMONDS PRIVATE LIMITED CIN: U36911MH2022PTC391334, India, Strike off	848	882	386	537
FAN HOSPITALITY SERVICES PRIVATE LIMITED CIN: U55209KA2017PTC104290, India, Active	643	298	281	772
EMAMI LIMITED CIN: L63993WB1983PLC036030, India, Active	683	252	198	270

To access detailed information on a company’s board members, directors, & authorized signatories,

Persistent, the brand associated with PERSISTENT SYSTEMS LIMITED, 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	1251501	Series B	2937988	7901105	3584319	3551198
Apr 10, 2000	6852415	Unattributed	4407029	6280782	1561198	Intel

Access detailed funding, investor, and valuation insights.

PERSISTENT SYSTEMS LIMITED has an employee count of 23029 as on Apr 01, 2026.

Employee count trend for PERSISTENT SYSTEMS LIMITED

Date	Employee Count
Apr 26	23029
Mar 26	741
Feb 26	355
Jan 26	815
Dec 25	593
Nov 25	909
Oct 25	528

Persistent is the only brand associated with PERSISTENT SYSTEMS LIMITED, and here are its Top 10 competitors 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	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Kleiner Perkins, Draper Athena & 4 others	75/100
5th	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital	74/100
6th	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
7th	Endava 2000, London (United Kingdom), Public	Provider of digital transformation services using artificial intelligence and automation	-	M\|C Partners, Europa	74/100
8th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	74/100
9th	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
10th	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	73/100
15th	Persistent 1990, Pune (India), Public	Provider of digital engineering and enterprise modernization services	$19.8M	Norwest, Gabriel Venture Partners & 9 others	72/100

To view the full list of competitors of Persistent,

Media has covered brands linked with PERSISTENT SYSTEMS LIMITED for a total of 50 events in the last 1 year, 15 of them have been about company updates and 5 about partnerships.