Company Intelligence Profile
Persistent Systems Limited
Persistent Systems Limited is a Pune-headquartered, NSE/BSE-listed IT services and digital engineering company providing software product engineering, cloud, data & AI, enterprise application (Salesforce, SAP), and digital transformation services globally.
Last updated 6 September 2026
Persistent Systems Limited is a Pune-headquartered, NSE and BSE-listed IT services and digital engineering company incorporated in May 1990. It provides software product engineering, cloud, data and AI, and enterprise application services across industries including banking, financial services, healthcare, technology and telecom. For the financial year ended March 2026 it reported consolidated revenue of Rs 14,748 crore and net profit of Rs 1,865 crore.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Persistent Systems Limited |
|---|---|
| CIN | L72300PN1990PLC056696 |
| PAN | AABCP1209Q |
| Status | Active |
| Listing |
|
| Incorporated | 30 May 1990 |
| ROC | RoC Pune, Maharashtra |
| Sector (NIC) |
|
| Registered address | Bhageerath, 402, Senapati Bapat Road, Pune, Maharashtra – 411016, India |
| Authorized capital | ₹200 crore |
| Paid-up capital | ₹78.88 crore |
Business Overview
- Persistent Systems Limited is a Pune-headquartered, NSE/BSE-listed IT services and digital engineering company providing software product engineering, cloud, data & AI, enterprise application (Salesforce, SAP), and digital transformation services globally
- It serves industries including banking/financial services, healthcare & life sciences, technology, and telecom, and owns product brands/subsidiaries such as Accelerite, Capiot, PARX, Starfish Associates and Data Glove
Directors & DINs
Board (per Falconebiz, which lists DINs — best source for this field; ~10 current directors per TheCompanyCheck):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Anand Suresh Deshpande | 00005721 | Managing Director | 19 Oct 1990 |
| Sandeep Kumar Kalra | 02506494 | Whole-time Director & CEO | - |
| Vinit Ajit Teredesai | 03293917 | Whole-time Director & CFO | 24 Apr 2025 |
| Praveen Purushottam Kadle | 00016814 | Director | - |
| Avani Vishal Davda | 07504739 | Director | - |
| Arvind Hari Goel | 02300813 | Director | - |
| Ambuj Goyal | 09631525 | Director | - |
| Dan'l Donn Lewin | 09631526 | Director | - |
| Ajit Keshav Ranade | 00918651 | Director | - |
| Anjali Joshi | 10661577 | Director | - |
Financials
Consolidated, FY ended 31 March 2026:
| Revenue | ₹14,748 crore (+24% YoY from ₹11,939 crore in FY2025) |
|---|---|
| EBITDA/Operating Profit | ₹2,796 crore per Screener |
| Net Profit (PAT) | ₹1,865 crore (+33% YoY) |
| Net Worth | ₹7,759 crore (Screener) / ₹7,837.86 crore — minor conflict, both ~₹7.7-7.8k crore |
| Borrowings | ₹477 crore (Screener) vs "zero debt/-100% YoY" per Tofler's earlier FY2025 snapshot — conflicting; treat borrowings figure as partial/unconfirmed |
| Total Assets | ₹11,377 crore |
Standalone figures not obtained. Tofler's own FY2025 snapshot (revenue "over ₹500 Cr", various % deltas) appears to be a truncated/partial extract inconsistent with the ₹11,939 crore FY2025 figure corroborated by Screener — the ₹500 Cr figure is disregarded as unreliable.
In the News
Persistent Systems Falls As Board Approves Fundraise Of Up To $1.25 Bn
BW Businessworld · a month ago
Board of Persistent Systems approves fund raising up USD 1,250M
Business Standard · a month ago
Indian IT Stocks Riding A Weaker Rupee With Persistent Systems In Focus
simplywall.st · a month ago
Persistent Systems Shares Fall After $1.25 Billion Fundraise Plan
Equitypandit · a month ago
Persistent Systems Shares Fall Over 3% After Board Approves Rs 11,809 Crore Fundraise
NDTV Profit · a month ago
Headlines about Persistent Systems Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges & Borrowings
Conflicting reports across sources:
- Tofler (accessed 12 Aug 2026 per its own timestamp): "The company has no registered charges"
- TheCompanyCheck: "Open Charges: ₹215 crore; Satisfied Charges: ₹248.65 crore"
This is a direct source conflict — reported as such rather than resolved. Current debt/borrowings noted separately under financials also conflicts. Recommend independent MCA charge-index verification before publishing charge figures.
Legal / Litigation
- Indian Kanoon search results: Persistent Systems appears primarily in transfer-pricing/income-tax matters before the Income Tax Appellate Tribunal (ITAT), most commonly as a "comparable company" cited in other companies' transfer-pricing disputes, rather than as the primary litigant in commercial disputes
- Named case: DCIT, Circle-4, Pune vs Persistent Systems Pvt Ltd (order dated 23 Dec 2016, ITAT Pune)
- No major commercial, criminal, or shareholder litigation was found in this pass
Competitors
Named peers, with rough scale tags relative to Persistent (FY26 consolidated revenue ~₹14,748 crore / ~US$1.7-1.8bn):
- Mphasis Limited — similar scale, mid-tier IT services/digital engineering peer
- Coforge Limited — similar/slightly larger scale, mid-tier IT services peer
- L&T Technology Services (LTTS) — similar scale, engineering R&D services peer
- Zensar Technologies — smaller scale digital/IT services peer
- Larsen & Toubro Infotech / LTIMindtree — larger scale, tier-1/2 IT services peer
- Infosys / TCS / HCLTech / Wipro — much larger scale, tier-1 IT services majors (broader industry comparators, not direct scale peers)
These are drawn from general industry classification (mid-tier Indian IT services/digital engineering sector) rather than a specific competitor-analysis source fetched this session; treat as indicative, not sourced from a dedicated competitor database.
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