Persistent Systems
Indian technology company
From Wikipedia, the free encyclopedia
Persistent Systems Limited is an Indian multinational technology company based in Pune. Founded in 1990, it provides information technology and software engineering services.[4]
 | |
| Type | Public |
|---|---|
| BSE: 533179 NSE: PERSISTENT | |
| Industry | Information technology |
| Founded | 1990 |
| Founder | Anand Deshpande |
| Headquarters | Pune, Maharashtra, India |
Key people | |
| Revenue |  ₹11,938 crore (US$1.2 billion) (2025) |
| ₹1,822 crore (US$190 million) (2025) | |
| ₹1,400 crore (US$150 million) (2025) | |
Number of employees | 23,941 (December 2024)[2] |
| Website | persistent |
| Footnotes Financials as of 31 March 2025[update].[3] | |
History
Persistent Systems was founded in 1990 by Anand Deshpande, a former Hewlett-Packard employee, with an investment of $21,000. In 2000, Intel Capital invested $1 million in the company for a 3.5% stake.[5] In 2005, Persistent raised $18.8 million from Norwest Venture Partners and Gabriel Venture Partners.[6]
Persistent Systems was listed on the National Stock Exchange of India and Bombay Stock Exchange in March 2010 after its initial public offering.[7]
In 2014, Persistent Systems incorporated Accelerite, a wholly owned subsidiary based in Silicon Valley, as its software products arm.[8][9] In 2016, Persistent Systems launched a specialized engineering service for IBM Watson IoT platform.[10] In 2019, Persistent joined Siemens' MindSphere partner program to deliver industrial internet of things (IIoT) services.[11]