Stock PERSISTENT PERSISTENT SYSTEMS LIMITED
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Company Persistent Systems Limited Bombay S.E.

Equities

PERSISTENT

INE262H01021

IT Services & Consulting

Market Closed - Bombay S.E.
Other stock markets
 06:00:46 2024-04-16 am EDT 		5-day change 1st Jan Change
3,858 INR -2.21% Intraday chart for Persistent Systems Limited -2.48% +4.46%
Apr. 02 Nomura Adjusts Persistent Systems' Price Target to INR3,800 From INR7,600, Keeps at Neutral MT
Apr. 01 Persistent Systems Limited Appoints Barath Narayanan S S as Senior Vice President-BFSI CI

Business Summary

Persistent Systems Limited is an India-based holding company engaged in the business of providing software products and technology services. The Company’s segments include Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, and Technology Companies and Emerging Verticals. The Company provides a range of services, including digital strategy and design, software product engineering, client experiences (CX) transformation, cloud & infrastructure, intelligent automation, enterprise information technology (IT) security, enterprise integration, application development and management, and data and analytics. The Company serves various industries, including banking and financial services, insurance, healthcare life sciences, software and hi-tech, and telecom and media. Its cloud and infrastructure offerings include Hybrid & Multi-Cloud Transformation, Data Center Modernization, Persistent Intelligent IT Operations (PiOps), and Cloud Advisory Services.

Number of employees: 16,989

Sales per Business

INR in Million2022Weight2023Weight Delta
Technology Companies and Emerging Verticals
48.0 %
27,201 47.6 % 40,113 48.0 % +47.47%
Banking, Financial Services and Insurance
32.6 %
18,064 31.6 % 27,231 32.6 % +50.75%
Healthcare & Life Sciences
19.4 %
11,843 20.7 % 16,161 19.4 % +36.46%

Sales per region

INR in Million2022Weight2023Weight Delta
North America
78.0 %
44,812 78.5 % 65,108 78.0 % +45.29%
India
11.3 %
6,028 10.6 % 9,433 11.3 % +56.47%
Rest of the World
10.7 %
6,267 11.0 % 8,966 10.7 % +43.06%

Managers

Managers TitleAgeSince
Sandeep Kumar Kalra CEO
 Chief Executive Officer - 19-04-30
Anand Deshpande FOU
 Founder 61 90-05-29
Sunil Sapre DFI
 Director of Finance/CFO - 15-05-31
Debashis Singh CTO
 Chief Tech/Sci/R&D Officer - 22-09-30
Pandurang Kamat CTO
 Chief Tech/Sci/R&D Officer - 14-07-31
Amit Murari Atre CMP
 Compliance Officer - 13-05-31
Dhanashree Ajit Bhat COO
 Chief Operating Officer - Nov. 30
Saurabh Dwivedi IRC
 Investor Relations Contact - -
Anuja Ramdasi AUD
 Comptroller/Controller/Auditor - 16-07-31
Ayon Banerjee PRN
 Corporate Officer/Principal - Nov. 30

Members of the board

Members of the board TitleAgeSince
Anand Deshpande FOU
 Founder 61 90-05-29
Sunil Sapre DFI
 Director of Finance/CFO - 15-05-31
Dan'l Lewin BRD
 Director/Board Member - 22-06-09
Sameer Bendre PRN
 Corporate Officer/Principal - 03-07-31
Avani Vishal Davda BRD
 Director/Board Member 45 21-12-27
Sandeep Kumar Kalra CEO
 Chief Executive Officer - 19-04-30
Arvind Hari Goel BRD
 Director/Board Member 66 22-05-31
Roshini Hemant Bakshi BRD
 Director/Board Member 57 14-07-25
Ajit Keshav Ranade BRD
 Director/Board Member - 23-06-05
Ambuj Goyal BRD
 Director/Board Member - 22-06-06

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 151,794,358 99,744,618 ( 65.71 %) 0 65.71 %

Shareholders

NameEquities%Valuation
Anand Deshpande
29.69 %
45,743,680 29.69 % 2 188 M ₹
Kotak Mahindra Asset Management Co. Ltd.
3.568 %
5,495,755 3.568 % 263 M ₹
HDFC Asset Management Co. Ltd. (Invt Mgmt)
3.248 %
5,004,139 3.248 % 239 M ₹
Axis Asset Management Co. Ltd.
2.968 %
4,572,954 2.968 % 219 M ₹
Motilal Oswal Asset Management Co. Ltd.
2.775 %
4,274,957 2.775 % 204 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt)
1.471 %
2,265,404 1.471 % 108 M ₹
Shridhar Bhalchandra Shukla
1.430 %
2,202,592 1.430 % 105 M ₹
UTI Asset Management Co. Ltd. (Investment Management)
1.309 %
2,016,348 1.309 % 96 M ₹
Kotak Mahindra Asset Management (Singapore) Pte Ltd.
1.302 %
2,006,096 1.302 % 96 M ₹
HSBC Asset Management (India) Pvt Ltd.
1.092 %
1,682,760 1.092 % 80 M ₹

Company contact information

Persistent Systems Ltd.

Bhageerath 402 East Senapati Bapat Road

411016, Pune

+91 20 6703 0000

http://www.persistent.com
address Persistent Systems Limited(PERSISTENT)

Group companies

NameCategory and Sector
Persistent Systems, Inc.
Logo Persistent Systems, Inc.

Persistent Systems, Inc.

Packaged SoftwareTechnology Services

Persistent Systems, Inc. provides software development, consultancy, and system integration services. Its products include accelerite, connected healthcare and digital banking. The firm serves banking, financial services and insurance, healthcare and life sciences and software and technology industries. The company was founded by Anand Suresh Deshpande in 2001 and is headquartered in Santa Clara, CA.

Packaged Software
Persistent Systems Germany GmbH
Logo Persistent Systems Germany GmbH

Persistent Systems Germany GmbH

Packaged SoftwareTechnology Services

Persistent Systems Germany GmbH engages in the design, development, production, maintenance, marketing, evaluation, benchmarking, purchasing, sale, importation, exportation, and leasing of computer hardware and software, firmware, as well as products with applications in the commercial, industrial, educational, research, agricultural, medical, and military sectors. It also provides consulting and training services related to information technology products. The company was founded on June 7, 2016 and is headquartered in Frankfurt, Germany.

Packaged Software
Aepona Group Ltd. (Ireland)
Logo Aepona Group Ltd. (Ireland)

Aepona Group Ltd. (Ireland)

MiscellaneousMiscellaneous

Aepona Group Ltd. (Ireland) is a private company headquartered in Dublin, Ireland. The firm functions as an investment holding company.

Miscellaneous

Sector

Technology
Software & IT Services
Software & IT Services
IT Services & Consulting
Other IT Services & Consulting

Sales per Business

Sales per region

Ratings for Persistent Systems Limited

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
32
Last Close Price
3,953 INR
Average target price
3,904 INR
Spread / Average Target
-1.23%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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