Persistent Systems Ltd- History, Latest Updates, Milestones, Subsidiaries & Share Price
Persistent Systems Limited - Company Overview
Persistent Systems Ltd, founded in 1990 by Anand Deshpande in Pune, has become a major force in digital transformation and software engineering services worldwide. Operating initially as a product development company, the organization now provides cutting-edge AI-driven solutions and modernization services to global clients. Persistent Systems has more than 35 years of domain experience, a market cap of around Rs.87,000 crore, as of 2025, and Persistent share price is around Rs.5,469. The firm is renowned for its robust financial performance, environmental stewardship, industry awards, and corporate partnerships with top technology companies.
This comprehensive article explores the company's history, its key milestones, current developments, and subsidiary operations and provides meticulous analysis of Persistent share price to guide investors.
Persistent Systems Limited Moves In 2025
January 2025
Persistent Systems declared an interim dividend of Rs.20 per share, demonstrating its strong financial health and dedication to thanking shareholders.
April 2025
Persistent was awarded the 2025 Google Cloud Infrastructure Modernization Partner of the Year for Asia Pacific on April 9, acknowledging its excellence in undertaking one of the largest Google Cloud modernization initiatives in the region.
On 24 April, the firm announced its FY25 financial performance, with revenues of $1,409.1 million (Rs.119,387.2 million), up 18.8% year-on-year, at an EBIT margin of 14.7%. Q4 revenue was $375.2 million, 4.2% higher sequentially. The board recommended a final dividend of Rs.15 a share, totaling Rs.35 a share for the year, commemorating Persistent's 35th anniversary.
May 2025
May 15 saw Persistent's shares fall by 3.58% after UnitedHealth Group announced the suspension of its 2025 guidance owing to increased medical expenses and leadership changes. However, Persistent's leadership remained optimistic about the future of the healthcare industry in the long term.
June 2025
On June 5, Persistent was named a "Most Honored Company" in the Extel's 2025 Asia Executive Team survey with highest rankings for Best CEO (Sandeep Kalra), Board of Directors, and ESG initiatives. The company also registered an appreciable betterment in its overall analyst rating over last year, reflecting its good governance, leadership, and investor relations.
Evolution of Persistent Systems Limited: Year-wise Overview
1990s
1990: Persistent Systems Private Limited was founded by Anand Deshpande in Pune with a start-up capital of $21,000.
1992–1997: Awarded several awards by the Maharashtra government for export excellence.
1999: Was certified as a Microsoft Solution Provider.
2000–2009
2000: Invested $1 million for a 3.5% stake by Intel Capital; introduced employee stock options.
2001: Opened a U.S. subsidiary and added more facilities in Pune.
2004: Opened UK and Nagpur offices; placed among the 11th fastest-growing company in Asia Pacific by Deloitte Fast 500.
2005: Received $18.8 million funding from Norwest and Gabriel Venture Partners; opened a Japan office.
2006: Acquired ControlNet (India) Private Limited, a Goa-based technology firm.
2007: Went public as a limited company; received various industry awards.
2008–2009: Expanded its global footprint by establishing operations in Singapore, Canada, and the Netherlands; received the prestigious NASSCOM Innovation Award.
2010–2015
2010: Listed on the BSE and NSE after a successful IPO.
2011: Acquired Infospectrum India, based in Nagpur.
2012: Acquired Openwave's location-based services business.
2015: Acquired the digital content management division of Akumina in the United States.
2016–2020
2016: Accelerite, the product division of Persistent, acquired Citrix’s CloudPlatform and CloudPortal Business Manager; also acquired PRM Cloud Solutions, a Salesforce consulting partner; and launched engineering services for IBM Watson IoT.
2017: Acquired Parx Werk, a Swiss-based company.
2019: Entered Siemens' MindSphere partner program; purchased Youperience, a Salesforce implementation company.
2020: Purchased Capiot Software, an American company, in order to improve integration strengths.
2021–2022
2021: Purchased cloud migration assets of Sureline Systems; purchased Software Corporation International (SCI) and Fusion360 for $53 million; purchased Shree Partners, an American IT and cloud management company.
2022: Purchased Data Glove, an American consulting firm, for $90.5 million, and MediaAgility, a cloud services firm, for $71.71 million.
2024–2025
2024: Acquired Starfish Associates, experts in enterprise communications automation, for $20 million; also announced plans to acquire Pune-based data privacy firm Arrka for Rs.14.4 crore.
2025: Persistent Systems goes from strength to strength as a global business, with a market capitalization of around Rs.87,000 crore, upholding its flag for innovation and industry leadership.
Persistent Systems Limited Information
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Company Information |
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Trade Name |
Persistent Systems Limited |
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Founded year |
1990 |
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Headquarters |
Pune, Maharashtra, India |
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Industry |
Information Technology |
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Chairman |
Dr. Anand Suresh Deshpande |
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Revenue |
Rs.11,800 crore |
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NSE code |
PERSISTENT |
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BSE code |
533179 |
Persistent Systems Limited: Key Corporate Developments, News, and Press Releases in 2025
Financial Highlights and Growth
In FY25, Persistent Systems posted strong financial performance with consolidated revenues of $1,409.1 million (Rs.119,387.2 million), a 18.8% year-over-year growth, and an EBIT margin of 14.7%. Net profit grew 28% to Rs.14,001.6 million. For the quarter ending Q4, the company posted $375.2 million in revenue, a 4.2% sequential increase, with a total contract value of $517.5 million and $350.2 million in annual contract value.
Awards and Industry Recognition
In April 2025, Persistent was honored as the Google Cloud Infrastructure Modernization Partner of the Year for the Asia Pacific region. The recognition came for the company's handling of one of the largest Google Cloud migrations, including more than 6,000 microservices and 100+ petabytes of data for a leading e-commerce platform, achieving a 30% cloud cost saving and increased scalability for India's millions of small businesses.
Leadership and Corporate Governance
Persistent was named "Most Honored Company" by Extel's 2025 Asia Executive Team survey with the best rankings for Best CEO (Sandeep Kalra), Board of Directors, and ESG initiatives. There was a significant improvement in the company's analyst score, which indicates robust leadership and governance.
Market and Media Updates
In May 2025, Persistent share price fell 3.58% following UnitedHealth Group's withdrawal of its 2025 forecast due to increased medical costs and a change in leadership. However, Persistent's management was still optimistic regarding the healthcare segment, which was still reporting strong growth.
Persistent Share Price NSE
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Company Name |
Sector |
Share Price Link |
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Persistent Systems Limited |
Information Technology |
Conclusion
Persistent Systems Limited has grown into a global IT leader, renowned for its innovation, steady financial growth, and leadership within the industry. From its legacy of strategic acquisitions, award-winning solutions, and strong governance, Persistent is a most appealing option for investors who seek stability and growth within the vibrant technology sector.
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Frequently Asked Questions
What is the current Persistent share price?
Enrich Money has the Persistent share price today
How can I keep an eye on the Persistent Systems share news?
You can find the current news of Persistent share price on Enrich Money.
Has Persistent Systems declared any dividends recently?
Yes, an interim dividend of Rs.20 per share was declared in January 2025.
How volatile is the Persistent share price?
Persistent share price has shown significant movement, with notable daily fluctuations and a strong upward trend over the past year.
How has the Persistent Systems share price changed in recent times?
Persistent share price has climbed 53.65% over the last year and has risen by 203.49% in the past three years.
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