| Type | Public |
|---|---|
| Traded as | BSE: 533179 NSE: PERSISTENT |
| Industry | Computer Services |
| Founded | 1990 |
| Headquarters | Pune, India |
| Key people | Dr. Anand Deshpande, CEO & MD Suresh Deshpande, Director Nitin Kulkarni, COO T. M Vijayaraman, CTO Hari Haran, President, Persistent Systems Inc |
| Revenue | $170.24 million USD for FY10-11 |
| Employees | 6,820 |
| Website | www.persistentsys.com |
Persistent Systems (BSE: 533179, NSE: PERSISTENT) is a business based in Pune, India, that sells outsourced software development. It was established in 1990. Persistent has over 6,800 employees and 300 customers spread across North America, Europe, and Asia.
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Persistent Systems was founded in 1990.[1]
In 2008 the company won a NASSCOM award for innovation.[2] An award for corporate governance from the Institute of Company Secretaries of India was won in December 2010.[3]
Shares in the company were listed on the National Stock Exchange of India in March 2010.[4] The operations of Nagpur-based Infospectrum India Private, an outsourced private development of US company Infospectrum, were taken over by Persistent in February 2011.[1]
Persistent has facilities in three continents, with nine development centers in Europe, America and Asia. In India, Persistent operates from Pune and houses teams of development engineers in three facilities, named Bhageerath, Pingala-Aryabhata and Hinjawadi, which are within a few miles of one another. Its other offices are spread across Nagpur, Goa, Hyderabad and Bangalore.
The company also owns offices in Singapore, Tokyo, Toronto, San Jose, Seattle, Boston, Dallas, Illinois, Connecticut, The Netherlands and the United Kingdom.