About Persistent
Persistent is a company based in Pune (India) founded in 1990 by Anand Deshpande.. Persistent has raised $18.8 million across 1 funding round from investors including Norwest Venture Partners and Gabriel Venture Partners. The company has 24,590 employees as of March 31, 2024. Persistent has completed 18 acquisitions, including Arrka, Capiot and CloudSquads. Persistent offers products and services including Application Development, Cloud Infrastructure, Consulting Services, Persistent.AI, and Intelligent Automation. Persistent operates in a competitive market with competitors including Taboola, EX.CO, Verve, Supersonic and OpenWeb, among others.
- Headquarter Pune, India
- Employees 24590 as on 31 Mar, 2024
- Founders Anand Deshpande
- Stage Public
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Sectors
Business ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Persistent Systems Limited
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Annual Revenue
$1.39 B (USD)21.56as on Mar 31, 2024
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Net Profit
$163.55 M (USD)28.05as on Mar 31, 2024
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EBITDA
$226.29 M (USD)19.31as on Mar 31, 2024
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Total Equity Funding
$18.8 M (USD)
in 1 rounds
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Latest Funding Round
$18.8 M (USD), Series B
Dec 16, 2005
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Investors
Norwest Venture Partners
& 1 more
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Employee Count
24590
as on Mar 31, 2024
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Investments & Acquisitions
Arrka
& 17 more
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IPO & Listings of Persistent
Persistent is a publicly listed company on the NSE with ticker symbol PERSISTENT in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Persistent
Persistent offers a comprehensive portfolio of products and services, including Application Development, Cloud Infrastructure, Consulting Services, Persistent.AI, and Intelligent Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Develops and manages applications for enterprise efficiency
Provides modernization and management of cloud systems
Offers strategic advice for digital transformation initiatives
Delivers AI-driven software development and automation tools
Implements robotic and conversational AI for business processes
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Software Development Team
70 people
Sales and Marketing
38 people
Leadership Team
37 people
Human Resources and Administration
21 people
Product Management Team
10 people
Finance and Accounting
8 people
Data Analysis and Operations Team
8 people
Client Team
6 people
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Funding Insights of Persistent
Persistent has successfully raised a total of $18.8M through 1 strategic funding round. The most recent funding activity was a Series B round of $18.8 million completed in December 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $18.8M
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First Round
First Round
(16 Dec 2005)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2005 | Amount | Series B - Persistent | Valuation | Norwest Venture Partners , Gabriel Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Persistent
Persistent has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Norwest Venture Partners and Gabriel Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Persistent
Persistent has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include Arrka, Capiot and CloudSquads. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Sales force solutions are provided by Youperience to businesses.
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2017 | ||||
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Customized protocols are provided for monitoring clinical information systems.
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2015 | ||||
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Print and publishing services are provided by Herald Technologies.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Persistent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Persistent Comparisons
Competitors of Persistent
Persistent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Taboola, EX.CO, Verve, Supersonic and OpenWeb, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ad network platform is utilized for content recommendations and monetization.
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| domain | founded_year | HQ Location |
Content management platform
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| domain | founded_year | HQ Location |
Privacy-first omni-channel advertising platform is provided for customer targeting.
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| domain | founded_year | HQ Location |
Game publishing solutions are provided by Supersonic for developers.
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| domain | founded_year | HQ Location |
Cross-device ad network is provided for conversation-based advertising.
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| domain | founded_year | HQ Location |
Adnetwork and performance marketing platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Persistent
Frequently Asked Questions about Persistent
When was Persistent founded?
Persistent was founded in 1990 and raised its 1st funding round 15 years after it was founded.
Where is Persistent located?
Persistent is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Persistent?
Sandeep Kumar Kalra is the current CEO of Persistent.
Is Persistent a funded company?
Persistent is a funded company, having raised a total of $18.8M across 1 funding round to date. The company's 1st funding round was a Series B of $18.8M, raised on Dec 16, 2005.
How many employees does Persistent have?
As of Mar 31, 2024, the latest employee count at Persistent is 24,590.
What is the annual revenue of Persistent?
Annual revenue of Persistent is $1.39B as on Mar 31, 2024.
What does Persistent do?
Persistent was established in 1990 in Pune, India, within the IT services sector. A variety of services is delivered, encompassing IT suite solutions, consulting, data analytics, digital transformation, software product engineering, customer experience transformation, cloud and infrastructure management, security, and ERP implementation. Operations extend to clients across global markets, with focus placed on technology integration for business processes.
Who are the top competitors of Persistent?
Persistent's top competitors include Taboola, Supersonic and EX.CO.
What products or services does Persistent offer?
Persistent offers Application Development, Cloud Infrastructure, Consulting Services, Persistent.AI, and Intelligent Automation.
Is Persistent publicly traded?
Yes, Persistent is publicly traded on NSE under the ticker symbol PERSISTENT.
How many acquisitions has Persistent made?
Persistent has made 18 acquisitions, including Arrka, Capiot, and CloudSquads.
Who are Persistent's investors?
Persistent has 2 investors. Key investors include Norwest Venture Partners, and Gabriel Venture Partners.
What is Persistent's ticker symbol?
The ticker symbol of Persistent is PERSISTENT on NSE.
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