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
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- Legal Name Persistent Systems Limited
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Annual Revenue
$1.4 B (USD)21.56as on Mar 31, 2025
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Net Profit
$163.87 M (USD)28.05as on Mar 31, 2025
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EBITDA
$226.73 M (USD)19.31as on Mar 31, 2025
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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.
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
People of Persistent
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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.
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.
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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VC firm investing in the US
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Investor details for Persistent
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Persistent
Persistent has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include Arrka, Capiot and CloudSquads.
Investment portfolio details for Persistent
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
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Sales force solutions are provided by Youperience to businesses.
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Customized protocols are provided for monitoring clinical information systems.
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Print and publishing services are provided by Herald Technologies.
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Complete acquisition details for Persistent
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Persistent
Detailed financials for Persistent
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Persistent Comparisons
Peer comparison for Persistent
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- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
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Ad network platform is utilized for content recommendations and monetization.
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Content management platform
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Privacy-first omni-channel advertising platform is provided for customer targeting.
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Game publishing solutions are provided by Supersonic for developers.
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Cross-device ad network is provided for conversation-based advertising.
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Adnetwork and performance marketing platform
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Detailed competitors of Persistent
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Persistent
Complete news archive for Persistent
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Persistent
Persistent was founded in 1990 and raised its 1st funding round 15 years after it was founded.
Persistent is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Sandeep Kumar Kalra is the current CEO of Persistent.
Persistent is a funded company, having raised a total of $18.8M across 1 funding round to date.
As of Mar 31, 2024, the latest employee count at Persistent is 24,590.
Annual revenue of Persistent is $1.4B as on Mar 31, 2025.
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.
Persistent's top competitors include Taboola, Supersonic and EX.CO.
Persistent offers Application Development, Cloud Infrastructure, Consulting Services, Persistent.AI, and Intelligent Automation.
Yes, Persistent is publicly traded on NSE under the ticker symbol PERSISTENT.
Persistent has made 18 acquisitions, including Arrka, Capiot, and CloudSquads.
Persistent has 2 investors. Key investors include Norwest Venture Partners, and Gabriel Venture Partners.
The ticker symbol of Persistent is PERSISTENT on NSE.