By Mr. Abhay Ray 
Introduction to Persistent Systems
Persistent Systems is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. It is a provider of application development, data analytics, and digital transformation services. Its other portfolio includes software product engineering, CX transformation, cloud & infrastructure management, IT consulting & security, and ERP services. It serves a wide range of industries including Healthcare and Life Sciences, Banking and Finance, Telecommunications, High Technology and Emerging Industries, Software & Hi-tech, and consumer Tech.As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 268% growth since 2020, Persistent is the fastest-growing Indian IT Services brand according to “Brand Finance”.
Incorporation of Persistent Systems
Persistent Systems Limited is a public company incorporation on 30 May,1990 by Dr. Anand Deshpande.
Company Objective – Persistent Systems Limited and all its subsidiaries (Present and Future) are committed to pro-actively conserve the environment, control our impact on climate change and continually improve performance of our Environment, Health and Safety (EHS) Management Systems.
Worldwide Locations –Persistent Systems has a presence in 21 Countries. North & Central America, Asia and Australia, Europe .
Mission/Vision of Persistent Systems
Persistent Systems Limited is a technology-driven company, committed to the highest standards of ethics and integrity. They believe that success and future depend on the knowledge, creativity, skills, teamwork, and integrity of the employees, which they value deeply. To achieve this, they focus on innovation and continuous improvement in efficiency. They are dedicated to delivering quality in all aspects of our business—products, services, relationships, communications, and the promises they make.
Founder Details of Persistent Systems
Dr. Anand Deshpande is the Founder, Chairman, and Managing Director of Persistent Systems since inception and is responsible for the overall leadership of the Company.
- Anand Deshpande Education
Anand holds a Bachelor of Technology (B. Tech.) with Honours (Hons.) in Computer Science Engineering from the Indian Institute of Technology (IIT), Kharagpur, M.S. and a Ph.D. in Computer Science from Indiana University, Bloomington, Indiana, USA.
- Awards & Achievements
Dr. Anand Deshpande has received multiple awards for his leadership in technology and business, including the CSI Fellowship Award, he has been recognized by both his alma maters as a Distinguished Alumnus in 2012 by IIT Kharagpur and by the School of Informatics of Indiana University with the Career Achievement Award in 2007. Deshpande has also served on the boards of many organizations, including the Computer History Museum, the Maratha Chamber of Commerce Industries & Agriculture, and the VLDB Foundation. He is also a founding trustee of the Persistent Foundation, which focuses on creating self-employment.
Persistent Systems Working Sector
It is an Indian multinational technology services company that works in the IT software sector. They provide a variety of services and solutions for many industries, including:
- Telecom and media, Consumer tech, Software product engineering
- Banking and financial services, Insurance, Healthcare, Life sciences, Industrial, Software and hi-tech
Persistent Systems services include:-
- Cloud computing, Internet of things, Endpoint security, Big data analytics
- Network performance transformation, 5G and edge acceleration, Silicon and embedded services
Private Placement of Persistent Systems
In 2000, Intel Capital invested $1 million in the company for a 3.5% stake. In 2005, Persistent raised $18.8 million from Norwest Venture Partners and Gabriel Venture Partners.
Stock Listed
Persistent Systems was listed on the National Stock Exchange of India and Bombay Stock Exchange (BSE & NSE: PERSISTENT) in March 2010 after its initial public offering.
Persistent Systems – IPO
Persistent Systems IPO is a book built issue of Rs. 168.01cr. Persistent Systems IPO bidding started from March 17, 2010 and ended on March 19, 2010. The shares got listed on BSE, NSE on April 6, 2019. Persistent Systems IPO price band is set at Rs.290 to Rs. 310 per share. The min. lot size for an application is 20 shares. The minimum amount of investment required by retail investor is Rs. 6,200. Axis capital ltd and JP Morgan India Private ltd are the book running lead managers of the Persistent Systems IPO, while Link Intime India Private ltd is the registrar for the issue.
|
IPO Date |
March 17, 2010 to March 19, 2010 |
|
Listing Date |
April 6, 2010 |
|
Face Value |
₹10 per share |
| Price Band |
₹290 to ₹310 per share |
| Total Issue Size |
5,419,706 shares (aggregating up to ₹168.01 Cr)
|
|
Issue Type |
Book Built Issue IPO |
|
Listing At |
BSE, NSE |
| Share holding pre issue |
35,861,000 |
|
Share holding post issue |
40,000,000 |
Dividends of Persistent Systems
|
Ex-Dividend Date |
Dividend Type |
Dividend (Rs) |
|
9 Jul,2024 |
Final |
10.00 |
| 30 Jan,2024 | Interim |
32.00 |
| 11 Jul,2023 |
Final |
12.00 |
| 11 Jul,2023 | Special |
10.00 |
|
25 Jan,2023 |
Interim | 28.00 |
|
11 Jul,2022 |
Final |
11.00 |
| 27 Jan,2022 | Interim |
20.00 |
Bonus of Persistent Systems
|
Announcement Date |
Ex-Bonus Date | Bonus Ratio |
| 24 Jan,2015 | 10 Mar,2015 |
1:1 |
Splits of Persistent Systems
|
Ex-Split Date |
Old FV | New FV |
| 28 Mar,2024 | 10 |
5 |
|
Stock Rate |
Face value | Book value | Beta value | Market cap. | TTM EPS | Sector PE |
| 5717.40(As on 19 Nov,24) | 5 | 321.00 | 0.92 | 88,036 | 79.82 |
36.04 |
Partnerships & Innovations
- Leading Hyperscalers Partnerships – Strategic agreements with Google Cloud and AWS to deliver joint customized solutions.
- Generative AI Solutions – Launching innovative solutions like the GenAI-powered Population Health Management (PHM) with Microsoft.
- Extensive Cloud Certifications Nearly 8,000 employees certified across AWS,Google Cloud, and Microsoft Azure.
Growth and Revenue
According to Persistent Systems ‘s latest financial reports the company’s current revenue (TTM ) is ₹109.04 Billion. In 2023 the company made a revenue of ₹94.85 Billion an increase over the revenue in the year 2022 that were of ₹77.33 Billion.
Awards & Recognitions
According to the 2024 Brand Finance India 100 Report, Persistent is the fastest-growing IT Services brand, with a 327% increase in brand value and a 36% rise in brand strength. Additionally, the company has been named a Challenger in the 2024 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services. Persistent has also earned prestigious awards, including being recognized as the “Most Promising Company of the Year” at CNBC TV18’s India Business Leader Awards.
Further cementing its position as a leader, Persistent was named a Leader and Star Performer in Everest Group’s Software Product Engineering Services PEAK Matrix 2024. In the HFS Horizons 2024 Report, Persistent was acknowledged as a Market Leader in “Assuring the Generative Enterprise™.” The company also received the 2023 ISG Star of Excellence Awards in categories such as Universal Industry, Cloud Native, BFSI, and Healthcare and Pharmaceuticals. These accolades underscore Persistent’s strong market presence and leadership in the IT services space.
Conclusion
Persistent systems prioritize forecasted technologies. System operators must assess the potential impact of the forecast on society, resources, etc., and the lead time, from warning to event, to determine appropriate signals to track, threshold levels, and optimal resource allocation methods.Persistent Systems remain a cornerstone of modern computing infrastructure, facilitating data continuity, consistency, and integrity, while adapting to the growing demands of security, scalability, and real-time processing. Their continued evolution will play a key role in shaping the future of data-driven technologies.
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