- Business
- Persistent Systems Limited (BSE: 533179, NSE: PERSISTENT) provides digital engineering, enterprise modernization, and software product development services to clients in banking, financial services and insurance (BFSI), healthcare and life sciences, software and hi-tech, consumer tech, industrial, telecom, and media sectors worldwide, including India, North America, and other international markets. Founded in 1990 and headquartered in Pune, India, the company offers a comprehensive portfolio of services encompassing Persistent.AI and GenAI Hub for generative artificial intelligence solutions; software product engineering including product and platform strategy, engineering, sustenance, support, and modernization; CX transformation with CX strategy, Salesforce cloud implementation, platform integration, customer analytics, insights, and industry accelerators; application development and management covering development, modernization, maintenance, support, and portfolio rationalization; cloud and infrastructure services such as hybrid and multi-cloud transformation, data center modernization, CloudOps framework, advisory, and intelligent IT operations (PiOps); intelligent automation including business process management, robotic process automation, low-code application development, and conversational AI; enterprise IT security with managed security, security assurance, data security, governance, risk and compliance, and identity access management; data and analytics advisory, stack modernization, data science, machine learning, connectors, certification, and strategy and governance; enterprise integration strategy, API-led integration, managed services, and migration; experience transformation through XT Studio, strategy, design, and unified experiences; Persistent Consulting for innovation strategy, next-gen business transformation, and change transformation; and global capability centers along with CX contact center intelligence, ProServ, managed services, and accelerators. Recent developments include the acquisition of Starfish Associates in July 2024 for $20 million to enhance enterprise communications automation and AI-driven business transformation capabilities; an asset purchase agreement with SoHo Dragon in September 2024 to strengthen BFSI client relationships; the announcement of intent to acquire Pune-based data privacy firm Arrka for Rs 14.4 crore in late 2024 to bolster AI governance, data privacy management platform expertise, cybersecurity, and digital governance offerings; achievement of carbon neutrality ahead of target in 2025; release of its 35th annual report and ESG report for 2024-25 emphasizing AI future transformation and sustainability; and ongoing expansion through 19 acquisitions as of April 2025, supporting inorganic growth in AI-led, platform-driven services.