Persistent Systems Limited

Provides outsourced software product development, testing, support, and professional services since 1990.

1990 | Pune, Maharashtra (India) | Active
Last Updated:

Persistent Systems Profile

Key Indicators

  • Authorised Capital ₹ 200.00 Cr
  • Paid Up Capital ₹ 77.93 Cr
  • Company Age 34 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 215.00 Cr
  • Satisfied Charges ₹ 248.65 Cr
  • Revenue Growth 40.01%
  • Profit Growth 15.35%
  • Ebitda 32.57%
  • Net Worth 18.76%
  • Total Assets 24.20%

About Persistent Systems

Persistent Systems Limited (PSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 May 1990 and has a history of 34 years and ten months. Its registered office is in Pune, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 533179 and on the National Stock Exchange(NSE) under PERSISTENT.

The Corporate was formerly known as Persistent Systems Private Limited. The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 200.00 Cr and a paid-up capital of Rs 77.93 Cr.

The company currently has active open charges totaling ₹215.00 Cr. The company has closed loans amounting to ₹248.65 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Persistent Systems Limited India are Vinit Teredesai as Cfo, Sandeep Kalra as Ceo, and Amit Atre as Company Secretary. Avani Davda, Sandeep Kalra, Arvind Goel, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L72300PN1990PLC056696

  • Company No.

    056696

  • Stock Symbol

    BSE : 533179 NSE : PERSISTENT

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    30 May 1990

  • Date of AGM

    16 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Pune

Industry

Information Technology
Company report

Persistent Systems Limited

Explore comprehensive data for Persistent Systems Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Persistent Systems?

Executive Team (4)

NameDesignationAppointment DateStatus
Anand Deshpande Country flag representing In Managing Director19-Oct-1990Current
Vinit Teredesai Country flag representing In CFO13-Jun-2024Current
Sandeep Kalra CEO23-Oct-2020Current
Amit Atre Company Secretary01-Jun-2013Current

Board Members (9)

NameDesignationAppointment DateStatus
Sunil Sapre Country flag representing In Whole-Time Director 27-Jan-2018Current
Roshini Bakshi Country flag representing In Director 26-Jul-2014Current
Avani Davda Country flag representing In Director 28-Dec-2021Current
Arvind Goel Country flag representing In Director 07-Jun-2022Current
Ajit Ranade Country flag representing In Director 06-Jun-2023Current
Sandeep Kalra Country flag representing In Whole-Time Director 11-Jun-2019Current

Financial Performance of Persistent Systems.

Persistent Systems Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 40.01% increase. The company also saw a substantial improvement in profitability, with a 15.35% increase in profit. The company's net worth Soared by an impressive increase of 18.76%.

Persistent Systems revenue growth over time
Persistent Systems profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
40.01%
Revenue from Operations
43.13%
Total Assets
24.20%
Profit or Loss
15.35%
Net Worth
18.76%
EBITDA
32.57%

What is the Ownership and Shareholding Structure of Persistent Systems?

In 2023, Persistent Systems had a promoter holding of 31.26% and a public holding of 68.74%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹215.00 Cr

Satisfied Charges

₹248.65 Cr

Charges Breakdown by Lending Institutions

  • Others : 200.00 Cr
  • Citi Bank N.A. : 15.00 Cr

Latest Charge Details

DateLenderAmountStatus
25 Aug 2023Others₹50.00 CrOpen
15 May 2019Others₹150.00 CrOpen
10 Oct 2005Citi Bank N.A.₹15.00 CrOpen
25 Sep 2019Others₹49.80 CrSatisfied
21 May 2019State Bank Of India₹50.00 CrSatisfied

How Many Employees Work at Persistent Systems?

Persistent Systems has a workforce of 20249 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Persistent Systems Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Persistent Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Persistent Systems's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Persistent Systems

Recent activity within the organization

  • Annual General Meeting

    Persistent Systems Limited last Annual general meeting of members was held on 16 Jul 2024 as per latest MCA records.

  • Director Appointment

    Vinit Ajit Teredesai was appointed as a Cfo was appointed as a Cfo on 13 Jun 2024 & has been associated with this company since 9 months 25 days .

  • Balance Sheet

    Persistent Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100772698 was registered on 25 Aug 2023.

  • Charges

    A charge with Others of Rs. 150.00 Cr registered on 15 May 2019 with Charge ID 100267056 was modified on 18 Jul 2023.

  • Director Appointment

    Ajit Keshav Ranade was appointed as a Director was appointed as a Director on 06 Jun 2023 & has been associated with this company since 1 year 10 months .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Persistent Systems Limited?

    Persistent Systems Limited was incorporated on 30 May 1990.

  • What is authorized share capital and paid-up capital of Persistent Systems Limited?

    The authorized share capital of Persistent Systems Limited is ₹ 200.00 Cr and paid-up capital is ₹ 77.93 Cr.

  • Who are the current board members & directors of Persistent Systems Limited?

    Currently 13 directors are associated with Persistent Systems Limited.

    • Avani Vishal Davda
    • Sandeep Kumar Kalra
    • Arvind Hari Goel
    • Roshini Hemant Bakshi
    • Ajit Keshav Ranade
    • Anand Suresh Deshpande
    • Praveen Purushottam Kadle
    • Sunil Yeshwant Sapre
    • Ambuj Goyal
    • DanL Donn Lewin
    • Vinit Ajit Teredesai
    • Sandeep Kumar Kalra
    • Amit Murari Atre

  • What is the registered address of Persistent Systems Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Persistent Systems Limited is Bhageerath 402 Senapati Bapat Road India, Pune, Maharashtra, 411016.

  • What is the corporate identification number (CIN) and company number of Persistent Systems Limited?

    The corporate identification number (CIN) of Persistent Systems Limited is L72300PN1990PLC056696 and the company number is 056696 as per Ministry of Corporate Affairs (MCA).

  • Is Persistent Systems Limited registered with any stock exchange in India?

    Yes, Persistent Systems Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): PERSISTENT.

  • What is the official website of Persistent Systems Limited?

    The Official website of Persistent Systems Limited is https://www.persistent.com

  • What has been the recent revenue trend for Persistent Systems Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Persistent Systems Limited has risen by 40.01%.

  • How many employees does Persistent Systems Limited currently have?

    As Per 2023 financial reports, 20249 employees are currently employed by Persistent Systems Limited.

  • What change has been observed in the net worth of Persistent Systems Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Persistent Systems Limited has experienced an upsurge of 18.76%.

  • What are the total open charges for Persistent Systems Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Persistent Systems Limited amount to ₹ 215.00 Cr.

  • When was the last Balance Sheet of Persistent Systems Limited filed with the ROC?

    The most recent Balance Sheet for Persistent Systems Limited was filed with the ROC on 31 Mar 2024.

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