No, Persistent is not a traditional product based company. It is primarily an IT services and digital engineering company that supports other businesses with developing, enhancing and managing the software product.
Persistent Systems is a trusted technology partner to global companies. It offers services in cloud computing, software product engineering, data analytics, cybersecurity and digital transformation. Although it has very good product engineering skill, it primarily provides services and solutions to customers, instead of selling its large-scale software products.
Quick Overview of Persistent Systems
| Details | Info |
| Founded | 1990 |
| Founder | Anand Deshpande |
| Headquarters | Pune, Maharashtra, India |
| CEO | Sandeep Kalra |
| Industry | Information Technology |
| Employees | 23,941 (Dec 2024) |
| Revenue | ₹11,938 crore (2025) |
| Website | persistent.com |
Company History
Anand Deshpande founded Persistent Systems in 1990 with an investment capital of $21,000. He was previously working in Hewlett-Packard and wanted to establish a good technology company in India.
In 2000, Intel Capital invested in the company. Persistent Growing steadily and listed in the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in 2010.
Over the years, the company has bought a number of businesses in cloud computing, Salesforce consulting, enterprise software, and data management. These acquisitions helped Persistent to strengthen its digital transformation capabilities and cloud service offerings in global markets.
Current Status
Persistent Systems is a global IT services company. It is focused on cloud services, artificial intelligence (AI), the internet of things (IoT), big data, and software engineering. The company provides service to clients in the banking, medical, telecom, and other sectors.
It has more than 23,000 professionals and supplies projects for clients throughout North America, Europe and Asia. Persistent continues to expand its revenue and profit through strategic acquisitions and great client relationships.
Future Outlook
Persistent looks to expand its digital engineering and AI-driven services. The company is planning to improve its cloud capabilities and expand in global markets.
With the dire need for going digital, Persistent Systems is a good technological partner for businesses in the world. While it has good product engineering skills, it is largely a services-based company, rather than a product based company.
