Company overview
- Sector
- Technology, Software & IT Services
- Sub-sector
- Information Technology & Services
- Mandate (derived)
- Technology & Engineering
- Parent headquarters
- Pune, Maharashtra, India
- Parent revenue (USD)
- $1,600,000,000
- Parent headcount
- 17,553
- India headcount
- Not disclosed
GCC locations
- Pune
- Nagpur
- Bengaluru
- Hyderabad
Department mix
Global department counts, used as a proxy for the India mandate. These are not India team counts.
Technology stack
- .GIS
- .NET
- 24-7 Media
- 3M 360 Encompass - Health Analytics Suite
- ABAP
- AC500 PLC
- ACCELQ
- ACL
- ADAPT
- ADP Applicant Tracking System
- ADP SmartCompliance®
- AI
- AMP
- ANGEL LMS
- API Gateway
Public leadership
Abhishek Khadikar
Delivery Head | Vice President - Engineering for Banking and Financial Technology Solutions
Public leadership listed in the dataset; the role is not necessarily the India GCC head.
Research overview
Persistent Systems Limited is an India-headquartered (Pune) multinational IT services and software engineering company founded in 1990 by Anand Deshpande, publicly listed on the NSE and BSE since March 2010. Operates globally as a Digital Engineering and Enterprise Modernization partner, reporting Q1 FY27 (quarter ended June 2026) revenue of $452.4M (16.1% YoY growth), and in mid-2026 agreed to acquire Nagarro to form a combined group with roughly $2.9B in annualized revenue.
- India launch
- 1990
- Maturity
- Multi-Function / Full-Stack GCC
Persistent's India footprint is not a captive unit of a foreign parent but the company's own global corporate headquarters and largest delivery base, encompassing engineering, product development, sales/GTM support, and corporate functions - 'full-stack' is the closest fit though strictly it is an Indian-headquartered multinational rather than a classic GCC.
Location rationale
Pune is Persistent's home base and founding city, chosen by founder Anand Deshpande (a former Hewlett-Packard engineer) for its deep engineering-college talent pool; Nagpur, Bengaluru, and Hyderabad were added over time to diversify talent access and delivery capacity.
Timeline
- 1990
Founded in Pune by Anand Deshpande with a $21,000 investment.
- 2000
Intel Capital invests $1 million for a 3.5% stake.
- 2010-03
Lists on the National Stock Exchange and Bombay Stock Exchange via IPO.
- 2014
Incorporates Accelerite as a Silicon Valley-based software products subsidiary.
- 2024-05
Vinit Teredesai (ex-LTIMindtree) appointed Chief Financial Officer.
- 2026-06-27
Signs Business Combination Agreement with Nagarro (all-cash voluntary public takeover offer at EUR 81/share) to form the Persistent-Nagarro Group.
- 2026-08-06
Acceptance period commences for Persistent's public takeover offer for Nagarro shares.
Leadership context
Sandeep Kalra is the current CEO and Managing Director of Persistent Systems; founder Anand Deshpande remains associated with the company in a chairman capacity. On-file headName 'Abhishek Khadikar' with title 'Delivery Head | VP Engineering for Banking and Financial Technology Solutions' is a business-unit/functional leadership role, not the company's overall head.
Hiring signal
- Open roles
- Not disclosed
- As of
- 2026-08-26
News and developments
Persistent and Nagarro Sign Business Combination Agreement
Persistent agreed to acquire Nagarro via an all-cash voluntary public takeover offer at EUR 81/share, forming the 'Persistent-Nagarro Group,' a global leader in AI-led digital engineering with combined annualized revenue of about $2.9 billion.
2026-06-27 PR Newswire / Persistent Systems newsroom ↗
Persistent Achieves $452.4M Revenue in Q1 FY27 with 16.1% YoY Growth
Persistent reported Q1 FY27 revenue of $452.4M, EBIT growth of 32.7% YoY, and its highest-ever quarterly total contract value (TCV) of $1.15B.
2026-08-02 Persistent Systems newsroom ↗
Acceptance Period Commences for Nagarro Public Takeover Offer
Persistent published the public takeover offer document for all outstanding Nagarro shares, opening the formal acceptance period following shareholder approval on August 4, 2026.
2026-08-06 Persistent Systems newsroom ↗
Sources
Sources and research notes
Source: Indian GCC 2026 Master Compendium, Company Master and research records. Sector, mandate and public leadership are derived fields. Missing values are shown as not disclosed. Revenue and global headcount describe the parent company, not the India centre.