Persistent Systems

What Persistent Systems does

Persistent Systems is a global Digital Engineering and Enterprise Modernization company headquartered in Pune, India, founded in 1990 and publicly listed on the BSE and NSE. It delivers AI-first software product engineering, cloud, data, and enterprise transformation services to clients concentrated in BFSI, Healthcare & Life Sciences, and Software & Hi-Tech, with delivery operations spanning 18+ countries and a workforce exceeding 27,500 employees. The company also maintains a 10-year nearshore presence in Mexico and, most recently, delivery hubs in Estonia acquired through Concise.

The technology stack centers on proprietary platforms including the GenAI Hub, the Cognitive Agentic Solutions (CAS) framework, and packaged offerings such as SheShapesAI and the AI Value Compass (co-developed with IIM Ahmedabad). Persistent has accumulated 80+ AI patents, trained 75% of its engineers in generative AI, and operates 55+ internal AI agents and 13+ AI products/solutions, applying a customer-zero model in which AI is first deployed internally before being commercialized. It holds Premier-tier status with Google Cloud (2026 Partner of the Year), Global SI status with Databricks, and aligned partnerships with AWS, Microsoft, Snowflake, ServiceNow, and Kong Inc.

The business model is a mix of time-and-materials, fixed-price, and outcome-based contracts for digital engineering services, supplemented by platform-led engagements and managed cloud services. Revenue scaled from approximately $752M in FY22 to roughly $1.58B–$1.65B in FY26, a ~21% CAGR, with net income of approximately $200M in the most recent year and a market capitalization of approximately $8.1B.

Name

Persistent Systems

Legal name

Persistent Systems Limited

Website

https://persistent.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Persistent Systems is a Pune-headquartered global digital engineering and enterprise modernization firm that delivers AI-first software product engineering, cloud, and data services to enterprise clients in BFSI, healthcare, life sciences, and software & hi-tech across 18+ countries.

Ownership category

akta.pro rank

Product category

IT Services

NAICS

Computer Systems Design and Related Services (5415), Custom Computer Programming Services (541511), Computer Facilities Management Services (541513)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Site Reliability Engineering (SRE) & Reliability Operations (BPAEAKAD)

akta.pro secondary industries

Incident Response, On-Call & Operational Readiness (BPAEAKAL), Robotic Process Automation (RPA) Platforms (HDAEAHAB), Managed Application Platforms (App PaaS & Runtime Services) (HDABAAAD)

Keywords

• Digital engineering services
• Enterprise modernization
• AI-led transformation
• Cloud infrastructure services
• Software product engineering

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Digital Engineering Services: Core revenue stream from software product engineering, application development and management, cloud infrastructure, data and analytics, and enterprise modernization services. Delivered through direct client engagement with enterprise and mid-market customers globally.
2. AI-Led Transformation: Revenue from AI-first consulting, GenAI implementation, agentic AI deployment, and AI governance services. Growing stream driven by enterprise demand for AI transformation, with the AI Value Compass framework used in client engagements.
3. CX Transformation: Customer experience transformation services including Salesforce implementation, CX platform integration, and experience design for enterprise clients.
4. Global Capability Centers: Services helping enterprises establish and operate global capability centers, including talent development and operational excellence.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Persistent Systems is a global Digital Engineering and Enterprise Modernization company that delivers AI-led software product engineering, cloud infrastructure, data and analytics, and enterprise transformation services. Its offering centers on a proprietary AI platform stack (Persistent.AI) including the GenAI Hub, iAURA 2.0, SASVA 3.0, and Agentic AI capabilities, complemented by 13+ specialized AI solutions and a full portfolio of digital engineering services delivered through a 27,500+ person global workforce across 18+ countries.

Product overview

Persistent Systems is a global Digital Engineering and Enterprise Modernization company offering a portfolio of AI platforms, AI-powered solutions, and professional services. The core offering revolves around Persistent.AI, which encompasses the GenAI Hub platform (for governing and scaling generative AI), iAURA 2.0 and SASVA 3.0 (AI assistant platforms), and Agentic AI (autonomous agent capabilities). These are complemented by 13+ specialized AI solutions including DocIntel, NetSynX, ProcessIntel, Reg(AI)ntel, Threat KG, CanImageIN, CRA Assist, EmPATHy, GenMolVS, Pi-AFDD, Pi-OmniKG, (AI)InSite, Agent Recon, and Sc(AI)Mitra. Supporting these are service offerings including Application Development & Management, Cloud & Infrastructure, Data & Analytics, Consulting, CX Transformation, Enterprise Integration, Enterprise IT Security, Software Product Engineering, Agentic Business Automation, Global Capability Centers, and Open Source Hub. The company also offers infrastructure platforms such as Cloud Automation Stack (CAS) and PiOps for intelligent operations. The overall architecture is a platform-plus-services model where AI platforms (GenAI Hub, iAURA, SASVA) serve as the intelligence layer, AI solutions provide domain-specific capabilities, and services enable enterprise transformation across industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Persistent.AI Unified AI brand and entry point that encompasses all of Persistent's AI platforms, solutions, and capabilities including GenAI Hub, iAURA, SASVA, Agentic AI, and 13+ AI solutions, serving enterprise clients across industries.
• GenAI Hub Centralized platform for governing, observing, evaluating, and managing generative AI deployments at enterprise scale, with built-in FinOps for AI cost visibility, policy-controlled model access, and reusable governance patterns for enterprise AI programs.
• iAURA 2.0 AI assistant platform providing enterprise AI capabilities for internal and client-facing applications, serving as a foundational AI building block across Persistent's service offerings.
• SASVA 3.0 Enterprise AI assistant platform enabling conversational AI, natural language processing, and task automation across enterprise workflows with built-in governance and compliance controls.
• Agentic AI Capabilities for designing, deploying, and managing autonomous AI agents that execute multi-step tasks with limited human intervention, including agent runtime controls, policy enforcement, and human-in-the-loop governance frameworks for enterprise use cases.
• Cloud Automation Stack (CAS) Set of Terraform-based building block accelerators for hybrid and multi-cloud infrastructure deployment, with 150+ ready-to-use artifacts for AWS, Azure, and GCP covering cloud migration, optimization, and modernization stages.
• Persistent Marketplace Online marketplace that features ready-to-deploy APIs, products, services, solutions, tools, and automations across categories including Cloud & Infrastructure, Data & Analytics, Business Applications, CX Transformation, Modernization, Enterprise Applications, Enterprise IT Security, and IoT, helping B2B tech buyers discover digital assets.
• Application Development & Management Service offering encompassing application and platform development, application modernization, application maintenance and support, and application portfolio rationalization for enterprise clients.
• Cloud & Infrastructure Services Service line covering hybrid and multi-cloud transformation, data center modernization, intelligent IT operations, and cloud advisory services for enterprises across AWS, Azure, and GCP.
• Data & Analytics Services Service line covering data and analytics advisory, data stack modernization, data science and machine learning, data connectors and certification, and data strategy and governance for enterprises.
• Persistent Consulting Consulting practice covering innovation strategy, experience transformation, next-gen business transformation, and change transformation for enterprise clients.
• CX Transformation Customer experience transformation services including CX strategy, Salesforce Cloud implementation, CX platform integration, customer analytics and insights, and Salesforce industry solutions and accelerators.
• Enterprise Integration Service offering enabling seamless connectivity and data flow across enterprise systems, applications, and data sources through API and integration platform implementations.
• Enterprise IT Security Security services including managed security services, security assurance and data security, governance risk and compliance, and identity access management for enterprise clients.
• Software Product Engineering Service line covering product and platform strategy, product and platform engineering, product modernization, and product sustenance and support for software and technology companies.
• Agentic Business Automation Business automation service line including process intelligence, robotic process automation, low code application development, and conversational AI for enterprise workflow automation.
• Global Capability Centers Service that helps enterprises establish and optimize technology centers of excellence, including talent development and operational excellence for global delivery.
• Open Source Hub Service providing access to Persistent's open source contributions, accelerators, and community resources for enterprise development teams.

Quantifiable outcome

• 70% faster vehicle shortlisting with GenAI sales assistant in automotive sector
• +10 more outcomes

Named customers15 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability14 records

Feature7 records

Partnerships

15 partnerships are on record, tiered flagship, core and minor.

• San Francisco UnicornsflagshipGTM or Marketing Partner · 15 June 2026Persistent serves as the Official Re(AI)magining Partner for the 2026 Major League Cricket season, integrating AI and data-driven innovation into the franchise's operations and fan engagement. Partnership includes team kit branding, in-stadium signage, digital assets, and a content series called 'Persistent Coaches' Corner' focused on coaching insights and match analysis.
• DatabrickscoreTechnology or Integration · 4 June 2026Persistent serves as a Global Systems Integrator partner of Databricks with 1,300+ Databricks experts and 950+ certifications globally. Partnership includes AI hackathons with academic institutions like Milwaukee School of Engineering, focusing on enterprise AI deployments using Delta Lake, Unity Catalog, Agent Bricks, and Databricks Workflows.
• Milwaukee School of EngineeringminorStrategic or Co-development Partner · 4 June 2026AI engineering talent collaboration with Databricks and Milwaukee School of Engineering through anchored AI Hackathon, providing students hands-on experience with enterprise-grade AI platforms and tools including Delta Lake, Unity Catalog, Agent Bricks, and Databricks Workflows.
• Kong Inc.coreTechnology or Integration · 25 May 2026Strategic partnership where Persistent serves as Kong's global systems integration partner to help enterprises implement unified control layers for APIs, data, and AI systems across hybrid and multi-cloud environments. The collaboration combines Kong's API and AI connectivity platform with Persistent's GenAI Hub and engineering-led delivery to enable organizations to modernize legacy API environments, strengthen governance, reduce operational costs, and operationalize GenAI and agentic workflows.
• IIM AhmedabadcoreStrategic or Co-development Partner · 20 May 2026Joint research collaboration to introduce the 'AI Value Compass' - a strategic decision framework designed to help enterprises prioritize and scale AI investments with measurable business outcomes. Framework evaluates AI initiatives across five critical vectors: business alignment, people readiness, operational integration, data preparedness, and risk and governance.
• Google CloudcoreTechnology or Integration · 19 May 2026Premier Google Cloud Partner with nearly two decades of experience, 50+ areas of Google Cloud expertise, multiple partner specializations, and 2,000+ Google Cloud certifications. Persistent enables enterprise-scale AI transformation across industries with Google Cloud technologies including Gemini for supply chain, cloud-native data platforms, and AI infrastructure.
• NVIDIAcoreTechnology or IntegrationPartner ecosystem includes NVIDIA for AI infrastructure and GPU computing capabilities, enabling enterprise AI deployments at scale.
• MicrosoftcoreTechnology or IntegrationLong-standing partnership with Microsoft focused on Azure-based digital transformation, cloud modernization, and AI services. Multiple industry-specific solutions built on Microsoft technology stack.
• AWScoreTechnology or IntegrationStrategic partnership with AWS for cloud transformation, AI/ML services, and enterprise modernization. Multiple customer success stories demonstrate AWS-based deployments.
• SalesforcecoreTechnology or IntegrationPartner ecosystem includes Salesforce for CX transformation, Sales Cloud implementation, and industry-specific solutions. Multiple customer deployments demonstrate Salesforce partnership capabilities.
• ServiceNowcoreTechnology or IntegrationPartner ecosystem includes ServiceNow for enterprise workflow automation, ITSM, and agentic AI implementations.
• SnowflakecoreTechnology or IntegrationPartner ecosystem includes Snowflake for data cloud, data engineering, and AI-powered analytics implementations.
• Red HatcoreTechnology or IntegrationPartner ecosystem includes Red Hat for enterprise open-source solutions, middleware, and cloud-native platforms.
• IBMcoreTechnology or IntegrationPartner ecosystem includes IBM for enterprise solutions including IBM Cloud, IBM Watson AI, and IBM Engineering Lifecycle Management tools.
• NutanixcoreTechnology or IntegrationPartnership with Nutanix for hyperconverged infrastructure, enterprise AI deployment, and data center modernization. Joint solutions include VMware to Nutanix migration services.

Scale indicators13 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Tata Consultancy Services: India-based global IT services and digital engineering giant offering application development, cloud, AI, and enterprise modernization across BFSI, healthcare, and hi-tech — Persistent's largest direct competitor across virtually every service line.
• Infosys: India-headquartered IT services and digital transformation peer with comparable AI/cloud modernization offerings (Infosys Topaz), hyperscaler partnerships, and vertical focus on BFSI and healthcare that competes head-to-head with Persistent.
• Wipro: Indian IT services major with full-stack digital engineering, cloud, and AI capabilities (Wipro ai360), targeting the same enterprise BFSI, healthcare, and consumer segments as Persistent with similar hyperscaler-aligned delivery model.
• HCL Technologies: Indian IT services peer with strong engineering, cloud, and AI offerings targeting the same enterprise verticals; competes with Persistent for digital engineering and platform modernization deals, particularly with hyperscaler-aligned clients.
• Cognizant: US-headquartered IT services and digital engineering peer with strong BFSI and healthcare verticals, comparable AI modernization practices, and similar hyperscaler partnerships — a key Persistent competitor especially in North American enterprise accounts.
• LTIMindtree: Mid-cap Indian IT services firm with comparable digital engineering, cloud, data, and AI offerings, frequently competing with Persistent on enterprise transformation deals in BFSI, healthcare, and hi-tech verticals.
• Mphasis: Mid-sized Indian IT services peer focused on cloud and cognitive services with strong BFSI vertical exposure; competes directly with Persistent on digital engineering and platform modernization engagements.
• Globant: Latin American digital engineering firm specializing in AI, cloud, and software product engineering for global enterprises — comparable to Persistent's nearshore-driven, AI-first digital engineering positioning, especially for North American clients.
• EPAM Systems: Digital engineering services peer with strong software product engineering, cloud, data, and AI capabilities serving global enterprises — comparable to Persistent in product engineering and platform-led transformation offerings.

Broad incumbents

• Accenture: Global IT services and consulting incumbent offering AI, cloud, and digital engineering at scale across all major verticals — broader portfolio than Persistent but directly competes for large enterprise AI transformation and modernization engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Persistentsys
• YouTubeyoutube.com/channel/UCcHUpqmNBz3lkTEbIVT_4mQ
• Facebookfacebook.com/PersistentSystems
• LinkedInlinkedin.com/company/persistent-systems
• Instagraminstagram.com/persistent_systems

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A20 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Persistent Systems