Persistent Systems Limited

Strengthens Persistent's focus on AI-led transformation for private equity firms and their portfolio companies

SANTA CLARA, Calif. and PUNE, India, March 20, 2026 /PRNewswire/ -- Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, today announced the appointment of Hari S. Abhyankar as Executive Vice President and Global Head of Private Equity and Professional Services.

As private equity firms compress value-creation cycles and place greater emphasis on AI-led transformation, the need for execution partners who can deliver results at speed is increasing. Persistent is scaling its focus in this segment, bringing together its engineering-led capabilities, AI expertise and platform-driven approach to support investors and their portfolio companies from diligence through value realization.

In this role, Hari will lead Persistent's global strategy and growth across private equity investors, their portfolio companies and professional services organizations. He will work closely with clients to accelerate revenue growth, enable platform modernization and drive faster realization of transformation priorities across portfolios, while also expanding EBITDA through improved operational efficiency and value creation.

Hari brings over 25 years of experience at the intersection of strategy, technology and business transformation. He previously served as a Partner at McKinsey & Company, advising leading technology companies and global enterprises on corporate strategy, large-scale transformation and revenue acceleration initiatives. Following his tenure at McKinsey, he worked with AI-native startups, focusing on scaling technology-led innovation and next-generation operating models. He has also held senior leadership roles at Interpublic Group and Digitas, where he built and led analytics, digital strategy and data-driven marketing organizations serving global technology and enterprise clients. Hari holds a PhD in Operations Management from the MIT Sloan School of Management.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent

"Private equity is a strategic growth engine for Persistent. As investors push for faster value creation across their portfolios, the ability to move from strategy to execution at speed becomes critical. This is where Persistent stands apart. We combine engineering depth, AI-led platforms and execution discipline to deliver results that matter, from accelerating growth to improving operating margins and enabling exit readiness. Hari's experience strengthens our ability to deepen our engagement with private equity firms and drive sustained performance across their portfolios."

Hari S. Abhyankar, Executive Vice President and Global Head of Private Equity and Professional Services, Persistent

"Private equity firms are operating in an environment where value creation needs to be faster, more predictable and more technology-driven than ever before. This requires a fundamentally different approach, one that integrates strategy with execution and scales results across the portfolio. Persistent's engineering-led DNA and focus on AI-driven transformation position it strongly to address this need. I look forward to working with our clients and partners to accelerate portfolio performance and deliver measurable business results."

About Persistent

Persistent Systems (BSE: 533179 and NSE: PERSISTENT) is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 26,500 employees located in 18 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent is also a constituent of the Dow Jones Sustainability World Index. The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. Persistent has also been named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 468% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in 'Brand Finance India 100' 2025 Report. 

www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs

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Ranks 9^th in the region and 7^th in India

SANTA CLARA, Calif. and PUNE, India, March 10, 2026 /PRNewswire/ -- Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, has been named to TIME and Statista's Best Companies in Asia-Pacific 2026 list, ranking 9^th in the Professional Services category across Asia-Pacific and 7^th within India. Among Indian enterprises, the Company ranked 46^th out of 179 companies, positioning in the top quartile nationally.

Published by TIME in collaboration with Statista, the Best Companies in Asia-Pacific list evaluates organizations across three core dimensions: Employee Satisfaction, Financial Performance and Sustainability Transparency (ESG). The rankings are based on structured analysis of employee survey data, financial disclosures and standardized ESG metrics.

The recognition reflects Persistent's sustained growth, disciplined execution of its AI-led digital engineering and enterprise modernization strategy, as well as continued long-term stakeholder value creation. The Company fosters a culture of continuous learning, enabling employees to evolve their skill set at pace with the rapid advancements in technology. High employee retention and strong client satisfaction reflect a workplace built on collaboration, innovation and measurable impact.

Persistent's forward-looking governance framework and operational rigor have reinforced its credibility as a resilient, future-ready organization. As a result of this commitment to ESG, Sustainability Transparency was Persistent's highest-scoring evaluation dimension. The Company has achieved measurable reductions in carbon emissions and continues to strengthen its ESG disclosures and governance standards. Persistent maintains robust data privacy practices, has set ambitious diversity objectives and holds ISO 42001 certification for AI management systems, reinforcing its commitment to responsible and ethical AI adoption.

This ranking strengthens confidence among clients, partners and investors, affirming Persistent's credibility as a trusted long-term technology partner. As the Company continues to expand globally, it remains focused on disciplined growth, responsible innovation and sustained value creation across the markets it serves.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent

"Our inclusion in TIME's Asia-Pacific Best Companies 2026 ranking is an independent, data-driven validation of our consistent performance and the discipline with which we continue to scale our business. Our focus on customer value creation, innovation-led execution and talent development continues to deliver measurable outcomes and build resilient partnerships. As we advance our AI-first strategy, we remain committed to strengthening governance, enhancing workforce readiness and building long-term stakeholder trust."

Niels Terfehr, Vice President, Research & Analysis, Statista R

"Persistent has been awarded on TIME's Best Companies Asia-Pacific 2026 List, reinforcing its position as a leading organization in the region. The Company has achieved strong scores in employee satisfaction and revenue growth. Persistent also distinguished itself through exceptional performance in environmental transparency and sustainability. Driven by significant reductions in carbon emissions intensity, the Company ranked in the top 15% of all Asia-Pacific companies evaluated in this category. This recognition reflects Persistent's commitment to sustainable growth, operational excellence and delivering long-term value for its stakeholders."

About Persistent

Persistent Systems (BSE: 533179 and NSE: PERSISTENT) is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 26,500 employees located in 18 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent is also a constituent of the Dow Jones Sustainability World Index. The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. Persistent has also been named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 468% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in 'Brand Finance India 100' 2025 Report.

www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs

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