BSECompany Update1d ago · 13 Oct 2026, 02:59 pm
The Press Release titled ''Persistent Opens Third Hyderabad Facility to Strengthen AI and Modernization Delivery'', is as enclosed.
Persistent Systems Ltd · 533179
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Persistent Systems Ltd has inaugurated its third facility in Hyderabad to strengthen AI and modernization delivery for banking, financial services, and insurance clients.
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Persistent Systems Ltd - 533179 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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NSE & BSE / 2026-27 / 157
October 13, 2026
The Manager, The Manager,
Corporate Services, Corporate Services,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, Bandra (E), P J Towers, Dalal Street,
Mumbai 400 051 Mumbai 400 001
Ref: Symbol: PERSISTENT Ref: Scrip Code: 533179
Dear Sir/Madam,
Sub: Press Release titled ‘Persistent Opens Third Hyderabad Facility to Strengthen AI and
Modernization Delivery’
We wish to inform you that Persistent Systems Limited (the ‘Company’) has made a press release
dated October 13, 2026, titled ‘Persistent Opens Third Hyderabad Facility to Strengthen AI and
Modernization Delivery’.
A copy of the Press Release is enclosed for your reference.
Thanking you,
Yours Sincerely,
For Persistent Systems Limited
Amit Atre
Company Secretary
ICSI Membership No.: ACS 20507
Encl.: As above
Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India
CIN - L72300PN1990PLC056696
Tel: +91 (20) 6703 5555 | Fax - +91 (20) 6703 6003 | E-mail - info@persistent.com | Website - www.persistent.com
Persistent Opens Third Hyderabad Facility to
Strengthen AI and Modernization Delivery
New facility provides secure, dedicated environments for Banking,
Financial Services and Insurance clients
October 13, 2026
Hyderabad and Pune, India
News Summary
Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global Digital Engineering and
Enterprise Modernization leader, has inaugurated its third facility in Hyderabad at Phoenix
Equinox in Gachibowli. The expansion strengthens Persistent’s ability to deliver programs in AI
deployment, payments modernization, cloud platforms and operational resilience for banking,
financial services and insurance clients.
The facility provides secure, dedicated workspaces for program delivery and areas for
Persistent and client teams to collaborate on AI deployment and systems modernization. It
builds on the Company’s Financial Services expertise and digital engineering capabilities to
support clients working on critical technology programs within regulated environments.
Persistent has more than 3,000 employees in Hyderabad, with existing offices at WaveRock
and Sattva Knowledge City. The new facility extends this established presence and supports
access to engineering and financial services talent in the city’s ecosystem of financial
institutions, global capability centers and fintech companies.
Barath Narayanan, Global BFSI and Europe Geo Head, Persistent
“Financial institutions are putting AI into production while modernizing the systems that underpin
their businesses. Executing these programs requires domain understanding and engineering
expertise, with security and operational continuity central to the work. Our new Hyderabad
facility provides dedicated environments for delivery and closer collaboration with client teams.
This investment also reflects our long-term commitment to developing financial services
expertise and building careers in the city.”
© 2026 Persistent Systems Ltd. All rights reserved. 1
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 28,500 employees located in 21 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 agentic business 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 Best-in-Class 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 a 22% YoY growth in brand value, Persistent has been recognized as
the Fastest Growing IT Services brand globally in the 2026 Brand Finance IT Services 25 report, among the world’s Top 25 IT Services
brands and ranks as the 12th strongest brand.
www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs
For Media Queries: media@persistent.com
© 2026 Persistent Systems Ltd. All rights reserved. 2