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Persistent Systems
BSE: 533179|NSE: PERSISTENT|ISIN: INE262H01013|SECTOR: Computers - Software
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Company History - Persistent Systems
Our Company was incorporated as Persistent Systems Private Limited on
 May 30, 1990. Our Company wassubsequently converted into a public
 limited company on September 17, 2007 with the name Persistent
 SystemsLimited and a new certificate of incorporation was issued on
 September 28, 2007 from the RoC.
 
 Changes in Registered Office
 
 The registered office of our Company was changed from =Renuka',
 39/54, Erandvana, Lane 9B, Prabhat Road,Pune 411 004 to =Panini', 2
 A, Senapati Bapat Road, Pune 411 016 with effect from May 4, 2000
 pursuant to a resolution of the Board dated May 5, 2000 and
 subsequently, our registered office was changed to its present
 location being =Bhageerath', 402, Senapati Bapat Road, Pune 411 016
 with effect from October 19, 2001 pursuant to a resolution of the
 Board on October 19, 2001. The changes in registered office were for
 administrative reasons.
 
 Key events and milestones
 
 1991
 
 -Incorporated on May 30, 1990
 
 1992
 
 -Received the First Prize from Government of Maharashtra, Small Scale
 Division for Export performance.
 
 1993
 
 -Received the First Prize from Government of Maharashtra, Small Scale
 Division for Export performance.
 
 1997
 
 -Received the First Prize from Government of Maharashtra, Small Scale
 Division for Export performance.
 
 1999
 
 -Recognised as a Microsoft Solution Provider for demonstrated
 expertise and commitment to providing business solutions based on
 Microsoft products.
 
 -Started operations at =Panini‘ new owned premises at Pune, India
 
 2000
 
 -Introduced employees stock options scheme.
 
 -Became one of the first companies in Asia to receive an investment
 from Intel 64 LLC.
 
 2001
 
 -Investment by Intel 64 LLC.
 
 -- Started operations at =Bhageerath' new state-of-the-art owned
 premises at Pune, India
 
 - Appointed three Independent Directors on the Board
 
 -Set up Persistent Systems, Inc., our wholly owned subsidiary in
 U.S.A.
 
 2003
 
 -Microsoft award on outstanding contribution to the Microsoft
 Development Network Community.
 
 --Our product ¨DEnList Report Server¡¬ wins CSI-Infosys Award 2001
 for best shrink-wrapped software product 
 
 2004
 
 -Set up a branch office at Edinburgh, Scotland, UK
 
 -Development center at Nagpur, India became operational
 
 -Ranked as the 11th fastest growing Indian company in the .Technology
 Fast 500 Asia Pacific 2004 Winner Report¡® of Deloitte
 
 2005
 
 -Joined Microsoft RFID partners council
 
 - Set up a branch office at Tokyo, Japan.
 
 - Ranked as the 22nd fastest growing Indian technology company as per
 .Technology Fast 500 Asia Pacific Ranking and CEO Survey 2005 Report¡®
 by Deloitte
 
 -Company joins the Microsoft RFID partners council
 
 2006
 
 -Acquired Goa based ControlNet (India) Private Limited.
 
 -Started operations at =Pingala-Aryabhata‘, new owned premises at
 Pune, India.
 
 -Joint investment by Norwest and Gabriel.
 
 -Investment by Intel Mauritius
 
 -Ranked 37th among the top 50 fastest growing Indian technology
 companies by Deloitte Touch¨¦, Asia Pacific, 2006
 
 2007
 
 -Became a Search Appliance Partner‘ for Google Inc.
 
 -Received the IT Enterprise (Special Awards) for the Maharashtra
 Information Technology Award for the year 2007 from Government of
 Maharashtra for our Nagpur unit
 
 -Ranked amongst the top 500 companies in the .Deloitte Technology
 Fast 500 Asia Pacific 2007¡® report
 
 -Winner of the .Red Herring 100 Global¡® award 2007
 
 -Won Market Growth Strategy Award for OPD Market for the FY 2007 for
 Mid-market
 
 -Ranked 84th in .Electronics For You ¨CTop 100 Companies¡® based on
 revenue
 
 2008
 
 -Converted into a public limited company by a special resolution
 passed at the EGM held on September 17, 2007. The fresh certificate
 of incorporation consequent on conversion was issued to our Company
 on September 28, 2007 by the RoC.
 
 -Ranked 40th as per total income, in Dun and Bradstreet's India's Top
 IT Companies 2008
 
 - Signed an asset purchase and sale agreement with Metrikus (India)
 Private Limited, Hyderabad, India and accordingly set up Hyderabad
 branch office.
 
 -Opened a branch office at Rotterdam, The Netherlands
 
 -Formed a wholly owned subsidiary, Persistent Systems Pte. Ltd. in
 Singapore
 
 -Set up branch offices at Ottawa and Vancouver, Canada
 
 -Received an ISO27001:2005 Certification for Pune (except Hinjewadi),
 Nagpur and Goa
 
 2009
 
 -Set up a branch office at Quebec, Canada
 
 -Formed a wholly owned Subsidiary, Persistent Systems and Solutions
 Limited in Pune, India
 
 -Formed a public charitable institute, Persistent Foundation to
 institutionalise our Corporate Social Responsibility initiative.
 
 -Featured in the Delloitte Technology Fast 500 Asia Pacific 2009
 Ranking
 
 -Won the NASSCOM Innovation Award for 2008, in the .Market Facing ¨C
 Business Process and Business Model category.
 
 -Won the Institute of Chartered Accountants of India (¨DICAI¡¬) Award
 for excellence in financial reporting.
 
 -Ranked 9th on Fast Company¡®s Fast 50 Readers Favorites of 2008 in
 the companies using .business as a force of positive change and
 helping its customers¡®
 
 -Ranked as a Top Twelve IT Outsourcing Vendor of manufacturing and
 supply chain services to the life sciences market.
 
 2010
 
 -Acquired certain assets of Paxonix, Inc., a subsidiary of
 MeadWestvaco Corporation through the wholly owned subsidiary of our
 Company viz. Persistent Systems, Inc.
 
 -Received DIN EN ISO 9001:2008 certification for the software design,
 development, testing, support, enhancement services for the ChemLMS
 Product.
 
 -Persistent Systems Ltd has appointed Mr. Prakash Telang and Mr.
 Kiran Umrootkar as Additional Directors of the Company with effect
 from August 19, 2010, to hold office upto the date of the next Annual
 General Meeting of the Company.
 
 2011
 
 -Persistent Systems Wins Titanium Award at the Asset Triple A
 Corporate Awards 2010.
 
 -M/1M Announces Partnership with Persistent Systems;
 CowardEngineering First Beneficiary.
 
 -Persistent Systems buys US firm Infospectrum.
 
 -Sprint Nextel and Persistent Systems Enters into a Joint Venture.
 
 -Persistent Systems Recognized as a Leading Player in the Cloud
 Computing and Software / ISV R&D Segments by Zinnov Management
 Consulting.
 
 -Persistent Systems Partners with IL&FS Education for Developing
 Mobile Based Learning Applications.
 
 -Persistent Systems Expands Presence in Nagpur; Inaugurates New
 Facility.
 
 2012
 
 -Persistent Systems Offers Academic Research Grant To Indiana
 University.
 
 -Persistent Systems Ranked for Excellence in Corporate Governance by
 ICSI.
 
 -Persistent Systems Develops Exploriments Mobile Learning Apps for
 Global iPad Community.
 
 -Persistent Systems Announces Strategic Solutions with IBM InfoSphere
 Biginsights.
 
 -Persistent Systems Unveils Modern Enterprise Applications at E2
 Innovate 2012.
 
 -Persistent Systems' eMee Helps TCabs Launch Exclusive Cab Miles
 Program.
 
 
 
 
   
Source : Dion Global Solutions Limited
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