The company has accepted his resignation and November 24, 2017 will be his last day with the company, Persistent Systems said in a statement.
Persistent is targeting to maintain its profit before tax (PBT) margins at 18-20 percent this year by a strategy shift. The company will now sell its products to enterprise instead of independent software vendor (ISV) clients, Mritunjay Singh, ED and COO of Persistent said.
According to Mritunjay Singh, the funding will primarily be done through internal accruals and is therefore, completely a cash deal which is upfront payment and is very niche