The Californer - Persistent Named as the 'Most Promising Company' of the Year at CNBC-TV18's India Business Leader Awards USA - English USA - English

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Reflects long ~ Persistent Systems, a global Digital Engineering and Enterprise Modernization leader, has been recognized as the 'Most Promising Company' of the Year at the 19th edition of CNBC-TV18's India Business Leader Awards (IBLA). This prestigious award acknowledges the Company's consistent growth that has been possible due to capitalizing on opportunities in this transformative technology environment while delivering sustained impact to its clients globally.

The CNBC-TV18's editorial panel and jury, comprising world-respected management strategists, academics, and corporate personalities, evaluated the candidates for the award on their ability to create short-term advantage, long-term value, a competitive edge, and demonstrate leadership excellence in the business community. The jury unanimously voted to honor Persistent as the 'Most Promising Company' in this year's IBLA.

Persistent crossed the $1 billion annual revenue milestone earlier this year. This was made possible by its unwavering client focus, strategic technology investments, and exceptional leadership team. In addition, Persistent has reported 14 consecutive quarters of industry-leading sequential growth translating into a total shareholder return of ~330% over the last three years. This performance contributed to Persistent's recent inclusion in the MSCI India Index, S&P BSE 100 and S&P BSE SENSEX Next 50 Indices.

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Sandeep Kalra, CEO and Executive Director of Persistent Systems said: "We are thrilled to be recognized as the 'Most Promising Company' at such a prestigious platform. It reinforces our commitment to innovation and being the partner of choice for our clients. I thank our 22,800+ global team members, clients, partners, and shareholders who have been instrumental in our success. This acknowledgment inspires us to continue pushing boundaries and setting new standards in our industry."

With over 22,800 employees located in 21 countries around the world , Persistent Systems is committed to aligning strategies and operations with universal principles on human rights labor environment anti-corruption as well as take actions that advance societal goals With 268% growth since 2020 Persistent is now considered as one of India's fastest growing IT Services brand according to Brand Finance

The recognition of Persistent Systems as 'Most Promising Company' at 19th edition of CNBC-TV18's India Business Leader Awards (IBLA) is a testament to its unwavering client focus strategic technology investments exceptional leadership team and commitment towards innovation which has enabled it to achieve consistent growth over time.

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