Santa Clara, USA, and Pune, India, July 10, 2024 /PRNewswire/ — Persistent Systems (BSE: PERSISTENT, NSE: PERSISTENT) has achieved distinguished recognition for its exemplary governance practices and executive leadership in the prestigious “2024 Asia (ex-Japan) Executive Team” survey conducted by Institutional Investor. This accolade highlights Persistent’s commitment to excellence in corporate governance and its strong leadership team.

Top Rankings Across Multiple Categories

Persistent Systems has been ranked among the top three in various categories, specifically in the Asia Pacific ex-Japan, Rest of Asia, and Small & Midcap sectors within the Technology, IT Services, and Software industry. These rankings are a testament to the company’s robust governance framework and the effective leadership of its executives.

High Marks from Portfolio Managers and Analysts

The survey, esteemed for its credibility, is based on the assessments of leading portfolio managers and analysts who evaluate companies across several criteria. Persistent Systems’ leadership has impressed these experts, securing top positions in the Small & Midcap category for its sector.

Recognized Executives

Key individuals from Persistent Systems have been particularly acknowledged:

• Sandeep Kalra, Chief Executive Officer, secured the first position for his leadership in driving the company’s growth and innovation.
• Sunil Sapre, Former Chief Financial Officer, was also ranked first, highlighting his significant contributions to the company’s financial health and strategic initiatives.
• Persistent’s Investor Relations Program achieved the top ranking, reflecting its transparency, communication effectiveness, and investor engagement.

Commitment to Excellence

Sandeep Kalra, CEO of Persistent Systems, expressed his gratitude for the recognition, stating, “This accolade from Institutional Investor is a reflection of our unwavering dedication to strong governance and leadership. It is an honor to be acknowledged by the esteemed portfolio managers and analysts, and it motivates us to continue our journey of excellence and innovation.”

Acknowledgement of Strong Governance

The recognition in the “2024 Asia (ex-Japan) Executive Team” survey underscores Persistent Systems’ strategic focus on maintaining high standards of governance, ethical practices, and executive performance. This acknowledgment reinforces the company’s reputation as a leader in the technology and IT services industry.

Persistent Systems continues to set benchmarks in corporate governance and leadership, driving sustainable growth and value for its stakeholders. The company’s commitment to excellence is evident in its continuous pursuit of innovation, transparency, and effective communication with the investment community.

Persistent Systems remains dedicated to enhancing its governance practices and strengthening its leadership team, ensuring its position as a trusted and forward-thinking company in the global market.