Persistent Systems Ltd, a global leader in Digital Engineering and Enterprise Modernization, has achieved a significant milestone by securing positions in the MSCI India Index, S&P BSE 100, and S&P BSE SENSEX Next 50. This accomplishment reflects the company’s notable growth and standing within the Indian market.

The MSCI India Index, comprising 122 constituents, serves as a comprehensive measure of large and mid-cap segments, covering approximately 85% of the equity universe in India. 

The S&P BSE 100 includes the 100 largest and most liquid Indian companies, while the S&P BSE SENSEX Next 50 incorporates the next 50 largest and liquid stocks following the S&P BSE SENSEX 50.

The company’s inclusion in these indices follows remarkable financial growth, with revenue doubling to over $1 billion for the fiscal year ending March 2023, achieving a notable Compound Annual Growth Rate (CAGR) of 27% over three years.

Persistent Systems attributes its success to client commitment, identifying technology trends, and delivering value through operational rigour and strategic partnerships. Beyond technological innovation, the company’s strategic prowess and ecosystem of partnerships consistently provide tangible value to clients, partners, employees, and shareholders.

Sandeep Kalra, CEO and Executive Director of Persistent Systems expressed that these inclusions enhance the company’s credibility as a pioneering Digital Engineering and Enterprise Modernization firm, motivating them to continue investing in fortifying their position.

Persistent Systems had previously earned inclusion in three National Stock Exchange indices in India for the fiscal year 2023 — Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15. The recent additions underscore Persistent’s commitment to creating enduring value.