Subsidiaries
The Company does not have any material non listed Indian subsidiary Company, whose turnover or net worth (paid up capital and free reserves) exceeds 20% of the consolidated turnover or net worth of the Company.
The Audit Committee and the Board of Directors review the consolidated financial statements of the Company and its subsidiary companies on a regular basis.
The Audit Committee and the Board of Directors look into the related party transactions entered into by the Company including those with the subsidiary companies.
Details of percentage holding of the Company in the subsidiary companies:
| NAME OF THE SUBSIDIARY COMPANY | HOLDING PERCENTAGE |
|---|---|
| Persistent India Foundation, India | 100% |
| MediaAgility India Private Limited, India | 100% |
| Persistent Systems UK Limited, UK | 100% |
| Persistent Systems Malaysia Sdn. Bhd., Malaysia | 100% |
| Persistent Systems Pte. Ltd., Singapore | 100% |
| Persistent Systems France S.A.S., France~ | 100% |
| Persistent Systems Germany GmbH, Germany~ | 100% |
| Persistent Systems Switzerland AG, Switzerland~ | 100% |
| Persistent Systems Costa Rica Limitada* | 100% |
| Persistent Systems S.r.l., Romania~ | 100% |
| Persistent Systems Inc., USA | 100% |
| Persistent Systems Ireland Operations Limited | 100% |
| Persistent Systems Lanka (Private) Limited, Sri Lanka~ | 100% |
| Persistent Systems Poland spolka z.o.o., Poland~ | 100% |
| Persistent Systems Israel Ltd., Israel* | 100% |
| Persistent Systems Mexico S.A. de C.V., Mexico* | 100% |
| Persistent Systems Australia Pty. Ltd., Australia* | 100% |
| MediaAgility Inc., USA* | 100% |
| MediaAgility Pte. Ltd., Singapore** | 100% |
| MediaAgility UK Ltd., UK** | 100% |
| Digitalagility S de RL de CV, Mexico** | 100% |
| Persistent Systems Estonia OÜ, Estonia~ | 100% |
| Galaxy Germany Holding SE | 100% |
| "Baixinteng System Service (Shanghai) Co. Ltd. i.e., Persistent Systems (Shanghai) Co. Ltd.^" | 100% |
(*) Subsidiary of Persistent Systems, Inc. and Step-down subsidiary of Persistent Systems Limited, India.
(^) Subsidiary of Persistent Systems Pte. Ltd., Singapore and Step-down subsidiary of Persistent Systems Limited, India.
(~) Subsidiary of Persistent Systems Ireland Operations Limited , Ireland and Step-down subsidiary of Persistent Systems Limited, India.
(**) A subsidiary of MediaAgility Inc. USA, Step down subsidiary of Persistent Systems Inc., and Ultimate Parent Company being Persistent Systems Limited.
- Persistent Systems Ireland Operations Limited, Ireland is a wholly owned subsidiary of Persistent Systems Limited, effective from December 5, 2025.
- Persistent Systems Switzerland AG is a wholly owned subsidiary of Persistent Systems Ireland Operations Limited, Ireland, effective from December 24, 2025.
- Persistent Systems Costa Rica Limitada is a wholly owned subsidiary of Persistent Systems Inc., effective from December 24, 2025.
- Persistent Systems S.R.L., Romania (100%) is a wholly owned subsidiary of Persistent Systems Ireland Operations Limited, Ireland, effective from February 24, 2026.
- Establishment of a 100% subsidiary of the Singapore entity in China, effective from February 27, 2026. The name of the entity is Baixinteng System Service (Shanghai) Co. Ltd. [i.e., Persistent Systems (Shanghai) Co. Ltd.].
- Merger of PTSI with PSI, effective from February 28, 2026.
- Merger of Starfish LLC with PSI, effective from March 2, 2026.
- Persistent Systems Poland spolka z.o.o., Poland (100%) is a wholly owned subsidiary of Persistent Systems Ireland Operations Limited, Ireland, effective from March 4, 2026.
- Persistent Systems France SAS, France is a wholly owned subsidiary of Persistent Systems Ireland Operations Limited, Ireland, effective from March 25, 2026.
- Persistent Systems Germany GmbH., Germany is a wholly owned subsidiary of Persistent Systems Ireland Operations Limited, Ireland, effective from March 31, 2026.
Documents of Indian Subsidiaries
| NAME OF THE INDIAN SUBSIDIARY COMPANY | DOWNLOADS |
|---|---|
| Capiot Software Private Limited | Annual Return Form MGT 7 |
| MediaAgility India Private Limited | Annual Return Form MGT 7 FY 2022-23 |
| MediaAgility India Private Limited | Annual Return Form MGT 7 FY 2023-24 |
| MediaAgility India Private Limited | Annual Return Form MGT 7 FY 2024-25 |
| MediaAgility India Private Limited | CSR Policy |
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