Financial Statements of Subsidiaries

• Persistent Systems Inc. – Q2 FY20
• Persistent Systems Malaysia Sdn. Bhd. – Q2 FY20
• Aepona Limited (Dissolved) – Q2 FY20
• Aepona Limited – Q2 FY20
• Persistent Systems Mexico, S.A de C.V. – Q2 FY20

• Youperience Germany GMBH – Q4 FY20
• Persistent Systems Pte. Ltd. – Q2 FY20
• Persistent Systems Germany GmbH – Q2 FY20
• Aepona Group Limited – Q2 FY20
• Persistent Systems Lanka (Private) Limited – Q2 FY20

• Parx Werk AG – Q2 FY20
• Youperience Limited, UK – Q4 FY20
• Persistent Systems France S.A.S. – Q2 FY20
• Persistent Telecom Solutions Inc. – Q2 FY20

• Valista Limited (In Liquidation) – Q2 FY20
• Persistent Systems Israel Limited – Q2 FY20
• Parx Consulting GmbH – Q2 FY20

• Persistent Systems Inc. – Q1 FY20
• Persistent Systems Malaysia Sdn. Bhd. – Q1 FY20
• Aepona Holdings Limited – Q1 FY20
• Aepona Limited – Q1 FY20

• Persistent Systems Mexico, S.A de C.V. – Q1 FY20
• Persistent Systems Pte. Ltd. – Q1 FY20
• Persistent Systems Germany GmbH – Q1 FY20
• Aepona Group Limited – Q1 FY20

• Persistent Systems Lanka (Private) Limited – Q1 FY20
• Parx Werk AG – Q1 FY20
• Persistent Systems France S.A.S – Q1 FY20
• Persistent Telecom Solutions Inc. – Q1 FY20

• Valista Limited – Q1 FY20
• Persistent Systems Israel Limited – Q1 FY20
• Parx Consulting GmbH – Q1 FY20

QUARTER 1

• Persistent Systems, Inc. – Q1 FY18
• Persistent Systems Malaysia Sdn. Bhd. – Q1 FY18
• Akshat Corporation (dba RGen Solutions) – Q1 FY18
• Valista Limited – Q1 FY18
• Persistent Systems Israel Limited – Q1
• Persistent Systems Pte. Ltd. – Q1 FY18
• Persistent Systems Germany GmbH – Q1 FY18
• Aepona Holdings Limited – Q1 FY18
• Aepona Limited – Q1 FY18
• Persistent Systems Mexico, S.A de C.V. – Q1 FY18
• Persistent Systems France S.A.S – Q1 FY18
• Persistent Telecom Solutions Inc. – Q1 FY18
• Aepona Group Limited – Q1 FY18
• Persistent Systems Lanka (Private) Limited – Q1 FY18

QUARTER 2

• Persistent Systems, Inc. – Q2 FY18
• Persistent Systems Malaysia Sdn. Bhd. – Q2 FY18
• Akshat Corporation (dba RGen Solutions) – Q2 FY18
• Valista Limited – Q2 FY18
• Persistent Systems Israel Limited – Q2 FY18
• Persistent Systems Pte. Ltd. – Q2 FY18
• Persistent Systems Germany GmbH – Q2 FY18
• Aepona Holdings Limited – Q2 FY18
• Aepona Limited – Q2 FY18
• Persistent Systems Mexico, S.A de C.V. – Q2 FY18
• Persistent Systems France S.A.S – Q2 FY18
• Persistent Telecom Solutions Inc. – Q2 FY18
• Aepona Group Limited – Q2 FY18
• Persistent Systems Lanka (Private) Limited – Q2 FY18

QUARTER 3

• Persistent Systems, Inc. – Q3 FY18
• Persistent Systems Malaysia Sdn. Bhd. – Q3 FY18
• Akshat Corporation (dba RGen Solutions) – Q3 FY18
• Valista Limited – Q3 FY18
• Persistent Systems Israel Limited – Q3 FY18
• Persistent Systems Pte. Ltd. – Q3 FY18
• Persistent Systems Germany GmbH – Q3 FY18
• Aepona Holdings Limited – Q3 FY18
• Aepona Limited – Q3 FY18
• Persistent Systems Mexico, S.A de C.V. – Q3 FY18
• Persistent Systems France S.A.S – Q3 FY18
• Persistent Telecom Solutions Inc. – Q3 FY18
• Aepona Group Limited – Q3 FY18
• Persistent Systems Lanka (Private) Limited – Q3 FY18

QUARTER 4

• Persistent Systems Inc. – Q4 FY18
• Persistent Systems Malaysia Sdn. Bhd. – Q4 FY18
• Akshat Corporation (dba RGen Solutions) – Q4 FY18
• Valista Limited – Q4 FY18
• Persistent Systems Israel Limited – Q4 FY18
• Persistent Systems Pte. Ltd. – Q4 FY18
• Persistent Systems Germany GmbH – Q4 FY18
• Aepona Holdings Limited – Q4 FY18
• Aepona Limited – Q4 FY18
• Persistent Systems Mexico, S.A de C.V. – Q4 FY18
• Persistent Systems France S.A.S – Q4 FY18
• Persistent Telecom Solutions Inc. – Q4 FY18
• Aepona Group Limited – Q4 FY18
• Persistent Systems Lanka (Private) Limited – Q4 FY18

QUARTER 1

• Persistent Systems, Inc. – Financial Statements – Q1 FY17
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – Q1 FY17
• Aepona Holdings Limited – Financial Statements – Q1 FY17
• Aepona Limited – Financial Statements – Q1 FY17
• Persistent Systems Israel Ltd. – Financials – Q1 FY17
• Persistent Systems Pte. Ltd. – Financial Statements – Q1 FY17
• Persistent Systems Mexico, S.A. De C.V.Financials June 2016 – Q1 FY17
• Aepona Group Limited – Financial Statements – Q1 FY17
• Valista Inc. – Financial Statements – Q1 FY17
• RGen Financials – Q1 FY17
• PSL Consolidated Financials – Q1 FY17
• PSL Standalone Financials – Q1 FY17
• Valista Limited – Ireland – Financials – Q1 FY17
• Aepona Software (Private) Limited – Financial Statements – Q1 FY17

QUARTER 2

• Persistent Systems, Inc. – Financial Statements – Q2 FY17
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – Q2 FY17
• Aepona Holdings Limited – Financial Statements – Q2 FY17
• Aepona Limited – Financial Statements – Q2 FY17
• Persistent Systems Mexico S.A. de C.V. – Q2 FY17
• Persistent Systems Pte. Ltd. – Financial Statements – Q2 FY17
• Persistent Telecom Solutions Inc. – Q2 FY17
• Aepona Group Limited – Financial Statements – Q2 FY17
• Aepona Software (Private) Limited – Q2 FY17
• Persistent Systems France S.A.S. – Q2 FY17
• Akshat Corporation (dba R-Gen Solutions) – Q2 FY17
• Valista Limited – Ireland – Financials – Q2 FY17
• Persistent Systems Israel Limited – Q2 FY17

QUARTER 3

• Persistent Systems, Inc. – Financial Statements – Q3 FY17
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – Q3 FY17
• Aepona Holdings Limited – Financial Statements – Q3 FY17
• Aepona Limited – Financial Statements – Q3 FY17
• Persistent Systems Mexico S.A. de C.V. – Q3 FY17
• Persistent Systems Pte. Ltd. – Financial Statements – Q3 FY17
• Persistent Telecom Solutions Inc. – Q3 FY17
• Aepona Group Limited – Financial Statements – Q3 FY17
• Aepona Software (Private) Limited – Q3 FY17
• Persistent Systems France S.A.S. – Q3 FY17
• Akshat Corporation (dba R-Gen Solutions) – Q3 FY17
• Valista Limited – Ireland – Financials – Q3 FY17
• Persistent Systems Israel Limited – Q3 FY17

QUARTER 4

• Persistent Systems, Inc. – Financial Statements – Q4 FY17
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – Q4 FY17
• Aepona Holdings Limited – Financial Statements – Q4 FY17
• Aepona Limited – Financial Statements – Q4 FY17
• Persistent Systems Mexico S.A. de C.V. – Q4 FY17
• Persistent Systems Pte. Ltd. – Financial Statements – Q4 FY17
• Persistent Telecom Solutions Inc. – Q4 FY17
• Aepona Group Limited – Financial Statements – Q4 FY17
• Aepona Software (Private) Limited – Q4 FY17
• Persistent Systems Germany GmBH Financials – Q4 FY17
• Persistent Systems France S.A.S. – Q4 FY17
• Akshat Corporation (dba R-Gen Solutions) – Q4 FY17
• Valista Limited – Ireland – Financials – Q4 FY17
• Persistent Systems Israel Limited – Q4 FY17

QUARTER 1

• Persistent Systems, Inc. – Financial Statements – Q1 FY16
• Persistent Systems Pte. Ltd. – Financial Statements – Q1 FY16
• Persistent Systems France S.A.S – Financial Statements – Q1 FY16
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – Q1 FY16
• Persistent Telecom Solutions Inc. – Financial Statements – Q1 FY16
• CloudSquads, Inc. Financial Statements – Q1 FY16

QUARTER 2

• Persistent Systems, Inc. – Financial Statements – Q2 FY16
• Persistent Systems Pte. Ltd. – Financial Statements – Q2 FY16
• Persistent Systems France S.A.S – Financial Statements – Q2 FY16
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – Q2 FY16
• Persistent Telecom Solutions Inc. – Financial Statements – Q2 FY16
• CloudSquads, Inc. Financial Statements – Q2 FY16
• Akshat Corporation (dba RGen Solutions) Financials Statements – Q2 FY16

QUARTER 3

• Persistent Systems, Inc. – Financial Statements – Q3 FY16
• Persistent Systems Pte. Ltd. – Financial Statements – Q3 FY16
• Persistent Systems France S.A.S – Financial Statements – Q3 FY16
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – Q3 FY16
• Persistent Telecom Solutions Inc. – Financial Statements – Q3 FY16
• CloudSquads, Inc. Financial Statements – Q3 FY16
• Akshat Corporation (dba RGen Solutions) Financials Statements – Q3 FY16

QUARTER 4

• Persistent Systems, Inc. – Financial Statements – Q4 FY16
• Persistent Systems Pte. Ltd. – Financial Statements – Q4 FY16
• Persistent Systems France S.A.S – Financial Statements – Q4 FY16
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – Q4 FY16
• Persistent Telecom Solutions Inc. – Financial Statements – Q4 FY16
• Akshat Corporation (dba RGen Solutions) Financials Statements – Q4 FY16
• Aepona Holdings Limited – Financial Statements – Q4 FY16
• Aepona Group Limited – Financial Statements – Q4 FY16
• Valista Limited – Financial Statements – Q4 FY16
• Aepona Limited – Financial Statements – Q4 FY16
• Valista Inc. – Financial Statements – Q4 FY16
• Aepona Software (Private) Limited – Financial Statements – Q4 FY16

QUARTER 1

• Persistent Systems, Inc. – Q1 FY15
• Persistent Systems Pte. Ltd. – Q1 FY15
• Persistent Systems France S.A.S – Q1 FY15
• Persistent Systems Malaysia Sdn. Bhd. – Q1 FY15
• Persistent Telecom Solutions Inc. – Q1 FY15
• CloudSquads, Inc. – Q1 FY15

QUARTER 2

• Persistent Systems, Inc. – Q2 FY15
• Persistent Systems Pte. Ltd. – Q2 FY15
• Persistent Systems France S.A.S – Q2 FY15
• Persistent Systems Malaysia Sdn. Bhd. – Q2 FY15
• Persistent Telecom Solutions Inc. – Q2 FY15
• CloudSquads, Inc. – Q2 FY15

QUARTER 3

• Persistent Systems, Inc. – Q3 FY15
• Persistent Systems Pte. Ltd. – Q3 FY15
• Persistent Systems France S.A.S – Q3 FY15
• Persistent Systems Malaysia Sdn. Bhd. – Q3 FY15
• Persistent Telecom Solutions Inc. – Q3 FY15
• CloudSquads, Inc. – Q3 FY15

QUARTER 4

• Persistent Systems, Inc. – Q4 FY15
• Persistent Systems Pte. Ltd. – Q4 FY15
• Persistent Systems France S.A.S – Q4 FY15
• Persistent Systems Malaysia Sdn. Bhd. – Q4 FY15
• Persistent Telecom Solutions Inc. – Q1 FY15
• CloudSquads, Inc. – Q4 FY15

• Persistent Systems, Inc. – Financial Statements – FY2014-15
• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – FY2014-15

• Persistent Systems Pte. Ltd. – Financial Statements – FY2014-15
• Persistent Telecom Solutions Inc. – Financial Statements – FY2014-15

• Persistent Systems France S.A.S – Financial Statements – FY2014-15

• CloudSquads, Inc. Financial Statements – FY2014-15

• Persistent Systems, Inc. – Financial Statements – FY2013-14

• Persistent Systems Pte. Ltd. – Financial Statements – FY2013-14

• Persistent Systems France S.A.S – Financial Statements – FY2013-14

• Persistent Systems Malaysia Sdn. Bhd. – Financial Statements – FY2013-14

• Persistent Telecom Solutions Inc. – Financial Statements – FY2013-14

• CloudSquads, Inc. Financial Statements – FY2013-14