Persistent Systems Limited, a leader in digital engineering and enterprise modernization, has inaugurated its third facility in Hyderabad, located at Phoenix Equinox in Gachibowli. This expansion underscores the company’s commitment to advancing its capabilities in artificial intelligence deployment, payments modernization, and cloud platforms, specifically targeting the banking, financial services, and insurance sectors.
The new facility is designed to provide secure and dedicated environments for program delivery, facilitating collaboration between Persistent and its clients on AI deployment and systems modernization projects. This strategic move builds upon Persistent’s established expertise in financial services and digital engineering, enabling clients to work on critical technology programs within regulated environments. The facility aims to support the company’s existing workforce of over 3,000 employees in Hyderabad, enhancing access to engineering and financial services talent within the city’s vibrant ecosystem of financial institutions, global capability centres, and fintech companies.
Barath Narayanan, Global BFSI and Europe Geo Head at Persistent, highlighted the significance of the new facility. He noted that financial institutions are increasingly integrating AI into their operations while modernizing underlying systems. The new Hyderabad facility offers dedicated environments for delivery and fosters closer collaboration with client teams, reflecting Persistent’s long-term commitment to developing financial services expertise and career opportunities in the city.
Persistent Systems, with over 28,500 employees across 21 countries, continues to be a significant player in the global services and solutions market, offering a wide range of services including software engineering, product development, and cloud computing. The company is recognized for its commitment to innovation, sustainability, and responsible business practices, as evidenced by its inclusion in key indices such as the Nifty Midcap 50 and the S&P BSE 100. Analysts view Persistent’s expansion in Hyderabad as a strategic move to strengthen its position in the competitive IT services sector, leveraging the city’s rich talent pool and robust financial services infrastructure.
