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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
210 announcements match the current filters (relevance ≥ 5).
Persistent Systems FY26 PAT Surges 33.2% to ₹18,651M; Total Dividend at ₹40/Share
Persistent Systems delivered a robust performance in FY26, with USD revenue growing 17.4% to $1,654.4 million and PAT surging 33.2% to ₹18,651.2 million. The company achieved its 24th consecutive quarter of growth in Q4 FY26, supported by a strong TCV of $600.8 million. EBIT margins remained resilient at 15.6% despite a one-time impact from new labor codes. Shareholders will receive a total dividend of ₹40 per share for the year, reflecting management's confidence in cash flows.
Key Highlights
FY26 USD revenue rose 17.4% to $1,654.4M; PAT increased 33.2% to ₹18,651.2M.
Q4 FY26 TCV stood at $600.8M with ACV at $445.1M, indicating a strong deal pipeline.
EBIT margin for the full year was 15.6%, including a 0.6% impact from New Labour Codes.
Recommended a final dividend of ₹18, taking the total FY26 dividend to ₹40 per share.
Q4 revenue grew 3.2% Q-o-Q to $436.0M, marking 24 straight quarters of growth.
👀 What to Watch
Persistent continues to outperform peers with consistent double-digit growth and strong deal momentum in AI and digital engineering. Long-term investors should remain positive given the company's execution track record and increasing dividend payouts.
Persistent Systems Recommends Final Dividend of ₹18 Per Share for FY 2025-26
Persistent Systems Limited has recommended a final dividend of ₹18 per equity share for the financial year ended March 31, 2026. This recommendation was made during the board meeting held on April 21, 2026, where the company also approved its audited financial results for the quarter and full year. The dividend is subject to approval by shareholders at the upcoming 36th Annual General Meeting. The company's statutory auditors have issued a clean, unmodified opinion on the financial statements, indicating robust reporting standards.
Key Highlights
Recommended a final dividend of ₹18 per equity share for FY 2025-26.
The dividend is based on an equity share face value of ₹5 each.
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory auditors B S R & Co. LLP issued an unmodified audit opinion.
Record date for the dividend payment to be determined and communicated separately.
👀 What to Watch
Investors should hold the stock to be eligible for the ₹18 dividend and watch for the announcement of the record date. The clean audit report and dividend payout reflect stable financial health and management's commitment to returning value to shareholders.
Persistent Systems Recommends ₹18 Final Dividend for FY26; Approves Audited Financial Results
Persistent Systems has approved its audited financial results for the quarter and full year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹18 per equity share with a face value of ₹5, representing a 360% payout. The statutory auditors have issued an unmodified opinion on the financial statements, confirming the accuracy and transparency of the reported figures. The dividend is subject to shareholder approval at the upcoming 36th Annual General Meeting.
Key Highlights
Recommended a final dividend of ₹18 per equity share for the financial year 2025-26
Audited financial results for Q4 and FY26 approved with an unmodified audit opinion from B S R & Co. LLP
The dividend payout is based on a face value of ₹5 per equity share
Board meeting concluded on April 21, 2026, following a two-day session
Record date for the final dividend to be communicated separately following AGM approval
👀 What to Watch
Investors should monitor for the announcement of the record date to be eligible for the ₹18 dividend. The unmodified audit report provides confidence in the company's financial reporting integrity.
Persistent Launches AI-Powered Merchant Risk Solution; Targets 20-40% Fraud Loss Reduction
Persistent Systems has launched a Merchant Risk Management and Fraud Detection solution built on the Databricks Data Intelligence platform. The solution utilizes Agentic AI to provide real-time intelligence for merchant vetting and transaction monitoring, specifically targeting financial institutions and payment providers. It aims to deliver significant operational efficiencies, including a 50-70% reduction in manual review effort. This launch strengthens Persistent's position in the BFSI sector and leverages its deep partnership with Databricks, where it maintains over 900 certified professionals.
Key Highlights
Expected 20–40% reduction in chargeback and fraud losses through earlier risk detection
Anticipated 30–60% improvement in fraud detection accuracy using multi-signal intelligence
Significant 50–70% reduction in manual review effort for risk management teams
Estimated 10–20% reduction in overall risk management costs through automation
Leverages 900+ Databricks certified professionals and 8+ existing accelerators on the platform
👀 What to Watch
Investors should view this as a positive step in Persistent's AI-led growth strategy within the high-margin BFSI vertical. Monitor the adoption rate of this solution among global payment providers as a key indicator of the company's ability to monetize its AI partnerships.
Persistent Systems to Announce Q4 FY26 Results and Host Investor Call on April 21, 2026
Persistent Systems has scheduled the announcement of its financial results for the fourth quarter and full year ended March 31, 2026, for Tuesday, April 21, 2026. A conference call led by CEO Sandeep Kalra will follow at 7:30 PM IST to discuss performance and the business outlook. This event is crucial for investors to evaluate the company's year-end financial health and strategic direction for the next fiscal year. The results will be accessible on the company's website and stock exchange platforms.
Key Highlights
Financial results for Q4 and FY26 to be released on April 21, 2026.
Management conference call scheduled for 7:30 PM IST (10:00 AM EST) on the same day.
CEO Sandeep Kalra and senior management will provide commentary on performance and future outlook.
Multiple joining options provided including Zoom video conference and international toll-free dial-ins.
👀 What to Watch
Investors should track the earnings release for key metrics like revenue growth and margin expansion. The management's commentary on the FY27 outlook will be vital for assessing long-term valuation.
Persistent Ranked Among India's Most Valuable Brands with $2.9 Billion Valuation
Persistent Systems has been included in the Kantar BrandZ India Most Valuable Brands 2025 ranking with a brand valuation of $2.9 billion. The company secured the 42nd position overall in India and ranked 6th within the Business Technology and Services category. This recognition follows a remarkable 468% growth in brand value since 2020, highlighting the company's successful scaling in AI-driven digital engineering. For investors, this brand strength serves as a proxy for growing client trust and the ability to compete for large-scale digital transformation contracts.
Key Highlights
Achieved a brand valuation of $2.9 billion in the Kantar BrandZ 2025 rankings.
Ranked 42nd overall in India and 6th in the Business Technology and Services category.
Reported a 468% growth in brand value since 2020, according to Brand Finance India 100 2025.
The company currently employs over 26,500 people across 18 countries.
Recognition underscores the company's strategic relevance in AI-led enterprise modernization.
👀 What to Watch
Investors should view this as a validation of Persistent's competitive positioning and its transition into a top-tier strategic partner for global enterprises. The significant growth in brand equity is a positive indicator for future deal-winning capabilities and talent attraction.
Mphasis Receives ₹151.73 Crore Income Tax Demand for AY 2020-21
Mphasis Limited has received an order from the Income Tax Department demanding ₹151.73 crores for the assessment year 2020-21. The demand primarily concerns Tax Deducted at Source (TDS) on overseas payments made to foreign associated enterprises for subcontracting charges. The company maintains that these claims are not maintainable and intends to file an appeal. Management expects no material financial impact, citing favorable industry precedents for similar cases in previous years.
Key Highlights
Received a tax demand notice of ₹151.73 crores under section 156 of the Income Tax Act.
The demand pertains to Assessment Year 2020-21 and involves sections 201 and 201(1A).
Issues relate to TDS on subcontracting charges paid to overseas subsidiaries and associated enterprises.
Management states that there is no material financial impact expected as they seek legal remedies.
Company plans to file an appeal, noting favorable precedents for similar issues in the IT industry.
👀 What to Watch
Investors should monitor the legal proceedings of the appeal, though tax demands of this nature are relatively common in the IT sector and often contested successfully. No immediate action is required as the company is following standard legal recourse.
Mphasis Completes Phase 1 Tech Modernization for Flagstar Bank, Consolidating 6 Data Centers
Mphasis has successfully completed the first phase of a major technology modernization program for Flagstar Bank, N.A., a significant U.S. regional bank with $87.5 billion in assets. Over a 12-month period, Mphasis consolidated six legacy data centers into two modern facilities and migrated hundreds of critical applications with zero downtime. This milestone demonstrates Mphasis's strong execution capabilities in the BFSI vertical, which is a key revenue driver. The partnership is now set to enter a second phase focusing on AI-led application modernization and operational efficiency.
Key Highlights
Consolidated 6 legacy data centers into 2 modern, co-sourced data centers within a 12-month timeline
Successfully migrated hundreds of business-critical applications with zero downtime
Flagstar Bank reported $87.5 billion in assets and $66.0 billion in deposits as of December 31, 2025
Partnership moves to next phase focusing on AI and next-generation technology for application modernization
👀 What to Watch
Investors should view this as a positive validation of Mphasis's ability to execute large-scale digital transformation projects for major US financial institutions. This successful delivery strengthens the company's positioning for future AI-led contracts within its core BFSI vertical.
Medi Assist Seeks Shareholder Approval for Appointment of Ms. Sunita Cherian as Director
Medi Assist Healthcare Services has issued a postal ballot notice to seek shareholder approval for the appointment of Ms. Sunita Rebecca Cherian as a Non-Executive, Non-Independent Director. Ms. Cherian, a former Chief Culture Officer at Wipro with nearly 30 years of experience, was initially appointed as an additional director on February 6, 2026. The e-voting period for shareholders is scheduled from March 28 to April 26, 2026, with results to be declared by April 28, 2026. Her compensation will include sitting fees and a commission capped within 1% of the company's net profits.
Key Highlights
Appointment of Ms. Sunita Rebecca Cherian as Non-Executive Director effective February 6, 2026
E-voting period scheduled from March 28, 2026, to April 26, 2026, with results by April 28
Ms. Cherian brings nearly 30 years of experience, previously serving as Chief Culture Officer at Wipro
Total non-executive director compensation capped at 1% of net profits under Section 198
Ms. Cherian becomes the third woman director on the company's board, enhancing gender diversity
👀 What to Watch
Investors should view this as a positive step towards strengthening board governance with a highly experienced professional from a large-cap background. No immediate action is required other than participating in the e-voting process if eligible.
Mphasis Receives Income Tax Demand Notice of Rs 2,286.86 Crore for AY 2023-24
Mphasis Limited has received an assessment order and a notice of demand for Rs 2,286.86 crore from the Income Tax Department for the Assessment Year 2023-24. The demand stems from additions to taxable income concerning ESOP expenses, subcontractor payments to overseas entities without TDS, and GST turnover discrepancies. Management believes there is no material financial impact as several issues are recurring and have favorable precedents in the High Court or are pending in the Supreme Court. The company plans to file a rectification petition for computational errors and a formal appeal against the order.
Key Highlights
Received a tax demand notice of Rs 2,286.86 crore for the Assessment Year 2023-24.
Key additions include ESOP expense claims and subcontractor payments to overseas associated enterprises.
Company identifies specific infirmities in the computation order and will file a rectification petition.
Management maintains that the issues have favorable jurisdictional High Court precedents.
No immediate penalty or restriction has been imposed along with the assessment order.
👀 What to Watch
Investors should monitor the outcome of the rectification petition and the subsequent appeal process, as the demand amount is significant. While the company is confident in its legal position, any adverse final ruling could impact future cash flows.
Persistent Systems Appoints Ruchi Kulhari as EVP for Enterprise Strategy & Execution
Persistent Systems has appointed Ruchi Kulhari as Executive Vice President to lead Enterprise Strategy & Execution, focusing on AI-led transformation and global scaling. Kulhari brings over 20 years of experience from firms like Unisys and Infosys to enhance the company's operating rigor and leadership alignment. This strategic hire is intended to support the company's next phase of growth as it manages a global workforce of over 26,500 employees. The move follows a period of rapid expansion, with the company reporting a 468% growth in brand value since 2020.
Key Highlights
Ruchi Kulhari joins as EVP - Enterprise Strategy & Execution with over 20 years of global leadership experience.
The role is specifically designed to drive AI-led transformation and operating model evolution across 18 countries.
Persistent has achieved a 468% growth in brand value since 2020, the fastest in its sector according to Brand Finance.
The company currently employs over 26,500 people and is a constituent of the MSCI India Index and Nifty IT Index.
👀 What to Watch
Investors should view this as a positive step toward institutionalizing execution discipline as the company scales its AI-driven services. Monitor if this leadership addition leads to improved operating margins or faster project execution in future earnings cycles.
Persistent Systems Appoints Ruchi Kulhari as EVP and Chief of Staff
Persistent Systems has appointed Ms. Ruchi Kulhari as Executive Vice President (EVP) and Chief of Staff, effective March 23, 2026. Ms. Kulhari is a seasoned professional with over 20 years of experience in the IT services industry, having previously served as Global CHRO at Unisys. Her extensive background includes senior leadership roles at Coforge, EXL, and Infosys, focusing on human capital leadership and enterprise transformation. This appointment strengthens the company's senior management team as it continues its growth trajectory.
Key Highlights
Appointment of Ms. Ruchi Kulhari as EVP and Chief of Staff effective March 23, 2026
Brings over 20 years of specialized experience in the IT services sector
Former Global CHRO at Unisys and Chief People Officer at Coforge
Expertise includes strategic human capital leadership, organizational design, and talent management
👀 What to Watch
Investors should view this as a positive move to bolster the leadership team with an experienced industry veteran. No immediate action is required, but the addition supports the company's long-term organizational scaling.
Persistent Appoints Former McKinsey Partner Hari S. Abhyankar as EVP for Private Equity Global Head
Persistent Systems has appointed Hari S. Abhyankar as Executive Vice President and Global Head of Private Equity and Professional Services to drive AI-led transformation for investors. Abhyankar brings over 25 years of experience, including a tenure as a Partner at McKinsey & Company and a PhD from MIT Sloan. This strategic hire aims to accelerate revenue growth and EBITDA expansion for private equity portfolio companies, a key growth engine for Persistent. The company continues to leverage its scale of 26,500+ employees and a 468% increase in brand value since 2020 to capture high-margin consulting and execution work.
Key Highlights
Appointment of Hari S. Abhyankar as EVP and Global Head of Private Equity and Professional Services.
Abhyankar brings 25+ years of strategy and technology experience, including a Partner role at McKinsey & Company.
Strategic focus on AI-led transformation and value realization for private equity firms and their portfolios.
Persistent reported a 468% growth in brand value since 2020, making it a fast-growing IT services brand.
The company operates with over 26,500 employees across 18 countries, focusing on digital engineering.
👀 What to Watch
Investors should monitor the growth in the Private Equity vertical as this high-profile hire signals a push into high-value consulting and transformation services. This move could lead to improved margins and deeper penetration into the US and global private equity markets.
Persistent Systems Appoints Former McKinsey Partner Hari Abhyankar as EVP
Persistent Systems has appointed Mr. Hari Abhyankar as Executive Vice President for Private Equity and Professional Services, effective March 19, 2026. Mr. Abhyankar brings over 25 years of professional experience, including 11 years in C-suite consulting and 14 years in operational leadership roles. As a former Partner at McKinsey & Company and an MIT PhD holder, his expertise lies in leveraging AI and analytics for large-scale business transformation. This strategic hire is expected to strengthen the company's capabilities in high-value consulting and private equity verticals.
Key Highlights
Appointment of Mr. Hari Abhyankar as EVP - Private Equity and Professional Services effective March 19, 2026
Brings over 11 years of C-suite consulting experience and 14+ years as an operator
Former Partner at McKinsey & Company with a focus on AI-driven business transformation
Holds a PhD from MIT, providing a deep analytical foundation for enterprise AI adoption
Will serve as Senior Management Personnel (SMP) to drive measurable commercial outcomes
👀 What to Watch
Investors should view this as a positive step in strengthening Persistent's leadership team with high-caliber talent. Monitor the growth in the Private Equity and Professional Services verticals over the coming quarters to gauge the impact of this appointment.
Persistent Launches AI-Powered Drug Discovery Solution with NVIDIA Collaboration
Persistent Systems has announced a strategic collaboration with NVIDIA to launch the Generative Molecules and Virtual Screening (GenMolVS) solution for the Healthcare and Life Sciences industry. This solution leverages the NVIDIA BioNeMo framework to accelerate computational drug discovery, potentially reducing experimental cycles from months to days. By integrating NVIDIA's full-stack AI platform and accelerated computing, Persistent aims to provide production-grade Agentic AI applications for BioPharma clients. This move strengthens Persistent's position in the high-growth AI-led digital engineering market, supported by its global workforce of over 26,500 employees.
Key Highlights
Collaboration utilizes NVIDIA BioNeMo and NeMo Agent Toolkit for high-fidelity molecular simulation.
The GenMolVS solution aims to reduce drug discovery timelines from several months to just a few days.
Persistent will leverage NVIDIA AI Enterprise and accelerated compute for cost-effective, production-grade scaling.
The company has seen a 468% growth in brand value since 2020, according to Brand Finance India 100.
👀 What to Watch
Investors should monitor the Healthcare and Life Sciences vertical for increased revenue contribution and high-margin AI project wins following this NVIDIA partnership. This collaboration positions Persistent as a key player in the specialized Generative AI space for drug discovery.
CARE Reaffirms 'AA-; Stable' Rating for Medi Assist Subsidiary; Market Share Hits 21.3%
CARE Ratings has reaffirmed the 'CARE AA-; Stable' rating for Medi Assist's key subsidiary, MAITPA, following its ₹412 crore acquisition of Paramount TPA. The company successfully repaid its ₹150 crore bridge debt by January 2026, returning to a nil external debt position. While the group insurance market share has surged to 32.2%, operating margins have moderated to 13.67% due to higher software fees and integration costs. Total Premiums Under Management (PUM) are projected to reach ₹26,500 crore in FY26, reflecting strong inorganic growth.
Key Highlights
CARE reaffirmed 'AA-; Stable' and 'A1+' ratings for bank facilities totaling ₹266 crore.
Market share in the TPA industry reached 21.3% overall and 32.2% in the group segment post-acquisition.
Successfully repaid ₹150 crore bridge debt used for the Paramount TPA acquisition as of January 15, 2026.
Premiums Under Management (PUM) expected to grow to ₹26,500 crore in FY26 from ₹21,108 crore in FY25.
Operating margins moderated to 13.67% in FY25, with a recovery target of 12-13% in the medium term.
👀 What to Watch
The rating reaffirmation validates the company's financial discipline in managing large acquisitions without stretching the balance sheet. Investors should monitor the realization of synergy benefits from the Paramount TPA integration to see if margins return to historical levels.
Persistent Systems Reaffirmed [ICRA] AA+ (Stable) Credit Rating
ICRA Limited has reaffirmed the issuer rating of Persistent Systems Limited at [ICRA] AA+ with a Stable outlook. This reaffirmation, dated March 5, 2026, follows the previous rating assigned in January 2025. The AA+ rating indicates a very high degree of safety regarding the timely servicing of financial obligations and very low credit risk. This reflects the company's sustained financial health and strong position in the IT services sector.
Key Highlights
ICRA reaffirmed the Issuer Rating of [ICRA] AA+ for Persistent Systems Limited.
The outlook on the credit rating has been maintained as Stable.
The rating was originally assigned on January 21, 2025, and successfully reaffirmed on March 5, 2026.
The AA+ rating signifies very low credit risk and a strong capacity to meet financial commitments.
👀 What to Watch
The reaffirmation of a high credit rating confirms the company's financial stability and low-risk profile. Long-term investors can remain confident in the company's balance sheet strength and debt-servicing capabilities.
Persistent Systems Opens Melbourne Innovation Center to Drive AI Adoption in ANZ
Persistent Systems has launched a new Innovation Center in Melbourne, Australia, to accelerate AI-led modernization and digital engineering for the ANZ market. This strategic hub aims to support existing partnerships with top ASX-listed companies in sectors like Banking and Telecommunications. The expansion aligns with the company's AI-first strategy and follows a significant 468% growth in brand value since 2020. By establishing a localized engineering presence, Persistent aims to capture the growing demand for enterprise-scale AI deployment in Australia.
Key Highlights
New Melbourne Innovation Center launched to serve the Australia and New Zealand (ANZ) region.
Focuses on AI-driven enterprise reinvention, legacy modernization, and cloud-native refactoring.
Targets top ASX-listed companies across Banking, Manufacturing, and Telecommunications sectors.
Leverages a global workforce of over 26,500 employees across 18 countries.
Supports the company's reported 468% brand value growth since 2020.
👀 What to Watch
This expansion strengthens Persistent's position in the high-growth AI services market and diversifies its geographic footprint. Investors should monitor for new contract wins from the ANZ region as a result of this localized presence.
Medi Assist Subsidiary Pays INR 4.83 Crore to Conclude GST Search Operation
Medi Assist Healthcare's material subsidiary, Medi Assist TPA, has concluded a GST search operation conducted by the Maharashtra Department of Goods and Services Tax. The company paid a total of INR 4.83 Crores to settle liabilities arising from a supplier's failure to remit taxes and interest on holdback amounts. This payment was made 'without prejudice' to avoid further penalties, allowing the company to pursue legal remedies or recovery later. Management has confirmed that business operations remain unaffected and there is no further material financial impact.
Key Highlights
GST search operation at Mumbai office concluded on March 2, 2026, following its initiation on February 16, 2026.
Total payment of INR 4.83 Crores made covering aggregate unpaid tax and interest liabilities.
Liability triggered by a defaulting supplier's non-remittance of taxes and interest on customer invoice holdbacks.
Payment made without prejudice to the subsidiary's rights to file representations or seek recovery.
Company reports no material impact on operations or other financial activities beyond the stated payment.
👀 What to Watch
The settlement amount is relatively small compared to the company's scale, and the conclusion of the search removes regulatory uncertainty. Investors should view this as a routine tax compliance resolution with minimal impact on long-term fundamentals.
Persistent Systems Expands Global Footprint with New Subsidiary in China
Persistent Systems Limited has announced the establishment of a Wholly Owned Foreign Enterprise (WFOE) in China through its Singapore-based subsidiary. The new entity, Baixinteng System Service (Shanghai) Co. Ltd., received its business license from the Shanghai Administration for Market Regulation on February 28, 2026. This strategic move marks the company's formal entry into the Chinese market to bolster its global operations and service delivery. The expansion is part of Persistent's broader strategy to diversify its geographic presence and tap into regional talent and markets.
Key Highlights
Establishment of a Wholly Owned Foreign Enterprise (WFOE) in China on February 27, 2026
Business license received for Baixinteng System Service (Shanghai) Co. Ltd. on February 28, 2026
Expansion facilitated through 100% subsidiary Persistent Systems Pte. Ltd., Singapore
The move aims to strengthen the company's presence and operational capabilities in the Asia-Pacific region
👀 What to Watch
Investors should view this as a positive step toward geographic diversification and global scale. Monitor upcoming quarterly calls for management's specific revenue and operational targets for the Chinese market.
