Persistent enjoys strong and robust financials with excellent profit margins. Over time, we have made substantial investments in fixed assets.
A profit-making company right from inception, we have grown organically, mainly through internal accruals. We have a proven track record of paying dividends for the last sixteen years.
At Persistent, we firmly believe in conducting our affairs with the highest level of integrity and accountability. Our initiative to voluntarily adopt various corporate governance measures is a reflection of the same. Our Board comprises both, independent Non-Executive Directors as well as Executive Directors, making ours a well-governed company. We maintain the highest level of transparency and adhere to both US GAAP and Indian Accounting standards.
Persistent is the first company in Asia to receive strategic investment from the Intel (IA-64) Fund.