Previous Page  210 / 327 Next Page
Information
Show Menu
Previous Page 210 / 327 Next Page
Page Background

210

• Annual Report 2018-19

Shaping the future of software driven business

The subsidiary companies considered in consolidated financial statements are as follows:

Name of the subsidiary

Ownership Percentage as at

Country of

incorporation

March 31, 2019

March 31, 2018

Persistent Systems, Inc.

100%

100%

USA

Persistent Systems Pte Ltd.

100%

100% Singapore

Persistent Systems France SAS

100%

100%

France

Persistent Telecom Solutions Inc.

100%

100%

USA

Persistent Systems Malaysia Sdn. Bhd.

100%

100%

Malaysia

Akshat Corporation (d.b.a. RGen Solutions)

(Dissolved with effect from December 21, 2018)*

-

100%

USA

Aepona Holdings Limited

100%

100%

Ireland

Aepona Group Limited

100%

100%

Ireland

Aepona Limited

100%

100%

UK

Valista Limited

100%

100%

Ireland

Persistent Systems Lanka (Private) Limited

100%

100%

Sri Lanka

Persistent Systems Mexico, S.A. de C.V.

100%

100%

Mexico

Persistent Systems Israel Ltd.

100%

100%

Israel

Persistent Systems Germany GmbH

100%

100%

Germany

PARX Werk AG

100%

100% Switzerland

PARX Consulting GmbH

100%

100%

Germany

Herald Technologies Inc**

100%

-

USA

*Refer Note 42

**Refer note 45

Notes forming part of consolidated financial statements (Contd.)

This space is intentionally kept blank