249 / 327
Shaping the future of software driven business
Consolidated Financials •
249
Notes forming part of consolidated financial statements (Contd.)
(In
`
Million)
As at
March 31, 2019
March 31, 2018
Obligation on non- cancellable operating leases
- Not later than one year
108.22
290.97
- Later than one year and not later than five years
140.11
349.74
- Later than five years
-
202.04
36. Related Party Disclosures
(i) Names of related parties and related party relationship
Related parties with whom transactions have taken place
Associate
i.
Klisma e-Services Private Limited
Key management personnel
i.
Dr. Anand Deshpande, Chairman and Managing Director
ii.
Mr. Christopher O'Connor, Chief Executive Officer*
iii.
Mr. Mritunjay Singh, Executive Director**
iv.
Mr. Sunil Sapre, Executive Director and Chief Financial Officer
v.
Mr. Amit Atre, Company Secretary
vi.
Mr. Sudhir Kulkarni, Director, Persistent Systems, Inc., USA
vii.
Mr. Narayanan Rajagopalan, President and Director,
Persistent Telecom Solutions Inc., USA
viii.
Mr. Azlin Ghazali, Director, Persistent Systems Malaysia Sdn. Bhd.
ix.
Ms. Audrey Reutens, Director, Persistent Systems Malaysia Sdn. Bhd.
x.
Mr. Arnaud Pierrel, Director General, Persistent Systems France SAS
xi.
Mr. Sebastien Rattier, Director, Persistent Systems France SAS***
xii.
Mr. Bruno Orsier, Director, Persistent Systems France SAS****
xiii.
Mr. Thomas Klein, Director, Persistent Systems, Inc., USA
xiv.
Ms. Roshini Bakshi, Independent Director
xv.
Mr. Pradeep Bhargava, Independent Director
xvi.
Mr. Sanjay Bhattacharya, Independent Director
xvii.
Dr. Anant Jhingran, Independent Director@@
xviii.
Mr. Thomas Kendra, Independent Director
xix.
Mr. Prakash Telang, Independent Director
xx.
Mr. Kiran Umrootkar, Independent Director
xxi.
Mr. Deepak Phatak, Independent Director@
xxii.
Mr. Guy Eiferman, Independent Director@
Relatives of
Key management personnel
i.
Mr. Suresh Deshpande
(Father of the Chairman and Managing Director)
ii.
Mrs. Sulabha Suresh Deshpande
(Mother of the Chairman and Managing Director)
iii.
Mrs. Sonali Anand Deshpande
(Wife of the Chairman and Managing Director)
iv.
Dr. Mukund Deshpande
(Brother of the Chairman and Managing Director)
v.
Mrs. Chitra Buzruk (Sister of the Chairman and Managing Director)
vi.
Dr. Asha Sapre (Wife of Executive Director and Chief Financial Officer)
Entities over which a key
management personnel have
significant influence
i.
Deazzle Services Private Limited
ii.
Azure Associates, LLC
iii.
Persistent Foundation