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Table of Contents

From the Chairman’s Desk

06

Message from the CEO

08

Our Journey To Date

10

G&S Areas

Banking, Financial Services,

12

and Insurance

Healthcare and Life Sciences

16

Industrial

20

AI, ML, and Data

24

Cloud Services

28

Identity, Access, and Security

32

Software Product Engineering

36

Message from the Leaders

40

Life at Persistent

42

Overview of Financial

48

Performance

Highlights

49

Committees of the Board

50

Directors’ Profiles

51

Awards and Recognitions

58

Corporate Social Responsibility

60

Global Presence

70

Corporate Information

74

Statutory Section

Message from the CFO

76

Report of the Directors

77

Report on Corporate Governance

131

Business Responsibility Report

166

Management Discussion

178

and Analysis

Report on Risk Management

191

Consolidated

Financials

Independent Auditors’ Report

194

Consolidated Financial Statements

200

Section 129(3) Statement

259

Unconsolidated

Financials

Independent Auditors’ Report

262

Unconsolidated Financial

270

Statements