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Notes forming part of consolidated onancial statements (Contd.)
176
•
Annual Report 2016-17
The subsidiary companies considered in consolidated onancial statements are as follows:
Name of the subsidiary
Ownership Percentage as at
Country of
incorporation
March 31, 2017
March 31, 2016
Persistent Systems, Inc.
100%
100%
USA
Persistent Systems Pte /td.
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) *
100%
100%
USA
Aepona Holdings /imited
100%
100%
Ireland
Aepona Group /imited
100%
100%
Ireland
Aepona /imited
100%
100%
UK
Valista /imited
100%
100%
Ireland
Valista Inc. **
-
100%
USA
Aepona Software (Private) /imited
100%
100%
Sri /anka
Persistent Systems Mexico, S.A. de C.V.
100%
100%
Mexico
Persistent Systems Israel /td.
100%
100%
Israel
Persistent Systems Germany GmbH
100%
-
Germany
* Refer Note 42
** Refer Note 43