Annual Report 2016-17

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Notes forming part of consolidated onancial statements (Contd.)
212 • Annual Report 2016-17
(In ` Million)
For the year ended
March 31, 2017 March 31, 2016
/ease rentals during the year
- On cancellable leases 245.73 141.34
- On non-cancellable leases 184.52 109.78
Total 430.25 251.12
(In `Million)
As at
March 31, 2017 March 31, 2016
Obligation on non- cancellable operating leases
- Not later than one year 254.87 142.90
- /ater than one year and not later than ove years 503.27 366.95
- /ater than ove years 261.58 276.39
36. Related Party Disclosures
(i) Names of related parties and related party relationship
Related parties with whom transactions have taken place
Associates i. Klisma eServices Private /imited
ii. Sprint Telecom India Private /imited (Up to August 31, 2015)
Key management personnel i. Dr. Anand Deshpande, Chairman and Managing Director
ii. Mr. Mritunjay Singh, Executive Director
iii. Mr. Rohit Kamat, Chief Financial Ofocer *
iv. Mr. Sunil Sapre, Chief Financial Ofocer **
v. Mr. Amit Atre, Company Secretary
vi. Mr. Ranganath Puranik, Director, Persistent Systems Inc., USA ***
vii. Mr. Sudhir Kulkarni, Director, Persistent Systems, Inc., USA
viii. Mr. Narayanan Rajagopalan, President and Director, Persistent
Telecom Solutions Inc., USA
ix. Mr. Azlin Ghazali, Director, Persistent Systems Malaysia Sdn. Bhd.
x. Ms. Audrey Reutens, Director, Persistent Systems Malaysia Sdn. Bhd.
xi. Mr. Arnaud Pierrel, Director General, Persistent Systems France SAS
xii. Mr. Sebastien Rattier, Director, Persistent Systems France SAS
xiii. Mr. Thomas Klein, Director, Persistent Systems, Inc., USA
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)
Entities over which a key management
personnel has signiocant inpuence
i. Deazzle Services Private /imited
ii. Persistent Foundation