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Notes forming part of onancial statements (Contd.)
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Annual Report 2016-17
34. Related party disclosures
(i) Names of related parties and related party relationship
Related parties where control exists
Subsidiaries
i.
Persistent Systems, Inc.
ii. Persistent Systems Pte /td.
iii. Persistent Systems France SAS
iv. Persistent Systems Malaysia Sdn. Bhd.
v.
Persistent Systems Germany GmbH
vi. Persistent Telecom Solutions Inc.
(wholly owned subsidiary of Persistent Systems, Inc.)
vii. CloudSquads Inc. (dissolved w.e.f. December 29, 2015)
(wholly owned subsidiary of Persistent Systems, Inc.)
viii. Akshat Corporation (d.b.a. RGen Solutions)
(wholly owned subsidiary of Persistent Systems, Inc.)
ix. Aepona Holdings /imited
(wholly owned subsidiary of Persistent Systems, Inc.)
x. Aepona Group /imited
(wholly owned subsidiary of Aepona Holdings /imited)
xi. Aepona /imited
(wholly owned subsidiary of Aepona Group /imited)
xii. Valista /imited
(wholly owned subsidiary of Aepona Group /imited)
xiii. Valista Inc. (dissolved w.e.f. June 28, 2016)
(wholly owned subsidiary of Valista /imited)
xiv. Aepona Software (Private) /imited
(wholly owned subsidiary of Valista /imited)
xv. Persistent Systems Mexico, S.A. de C.V.
(wholly owned subsidiary of Persistent Systems Inc.)
xvi. Persistent Systems Israel /td.
(wholly owned subsidiary of Persistent Systems Inc.)
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. Sunil Sapre, Chief Financial Ofocer*
iv. Mr. Rohit Kamat, Chief Financial Ofocer**
v.
Mr. Amit Atre, Company Secretary
Relatives of Key management
personnel
i.
Mr. Suresh Deshpande
(Father of the Chairman and Managing Director)
ii. Mrs. Sulabha 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)