Annual Report 2016-17

Notes forming part of onancial statements (Contd.)

Annual Report 2016-17

•

277

Entities over which a key

management personnel has

signiocant inpuence

Deazzle Services Private /imited

ii. Persistent Foundation

(ii) Related party transactions

(In

Million)

Name of the related party and nature of relationship

For the year ended

March 31, 2017

March 31, 2016

Sale of software services Subsidiaries

Persistent Systems, Inc.

3,512.53

2,033.15

Persistent Systems Malaysia Sdn. Bhd.

126.44

176.79

Persistent Systems France SAS

70.39

20.59

CloudSquads Inc.

16.78

(wholly owned subsidiary of Persistent Systems, Inc.)

Persistent Telecom Solutions Inc.

257.96

196.05

(wholly owned subsidiary of Persistent Systems, Inc.)

Akshat Corporation (d.b.a Rgen Solutions)

4.25

7.84

(wholly owned subsidiary of Persistent Systems, Inc.)

Aepona /imited

62.21

46.47

(wholly owned subsidiary of Aepona Group /imited)

Entity over which a key management personnel

has signiocant inpuence

Deazzle Services Private /imited

27.30

2.54

Total

4,061.08

2,500.21

Commission income

Subsidiaries

Persistent Systems Pte /td

9.98

1.26

Persistent Systems France SAS

2.20

1.06

Total

12.18

2.32