Annual Report 2016-17

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Annual Report 2016-17 • 59
Out of the interim dividend declared in January 2017, ` 0.12 Million remained unclaimed as on March 31, 2017.
The Company has uploaded its Dividend Distribution Policy on its website at
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Transfer to reserves
Your Company proposes to transfer an amount of ` 1,176.12 Million to the General Reserve and an amount of
` 1,145.08 Million is proposed to be retained in the Statement of Proot and /oss after payment of interim dividend and
ta[ thereon. The balance in the Proot and /oss Account as on March 31, 2017 is ` 7,784.28 Million.
Fixed Deposits
In terms of the provision of Sections 73 and 74 of the Companies Act, 2013 (the ‘Act’) read with the relevant rules, your
Company has not accepted any o[ed deposits during the year under report.
Team Persistent
Talent Additions during the Year
Your Company continues to attract high caliber quality talent in the industry. During the onancial year 2016-17,
your Company recruited 2,310 employees on a consolidated basis consisting of regular employees, trainees / interns,
consultants, business consultants, contract consultants consisting of (technical and non-technical) professionals.
As on March 31, 2017, your Company employed 9,460 professionals (including trainees and associates) on a consolidated
basis spread across 18 countries. The technical strength was 8,808 employees which comprised among others, 4,969
graduates (Engineers and Technicians), 2,043 post graduates and 26 Ph.D.s. Your Company is going global and there
was a signiocant increase in the distribution of overseas employees which now constitutes 15.97% of the total work
force as against 12.28% in the last year.
Your Company recruits fresh talent from various engineering colleges in India. During the year under report,
your Company added a batch of 223 new graduates through campus. Your Company strongly believes in nurturing
‘Industry - Academia’ partnerships and has many programs to engage with students such as BE project mentoring,
Persistent Day, Internship and sessions through e[perts of Persistent Computing Institute (PCI).
The attrition rate during the year was 15.69% which was less than the attrition rate of 16.43% in the previous year.
Continuous Learning and Skill Enablement
In line with a focus on continuously learning and self-development, Persistent University is driving ongoing skills
development, thus ensuring that employees are ready for the future. It serves as a one-stop learning destination with
offerings to enhance technical skills, business communication, management and behavioral skills. Multiple learning
methodologies are offered such as in-class trainings, remote trainings, blended trainings, Massive Online Courses,
self-learning and assessments for internal certiocation. Employees can choose from a variety of courses along with
combination of learning methodologies as per their individual learning plan (I/P). Every employee’s I/P is in line with
the Company, project and individual aspirations.
Training details during the onancial year 2016-17
Your Company covered 77% of the employees through at least one training this year, and 63% employees passed
at least one internal certiocation. Your Company trained about 746 campus hires in the Entry /evel Training Program
(E/TP) and about 477 employees under Full Stack Training this year.
The total investment for In-Class training was around 1,700 person months and totaling to 11,887 enrollments.
Self-learning investment on In-house knowledge center course enrollments was around 1,000 person months.
Total enrollments for internal certiocations, either after In-Class training or self-learning, were 24,310.
Your Company encourages learning and knowledge enhancements via various means. This year, your Company
continued with the Technothon initiative, where the campus hires work on new technologies (IoT, Machine /earning,
Block Chain, Dev Ops, A:S, MEAN Stack, full stack). They build and e[hibit end-to-end mini-projects. Around 80 such
mini projects were e[hibited after the E/TP.