October 13, 2026
Hyderabad and Pune, India
News Summary
Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, has opened its third Hyderabad location at Phoenix Equinox in Gachibowli. This expansion enhances the company’s capacity to execute initiatives focused on artificial intelligence implementation, payment system upgrades, cloud infrastructure, and business continuity for clients in the banking, financial services, and insurance sectors.
The newly established office features secure, specialized workspaces dedicated to program execution, alongside collaborative zones designed for Persistent personnel and their clients to work together on systems modernization and AI integration. The site leverages the firm’s deep financial services domain knowledge and digital engineering strengths to assist organizations navigating critical technology initiatives within strictly regulated industries.
With a local workforce exceeding 3,000 team members across current sites at WaveRock and Sattva Knowledge City, Persistent’s latest location builds upon its established footprint. The expansion facilitates deeper engagement with engineering and financial talent drawn from Hyderabad’s rich network of global capability centers, fintech enterprises, and financial institutions.
Barath Narayanan, Global BFSI and Europe Geo Head, Persistent
“Financial institutions are putting AI into production while modernizing the systems that underpin their businesses. Executing these programs requires domain understanding and engineering expertise, with security and operational continuity central to the work. Our new Hyderabad facility provides dedicated environments for delivery and closer collaboration with client teams. This investment also reflects our long-term commitment to developing financial services expertise and building careers in the city.”
