Balance Sheet of Persistent Systems ------------------- in Rs. Cr. ------------------- Mar 13 Mar 12 Mar 11 Mar 10 Mar 09 12 mths 12 mths 12 mths 12 mths 12 mths Sources Of Funds Total Share Capital 40.00 40.00 40.00 40.00 35.86 Equity Share Capital 40.00 40.00 40.00 40.00 35.86 Share Application Money 0.00 0.00 3.48 3.20 0.00 Preference Share Capital 0.00 0.00 0.00 0.00 0.00 Reserves 966.04 797.74 700.85 599.16 358.82 Revaluation Reserves 0.00 0.00 0.00 0.00 0.00 Networth 1,006.04 837.74 744.33 642.36 394.68 Secured Loans 0.00 0.00 3.02 4.51 0.00 Unsecured Loans 1.42 0.65 0.00 0.00 0.00 Total Debt 1.42 0.65 3.02 4.51 0.00 Total Liabilities 1,007.46 838.39 747.35 646.87 394.68 Mar 13 Mar 12 Mar 11 Mar 10 Mar 09 12 mths 12 mths 12 mths 12 mths 12 mths Application Of Funds Gross Block 516.36 478.83 433.93 363.37 333.67 Less: Accum. Depreciation 228.48 198.41 221.58 184.36 154.35 Net Block 287.88 280.42 212.35 179.01 179.32 Capital Work in Progress 34.63 52.79 60.45 47.61 37.74 Investments 386.65 261.55 268.73 175.77 106.70 Inventories 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 203.40 166.04 119.99 104.51 82.42 Cash and Bank Balance 29.81 14.59 11.78 177.07 6.68 Total Current Assets 233.21 180.63 131.77 281.58 89.10 Loans and Advances 186.73 105.31 125.05 100.73 64.85 Fixed Deposits 0.00 92.03 75.23 0.12 0.21 Total CA, Loans & Advances 419.94 377.97 332.05 382.43 154.16 Deffered Credit 0.00 0.00 0.00 0.00 0.00 Current Liabilities 42.67 74.93 91.03 108.50 50.36 Provisions 78.96 59.41 35.22 29.44 32.88 Total CL & Provisions 121.63 134.34 126.25 137.94 83.24 Net Current Assets 298.31 243.63 205.80 244.49 70.92 Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00 Total Assets 1,007.47 838.39 747.33 646.88 394.68 Contingent Liabilities 9.97 26.67 52.86 31.00 37.22 Book Value (Rs) 251.51 209.44 185.21 159.79 110.06 Persistant overview Persistent is a global company specializing in software product and technology innovation. For more than two decades, we have partnered closely with pioneering start-ups, innovative enterprises and the world’s largest technology brands. We have utilized our fine-tuned product engineering processes to develop best-in-class solutions for customers in technology, telecommunication, life science, healthcare, banking, and consumer products sectors across North America, Europe, and Asia. Management team of persistant Hari Haran President Nitin Kulkarni Executive Director Mritunjay Singh Chief Operating Officer Dr. R. Venkateswaran Chief Technology Officer Ranganath Puranik EVP & Head - New Business Initiatives and Portfolio Dr. Sridhar Jagannathan Chief Innovation Officer Nara Rajagopalan Chief Product Officer Mike Kerr SVP - Sales Rohit Kamat Chief Finance Officer Sameer Bendre Chief People Officer Recent awards and achievements of persistent 2013 • Wins the Best Virtual Learning Program Award (Gold) by Tata Institute of Social Sciences LeapVault CLO Awards. • Named to the Top 200 Best Under a Billion Companies in Asia Pacific by Forbes India for its sustained financial performance. • Recognized by Computerworld as a 2013 Computerworld Honors Laureate in the Emerging Technology category • Awarded the Economic Times (ET) Now Channel’s World CSR Day Award for Best Employee Engagement Strategy • Wins the World HRD Congresss RASBIC Award for Best overall recruiting & staffing organization of the year • Wins the World HRD congresss HR Award for Fun at Work 2012 • Wins the Indian Human Capital Awards 2012 – Best CSR Strategy • Wins Tata Institute of Social Sciences LeapVault CLO Award for Best Corporate University in the “Emerging” category for its Learning & Development Practices • Awarded the Golden Peacock Award for Excellence in Corporate Governance – 2012 • Recognized in the 2012 Global Services 100 List; also named leading global outsourced product development vendor and specialty application development management vendor • Named as a leading player in the Software/ISV R&D and Consumer Software Segments by Zinnov Management Consulting 2012 • Recognized as One of the best leaders in research & development services by IAOP (International Association of Outsourcing Professionals) • Ranked amongst the Top Ten Companies for Investor Relations and Vivek Sadhale, Head of Investor Relations; ranked sixth as the Best Investor Relations Professional in India by - Thomson Reuters Extel Survey Awards • Rajesh Ghonasgi, CFO, Persistent Systems awarded the ‘CFO100 Roll of Honour’, category - ‘Winning Edge’ in Corporate Governance/Financial Control - Revenues below Rs 1000 c
Posted on: Fri, 25 Oct 2013 02:40:50 +0000
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