Persistent Systems Limited announced that its wholly-owned subsidiary, Persistent Systems Pte. Ltd., Singapore, has established a Wholly Owned Foreign Enterprise (WFOE) in China. The company received its Business License from the Shanghai Administration for Market Regulation (SAMR) on February 28, 2026, for the entity named Baixinteng System Service (Shanghai) Co. Ltd., also known as Persistent Systems (Shanghai) Co. Ltd. The establishment of this WFOE in China marks a significant step in the company's global expansion strategy. The subsidiary was officially incorporated on February 27, 2026.
