Persistent Systems Limited announced that its step-down subsidiary, Persistent Telecom Solutions Inc., USA, has been merged into its wholly-owned subsidiary, Persistent Systems Inc., USA. This amalgamation was effective from February 28, 2026. The company received the Certificate of Merger from the Secretary of the State of Delaware on March 3, 2026. The rationale behind this merger is to achieve entity rationalization and operational efficiency within the group. The transaction is between a step-down subsidiary and a wholly-owned subsidiary of Persistent Systems Limited, India, and is conducted at arm's length. Persistent Telecom Solutions Inc. had a turnover of $4,039,752.52 as of March 31, 2025, and a loss of $(12,955.34) for the same period. Persistent Systems Inc., USA, had a turnover of $303,615,294.40 and a profit of $6,473,936.80 as of March 31, 2025. Both entities operate in the IT/ITES sector.
