As Indian IT services company Persistent Systems embarks on an ambitious growth strategy, it has brought on four new seasoned executives to strengthen its leadership team.
Persistent has just added several industry veterans. Ayon Banerjee joined as Chief Strategy and Growth Officer from Boston Consulting Group, where he advised IT services companies on accelerating growth through M&A, partnerships, and other means. As such, Ayon will drive corporate strategy and inorganic growth initiatives intended to spur Persistent’s continued expansion.
As Chief Operating Officer, Dhanashree Bhat brings over two decades of operational experience from Tech Mahindra. She will establish even greater delivery rigor to support Persistent’s global clients.
Rajiv Sodhi, after 16 years helping lead Microsoft’s India growth, will now head hyperscaler partnerships.
Finally, Wells Fargo’s Sumit Arora becomes Senior VP tasked with launching a new consulting practice for modernization advisory services that should become a key growth area
Persistent recently crossed $1 billion in annual revenue, on the back of an impressive 268% growth rate since 2020 that makes it India’s fastest growing IT services brand. Under relatively new CEO Sandeep Kalra, the company — which focuses on embedded software — has outlined plans for rapid growth through expansion in key geographies, scaling partnerships, and boosting capabilities in high-potential areas.
From its beginnings in Pune in 1990, Persistent has diversified into areas like cloud, analytics, IoT and 5G to drive differentiation.