Date: October 13, 2026
Facility Expansion Details
Persistent Systems Limited has inaugurated its third facility in Hyderabad at Phoenix Equinox in Gachibowli. This expansion strengthens the company's delivery capabilities for AI deployment, payments modernization, cloud platforms, and operational resilience programs specifically for banking, financial services, and insurance (BFSI) clients.
Facility Features and Purpose
The new facility provides secure, dedicated workspaces for program delivery and includes areas for Persistent and client teams to collaborate on AI deployment and systems modernization. It is designed to support clients working on critical technology programs within regulated environments, building on the company's Financial Services expertise and digital engineering capabilities.
Hyderabad Operations Scale
Persistent now has more than 3,000 employees in Hyderabad across three locations. The existing offices are located at WaveRock and Sattva Knowledge City. The new facility extends this established presence and supports access to engineering and financial services talent within Hyderabad's ecosystem of financial institutions, global capability centers, and fintech companies.
Management Commentary
Barath Narayanan, Global BFSI and Europe Geo Head at Persistent, stated: \"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.\"
Strategic Significance
The expansion represents a strategic investment in strengthening the company's delivery capabilities for regulated financial services clients. The facility supports Persistent's position in AI deployment and enterprise modernization services, particularly for the BFSI sector which requires secure, dedicated environments for critical technology programs.