Persistent Systems Issue Open Date 17-Mar-10   Issue Closing Date 19-Mar-10   Application Money 100   Allotment Money   Price Band 290 - 310   Minimium Application No. 20   Issue Size (Shares) 5419706   Market Lot 1   Objective The objects of the Issue are to (a) establish our development facilities; (b) capitalise our Subsidiaries for establishing development facilities and meeting fit outs and interior design costs; (c) procure hardware; (d) fund expenditure for general corporate purposes and (e) achieve the benefits of listing on the Stock Exchanges. Category No. of Shares No. of Shares Subscription Ratio   Offered / Reserved Bid For   Non-Institutional Investors   487773   52549140   107.73   Qualified Institutional Buyers   2926638   422687360   144.43   Retail Individual Investors   1463319   31737820   21.69   Business Description Company Overview We believe that we are one of the market leaders in outsourced software product development services. We are an OPD specialty company, offering our customers the benefits of offshore delivery. We design, develop and maintain software systems and solutions, create new applications and enhance the functionality of our customers‘ existing software products. We deliver services across all stages of the product life-cycle, which enables us to work with a wide-range of customers and allows us to develop, enhance and deploy our customers‘ software products. We have been recognized as one of the leading technology companies in the Deloitte Touche Tohmatsu Technology Fast 500 Asia Pacific 2009. We have depth of experience in the focused areas of telecommunications, life sciences and infrastructure and systems. We have invested and plan to continuously invest in new technologies and frameworks in the areas of cloud computing, analytics, enterprise collaboration and enterprise mobility. We believe that these investments will allow us to stay competitive and help us provide our customers a competitive edge. We are innovators and help our customers to build innovative solutions. This was recognized when we won the 2008 NASSCOM Innovation Award. Our comprehensive suite of service offerings allows us to attract new customers and expand existing customer relationships. Over the past five years, we have contributed to more than 3,000 product releases for our customers. Our goal is to work with our customers to help them efficiently deliver products to their end-users and ultimately, to maximise their core business. Our OPD services allow our customers to ease management burdens, to reduce time-to-market, improve the quality of their products, reduce risk of failure during the engineering development process, improve predictability and reliability of the engineering process, while helping them lower their over-all PE costs. Our product sustenance offering allows our customers to monetize underleveraged and aging product assets. Our customers range from several global software companies to early-stage companies that are developing. For example, we have over 37 customers that have over $1 billion in annual revenue. We have long-standing relationships with our customers, built on our successful execution of prior engagements. We seek to develop partnership relationships with our customers, and we regularly seek opportunities in which we can further add value to our customers and build new business. We offer flexible pricing models to suit the needs of our customers. These include time and expenses, fixed price, output based pricing and shared risk and reward models. We have invested in building a team of more than 3,500 software professionals well versed in the product development process. Our team of specialists have an understanding of the industries in which our customers operate and the competencies that they require.Our consolidated revenues, as restated, was Rs. 5,938.31 million, Rs. 4,248.50 million and Rs. 3,156.28 million in each of Fiscal 2009, 2008 and 2007, respectively. Our consolidated revenues grew at an annual growth rate of 39.77%, 34.60% and 45.79% during Fiscal 2009, 2008 and 2007, respectively. Our consolidated net profit, as restated, was Rs. 667.64 million, Rs. 833.84 million and Rs. 572.41 million in each of Fiscal 2009, 2008 and 2007, respectively. Our consolidated net profit as restated, declined by 19.93% during Fiscal 2009 and grew at an annual growth rate of 45.67% and 55.49% during Fiscal 2008 and 2007, respectively. Back Address Bhageerath 402 Senapati Bapat Road Pune , Maharashtra , 411016 Phone : +91-20-30242000 Email : investors@persistent.co.in Website : www.persistentsys.com Registrar Link Intime India Pvt Ltd C-13 Pannalal Silk Compound L B S Marg Bhandup Mumbai Listed at BSE, NSE Lead Manager Enam Securities Pvt Ltd JP Morgan India Pvt Ltd Promoters Anand Deshpande S P Deshpande Promoter's Holding Total Share Capital 35861000 Offered to Public 5419706 Promoter's Holding (Pre-Issue) 100 Promoter's Holding (Post-Issue) 38.85