Large IT firms’ fatigue on deal wins helping Persistent: CEO Sandeep Kalra

Mid-tier IT firm Persistent Systems’ top executive continues to see higher deal wins compared to its bigger outsourcing peers. This is helping the Pune-based IT firm in grabbing a higher market share. The company has grown it’s revenues by 268% since 2020.

In an interaction with ET, Sandeep Kalra, chief executive officer and executive director, Persistent said, “Persistent, at $1.2 billion, is competing with bigger vendors, whether they are from India or from outside and winning market share. Obviously, when you’re doing vendor consolidation, you are optimising by moving work from onset to offshore, there’s transition involved in other things involved. So, there’s a cost involved.”