Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India with revenues of INR 18.91bn in FY15. In 2QFY16, Revenue share from product engineering and platform solutions business (83.8%) & the IP -led business (16.2%). The company has domain expertise in Infrastructure and Systems (54.7%), Telecom (13.2%) and Life Sciences (14.4%), Financial Services (17.7%) verticals. Company has strong workforce of 8545 employees. company serves over 350 customers, which include marquee names such as Microsoft, Oracle, IBM, SA P, Nokia & Sales force. The company's business is spread across North...