Persistent Systems at PPFCF

Sat, 16 May 2026 00:00:00 +0000

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Persistent Systems Limited is among the periodic mid-cap Indian-IT-services holdings of the Parag Parikh Flexi Cap Fund (PPFCF). The position has appeared in PPFCF factsheet portfolio listings across multiple cycles, alongside other technology-sector holdings such as Infosys at PPFCF , TCS at PPFCF and HCL Technologies at PPFCF .

The Persistent Systems thesis combines several elements of the broader PPFAS investment philosophy . First, engineering-services and platform-engineering exposure: Persistent has historically specialised in software product engineering, intellectual property (IP)-led services and platform development for global software and technology clients. Second, mid-cap operational beta: Persistent’s smaller scale (relative to TCS and Infosys) translates into higher growth potential when client wins materialise, providing different return characteristics from the large-cap IT cluster. Third, disciplined valuation-driven entry: the team has typically built or added to the position during cyclical compression windows.

Mid-Cap IT on WebNotes

Persistent Systems at PPFCF

Lead