Persistent Systems Strengthens Its Focus on Private Equity with New Executive Appointment

Persistent Systems Strengthens Focus on Private Equity with New Executive Appointment

Persistent Systems, a leader in Digital Engineering and Enterprise Modernization, has made a significant stride in its private equity division by appointing Hari S. Abhyankar as the new Executive Vice President and Global Head of Private Equity and Professional Services. This strategic move is aimed at enhancing the company's ability to deliver rapid results to private equity firms and their portfolio companies through AI-driven transformation initiatives.

The New Chapter in Private Equity Leadership

The landscape of private equity is evolving, as firms increasingly seek to expedite value creation processes. In this competitive environment, there is a rising demand for partners that can provide quick and effective outcomes. Recognizing this need, Persistent Systems is set to amplify its role within this sector by leveraging its advanced technical capabilities, AI expertise, and a platform-driven approach.

Hari S. Abhyankar, who brings over 25 years of rich experience in strategy, technology, and business transformation, will spearhead the global strategy and growth for Persistent’s engagements with equity investors, portfolio companies, and professional service organizations. His appointment is seen as a key element in Persistent's mission to assist clients in revenue growth, platform modernization, and execution of transformation priorities, ultimately enhancing operational efficiency and value creation.

A Veteran with a Proven Track Record

Before joining Persistent, Abhyankar served as a partner at McKinsey & Company, where he provided strategic counsel to leading technology firms and global enterprises about large-scale transformation and revenue acceleration initiatives. Additionally, his experience includes working with AI startups that focus on tech innovation and next-generation operational models. Abhyankar also held leadership roles at the Interpublic Group and Digitas, where he led analytics, digital strategy, and data-driven marketing organisations serving global tech clients.

He holds a PhD in Operations Management from the MIT Sloan School of Management, underscoring his extensive background in operational efficiency and strategic enhancement.

A Aligning Vision for Growth

According to Sandeep Kalra, CEO and Executive Director of Persistent, the private equity sector is a crucial growth engine for the company. He expressed confidence that Abhyankar’s expertise will deepen Persistent's engagement with private equity firms and boost the long-term performance of their portfolios. Kalra states, "As investors look to accelerate value creation in their portfolios, it becomes essential to quickly translate strategy into execution. That’s where Persistent distinguishes itself. Our combination of technical mastery, AI-driven platforms, and execution discipline enables meaningful results—ranging from growth acceleration to operational margin improvement."

Echoing this sentiment, Abhyankar emphasized that private equity firms now operate in an environment where value creation needs to be quicker, more predictable, and technology-focused than ever before. This shift requires an integrated approach that combines strategy with execution across entire portfolios. He believes that Persistent’s DNA—rooted in engineering and AI-driven transformation—positions the company uniquely to meet these evolving needs. He looks forward to collaborating with clients and partners to accelerate portfolio performance and deliver measurable business outcomes.

About Persistent Systems

Persistent Systems is a global services and solutions company that helps enterprises across industries evolve through AI-driven digital engineering and modernization. With more than 26,500 employees in 18 countries, Persistent is committed to innovation and customer success. The company offers a comprehensive range of services, including software engineering, product development, data and analytics, customer experience transformation, cloud computing, and intelligent automation. Persistent is listed on the BSE and NSE as well as being part of major indices, reflecting its prominence in the market.

As the company pursues its growth trajectory, it has achieved carbon neutrality, reaffirming its commitment to sustainable practices and corporate responsibility. Recognized for its inclusive workplace, Persistent aims to align its operations with global principles on human rights, labor, environment, and anti-corruption. With brand value up by 468% since 2020, Persistent stands as the fastest-growing IT service brand, according to the 2025 Brand Finance India 100 report.

In an era where technology drives change, Persistent Systems is poised to remain at the forefront of the industry, equipped with the right leadership and vision to support private equity firms in achieving their ambitious growth objectives.