Subsidiaries
The Company does not have any material non listed Indian subsidiary Company, whose turnover or net worth (paid up capital and free reserves) exceeds 20% of the consolidated turnover or net worth of the Company.
The Audit Committee and the Board of Directors review the consolidated financial statements of the Company and its subsidiary companies on a regular basis.
The Audit Committee and the Board of Directors look into the related party transactions entered into by the Company including those with the subsidiary companies.
Details of percentage holding of the Company in the subsidiary companies:
| NAME OF THE SUBSIDIARY COMPANY | REGISTERED IN | HOLDING PERCENTAGE |
|---|---|---|
| Persistent Systems Inc. | USA | 100% |
| Persistent Systems Pte. Ltd. | Singapore | 100% |
| Persistent Systems France S.A.S. | France | 100% |
| Persistent Systems Malaysia Sdn. Bhd. | Malaysia | 100% |
| Persistent Systems Germany GmbH | Germany | 100% |
| Persistent Telecom Solutions Inc.* | USA | 100% |
| Akshat Corporation (dba R-Gen Solutions)* | USA | 100% |
| Aepona Holdings Limited* | Ireland | 100% |
| Aepona Group Limited** | Ireland | 100% |
| Valista Limited** | Ireland | 100% |
| Aepona Limited** | UK | 100% |
| Persistent Systems Lanka (Private) Limited** | Sri Lanka | 100% |
| Persistent Systems Israel Limited* | Israel | 100% |
| Persistent Systems Mexico S.A. de C.V.* | Mexico | 100% |
(*) Subsidiary of Persistent Systems, Inc. and Step-down subsidiary of Persistent Systems Limited, India.
(**) Subsidiary of Aepona Holdings Limited and Step-down subsidiary of Persistent Systems Limited, India.
Indian Subsidiaries:
| NAME OF THE INDIAN SUBSIDIARY COMPANY | DOWNLOADS |
|---|---|
| Capiot Software Private Limited | Annual Return Form MGT 7 |
| MediaAgility India Private Limited | Annual Return Form MGT 7 |
| MediaAgility India Private Limited | CSR Policy |
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