Persistent Systems Reappoints Anand Deshpande As MD, Sandeep Kalra as ED

Persistent Systems Ltd. said its board has reappointed founder Anand Deshpande as managing director for five years starting from the conclusion of the company’s 35th annual general meeting until the end of the 40th AGM in 2030.

The reappointment, based on the nomination and remuneration committee’s recommendation, is subject to shareholder approval at the upcoming AGM.

Deshpande, who also serves as chairman and promoter, has led the company since its inception.

The board also cleared a three-year reappointment for Sandeep Kalra as executive director starting October 1, following the end of his current term on September 30.