Persistent Systems has announced significant changes in its top leadership, marking a new chapter in the company's operational strategy. The Pune-based technology services firm has appointed Jaideep Dhok as its new Chief Operating Officer - Technology and Senior Management Personnel (SMP), effective August 12, 2025.

Leadership Transition

The appointment comes in the wake of Dhanashree Bhat's departure from her role as Chief Operating Officer and SMP. Bhat's tenure concluded at the close of business hours on August 11, 2025, as confirmed in a regulatory filing by the company.

Jaideep Dhok's Appointment and Experience

Jaideep Dhok, previously serving as Senior Vice President for Banking, Financial Services and Insurance (BFSI) at Persistent Systems, brings a wealth of experience to his new role. With over 23 years in the industry, including more than 14 years at Persistent, Dhok has been instrumental in leading major transformation programs and expanding the company's BFSI segment.

Expanded Responsibilities

In his new position, Dhok will take on additional responsibilities crucial to Persistent's operations and growth strategy. These include:

• Delivery Excellence
• Talent Acquisition and Management
• Learning and Development
• Alliances and Partnerships

Moreover, Dhok will continue to lead the APAC region and contribute significantly to the company's AI strategy, leveraging his extensive experience across horizontal technologies and the BFSI industry.

Company's Disclosure and Compliance

Persistent Systems, in compliance with SEBI regulations, has made the necessary disclosures regarding these leadership changes. The company's regulatory filing, dated August 12, 2025, provides detailed information about the transition, including the reasons for the change and Dhok's appointment terms.

Investor Relations

In a separate announcement, Persistent Systems disclosed its recent interactions with investors. The company held virtual one-on-one sessions with representatives from Creagis and Franklin Templeton on August 11, 2025. During these meetings, Persistent reiterated information from its Q1 FY26 earnings call, maintaining transparency with its stakeholders.

As Persistent Systems navigates this leadership transition, the appointment of Jaideep Dhok as COO-Technology signals the company's commitment to leveraging experienced leadership for its continued growth and technological advancement in the competitive IT services landscape.

Persistent Systems , a global leader in Digital Engineering and Enterprise Modernization, has announced significant changes to its leadership team, aimed at scaling its growth momentum and enhancing operational excellence.

Key Leadership Changes

Dhanashree Bhat, the current Chief Operating Officer and Senior Management Personnel (SMP), has decided to step down from her position, effective August 11, 2025. Bhat's departure is attributed to personal reasons and her pursuit of external career opportunities. The company has expressed gratitude for her valuable contributions to strengthening Persistent's operational and people-focused capabilities.

In a strategic move, Persistent Systems has elevated Jaideep Dhok to the position of Chief Operating Officer - Technology, effective August 12, 2025. This appointment underscores the company's focus on seamless execution and long-term transformation priorities.

Jaideep Dhok's Profile and New Responsibilities

Jaideep Dhok brings a wealth of experience to his new role:

• Over 23 years of experience across horizontal technologies and the Banking, Financial Services, and Insurance (BFSI) industry
• 14+ years at Persistent Systems, leading major transformation programs and expanding the BFSI segment
• Previously served as Senior Vice President for BFSI
• Currently leads the APAC region and is a key contributor to the company's AI strategy

In his new capacity as COO-Technology, Dhok will oversee:

• Delivery Excellence
• Talent Acquisition and Management
• Learning and Development
• Alliances and Partnerships

Additional Organizational Changes

As part of this transition, Vinit Teredesai, Persistent's Chief Financial Officer and Executive Director, will expand his responsibilities. In addition to his current roles overseeing Corporate Finance, Treasury, Financial Reporting, Taxation, Enterprise Risk Management, and Investor Relations, Teredesai will now also be responsible for IT and ESG (Environmental, Social, and Governance) initiatives.

Management's Perspective

Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent Systems, commented on the reorganization:

"We are pleased to welcome Jaideep to his new role as Chief Operating Officer – Technology. His strong technology background, coupled with execution focus and deep understanding of our business, will help us scale with agility as we look to pivot our Company on the AI-led, platform-driven strategy."

Company Outlook

With these strategic leadership changes, Persistent Systems aims to strengthen its position in the market and continue delivering value to all stakeholders. The company remains committed to executing its strategic priorities, with a particular focus on AI-led and platform-driven solutions across industries.

Persistent Systems, with over 25,000 employees across 18 countries, continues to be a significant player in the IT services sector, offering a comprehensive suite of services including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation.

As the company navigates these leadership transitions, it remains poised to leverage its strengths in innovation and client success, further solidifying its position in the global digital engineering and enterprise modernization landscape.