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FY24 Performance Highlights
Our Future-Ready Global Workforce
Persistent University
Environmental, Social and Governance
Persistent Foundation
Client Resilience and Success
FY24 Awards and Analyst Recognitions
Innovation for Resilience and Excellence
Partnering for Future-Ready Solutions
The Persistent Way Forward
Message from the Chairperson
“The greatness of a community is most accurately measured by the compassionate actions of its members.” — Coretta Scott King
This quote rings so true in my ears. It is surreal to realise that Persistent Foundation has completed 15 years of dedicated service to society. We are so blessed to have been given this opportunity to be a part of the community for the last decade and a half. Giving back, being in a position of privilege and having the means to help make a difference in the lives of less fortunate people, have been the most fulfilling part of our journey.
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Summary of
FY24 Achievements
8
new locations
68
impactful projects completed
65
implementing partners
29,927
individuals postively impacted
42,717
lives benefited
Established in 2009, Persistent Foundation embodies Persistent Systems' commitment to Corporate Social Responsibility. Since its inception, Persistent Systems has donated 1% of its profits towards social causes until 2013. Thereafter, we have been donating 2% of our profits. The Foundation's initiatives target specific community needs in Pune, Nagpur, Bangalore, Hyderabad, and Goa, with a focus on Health, Education, Community Development, and Preservation of Heritage and Wildlife.
The Foundation provides support to medical services, bridges learning gaps, aids in income generation and entrepreneurship, and more. Our interventions evolve with changing needs, such as the integration of COVID-19 relief work during the pandemic. The Foundation works in solidarity with communities, encouraging self-reliance by involving community members in project planning and execution. Collaborations with government authorities, NGOs, hospitals, schools, and other relevant organisations help maximise impact. Persistent employees have contributed over INR 90 lakhs in donations and 4,000 hours of valuable time, playing a tremendous role in the Foundation's success.
After 15 years of successful CSR interventions, the Foundation's resolve to empower communities and foster sustainable development remains unwavering. With a continued commitment to its core thrust areas and the addition of a new vertical, Preservation of Heritage and Wildlife, the Foundation aims to create a lasting impact and empower communities to thrive.
Flagship Project:
Kiran Girls Scholarship and Mentoring Programme
The Kiran Girls Scholarship and Mentoring Programme, Persistent Foundation’s flagship educational initiative, is making a massive difference in the lives of girls and young women. Implemented at four locations in partnership with the Foundation, the programme has already benefited 150 girls with the support of 106 mentors.
Notably, the daughter of a security guard employed with Persistent Systems has also become eligible for this life-changing scholarship. In terms of placements, 44 students have graduated, with 30 already securing positions and more placements in progress.
The success stories include a student securing a lucrative INR 20 L package from J.P. Morgan, while the lowest package stands at INR 3.5 L.
Additionally, three Pune Kiran Scholars have found placement in Persistent Systems, highlighting the programme's effectiveness.
Education
Persistent Foundation is dedicated to nurturing and empowering young minds by providing top-notch education and enhancing infrastructure, all in the pursuit of a brighter future. In FY 2023-24, the Foundation spearheaded 26 impactful initiatives, benefiting 25,169 individuals, with 19,060 unique beneficiaries. Furthermore, the Foundation succeeded in establishing 33 valuable partnerships to further its mission.
Flagship Project:
Support for Facial Cleft and Palate Surgeries
Our flagship project focused on providing vital support for facial cleft and palate surgeries, which were successfully implemented at eight different locations, reached a total of 1,014 patients. One of the key partner organisations involved in this noble endeavor was Akhila Bharatha Mahila Seva Samaja (ABMSS).
Persistent Foundation was honoured with the Award for Excellence in Health Facilities for the Underprivileged at the prestigious Act of Compassion Awards 2024, recognising its invaluable work in providing life-changing facial cleft and palate surgeries to underprivileged children.
Health
The Foundation continues to make a tremendous impact on the lives of children and the elderly by providing crucial healthcare support and creating healthier and happier communities. Throughout the year, the Foundation initiated 16 impactful healthcare projects, benefiting a total of 8,232 individuals. These initiatives were made possible through the strategic establishment of 17 partnerships with various esteemed organisations.
Flagship Project:
Watershed—Integrated Development
The Government of Maharashtra launched the “Jalyukt Shivar Yojana” project to make the state drought-free by 2019, involving deepening streams, constructing dams and farm ponds, and harvesting rainwater. Persistent Foundation collaborated with authorities and NGOs to implement watershed projects in identified villages. These projects involved desilting streams, constructing check dams, and excavation work, fostering stakeholder engagement through participation.
The implementation led to water budgeting, economic stability, crop diversification, and improved agricultural production for villagers. It strengthened soil and water structures downstream. Additionally, it improved villagers' health, reduced women's daily labour burden, enabling them to focus more on farming. The project facilitated behavioral changes among villagers towards water conservation and management. Increased access to water has enabled farmers to diversify crops and improve agricultural production.
Employee Engagement in CSR Activities
Persistent Foundation utilised 100% of funds against donations received.
5,613
total donors
INR 79.87 Lakhs
donated
8,118
volunteers
11,388
volunteering hours
Persistent Foundation is deeply committed to the preservation of cultural heritage, the mitigation of human-animal conflicts, and the conservation of biodiversity to ensure a harmonious co-existence. This multi-faceted approach involved the implementation of six specific initiatives, each tailored to address unique challenges and opportunities. The combined efforts directly impacted a total of 2,000 individuals, with 1,000 unique beneficiaries benefiting from these initiatives. Moreover, the Foundation actively sought and established four strategic partnerships with like-minded organisations and stakeholders to further amplify its impact and reach.