Anand Deshpande is an IIT alumnus who left his job in the United States to return to India and start his own company. Today, he is the founder and CEO of Persistent Systems, a company that has a market capitalisation of over Rs. 36,000 Crore.
Deshpande graduated from IIT Kharagpur in 1984 and went on to complete his master’s degree in Computer Science from Indiana University. He then started working for Hewlett-Packard in the United States, where he worked on developing software for various applications.
However, Deshpande always harboured a desire to return to India and start his own company. He believed that India had immense potential in the field of technology, and wanted to be a part of the country’s growth story.
In 1990, Deshpande left his job at Hewlett-Packard and returned to India to start his own company. He started Persistent Systems in Pune with just five employees and a vision to create a global software company that would be based in India.
Persistent Systems started out as a software services company, providing software development and maintenance services to clients in the United States and Europe. The company initially struggled to gain traction, as it was difficult to convince clients to work with an Indian company that was relatively unknown.
However, Deshpande was determined to succeed, and he continued to work hard to build the company’s reputation. He focused on delivering high-quality work to his clients and building strong relationships with them.
Over time, Persistent Systems began to gain traction, and the company started to win more business from clients in the United States and Europe. The company’s reputation for delivering high-quality work helped it to win more clients, and its business began to grow rapidly.
Today, Persistent Systems has over 12,000 employees and operates in over 30 countries. The company provides software development and maintenance services, as well as technology consulting and engineering services, to clients in various industries.
Persistent Systems has also been at the forefront of innovation in the technology industry. The company has been working on cutting-edge technologies such as artificial intelligence, machine learning, and blockchain, and has been developing innovative solutions for clients in various industries.
Deshpande’s vision and leadership have been critical to the success of Persistent Systems. He has always believed in investing in his employees and building a strong culture of innovation and collaboration within the company. He has also been a strong advocate for the development of the Indian technology industry, and has been actively involved in various initiatives to promote entrepreneurship and innovation in the country.
Deshpande’s success with Persistent Systems has made him one of the most respected entrepreneurs in India. He has been recognised for his contributions to the technology industry, and has received numerous awards and accolades for his work.
In addition to his work with Persistent Systems, Deshpande has also been involved in various philanthropic initiatives. He has been a strong advocate for education and has been actively involved in initiatives to promote education in rural areas of India.
Deshpande’s story is an inspiration to many aspiring entrepreneurs. His decision to leave a comfortable job in the United States and return to India to start his own company was a bold move, but it has paid off. His success with Persistent Systems is a testament to the potential of the Indian technology industry, and his commitment to building a strong culture of innovation and collaboration has helped to make Persistent Systems a global leader in the industry.
Anand Deshpande is a true visionary and a trailblazer in the Indian technology industry. His decision to start Persistent Systems in India has helped to put the country on the map as a global leader in software development and technology consulting. His commitment to innovation, collaboration, and employee development has been critical to the success of Persistent Systems, and his leadership has been an inspiration to many aspiring entrepreneurs. Through his work, Deshpande has shown that it is possible to build a world-class technology company in India, and that with hard work, perseverance, and a strong vision, anything is possible. His dedication to promoting innovation and entrepreneurship in India has helped to create a thriving technology ecosystem in the country, and his philanthropic initiatives have helped to improve the lives of many. Anand Deshpande’s story is a true testament to the power of entrepreneurship, and a source of inspiration for all those who aspire to make a difference in the world of business and technology.