Persistent Partners IIT Kharagpur for AI Lab; Shares Rise 0.63%

Mumbai, May 5: Persistent Systems Limited has partnered with Indian Institute of Technology Kharagpur to set up an AI Innovation Lab, as part of its push to strengthen research and enterprise AI capabilities, the company said in a filing on Tuesday.

The collaboration will see the lab established within the Department of Computer Science and Engineering at IIT Kharagpur. The agreement has been signed through an affiliate of Persistent Systems.

The company said the initiative will focus on applied research, talent development and building AI solutions that can be deployed at scale. It forms part of Persistent’s broader AI-first strategy.

According to the disclosure dated May 5, 2026, the lab will work on domain-specific AI systems across areas such as healthcare analytics, financial intelligence and education technology. It will be equipped with advanced computing infrastructure to support development and testing of AI models.

Stock Market Snapshot

Shares of Persistent Systems rose 0.63% to ₹4,818.40 as of 15:08 IST on May 5, 2026, compared with the previous close of ₹4,788.10, according to exchange data.

The gain reflects a positive, though measured, response from investors. The collaboration is being seen as a long-term step towards strengthening the company’s AI capabilities and talent pipeline.

Focus on Real-World AI Use

The partnership aims to connect academic research with practical business applications. The companies plan to build AI systems that can be used across industries through structured development and deployment frameworks.

The lab is also expected to support collaboration between academia, industry and other stakeholders, with a focus on expanding India’s AI ecosystem.

Company Background

Persistent Systems operates as a digital engineering and enterprise modernisation company, offering services in software, cloud, data and artificial intelligence.

It works with clients across industries and geographies, focusing on building scalable, technology-driven solutions.

What to Watch

The collaboration strengthens Persistent’s focus on AI-led growth, but the impact will take time to show.

Source:

• NSE
• https://www.nseindia.com/get-quote/equity/PERSISTENT/Persistent-Systems-Limited
• https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_05052026123328_PSLPressRelease05052026Sd.pdf