Persistent Foundation
In order to fulfill the Company’s Corporate Social Responsibility, Persistent Systems has been donating to the institutions, working primarily in the field of Health and Education since the financial year 1995-96. The Company earmarks 1% of the Consolidated Net Profit of the previous financial year for the purpose of donation in the subsequent financial year. To institutionalize Persistent System’s Corporate Social Responsibility initiative and to develop a systematic approach to administer the process of grant of donations, the Company formed a public charitable trust, named Persistent Foundation (the “Foundation”) on October 29, 2008. The Foundation was registered with the office of the Deputy Charity Commissioner, Pune on March 21, 2009.
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