Persistent Systems Pte. Ltd., the Singapore-based wholly owned subsidiary of Persistent Systems, has successfully established its Wholly Owned Foreign Enterprise (WFOE) in China. The new entity was established on February 27, 2026. The company secured its official Business License from the Shanghai Administration for Market Regulation (SAMR) on February 28, 2026, under the name Baixinteng System Service (Shanghai) Co. Ltd.
International Expansion Confirmation
Persistent Systems today announced a significant strategic step for its international operations. Persistent Systems Pte. Ltd., based in Singapore and operating as the Company’s Wholly Owned Subsidiary, has formalized the establishment of its Wholly Owned Foreign Enterprise (WFOE) in the People’s Republic of China. This establishment date is noted as February 27, 2026.
Official Licensing Secured
The parent company confirmed that the necessary regulatory approvals have been secured. Specifically, the Business License was received from the Shanghai Administration for Market Regulation (SAMR) on February 28, 2026. The newly licensed entity will operate under the formal Chinese name of Baixinteng System Service (Shanghai) Co. Ltd., which will function as Persistent Systems (Shanghai) Co. Ltd.
Regulatory Filing Details
This development was formally disclosed to the stock exchanges in compliance with required listing regulations. The announcement was authorized and signed by Amit Murari Atre, Company Secretary, on the date of the filing, February 28, 2026. The symbolic reference for the filing was PERSISTENT on the NSE and 533179 on the BSE.
Source: BSE
