Manoj Chawan

iOS @cornerstoneInc

[Malay Krishna @Malay4Product]

Most Indians have not heard of Persistent Systems.

That is a shame, because every Indian should know what happened this weekend.

Let me explain everything from the beginning.

Persistent Systems is an Indian software company founded in Pune in 1990 by Dr. Anand Deshpande.

He started it after doing his PhD at Indiana University, came back to India, and built a technology company from scratch.

For most of its existence, Persistent was a mid-size player that did not get the same attention as TCS, Infosys, or Wipro.

Today, Persistent is recognised as the fastest-growing IT services brand globally in 2026. They have had 24 consecutive quarters of sequential revenue growth.

So, for six straight years, every single quarter has been bigger than the one before it. That kind of consistency is extremely hard to pull off in any business.

Now, they did something that has almost never happened before in Indian tech.

An Indian IT company just launched a takeover bid for a publicly listed German company on the Frankfurt Stock Exchange.

Persistent is offering 81 euros per share to buy Nagarro SE, which works out to approximately 1.1 billion euros.

And they are paying 140 percent above Nagarro's share price the day before the deal was announced. That is how badly they want this company, and how confident they are in what the combined business will be worth.

So what does Nagarro actually do and why does Persistent want it so badly?

Nagarro is headquartered in Munich, Germany. They have 18,500 employees across 40 countries and generated 1 billion euros in revenue in 2025.

Their biggest clients include four of the top five European automotive manufacturers. So BMW, Volkswagen, Mercedes-Benz type companies.

These are some of the most demanding engineering clients in the world.

Nagarro builds the software that goes inside these companies.

> The dealer management software.
> The supply chain tools.
> The digital interfaces that a BMW engineer uses when designing a new model.

This kind of deeply embedded enterprise software work is extremely difficult to replace once it is in place. These are long relationships measured in decades, not years.

That is why this deal makes strategic sense for Persistent.

Before this deal, only 9 percent of Persistent's revenue came from Europe. After this acquisition closes, that number jumps to 22 percent.

Right now, Persistent earns most of its money from North American clients, which means it is heavily exposed to whatever happens in the US economy.

If US companies cut tech spending, Persistent hurts.

Adding a strong European base changes that. Your revenue is now spread across two of the world's largest economies.

The combined company will have $2.9 billion in annual revenue and more than 46,000 employees across 40 countries. Of those, 37,000 plus will be in India.

So an Indian company, built by an Indian founder, that now employs 37,000 Indians and just bought a German company listed on the Frankfurt Stock Exchange.

For most of the last 30 years, the story of Indian IT was that we sent engineers to do work that Western companies needed done cheaply.

Good work, real work, but fundamentally in a support role. You came to us because we were affordable and skilled.

But now with Persistent buying Nagarro, Coforge buying Encora for $2.35 billion, TCS buying Coastal Cloud, Infosys buying Optimum Healthcare IT, Indian IT companies going out and buying Western companies for their client relationships, their market presence, and their technology capabilities.

We are the buyers now. :)

[Arjun* @mxtaverse]

instagram: i oppose delimitation because it is against the federal structure of our democracy

twitter: we do not want 270 more vip dehatis in parliament

[Abhijeet @abhic4ever]

This is where they died.
You can see how dangerous the whole thing is.

[Manoj Chawan @manoj_chawan]

@hijunedkhatri Bro forget grey market sellers even Myntra has cheaper price than this

[Manoj Chawan @manoj_chawan]

@anti_librandu0 Tried

[Devanshu Dhandhal @mrtechpedia]

I just got scammed on @Flipkart — not once, but TWICE. 

So I ordered a ₹2.6 lakh MacBook Pro and got a used, old model inside a sealed Apple box. We filmed the entire open box delivery, you can see that in first attached video.

I immediately requested a replacement, and this time I unboxed the product at the EKart office under CCTV, and again the MacBook had smudges and marks so basically not new (second unboxing video attached below). 2 times. 2 wrong deliveries.

After a discussion with customer care they started a return and then after 2 days they called me and offered me a compensation of 13K which I rejected, then 18K I rejected again and finally they offered me 10% which I rejected again.

And after all this negotiation they rejected the return. So I called them again and I asked for 10% compensation as it was a lot of hassle by talking to them. And moreover, I was able to clean the marks but the laptop was not new in the first place.

So why am I posting about it, here’s the disturbing part: it’s not just me. This seller called "Treasure Haul Online" has been scamming people for years. Users on LinkedIn, Reddit, YouTube, and X have posted about the same seller since 2023.

For more information I have made a video and link to that is given below this tweet.

I genuinely have 3 questions to ask:
1. How are fake products getting packed in sealed Apple boxes?
2. How is this seller still active despite public complaints from 2023?
3. How is this “Assured�� if even Flipkart can’t verify what’s inside?

@flipkartsupport, this isn't a mistake, it's negligence. You are enabling fraud through your platform.

This requires investigation, I am requesting action against the seller and Flipkart.

@jagograhakjago @CCI_India @GoI_MeitY @consumr_rights @consumerforum_ @Apple

[Manoj Chawan @manoj_chawan]

@atharva716 Thank you Carlo for 3 UCL. 😂
Can’t watch this make shift defence 😭

[Manoj Chawan @manoj_chawan]

@mipaltan Why is this video 1 hour long 🫡

[Manoj Chawan @manoj_chawan]

@atharva716 https://t.co/4GhyA0MfVx

[Karan @karannpatelll]

Yashasvi bhai vo tujhe run out karwane ki puri koshish karega. Sambhal ke rehna

[Manoj Chawan @manoj_chawan]

@atharva716 https://t.co/3AOpScwTg9

[Manya @CSKian716]

Kohli sahab looking absolutely switched on today which means a run out is inevitable before the end of day's play. 😭 I'm so scarred by the past.

[Manoj Chawan @manoj_chawan]

@atharva716 Travis Head passed the baton to smith :(

[Manoj Chawan @manoj_chawan]

@atharva716 batting ❌, bowling ❌ fielding 😭 what a fall for kohli

[RVCJ Media @RVCJ_FB]

Ab Toh mushkil se dekha jaa raha hai..

[Paras Chopra @paraschopra]

Smart!

[Manoj Chawan @manoj_chawan]

@swpnlbrkr @bookmyshow Swapnil to BMS users

[Manoj Chawan @manoj_chawan]

@narendramodi Neeraj’s biggest achievement is keeping entire nation awake including PM for non cricket sport 👏🥈#Olympics

[Manoj Chawan @manoj_chawan]

@MichaelVaughan Correction* White, Red & Pink.

[Manoj Chawan @manoj_chawan]

Modiji 1 cabinet ministry Bumrah ko bhi dedo
#Bumrah #INDvsPAK

[Out Of Context Cricket @GemsOfCricket]

saying this again- there is only one GOAT - Bumrah