BEL, Metamind & Persistent Systems sign Tripartite MoU to offer innovative AI-driven software solutions
Bengaluru, June 10. Navratna Defence PSU Bharat Electronics Limited (BEL), Metamind Systems Private Limited and Persistent Systems Limited have signed a tripartite MoU to jointly develop and deliver innovative software products, solutions and service offerings in the domains of Data Analytics, Artificial Intelligence (AI), Machine Learning (ML) and Cyber Security across sectors such as Aerospace & Defence, Healthcare, Telecommunications, Energy, Smart Cities and other technology-driven industries. The partnership will focus on collaborating and exploring business opportunities in India, the United States (US) and Latin America (LATAM).
The tripartite MoU was signed by Smt Durga G K, Executive Director (Software), BEL; Sri Hrishikesh Kinikar, Director, Metamind Systems Private Limited; and Sri Rajesh Gharpure, Chief Delivery Officer, Persistent Systems Limited in the presence of Sri Rajnish Sharma, Director (Bengaluru Complex), and Sri Manoj Jain, Chairman & Managing Director, BEL.
About Bharat Electronics Limited
BEL, a Navratna PSU under the Ministry of Defence, Government of India, is a leader in the Defence / Strategic Electronics market in India. BEL is a multi-product, multi-technology, multi-Unit conglomerate, which boasts of over 600 products in the areas of Radars & Fire Control Systems, Weapon Systems, Communication & Network Centric Systems, Naval Systems, Electronic Warfare & Avionics, Electro Optics, Anti-Submarine Warfare Systems, Tank Electronics & Gun Upgrades, Homeland Security, Civilian Products and Strategic Components.
Some of the areas BEL is focusing on as part of its diversification efforts include solutions for Civil Aviation, Unmanned Systems, Railway & Metro Systems, Network & Cyber Security, Smart City Solutions, Space Electronics, Arms & Ammunition, Seekers, Medical Electronics and Artificial Intelligence. BEL is a CMMi Level 5, ISO As-9100, ISO 27001-2013 (ISMS) certified organization and CERT-In empanelled agency.
About Metamind Systems Private Limited
Metamind Systems is a multi-product, multi-technology private limited company actively engaged and specialised in the design, development and provision of software products and customised software development services and Digital Transformation. WorkFusion HRMS is one of their prime offerings.
Digital Platform as a Service (dPaaS) is a cloud computing service model of Metamind that provides a platform for developing, deploying and managing digital applications and services. Through strategic associations and partnerships, Metamind has actively participated in Government-initiated projects alongside BEL.
About Persistent Systems Limited
Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernisation to businesses across industries. With over 24,500 employees located in 19 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation.
The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15 as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent is also a constituent of the Dow Jones Sustainability World Index.
The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as taking actions that advance societal goals. With 327% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in the 2024 Brand Finance India 100 Report.
