Dev Information Technology Ltd – Company Report
1. Company Overview
Dev Information Technology Ltd (DEV IT), incorporated in 1997 and headquartered in Ahmedabad, Gujarat, is a leading Indian information technology solutions and services firm. Over its multi-decade journey, DEV IT has evolved from developing business automation software to becoming a digital transformation partner for enterprises and government organizations. The company operates globally, serving clients in India, Canada, and other international markets, and is listed on both the National Stock Exchange (NSE: DEVIT) and Bombay Stock Exchange (BSE: INE060X01026). DEV IT holds ISO 9001, ISO 27001 certifications and is CMMI Level 3 appraised, highlighting its commitment to quality and security. The company is also a Microsoft Gold Partner, AWS Partner, and Adobe Partner. Under the leadership of Founder & Chairman Pranav Pandya, DEV IT is recognized for its expertise in cloud solutions, cybersecurity, digital transformation, and managed IT services.
- Incorporated: December 23, 1997
- Headquarters: Ahmedabad, Gujarat, India
- CEO/Chairman: Pranav Pandya
- Certifications: ISO 9001, ISO 27001, CMMI Level 3
- Employees: ~400+
- Offices: Gujarat (HQ), Rajasthan, Kerala, Canada
- Stock Listings: NSE, BSE
- Market Cap (July 2025): ~₹258 crore
2. Products and Services
DEV IT offers a comprehensive range of technology solutions and services tailored for businesses and government agencies:
Cloud and Infrastructure Services
- Cloud advisory, application modernization, managed cloud services, enterprise DevOps
- Data center support, server monitoring, backup, and disaster recovery
Digital Transformation
- Modern workplace enablement (M365 migration, hybrid/remote work setup)
- Cybersecurity services, data analytics, blockchain solutions
- E-governance platforms and digital governance initiatives
Enterprise Applications
- Microsoft Dynamics 365 F&O, CRM, and Business Central implementations
- Microsoft Power Platform solutions
Managed IT and Support
- Managed digital workplace, IT infrastructure management, 24/7 server and application monitoring
Application Development
- Custom software development, web and mobile apps, eGov platforms, enterprise portals
- SEO, social media marketing, and digital marketing services
Notable Products
- Proprietary platforms like Talligence (business intelligence for Tally), ByteSigner (digital signing)
DEV IT’s end-to-end approach makes it an ideal partner for organizations aiming to optimize technology investments, ensure compliance, and drive business innovation.
3. Recent News & Developments
- September 29, 2025: Dev Information Technology Ltd has received ₹82 lakh order from Rajcomp Info Services, a government of Rajasthan undertaking.
- September 17, 2025: The company has received ₹40 Lakhs order from National Informatics Centre Services Incorporated (NICSI)
- August 28, 2025: Dev Information Technology Ltd has received ₹1.06 crore work order from RajCOMP Info Services Ltd., a Government of Rajasthan undertaking. The order pertains to integrated web portals and mobile applications.
- July 22, 2025: Dev Information Technology Ltd has received ₹1.29 crore order from NICSI (National Informatics Centre Services Inc.) for developing an Integrated Financial Management System (IFMS).
- July 6, 2025: Dev Information Technology Ltd received ₹1.16 crore order from RajCOMP for ESB middleware project
- June 11, 2025: The company has received ₹2.90 crore project from RajCOMP for Employment Exchange Management System 2.0
- July 4, 2025: The company has received ₹4.4 crore Microsoft licensing and transformation project from Alivus Lifesciences
- March 20, 2025: Dev Information Technology Ltd has received ₹1.4 crore contract from NICSI to develop and maintain IFMS 3.0
- February 24, 2025: The company has received ₹2.4 crore project for Lok Sabha Secretariat website and software
- February 4, 2025: Dev Information Technology Ltd has received ₹2 crore cybersecurity deal with a US enterprise client
- December 24, 2024: Power BI dashboard project and SAP BO migration for US clients
- August 21, 2024: The company has received ₹97 lakh order from Gujarat State Fertilizers & Chemicals Limited
- Other notable clients include Rajya Sabha Secretariat, GEDA, and other government bodies
4. Financial Performance (FY2025)
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹183.9 crore | 11.38% |
| EBITDA Margin | 12.9% | +362 bps |
| Net Profit | ₹14.78 crore | 55.98% |
| Net Profit Margin | 8.04% | — |
| EPS | ₹6.60 | 57.89% |
| Return on Equity (ROE) | 23.8% | Above 5-year avg |
| Dividend Payout % | 8% | FY25 |