Dev Information Technology Ltd (DEVIT) Share Price & Fundamentals

What we do

Dev Information Technology Limited provides IT-enabled services including cloud services, digital transformation, enterprise applications, managed IT services, custom software, and co-working spaces.

Founded in

1,997

Market share

Strong market presence in India with growing international footprint in North America and Europe; well-recognized IT partner in government and enterprise sectors.

Problem solved

Delivers digital transformation, enterprise IT solutions, cybersecurity, and product innovation to enhance operational efficiency and secure business processes.

Top clients or who we serve

Serves over 600 clients across 20+ industries including government bodies and private enterprises, focusing on B2B and government sectors.

Key management

Pranav Niranjanbhai Pandya - Founder & Chairman; Jaimin Jagdishbhai Shah - Managing Director; Vishal Nagendra Vasu - Whole-time Director; Prerak Pradyumna Shah - Whole-time Director.

Our journey and innovations

Founded in 1997; launched key products ByteSIGNER and Talligence; expanded via acquisitions (Minddeft, Dhyey Consulting); established global labs and offices.

Where we operate

India, Canada, USA, Europe, and other international markets with significant government and private sector engagements.

Top products or what we offer

Key offerings include Cloud Services, Digital Transformation, ERP & CRM (Microsoft Dynamics), Managed IT Services, Bespoke Software, and DevX co-working spaces.

Top brands

ByteSIGNER - automated digital signing; Talligence - AI-driven business intelligence; DevX - premier co-working spaces with pan-India presence.

Raw materials needed

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Raw materials supplier

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Recurring vs cyclical contribution

Revenue is a mix of recurring managed services and project-based IT solutions, balanced with product sales and co-working space leasing.

Our industry position

Recognized managed service provider with awards; strategic partner to Microsoft; prominent in digital government and enterprise transformation.

Financial highlights

FY25 consolidated revenue ₹1839.09 Mn, net profit ₹147.80 Mn, EBITDA ₹237.18 Mn; CAGR ~17% revenue growth over FY23-FY25.

Geographical revenue split

Approximately 70.65% domestic revenue and 29.35% international revenue mix in FY25.

Order book

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Whats driving growth

Growth driven by digital transformation demand, government e-governance projects, AI & cybersecurity adoption, and strategic acquisitions.

Our future plans

Expand North American presence, enhance AI, IoT, and cybersecurity offerings, target 1.5x revenue growth and double export revenue.

Our green promise

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Our people and values

Over 1,000 employees with focus on merit-based equal opportunity, ethical conduct, and employee stock option schemes to incentivize talent.

Key challenges ahead

Margin pressure from investments in emerging tech and geopolitical uncertainties; competitive IT services market challenges.

Interesting facts

Awarded Best Managed Service Provider multiple years; operates a CMMI DEV/3 appraised Nearshore Center in Canada; pioneer in AI-powered analytics.

Risks and strategy

Mitigates risks via diversified services, geographic expansion, innovation through R&D, and compliance with global regulations.