Dev information technology Limited has announced a significant milestone in its operational excellence journey, achieving the prestigious CMMI Maturity Level 5 rating for Development. This achievement represents the highest level of organisational maturity under the internationally recognised Capability Maturity Model Integration (CMMI) framework.

CMMI Level 5 Achievement Details

The appraisal was conducted by CUNIX Quality and Management Pvt. Ltd., confirming DEV IT's successful assessment at Maturity Level 5, Version 3.0 of the CMMI Institute's framework. This rating signifies that the company operates at an 'optimising' level, where performance is continuously improved through a quantitative, data-driven approach to process management.

The CMMI Level 5 rating demonstrates that DEV IT uses statistical and predictive modelling techniques to enhance efficiency, improve predictability, and drive superior business outcomes. This achievement reinforces the company's ability to meet stringent national and international project requirements.

Leadership Perspectives on the Achievement

Company leadership expressed their pride in achieving this significant milestone, highlighting various aspects of the accomplishment:

Mr. Pranav Pandya, Co-Founder and Chairman, emphasized that this achievement reflects DEV IT's ongoing commitment to excellence in process improvement, innovation, and the delivery of high-quality solutions to clients.

Mr. Vishal Vasu, Chief Technology Officer and Whole-time Director, noted that the rating indicates the company's quantitative approach to process management and performance needs, leveraging statistical and predictive modelling techniques to drive business outcomes and enhance efficiency.

Mr. Prerak Shah, Whole-time Director and Joint CEO, described the CMMI Level 5 appraisal as a testament to the team's hard work and dedication to operational excellence and agility, reinforcing their ability to provide predictable, high-quality solutions on time and within budget.

Mr. Jaimin Shah, Co-Founder and Managing Director, highlighted that this achievement underscores DEV IT's position as a global leader in providing solutions across multiple technology domains.

Company Profile and Capabilities

Founded in 1997 and headquartered in Ahmedabad, India, Dev Information Technology Limited operates as a global information technology services and solutions company listed on both the National Stock Exchange and the Bombay Stock Exchange. The company has evolved from a small business automation software provider into a diversified IT and ITeS provider with a strong global footprint, including offices in India and Canada.

DEV IT offers proprietary products including Talligence, an AI-powered business intelligence and analytics platform, and ByteSigner, a bulk digital document signing solution supporting paperless workflows. The company maintains ISO certifications (ISO 9001, 20000, 27001) and holds strategic partnerships as Microsoft Gold Partner and AWS consulting partner.

Financial Performance and Market Presence

In Consolidated FY25, the company reported strong financial performance across key metrics:

DEV IT serves a diverse client base across North America, Europe, the Middle East, and India, continuing to expand its capabilities to meet evolving enterprise technology needs. The CMMI Level 5 achievement further strengthens the company's position in the global technology services market, demonstrating its commitment to delivering measurable business outcomes through process excellence and innovation.

Dev information technology Limited has secured a substantial work order worth ₹3.18 crore from National Informatics Centre Services Incorporated (NICSI) for developing advanced financial management applications for the Government of Rajasthan. The company announced this development through a regulatory filing under SEBI Regulation 30 on January 27, 2026.

Project Scope and Specifications

The awarded contract involves the development of IFMS 3.0 Web and Mobile Applications for the Directorate of Treasuries and Accounts, Government of Rajasthan, Jaipur. The comprehensive project encompasses multiple critical Finance Department functionalities designed to modernize the state's financial management systems.

Key Application Modules

The IFMS 3.0 development project will include several essential modules to support comprehensive financial management operations:

• Pension Management System
• Employee Management Module
• Works & Accounts Management
• Salary Management System
• Grant-in-Aid Processing
• Additional related financial components

Contract Details and Compliance

The order represents a domestic contract awarded by a state government entity, with no related party transactions involved. Dev Information Technology Limited obtained this work order through its empanelment credentials with NICSI, demonstrating the company's established relationship with government technology service providers.

Strategic Significance

This order reinforces Dev Information Technology Limited's position in the government technology solutions sector, particularly in financial management system development. The project involves creating both web and mobile applications, indicating the company's capability to deliver multi-platform solutions for complex government requirements. The 4-month execution timeline suggests an intensive development schedule that will contribute significantly to the company's revenue in the near term.