Dev Information Technology
31.59
-0.94(-2.89%)
Market Cap₹177.96 Cr
PE Ratio2.38
Company Performance:
1D-2.89%
1M-11.11%
6M-29.27%
1Y-52.94%
5Y+151.71%
View Company Insightsright
More news about Dev Information Technology
03Jan 26
Dev Information Technology Promoters Reduce Stake by 13.16% Through Open Market Sale
Promoters of Dev Information Technology Limited executed a major stake sale through open market transactions, disposing 74.13 lakh shares worth 13.16% of equity capital on December 31, 2025. The transaction reduced total promoter holding from 18.99% to 5.83%, with formal disclosure filed under SEBI regulations on January 2, 2026.
01Jan 26
Dev Information Technology Secures ₹1.90 Crore Order from Gujarat Food Department
Dev Information Technology has won a significant ₹1.90 crore contract from Gujarat's Food Civil Supplies and Consumer Affairs Department for RDBMS software development. The expanded project now includes four digital platforms: e-Rasan Application, My Ration Mobile App & Portal, Direct Benefit Transfer Portal, and Jan Seva & Digital Sevasetu App, to be completed within two months under a fixed-cost domestic contract.
26Dec 25
Dev Information Technology Withdraws ₹68.18 Crore Convertible Warrants Issue
Dev Information Technology has withdrawn its proposed ₹68.18 crore convertible warrants issue after Board review on December 26, 2025. The company is focusing on strategic business restructuring and potential collaborations to enhance operational efficiency and create sustainable value for stakeholders.
23Dec 25
Dev Information Technology Wins ₹71 Lakh Order from Vishakha Group
Dev Information Technology Limited has won a consolidated order worth approximately ₹71.00 lakhs from three Vishakha Group entities. The project involves enterprise software license procurement and professional services, including migrating over 550 users to a single tenant setup and implementing ManageEngine solutions. The order, to be executed over 3-4 months, showcases Dev IT's expertise in multi-vendor migrations and digital transformation.
23Dec 25
Dev Information Technology Secures ₹6.97 Crore Order for Microsoft Office Implementation in Gujarat Educational Colleges
Dev Information Technology has won a significant ₹6.97 crore fixed-cost contract from the Knowledge Consortium of Gujarat to implement Microsoft Office Suite across various educational institutions including Arts & Science colleges, Commerce colleges, Engineering colleges, and Government Polytechnics at Taluka and District levels. The project, scheduled for completion by February 5, 2026, aims to enhance analytical and review capabilities of reports generated by KCG and represents a major digitalization initiative in Gujarat's higher education sector.
22Dec 25
Dev Information Technology Secures ₹93 Lakh NICSI Order for IT Services Deployment
Dev Information Technology has won a ₹93 lakh contract from NICSI for IT professionals deployment at Bureau of Indian Standards in New Delhi. The 6-month project involves design, development, implementation and maintenance of application software and website services on a Time Material basis, enhancing the company's government sector presence.
18Nov 25
Dev Information Technology Shareholders Greenlight Issuance of 1.5 Crore Convertible Warrants
Dev Information Technology Limited held an EGM where shareholders approved the issuance of up to 1.5 crore fully convertible warrants on a preferential basis. The meeting was conducted via video conferencing, chaired by Mr. Pranav Niranjan Pandya. The company made revisions to PCS Certificate and Valuation Report for NSE and BSE approval, emphasizing that these changes did not affect the proposed warrant price. E-voting facilities were provided, and the Managing Director, Mr. Jaimin J. Shah, presented an overview of the transaction and its objectives.
14Nov 25
Dev Information Technology Reports 10.32% Revenue Growth Despite Margin Pressure in H1 FY26
Dev Information Technology Limited reported consolidated revenue of ₹92.64 crore for H1 FY26, a 10.32% year-over-year increase. However, EBITDA declined to ₹7.85 crore from ₹17.29 crore in the same period last year. The company reported exceptional gains of ₹93.55 crore from its subsidiary DevX's public listing. Dev IT is investing in AI, blockchain, and cybersecurity while expanding its presence in India's e-governance market. The company noted geopolitical uncertainties in North American markets that may impact operations.
27Oct 25
Dev Information Technology to Issue 1.5 Crore Convertible Warrants Worth ₹68.18 Crore
Dev Information Technology Limited (DEVIT) announced plans to raise up to ₹68.18 crore through the issuance of 1.5 crore convertible warrants at ₹45.45 each on a preferential basis to Aeroflex Enterprises Limited. The warrants are convertible into equity shares within 18 months of allotment. Funds will be used for working capital, investments in subsidiaries, capital expenditure, and general corporate purposes. The proposal requires shareholder approval at an EGM scheduled for November 18, 2025. Post-conversion, Aeroflex could hold a 21.03% stake in DEVIT.
18Oct 25
DEV Information Technology to Raise Rs 681.75 Crore Through Warrant Issue to Aeroflex Enterprises
Dev Information Technology Limited (DEVIT) has announced a plan to issue 1.5 crore convertible warrants at Rs 45.45 per warrant to Aeroflex Enterprises Limited, a non-promoter entity. The total fundraise is expected to be Rs 681.75 crore. The proposal requires regulatory approvals and shareholder consent at an EGM scheduled for November 18, 2025. The board approved this decision in a meeting on October 18, 2025.
26Sept 25
Dev Information Technology Secures ₹82 Lakh Contract for WebMyWay Project from Rajasthan Government
Dev Information Technology Ltd. (DEVIT) has won a ₹82 lakh contract from RajCOMP Info Services Ltd., a Rajasthan government undertaking. The 12-month project involves developing, maintaining, and supporting the WebMyWay project, an in-house Content Management System for government websites. The system has already created over 82 websites, 742 microsites, and includes features for centralized updates and webpage creation. This fixed-cost domestic order strengthens DEVIT's position in the government digital services sector.
25Sept 25
DEV Information Technology Secures ₹71 Lakh Contract from Guj Info Petro Ltd for Infrastructure Upgrade
Dev Information Technology Limited has won a contract worth approximately ₹71 lakhs from Guj Info Petro Ltd (GIPL) for upgrading and migrating GIPL's cluster infrastructure. The project involves upgrading the data centre, provisioning e-Governance applications, and deploying Microsoft Windows Server 2025 at GIPL's Gandhinagar data center. The project aims to enhance performance, scalability, and operational efficiency with a 2-3 week timeline. DEV IT has disclosed this non-related party transaction to the National Stock Exchange of India Limited and BSE Limited.
14Sept 25
DevX's IPO Oversubscribed 64 Times, Backed by Dev Information Technology
Dev Accelerator Limited (DevX), an associate of Dev Information Technology Limited, saw its IPO oversubscribed 64 times. The offering consists of 23.5 million equity shares priced at ₹61 each. Dev Information Technology shareholders' quota was oversubscribed 49.97 times, indicating strong confidence. DevX's successful IPO suggests robust investor interest in the technology sector.
09Sept 25
Dev Accelerator Limited Announces IPO Launch
Dev Accelerator Limited has announced its Initial Public Offering (IPO) with a price band of ₹56.00 to ₹61.00 per share. The IPO, set to launch on September 10, 2025, aims to raise up to ₹1,433.50 crore. The funds will be utilized for capital expenses and debt repayment. This IPO presents an opportunity for investors to participate in the company's growth, subject to thorough research and consideration of personal financial goals.
03Sept 25
Dev Accelerator Limited Files IPO Prospectus, Aims to Raise ₹1.1 Billion
Dev Accelerator Limited, an associate of Dev Information Technology, has filed its final red herring prospectus for an IPO. The company plans to issue 23.5 million shares, aiming to raise approximately ₹1.1 billion. This move comes amid growing interest in the Indian tech sector. Dev Accelerator's association with Dev Information Technology, which has a market cap of ₹2.50 billion, may provide advantages in the competitive tech landscape.
02Sept 25
Dev IT Secures ₹65 Lakh Contract from Gujarat Government for Office Automation
Dev Information Technology Limited has won a ₹65 lakh contract from Gujarat Informatics Limited to implement Microsoft Office suite and office automation software for the Gujarat Chief Minister's Office. The six-month project aims to enhance analytical and review capabilities of reports. This contract strengthens Dev IT's presence in government IT projects and showcases its ability to deliver solutions for public sector clients.
28Aug 25
Dev Information Technology Secures ₹1.06 Crore Contract from Rajasthan Government Entity
Dev Information Technology Ltd. has won a ₹1.06 crore contract from RajCOMP Info Services Ltd., a Rajasthan Government undertaking. The project, titled 'Portal Websites,' involves enhancing integrated web portals and applications using Adobe Experience Manager platform. The contract duration is approximately 12 months. Dev Information Technology currently holds active work orders worth about ₹50.00 crores from various government entities across India.
1 Year Returns:-52.94%
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