DEV Information Technology Limited (DEV IT), a renowned IT and ITeS service provider, has secured two major government orders totaling ₹3.8 Cr, further solidifying its position in the IT sector. These contracts, awarded by National Informatics Centre Services Incorporated, a Government of India entity, highlight DEV IT’s growing presence in government-backed digital transformation initiatives.
The first project, valued at ₹3.28 Cr, involves developing, customizing, implementing, and maintaining an IT system for Rajasthan Mahila Nidhi Credit Cooperative Federation Limited. This initiative will enhance financial inclusion for women by streamlining credit cooperative operations through a state-of-the-art software platform, executed over three years.
The second project, worth ₹52 lakh, focuses on developing modules for the CM Kisan & Gopal Credit Card Schemes under Cooperative Management System 2.0 (Raj Sahakar). Aimed at optimizing agricultural credit services, this initiative will support farmers and dairy entrepreneurs with improved financial accessibility over a two-year execution period.
DEV IT continues to reinforce its expertise in mission-critical IT solutions, especially in the government sector. Commenting on this milestone, Founder & Chairman Mr. Pranav Pandya expressed confidence in DEV IT’s ability to drive efficiency, transparency, and innovation in public sector IT infrastructure. With a strong foundation and a people-centric approach, DEV IT is poised for sustained revenue growth and long-term business stability.
Point-wise Report:
- ✅ Company: DEV Information Technology Limited (DEV IT)
- ✅ Total Orders Secured: ₹3.8 Cr
- ✅ Awarding Authority: National Informatics Centre Services Incorporated
- ✅ Project 1 Details:
- ₹3.28 Cr contract
- Rajasthan Mahila Nidhi Credit Cooperative Federation Limited
- Focus: Financial inclusion for women
- Duration: 3 years
- ✅ Project 2 Details:
- ₹52 lakh contract
- CM Kisan & Gopal Credit Card Schemes under Raj Sahakar
- Focus: Agricultural credit services for farmers & dairy entrepreneurs
- Duration: 2 years
- ✅ Strategic Importance:
- Strengthens DEV IT’s role in government-backed IT projects
- Reinforces position in digital transformation sector
- Ensures sustained revenue growth and business stability
- ✅ Leadership Statement:
- Commitment to efficiency, transparency, and innovation
- Expansion of services in Rajasthan and beyond
- ✅ Future Prospects:
- Increased focus on government IT initiatives
- Expansion in Cloud Services, Digital Transformation, and Managed IT Services
Effect on Stock Market:
- ↑ Positive Market Impact:
- Increased investor confidence due to high-value government contracts
- Strengthened financial outlook and projected revenue growth
- Enhanced credibility in the IT sector
- ↓ Potential Risks:
- Dependence on government contracts could pose revenue fluctuations
- Execution challenges in large-scale digital projects
- Competitive pressure from other IT firms
Company Details:
- Name: DEV Information Technology Limited (DEV IT)
- Founded: 1997
- Headquarters: Ahmedabad, India
- Offices: Gujarat, Maharashtra, Rajasthan, Canada
- Services: Cloud Services, Digital Transformation, Enterprise Applications, Managed IT Services, Business & Mobile Applications
- Stock Exchange Listings: NSE (DEVIT), BSE (543462)
- Certifications: ISO 20000, ISO 27001, ISO 9001, CMMI Level 3
- FY24 Financials:
- Revenue: ₹165.12 Cr
- EBITDA: ₹15.31 Cr
- PAT: ₹9.48 Cr
📢 “Transforming Governance, Empowering People – DEV IT Leads the Digital Future!”
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
