Dev Information Technology Limited (DEVIT) has announced the acquisition of a significant domestic order from ‘M/s. Core Technologies’ for the provision of AutoCAD specialized toolsets with offline subscriptions. The contract, valued at approximately ₹26.00 lakhs, is a fixed-cost domestic project scheduled for execution over a period of roughly two months. This engagement focuses on enhancing industry-specific productivity, ensuring compliance, and providing operational support for the client.

The order specifically involves the delivery of the AD Commercial Product, which includes multi-user, non-language-specific (Windows) specialized toolsets. The project encompasses critical components such as auditability and operational readiness, reinforcing DEVIT’s role as a key provider of technical software solutions. This domestic contract further strengthens the company’s portfolio in the specialized productivity software segment within the Indian market.

Founded in 1997 and headquartered in Ahmedabad, Dev Information Technology Ltd. is a global IT services provider specializing in Cloud Services, Digital Transformation, and Managed IT Services. The company has been active in 2025 and early 2026, securing various high-profile contracts, including a ₹1.90 crore order from Gujarat’s Directorate of Food and Civil Supplies in January 2026 and a ₹6.97 crore order for Microsoft Office implementation in Gujarat colleges in December 2025. Additionally, the company’s associate, Dev Accelerator Limited (DevX), successfully launched its IPO in late 2025, which was oversubscribed by 64 times.

For the last announced quarterly financial results (Q2 FY26), the company reported a consolidated revenue of ₹142.73 crores, marking a substantial 195.87% increase compared to the same period in the previous year. Net profit for the same quarter surged by 756.38% year-on-year to ₹71.85 crores, largely driven by exceptional items. As of late 2025, the company’s shareholding pattern shows that promoters hold 66.63% of the equity, while the public holds 33.04%. Notable changes in ownership occurred in early 2026, with promoter Amisha Jayminbhai Shah selling a portion of her stake in the open market.

Leave a Reply

Quote of the week

Do not save what is left after spending; instead spend what is left after saving

~ Warren Buffett

Designed with WordPress

Discover more from Investeepedia

Subscribe now to keep reading and get access to the full archive.

Continue reading