Dev Information Technology Ltd, a fast-growing player in India’s digital transformation and managed services space, has announced the acquisition of a new contract valued at Rs 4 million. The work order, confirmed in mid-September 2025, adds to the company’s expanding portfolio of government and enterprise technology engagements. While the client name and scope remain undisclosed, the contract is expected to involve core IT services, infrastructure support, and digital enablement solutions.
This latest win reinforces Dev IT’s consistent trajectory of securing mid-sized contracts across sectors such as e-governance, cybersecurity, cloud migration, and enterprise automation. The company has been actively building its order book through competitive bidding and strategic partnerships, with over a dozen contracts awarded in the past six months alone.
Key highlights from the contract announcement
- Dev Information Technology Ltd receives Rs 4 million work order
- Contract expected to cover IT services and infrastructure support
- Adds to a growing pipeline of digital transformation projects
- Follows recent wins in cybersecurity, government digitization, and enterprise automation
- Company maintains strong execution capacity across Tier 1 and Tier 2 cities
- Contract to be executed during Q3 FY2025–26
Operational scope and delivery model
Though specific details of the new contract remain confidential, Dev IT is expected to deploy its hybrid delivery model, combining onsite support with remote infrastructure management. The company’s core competencies include:
- Application development and modernization
- Cloud infrastructure setup and migration
- Cybersecurity and endpoint protection
- Managed IT services and helpdesk support
- Data analytics and dashboarding solutions
The Rs 4 million contract will likely be serviced through Dev IT’s regional hubs in Gujarat and Rajasthan, where the company maintains strong client relationships and operational depth.
Recent contract momentum and sectoral diversification
Dev Information Technology has been on a steady contract acquisition streak throughout FY2025. Notable recent wins include:
- Rs 10.6 million order for digital services in August 2025
- Rs 11.6 million cybersecurity contract in July 2025
- Rs 44 million IT infrastructure deal with Alivus Lifesciences in July 2025
- Rs 14 million digitization project from NICSI in March 2025
- Rs 38 million combined orders for enterprise automation in March 2025
These engagements span healthcare, education, government, and private enterprise, reflecting Dev IT’s ability to tailor solutions across verticals. The company’s modular service architecture allows for rapid deployment and scalability, making it a preferred vendor for mid-sized digital transformation mandates.
Financial performance and market positioning
Dev Information Technology has maintained a stable financial profile despite market volatility. Key metrics include:
- Market capitalization of approximately Rs 245 crore
- Price-to-earnings ratio of 18.25
- Return on equity of 16.52 percent
- EBITDA margin of 31.73 percent
- Revenue of Rs 178 crore in FY2024–25
The company’s share price has ranged between Rs 37.77 and Rs 76.40 over the past year, with recent volatility driven by contract announcements and investor sentiment around its DevX subsidiary’s IPO plans.
Strategic outlook and growth roadmap
The Rs 4 million contract adds incremental value to Dev IT’s order book and supports its broader strategy of expanding into Tier 2 and Tier 3 markets. The company is also investing in AI-driven service automation, cybersecurity frameworks, and cloud-native platforms to enhance delivery efficiency and client outcomes.
Looking ahead, Dev IT aims to:
- Scale its managed services portfolio across public and private sectors
- Deepen its presence in government digitization programs
- Launch new vertical-specific solutions in healthcare and education
- Explore inorganic growth through acquisitions and strategic alliances
Sources: StockInsights.ai, Zerodha Market Updates, Screener.in Financials
