DEV Information Technology Limited (DEV IT), a leading IT and ITeS company, announced on March 28, 2025, that it has secured ₹3.8 crore in government orders aimed at digital transformation initiatives for Rajasthan government institutions. These orders were received from National Informatics Centre Services Incorporated (NICSI), a Government of India undertaking.

Key Project Details:

1. Rajasthan Mahila Nidhi Credit Cooperative Federation Ltd. Project: DEV IT has been awarded a substantial ₹3.28 crore order for the development, customization, implementation, and maintenance of an IT system for the Rajasthan Mahila Nidhi Credit Cooperative Federation Ltd., a Rajasthan government initiative. The project is intended to enhance financial inclusion for women in the state by streamlining operations within the credit cooperative sector through an advanced software platform. This three-year project is expected to bring significant improvements to cooperative financial operations and will directly benefit women entrepreneurs.

2. CM Kisan & Gopal Credit Card Schemes: In addition to the Rajasthan Mahila Nidhi project, DEV IT has received another ₹52 lakh order for the development of CM Kisan & Gopal Credit Card Schemes Modules under the Cooperative Management System 2.0 for the Rajasthan government. The project aims to digitalize and optimize agricultural credit services for farmers and dairy entrepreneurs across the state. The two-year project will significantly enhance the accessibility and efficiency of agricultural credit, promoting rural financial inclusion.

These high-value orders underline DEV IT's expertise in developing mission-critical IT solutions for government-backed financial and cooperative programs, positioning the company as a key player in the public sector IT infrastructure. The projects align with the company’s vision of driving efficiency, transparency, and innovation in government operations.

Strategic Implications:

Commenting on the successful acquisition of the orders, Mr. Pranav Pandya, Founder & Chairman of DEV IT, expressed his pride in securing such significant contracts. He emphasized the role of these projects in enhancing financial inclusion and supporting digital governance in Rajasthan. Mr. Pandya noted that the orders further solidify DEV IT’s position as a trusted technology partner for critical government initiatives and expand its presence in the Rajasthan government sector.

The success of these projects will not only contribute to the company’s long-term business growth but also enhance its reputation as a provider of cutting-edge IT solutions in the government sector.

About DEV Information Technology Limited:

Founded in 1997, DEV IT has grown from a small-scale business automation software provider into a global IT services leader, offering services such as Cloud Services, Digital Transformation, Enterprise Applications, Managed IT Services, and Application Development. Headquartered in Ahmedabad, the company has expanded its presence across India and Canada, with a strong client base worldwide.

With its commitment to innovation, quality, and client satisfaction, DEV IT has become a preferred partner for businesses and government institutions seeking reliable and scalable technology solutions. The company's ISO certifications (ISO 20000, ISO 27001, ISO 9001, and CMMi Level 3) underscore its dedication to delivering high-quality services.

Recent Financial Performance:

In FY24, DEV IT reported Revenue of ₹165.12 Crore, EBITDA of ₹15.31 Crore, and a PAT of ₹9.48 Crore, reflecting its robust growth trajectory in the IT services sector.

As the company continues to grow, it remains committed to digital transformation, delivering unparalleled value to its clients, and positioning itself as a leader in the IT services industry.

Forward-Looking Statements:

This press release may contain forward-looking statements regarding future business prospects, which are subject to risks and uncertainties. Actual outcomes may differ materially due to various factors, including government actions, technological risks, and market conditions. The company does not undertake any obligation to publicly update these statements.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.