DEV Information Technology Limited has secured a ₹1.92 crore contract from the Gujarat Energy Development Agency (GEDA) for digitisation services and development of a document management system, the company announced today.
The shares of DEV Information Technology Limited were trading at ₹120.20, down by ₹3.30 or 2.67 per cent on the NSE today at 12.05 pm.
The six-month fixed-cost project involves scanning and digitising physical records and creating a web-based Document Management System for GEDA’s Gandhinagar office. The contract strengthens DEV IT’s position in the government sector, where it has recently won several other projects including the Rajasthan State RERA portal and Kaushal Darpan Rajasthan State Project.
“Digitalisation is key to driving operational efficiency,” said Pranav Pandya, Founder & Chairman of DEV IT. The company has also secured multiple enterprise contracts from US-based clients, indicating growing business momentum.
Founded in 1997 and headquartered in Ahmedabad, DEV IT provides cloud services, digital transformation, enterprise applications, and managed IT services. The company maintains offices across India and Canada, and holds ISO 20000, ISO 27001, ISO 9001, and CMMi Level 3 certifications.
In FY24, DEV IT reported revenue of ₹165.12 crore, EBITDA of ₹15.31 crore, and net profit of ₹9.48 crore.
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