About Dev IT
Dev IT is a company based in Ahmedabad (India) founded in 1997 by Pranav Pandya.. The company has 924 employees as of March 31, 2024. Dev IT has completed 2 acquisitions, including Dhyey Consulting and Minddeft. Dev IT operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Ahmedabad, India
- Employees 924 as on 31 Mar, 2024
- Founders Pranav Pandya
- Stage Public
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Sectors
Business ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Dev Information Technology Ltd
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Annual Revenue
$20.02 M (USD)4.33as on Mar 31, 2025
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Net Profit
$1.74 M (USD)60.13as on Mar 31, 2025
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EBITDA
$1.26 M (USD)-22.41as on Mar 31, 2025
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Latest Funding Round
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Investors
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Employee Count
924
as on Mar 31, 2024
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Investments & Acquisitions
Dhyey Consulting
& 1 more
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IPO & Listings of Dev IT
Dev IT is a publicly listed company on the NSE with ticker symbol DEVIT in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Dev IT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Dev IT
Dev IT has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dhyey Consulting and Minddeft. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Blockchain development services are provided by Minddeft globally.
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2015 | ||||
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ERP and CRM development services are provided by Dhyey Consulting.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Dev IT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dev It Comparisons
Competitors of Dev IT
Dev IT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dev It
Frequently Asked Questions about Dev IT
When was Dev IT founded?
Dev IT was founded in 1997.
Where is Dev IT located?
Dev IT is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Dev IT?
Prerak Shah is the current CEO of Dev IT.
How many employees does Dev IT have?
As of Mar 31, 2024, the latest employee count at Dev IT is 924.
What is the annual revenue of Dev IT?
Annual revenue of Dev IT is $20.02M as on Mar 31, 2025.
What does Dev IT do?
Dev IT was established in 1997 and is based in Ahmedabad, India. Operations in the IT sector encompass digital transformation, managed services, cloud solutions, and additional technology offerings. The company is led by co-founder Pranav Pandya as Chairman and Prerak Shah as CEO and Director. Services are delivered to support client infrastructure and digital needs within the Indian market.
Who are the top competitors of Dev IT?
Dev IT's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Is Dev IT publicly traded?
Yes, Dev IT is publicly traded on NSE under the ticker symbol DEVIT.
How many acquisitions has Dev IT made?
Dev IT has made 2 acquisitions, including Dhyey Consulting, and Minddeft.
What is Dev IT's ticker symbol?
The ticker symbol of Dev IT is DEVIT on NSE.