Dev Accelerator Limited

BSE: 544513 NSE: DEVX
Dev Accelerator Limited - service in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L74999GJ2020PLC115984 Incorporated 29 August 2020 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: DEVX · BSE: 544513 Public Limited Company service MSME · Medium
Data last updated
Market Cap
₹397 Cr
DEVX · NSE
Share Price
₹40.09
-4.46% today
Revenue
₹226 Cr
FY 2025-26 · +42.2% YoY
EBITDA
₹109 Cr
Margin 48.4%
Net Profit
₹7.69 Cr
FY 2025-26 · +339.4% YoY
P/E (TTM)
33.3x
P/B 1.9x
ROE
6.6%
ROCE 10.8%
Debt / Equity
3.14
Interest cover 88.2x

About Dev Accelerator Limited

Data last updated:

Dev Accelerator Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the support services segment of the services sector. It was incorporated on 29 August 2020 and has been in existence for over 6 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74999GJ2020PLC115984. Its GSTIN is 24AAHCD9502C2Z0 (Gujarat). The company holds 5 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544513 and NSE: DEVX.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹22.5 Cr. It is led by directors including Umesh Satishkumar Uttamchandani (Managing Director) and Rushit Shardulkumar Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at C – 01 The First Commercial Complex B/S Keshavbaug Party Plot Vastrapur, Ahmedabad, Gujarat, India – 380015.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹225.92 Cr, a growth of 42.2% compared to the previous year. For the same year it recorded a net profit of ₹7.69 Cr (net margin 3.4%) and EBITDA of ₹109.29 Cr (EBITDA margin 48.4%). The net worth stands at ₹185.6 Cr (up 238.7% YoY). Total assets are valued at ₹598.69 Cr (up 23.2% YoY).

The company has about 39 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: DevX. As per MCA filings, the company has open charges of ₹277.81 Cr and satisfied charges of ₹129.2 Cr on record. The company has 29 deals on record (17 secondary share transfers, 5 funding rounds, 4 market trades), with disclosed funding of ₹60.96 Cr; the latest was in September 2025.

Dev Accelerator Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0018612). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devx.work.

Company details

CIN L74999GJ2020PLC115984
Registration Number 115984
Incorporation Date 29 August 2020
ROC Ahmedabad
Listing Status Listed - Listed on NSE (DEVX); Listed on BSE (544513)
Company Status Active
Date of Last AGM 29 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0018612

CIN history

Dev Accelerator has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999GJ2020PLC115984, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L74999GJ2020PLC115984Current
U74999GJ2020PLC115984Previous
U74999GJ2020PTC115984Previous
Key People
Umesh Satishkumar Uttamchandani Managing Director Rushit Shardulkumar Shah Whole-Time Director Parth Naimeshbhai Shah Whole-Time Director

Recognitions & Rankings of Dev Accelerator

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0018612

Contact details

Dev Accelerator Limited's registered office is in Ahmedabad, Gujarat. Its website is devx.work. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    devx.work
  • Social Media
  • Registered Address
    C – 01 The First Commercial Complex B/S Keshavbaug Party Plot Vastrapur, Ahmedabad, Gujarat, India – 380015
  • Industry
    Service, Other Support Services

To see the full contact details of Dev Accelerator Limited, buy the company report.

Comprehensive company report
Dev Accelerator Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Dev Accelerator operates one associated brand: DevX. Each brand links to its own profile.

BrandDescriptionWebsite
DevX
Managed office spaces and coworking environments are provided for businesses.devx.work

Business activity

The main business activity of Dev Accelerator is support service to organizations. In detail, this covers other support services to organizations.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN7Other support services to organizations

To see the full business activity and turnover split of Dev Accelerator Limited, buy the company report.

Financials of Dev Accelerator Limited

FY 2025-26 filings available

Dev Accelerator Limited reported revenue of ₹225.92 Cr (up 42.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹226 Cr
+42.2% YoY
EBITDA
₹109 Cr
+35.8% YoY
Profit After Tax
₹7.69 Cr
+339.4% YoY
Net Worth
₹186 Cr
+238.7% YoY
Total Assets
₹599 Cr
+23.2% YoY
Total Debt
₹370 Cr
-3.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue22615910869.9130.88
Revenue growth+42.2%+47.0%+54.6%+126.4%-
EBITDA10980.4764.5929.7913.87
EBITDA margin+48.4%+50.7%+59.8%+42.6%+44.9%
Profit before tax15.712.71(8.61)(16.05)(8.22)
Net profit7.691.750.53(12.83)(7.51)
Net profit margin+3.4%+1.1%+0.5%-18.4%-24.3%
EPS (₹)0.980.26333.08(12,830.00)(7,513.00)
Balance sheet
Total assets59948638125891.37
Net worth18654.7928.791.22(2.12)
Total debt37038632523585.15
Cash & bank55.283.360.540.541.78
Net working capital15154.3337.34(2.22)1.38
Cash flow
Cash from operations89.8593.667.5626.4814.05
Cash from investing(121)(66.11)(40.86)(24.06)(7.48)
Cash from financing48.84(24.73)33.30(3.66)(5.72)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue53.7759.2659.2051.8455.6365.4049.7534.47
Revenue growth (YoY)-3.3%-9.4%+19.0%+50.4%+123.3%---
Other income2.974.092.852.711.322.942.2614.33
EBITDA30.2831.3323.9126.4326.4031.3124.0718.13
EBITDA margin+56.3%+52.9%+40.4%+51.0%+47.5%+47.9%+48.4%+52.6%
Depreciation17.6814.6414.9414.8014.5116.5413.3214.44
Interest14.0010.289.2512.6412.2615.1812.2111.38
Profit before tax1.5710.502.571.700.952.530.806.64
Tax0.072.533.58(0.06)0.800.420.110.40
Net profit1.507.97(1.01)1.760.152.110.696.24
EPS (₹)0.160.98(0.15)0.260.020.320.980.98
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue17112799.3261.2423.748.41
Revenue growth+34.3%+28.1%+62.2%+158.0%+182.3%-
EBITDA10376.0565.4430.5013.954.10
EBITDA margin+60.5%+59.8%+65.9%+49.8%+58.8%+48.8%
Profit before tax10.340.99(8.64)(15.96)(8.08)(2.86)
Net profit1.321.490.54(12.75)(7.35)(3.00)
Net profit margin+0.8%+1.2%+0.5%-20.8%-31.0%-35.7%
EPS (₹)0.290.221.56(35.52)(20.46)(8.31)
Balance sheet
Total assets58448337225791.3761.64
Net worth17954.5728.991.34(2.06)0.62
Total debt36338231523485.1557.74
Cash & bank54.991.510.310.451.010.84
Net working capital12948.4927.32(4.04)1.161.10
Cash flow
Cash from operations10194.99-27.4617.971.29
Cash from investing(126)(65.93)-(24.37)(12.08)(0.41)
Cash from financing44.53(27.86)-(3.65)(5.72)(0.84)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue41.9846.9643.5041.5238.9444.4127.1631.44
Revenue growth (YoY)+7.8%+5.7%+60.2%+32.1%+60.6%---
Other income5.073.933.531.112.222.913.9714.56
Total expenses14.2820.3920.7513.8813.5816.0211.5213.36
EBITDA27.7026.5722.7527.6425.3628.3915.6418.08
EBITDA margin+66.0%+56.6%+52.3%+66.6%+65.1%+63.9%+57.6%+57.5%
Depreciation17.6414.6014.9214.7714.4916.5310.1114.43
Interest13.7210.279.1512.4512.1415.129.2511.34
Profit before tax1.415.632.211.530.95(0.35)0.256.87
Tax(0.58)3.863.100.180.54(0.75)(0.46)0.40

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue53.7759.2659.2051.8455.6365.4049.7534.47
Revenue growth (YoY)-3.3%-9.4%+19.0%+50.4%+123.3%---
Other income2.974.092.852.711.322.942.2614.33
EBITDA30.2831.3323.9126.4326.4031.3124.0718.13
EBITDA margin+56.3%+52.9%+40.4%+51.0%+47.5%+47.9%+48.4%+52.6%
Depreciation17.6814.6414.9414.8014.5116.5413.3214.44
Interest14.0010.289.2512.6412.2615.1812.2111.38
Profit before tax1.5710.502.571.700.952.530.806.64
Tax0.072.533.58(0.06)0.800.420.110.40
Net profit1.507.97(1.01)1.760.152.110.696.24
EPS (₹)0.160.98(0.15)0.260.020.320.980.98
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue22615910869.9130.88
Revenue growth+42.2%+47.0%+54.6%+126.4%-
Other income9.7519.012.801.540.49
Total expenses11778.4043.5040.1217.01
Employee cost19.6913.217.546.744.75
EBITDA10980.4764.5929.7913.87
EBITDA margin+48.4%+50.7%+59.8%+42.6%+44.9%
Depreciation58.8852.2245.0030.1015.31
Interest44.4544.5531.0017.287.27
Profit before tax15.712.71(8.61)(16.05)(8.22)
Tax6.870.92(9.06)(3.22)(0.71)
Net profit7.691.750.53(12.83)(7.51)
Net profit margin+3.4%+1.1%+0.5%-18.4%-24.3%
EPS (₹)0.980.26333.08(12,830.00)(7,513.00)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital21.6216.923.593.593.59
Reserves & surplus16437.8725.20(2.37)(5.71)
Shareholders' funds (net worth)18654.7928.791.22(2.12)
Minority interest0.070.030.010.000.00
Secured loans11781.8563.808.511.57
Unsecured loans25330426122783.58
Total debt37038632523585.15
Total liabilities59948638125891.37
Assets
Gross block28531027823280.69
Net block26129326922878.62
Capital work in progress70.350.400.270.320.32
Investments39.0453.159.100.950.78
Inventories0.000.000.000.270.08
Sundry debtors27.2942.2711.883.651.95
Cash & bank balances55.283.360.540.541.78
Loans & advances11462.9654.6817.897.00
Total current assets19710967.1022.3510.81
Total current liabilities45.2854.2629.7624.579.43
Net working capital15154.3337.34(2.22)1.38
Total assets59948638125891.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash3.360.540.541.780.93
Net cash from operating activities89.8593.667.5626.4814.05
Net cash from investing activities(121)(66.11)(40.86)(24.06)(7.48)
Net cash from financing activities48.84(24.73)33.30(3.66)(5.72)
Net change in cash17.712.820.00(1.24)0.85
Closing cash55.283.360.540.541.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+42.2%+47.0%+54.6%+126.4%-
EBITDA growth+35.8%+24.6%+116.8%+114.8%-
PBT growth+479.7%+9998.0%+46.4%-95.3%+9997.0%
Net income growth+339.4%+230.2%+104.1%-70.8%-
Revenue CAGR (3Y)+47.8%+72.6%---
EBITDA CAGR (3Y)+54.2%+79.7%---
Profitability & leverage
Net income margin+3.9%+1.1%+0.4%-18.4%-24.3%
Return on capital employed+10.8%+10.4%+6.8%0.0%0.0%
Return on net worth+6.6%+3.0%+1.9%0.0%0.0%
Debt / equity3.148.5018.660.000.00
Long-term debt / equity2.155.6913.170.000.00
Interest cover88.18157.70158.24-5,574.19-504.86
Efficiency & per share
Fixed asset turnover0.760.540.420.450.38
Inventory turnover0.000.00800.67399.49386.00
Debtors turnover6.505.8713.9224.9715.84
EPS (₹)0.980.26333.08(12,830.00)(7,513.00)
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)20.187.6819,392.31(2,358.00)(5,704.00)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue41.9846.9643.5041.5238.9444.4127.1631.44
Revenue growth (YoY)+7.8%+5.7%+60.2%+32.1%+60.6%---
Other income5.073.933.531.112.222.913.9714.56
Total expenses14.2820.3920.7513.8813.5816.0211.5213.36
EBITDA27.7026.5722.7527.6425.3628.3915.6418.08
EBITDA margin+66.0%+56.6%+52.3%+66.6%+65.1%+63.9%+57.6%+57.5%
Depreciation17.6414.6014.9214.7714.4916.5310.1114.43
Interest13.7210.279.1512.4512.1415.129.2511.34
Profit before tax1.415.632.211.530.95(0.35)0.256.87
Tax(0.58)3.863.100.180.54(0.75)(0.46)0.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue17112799.3261.2423.748.41
Revenue growth+34.3%+28.1%+62.2%+158.0%+182.3%-
Other income9.6521.601.900.920.550.87
Total expenses67.4451.2133.8830.749.794.31
Employee cost10.7811.527.456.674.651.76
EBITDA10376.0565.4430.5013.954.10
EBITDA margin+60.5%+59.8%+65.9%+49.8%+58.8%+48.8%
Depreciation58.7852.2045.0030.1015.315.27
Interest44.0044.4630.9817.287.272.56
Profit before tax10.340.99(8.64)(15.96)(8.08)(2.86)
Tax7.69(0.50)(9.18)(3.21)(0.73)0.14
Net profit1.321.490.54(12.75)(7.35)(3.00)
Net profit margin+0.8%+1.2%+0.5%-20.8%-31.0%-35.7%
EPS (₹)0.290.221.56(35.52)(20.46)(8.31)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital21.6216.923.593.593.593.59
Reserves & surplus15837.6525.40(2.25)(5.65)(2.97)
Shareholders' funds (net worth)17954.5728.991.34(2.06)0.62
Secured loans11381.9321216357.0444.30
Unsecured loans25030010370.6628.1113.44
Total debt36338231523485.1557.74
Total liabilities58448337225791.3761.64
Assets
Gross block28531036527910061.59
Net block26029326922878.6355.47
Capital work in progress70.080.000.000.320.320.32
Investments48.6659.4110.071.491.000.27
Inventories0.000.000.000.000.000.00
Sundry debtors18.7732.1113.282.411.600.94
Cash & bank balances54.991.510.310.451.010.84
Loans & advances83.7149.9350.2717.724.372.04
Total current assets15783.5563.8620.586.983.82
Total current liabilities28.8835.0636.5424.625.822.72
Net working capital12948.4927.32(4.04)1.161.10
Total assets58448337225791.3761.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash1.510.31-1.010.840.80
Net cash from operating activities10194.99-27.4617.971.29
Net cash from investing activities(126)(65.93)-(24.37)(12.08)(0.41)
Net cash from financing activities44.53(27.86)-(3.65)(5.72)(0.84)
Net change in cash19.291.19-(0.56)0.170.04
Closing cash54.991.51-0.451.010.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+34.3%+28.1%+62.2%+158.0%+182.3%-
EBITDA growth+36.1%+16.2%+114.6%+118.6%+240.2%-
PBT growth+944.4%+9998.0%+45.9%-97.5%-182.5%+9997.0%
Net income growth-11.4%+175.9%+104.2%-73.5%-145.0%-
Revenue CAGR (3Y)+40.8%+75.0%+127.7%---
EBITDA CAGR (3Y)+50.3%+76.0%+151.8%---
Profitability & leverage
Net income margin+1.6%+1.2%+0.5%-20.8%-31.0%-35.7%
Return on capital employed+9.8%+10.1%+6.9%0.0%0.0%0.0%
Return on net worth+2.0%+2.4%+2.1%0.0%0.0%0.0%
Debt / equity3.198.3518.110.000.0093.12
Long-term debt / equity2.215.9914.230.000.0077.15
Interest cover98.46186.42151.574,320.00-534.56-218.80
Efficiency & per share
Fixed asset turnover0.570.380.310.320.290.14
Inventory turnover0.000.000.000.000.000.00
Debtors turnover6.725.6112.6630.5418.698.95
EPS (₹)0.290.221.56(35.52)(20.46)(8.31)
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)19.477.6580.723.74(5.73)1.72

To see the full year-wise statements and ratios of Dev Accelerator Limited, buy the company report.

Board of directors of Dev Accelerator Limited

Dev Accelerator has 10 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Yash Himanshu Shah
Also directs: Saasjoy Solutions Private Limited, Pivoting Softwares Private Limited
Director09 May 20242 Years 5 MonthsCurrent
Jaiminbhai Jagdishbhai Shah
Also directs: Gujarat Apollo Industries Limited, Dev Information Technology Limited, Zodiac Energy Limited and 5 more
Nominee Director29 Aug 20206 Years 1 MonthsCurrent
Umesh Satishkumar Uttamchandani
Also directs: Saasjoy Solutions Private Limited, Finclave Accel LLP, Swadesh Venture Fund LLP and 4 more
Managing Director29 Aug 20206 Years 1 MonthsCurrent
Rushit Shardulkumar Shah
Also directs: Las Olas Ventures LLP
Whole-Time Director29 Aug 20206 Years 1 MonthsCurrent
Parth Naimeshbhai Shah
Also directs: Saasjoy Solutions Private Limited, Neddle and Thread Designs LLP
Whole-Time Director29 Aug 20206 Years 1 MonthsCurrent
Gopi Trivedi
Also directs: Y.J. Trivedi Ip LLP, Vishakha Renewables Limited, Intellectual Property Protection Organisation Pvt Ltd and 1 more
Director19 Sep 20242 Years 1 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Auditor

Dev Accelerator Limited is audited by M/s. Nisarg J Shah & Co for the financial year 2025.

Auditor firmFinancial yearFirm registration number
M/s. Nisarg J Shah & CoFY 2025128310W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 35.10%, foreign institutional investors hold 1.40%, domestic institutional investors hold 3.90% and retail and other public shareholders hold 59.60%.

Promoters: 35.10%DII (Domestic Institutional): 3.90%FII (Foreign Institutional): 1.40%Retail & Others: 59.60%
Sep 2026
QUARTER
35.10% Promoters
3.90% DII (Domestic Institutional)
1.40% FII (Foreign Institutional)
59.60% Retail & Others
Promoter holding - history
Now 35.10% · Sep 2026High 36.80% · Dec 2025Low 35.10% · Sep 2026
34%35%36%37%38%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 36.80%Mar 2026: 36.80%Jun 2026: 36.80%Sep 2026: 35.10%36.80%35.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters35.10%36.80%36.80%36.80%
Public64.90%63.20%63.20%63.20%

Charges & borrowings

Open charges
₹277.81 Cr
Satisfied charges
₹129.2 Cr
Breakdown by lending institutions
Others₹217.30 Cr
Axis Bank Limited₹35.00 Cr
Hdfc Bank Limited₹25.51 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Jul 2026101362598Others₹100 CrOpen
09 Jun 2026101318462Others₹10 CrOpen
22 Apr 2026101286640Others₹23.5 CrOpen
11 Mar 2026101258247Others₹25 CrOpen
21 Jan 2026101236336Others₹5 CrOpen

To see the full charge records of Dev Accelerator Limited, buy the company report.

Total charge records: 28 View all charges

Deals & funding

Dev Accelerator Limited has 29 deals on record (17 secondary share transfers, 5 funding rounds, 4 market trades), with disclosed funding of ₹60.96 Cr; the latest was in September 2025.

Total deals
29
Secondary share transfers
17
Funding rounds
5
Market trades
4
Rights issue
1
Disclosed funding
₹60.96 Cr

Deals on record (5 of 29)

WhenDealAmountParties
Sep 2025Market trade₹3.43 CrBuyer: Mansi Share and Stock Broking Private Limited
Seller: Mansi Share and Stock Broking Private Limited
Sep 2025Market trade₹5.11 CrBuyer: Devi Traders LLP
Seller: Neo Apex Venture LLP , Devi Traders LLP
Sep 2025Market trade₹11.04 CrBuyer: Neo Apex Venture LLP
Seller: Axis Bank Limited , The South Indian Bank Limited, Au Small Finance Bank Limited
Sep 2025IPO₹143.35 CrInvestors: Universal Sompo General Insurance Company Limited , Abans Finance Private Limited , Shine Star Build-Cap Private Limited
Apr 2025Secondary share transferUndisclosedBuyer: an individual
Seller: Parashwanath Land Organisers LLP

To see the full deal history of Dev Accelerator Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Dev Accelerator Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Dev Accelerator has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.

1
Subsidiary companies
2
Associated companies
Key subsidiaries
Company NameCINShares held
Saasjoy Solutions Private LimitedU58201GJ2023PTC145043

To see the full group structure of Dev Accelerator Limited, buy the company report.

Employees & EPFO

Dev Accelerator Limited has a workforce of 39 employees on its EPFO records as of Sep 25, 2025, across 2 active EPFO establishments.

Employee count
39
Active EPFO establishments
2
Employee growth
5.41%

GST

Dev Accelerator has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.

Total GSTINs
5
Active
5
GSTINStateStatusRegistered on
24AAHCD9502C2Z0GujaratActive15 May 2025
27AAHCD9502C1ZVMaharashtraActive01 Oct 2020
36AAHCD9502C1ZWTelanganaActive09 Apr 2021
23AAHCD9502C1Z3Madhya PradeshActive01 Feb 2023

To see the full GST registrations and return filing status of Dev Accelerator Limited, buy the company report.

Recent activity

Dev Accelerator Limited has 15 board changes on record since 2020: 10 appointments and 5 cessations. The latest: Jaiminbhai Jagdishbhai Shah ceased to be Director on 23 Sep 2024.

Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101362598 was registered on 31 Jul 2026.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101318462 was registered on 09 Jun 2026.
Charges
A charge registered on 22 Jul 2025 via Charge ID 101130015 with Others was fully satisfied on 22 May 2026.
Charges
A charge with Others amounted to Rs. 23.50 Cr with Charge ID 101286640 was registered on 22 Apr 2026.
Filing
Dev Accelerator Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101258247 was registered on 11 Mar 2026.
Charges
A charge registered on 30 Jan 2025 via Charge ID 101041667 with Others was fully satisfied on 24 Feb 2026.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101236336 was registered on 21 Jan 2026.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101236343 was registered on 21 Jan 2026.
Charges
A charge with Others amounted to Rs. 4.90 Cr with Charge ID 101249293 was registered on 19 Jan 2026.
Charges
A charge registered on 14 Nov 2024 via Charge ID 101031587 with Others was fully satisfied on 19 Jan 2026.
Charges
A charge registered on 21 Apr 2025 via Charge ID 101082900 with Others was fully satisfied on 17 Dec 2025.

53 earlier events are in the company report.

News

Frequently asked questions

Dev Accelerator is an active public limited company based in Ahmedabad, Gujarat, India. The company works in other support services, within the service industry. It was incorporated on 29 August 2020 (6+ years old) and is registered under CIN L74999GJ2020PLC115984. Listed on BSE: 544513 and NSE: DEVX.

Dev Accelerator reported revenue of ₹225.92 Cr for FY 2025-26 (up 42.2% YoY) based on consolidated financials.

Dev Accelerator has 10 current directors:

The latest financial statements of Dev Accelerator on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 July 2025. Year-wise statements from FY 2021 are in the company report.

The GSTIN of Dev Accelerator is 24AAHCD9502C2Z0, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AAHCD9502C1ZV (Maharashtra), 36AAHCD9502C1ZW (Telangana), 23AAHCD9502C1Z3 (Madhya Pradesh).

The CIN (Corporate Identification Number) of Dev Accelerator is L74999GJ2020PLC115984. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Dev Accelerator is a listed company as per MCA records. Its shares are listed on both BSE (code: 544513) and NSE (symbol: DEVX).

Dev Accelerator was incorporated on 29 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Dev Accelerator has 29 deals on record (17 secondary share transfers, 5 funding rounds, 4 market trades), with disclosed funding of ₹60.96 Cr; the latest was in September 2025.

Jaiminbhai Jagdishbhai Shah ceased to be Director on 23 Sep 2024. Gopi Trivedi was appointed as Director on 19 Sep 2024. Parth Naimeshbhai Shah ceased to be Director on 18 Sep 2024. Dev Accelerator has 15 board changes on record in total.