About Dev Accelerator Limited
Data last updated: 24 July 2026
Dev Accelerator Limited is a public limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It specialises in support services, a part of the broader services sector. Incorporated on 29 August 2020, the company has been in operation for over 6 years.
Registered with ROC Ahmedabad under CIN U74999GJ2020PLC115984. Listed.
Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹22.5 Cr. It is led by directors including Yash Himanshu Shah and Jaiminbhai Jagdishbhai Shah.
Last AGM: 29 July 2025. Financial statements filed for year ended 31 March 2025. Office: C – 01 The First Commercial Complex B/S Keshavbaug Party Plot Vastrapur, Ahmedabad, Gujarat, India – 380015.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹225.92 Cr. The net worth stands at ₹185.66 Cr. Total assets are valued at ₹643.98 Cr.
The company has a workforce of approximately 39 employees as per the latest available data.
The company is associated with 1 brand - Devx. As per MCA filings, the company has open charges of ₹177.81 Cr and satisfied charges of ₹129.2 Cr on record.
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.
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Registered AddressC – 01 The First Commercial Complex B/S Keshavbaug Party Plot Vastrapur, Ahmedabad, Gujarat, India – 380015
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IndustryService, Other Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Dev Accelerator Limited
Dev Accelerator Limited 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.
| CIN | Status |
|---|---|
| L74999GJ2020PLC115984 | Current |
| U74999GJ2020PLC115984 | Previous |
| U74999GJ2020PTC115984 | Previous |
Associated Brands with Dev Accelerator Limited
Dev Accelerator Limited operates one associated brand: DevX. These brands represent Dev Accelerator Limited's diversified market presence and brand portfolio.
Competitors & Alternatives of Dev Accelerator Limited
Brands and companies operating in the same space as Dev Accelerator Limited include WeWork, IndiQube, BHIVE Workspace and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
WeWork
|
Flexible office and coworking spaces are provided by WeWork globally. | New York, United States, United States | 2010 |
IndiQube
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Flexible workspace solutions are provided for enterprises, startups, and SMBs. | Bengaluru, India, India | 2015 |
BHIVE Workspace
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Flexible workspace solutions, including coworking and managed offices, are offered. | Bengaluru, India, India | 2014 |
91Springboard
|
Operator of shared workspaces, private offices, and virtual office solutions | Mumbai, India, India | 2012 |
iSprout
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Adaptable workspaces with amenities and collaborative features are offered. | Hyderabad, India, India | 2016 |
CorporatEdge
|
Operator of flexible workspaces, meeting rooms, virtual offices, and event spaces | Delhi, India, India | 2012 |
Cowrks
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Provider of flexible and customized coworking spaces | Bengaluru, India, India | 2015 |
Business Activity of Dev Accelerator Limited
Dev Accelerator Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Dev Accelerator Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
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Auditor Details of Dev Accelerator Limited
Dev Accelerator Limited is audited by M/s Nisarg J. Shah & Co. (ICAI peer reviewed, certificate valid till 2027-05-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s Nisarg J. Shah & Co. (ICAI peer reviewed, certificate valid till 2027-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Dev Accelerator Limited
Dev Accelerator Limited is currently managed by 10 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Himanshu Shah | Director | 09 May 2024 | 2 Years 3 Months | Current |
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Jaiminbhai Jagdishbhai Shah
Also directs:
Gujarat Apollo Industries Limited, Dev Information Technology Limited, Zodiac Energy Limited and 5 more
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Nominee Director | 29 Aug 2020 | 5 Years 11 Months | Current |
|
Umesh Satishkumar Uttamchandani
Also directs:
Saasjoy Solutions Private Limited, Finclave Accel Llp, Swadesh Venture Fund Llp and 4 more
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Managing Director | 29 Aug 2020 | 5 Years 11 Months | Current |
|
Rushit Shardulkumar Shah
Also directs:
Las Olas Ventures Llp
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Whole-Time Director | 29 Aug 2020 | 5 Years 11 Months | Current |
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Parth Naimeshbhai Shah
Also directs:
Saasjoy Solutions Private Limited, Neddle And Thread Designs Llp
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Whole-Time Director | 29 Aug 2020 | 5 Years 11 Months | Current |
| Gopi Trivedi | Director | 19 Sep 2024 | 1 Years 10 Months | Current |
Financials of Dev Accelerator Limited FY 2026 filings available
Dev Accelerator Limited reported revenue of ₹225.92 Cr for FY 2026.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹225.92 Cr |
| Other Income | ₹9.57 Cr |
| Total Income | ₹235.49 Cr |
| Cost of Materials Consumed | ₹64.93 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹0 |
| Employee Benefit Expense | ₹19.69 Cr |
| Finance Costs | ₹44.44 Cr |
| Depreciation & Amortisation | ₹58.88 Cr |
| Other Expenses | ₹32 Cr |
| Total Expenses | ₹219.95 Cr |
| Profit Before Exceptional Items & Tax | ₹15.55 Cr |
| Exceptional Items | ₹18.09 Lakh |
| Profit Before Tax | ₹15.73 Cr |
| Total Tax Expense | ₹6.87 Cr |
| Net Profit | ₹8.84 Cr |
| attributable to Owners | ₹8.8 Cr |
| attributable to NCI | ₹3.75 Lakh |
| Other Comprehensive Income | ₹9.7 Lakh |
| Total Comprehensive Income | ₹8.94 Cr |
| EBITDA (computed) | ₹118.86 Cr |
| Basic EPS | ₹1.11 |
| Diluted EPS | ₹1.11 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹643.98 Cr |
| Non-current Assets | ₹447.41 Cr |
| Current Assets | ₹196.58 Cr |
| Property, Plant & Equipment | ₹64.94 Cr |
| Inventories | ₹0 |
| Trade Receivables | ₹27.29 Cr |
| Cash & Equivalents | ₹21.08 Cr |
| Equity (Net Worth) | ₹185.66 Cr |
| Equity Share Capital | ₹21.62 Cr |
| Borrowings (Non-current) | ₹81.09 Cr |
| Borrowings (Current) | ₹63.62 Cr |
| Total Debt (computed) | ₹144.72 Cr |
| Current Liabilities | ₹155.4 Cr |
| Total Liabilities | ₹458.32 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹89.85 Cr |
| Investing Cash Flow | -₹120.97 Cr |
| Financing Cash Flow | ₹48.84 Cr |
| Capital Expenditure | ₹103.38 Cr |
| Free Cash Flow (computed) | -₹13.53 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹17.71 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹59.26 Cr | ₹59.2 Cr | ₹51.84 Cr | ₹55.63 Cr |
| Other Income | ₹4.09 Cr | ₹1.52 Cr | ₹2.65 Cr | ₹1.31 Cr |
| Total Income | ₹63.35 Cr | ₹60.72 Cr | ₹54.48 Cr | ₹56.94 Cr |
| Cost of Materials Consumed | ₹17.48 Cr | ₹18.57 Cr | ₹12.08 Cr | ₹16.8 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹4.74 Cr | ₹5.17 Cr | ₹5.15 Cr | ₹4.64 Cr |
| Finance Costs | ₹10.28 Cr | ₹9.25 Cr | ₹12.64 Cr | ₹12.26 Cr |
| Depreciation & Amortisation | ₹14.64 Cr | ₹14.94 Cr | ₹14.8 Cr | ₹14.51 Cr |
| Other Expenses | ₹4.51 Cr | ₹11.52 Cr | ₹8.18 Cr | ₹7.79 Cr |
| Total Expenses | ₹51.65 Cr | ₹59.44 Cr | ₹52.85 Cr | ₹56 Cr |
| Profit Before Exceptional Items & Tax | ₹11.7 Cr | ₹1.28 Cr | ₹1.64 Cr | ₹93.7 Lakh |
| Exceptional Items | -₹1.15 Cr | ₹1.33 Cr | ₹6.12 Lakh | ₹0 |
| Profit Before Tax | ₹10.55 Cr | ₹2.6 Cr | ₹1.7 Cr | ₹93.7 Lakh |
| Total Tax Expense | ₹2.53 Cr | ₹3.58 Cr | -₹5.54 Lakh | ₹80.68 Lakh |
| Net Profit | ₹7.96 Cr | -₹1.01 Cr | ₹1.75 Cr | ₹13.99 Lakh |
| attributable to Owners | ₹7.9 Cr | -₹99.3 Lakh | ₹1.77 Cr | ₹13.32 Lakh |
| attributable to NCI | ₹6.24 Lakh | -₹1.98 Lakh | -₹1.18 Lakh | ₹67,000 |
| Other Comprehensive Income | ₹5.01 Lakh | -₹12.63 Lakh | ₹25.32 Lakh | -₹8 Lakh |
| Total Comprehensive Income | ₹8.01 Cr | -₹1.14 Cr | ₹2.01 Cr | ₹5.99 Lakh |
| EBITDA (computed) | ₹36.62 Cr | ₹25.46 Cr | ₹29.07 Cr | ₹27.71 Cr |
| Basic EPS | ₹0.98 | ₹-0.15 | ₹0.26 | ₹0.02 |
| Diluted EPS | ₹0.98 | ₹-0.15 | ₹0.26 | ₹0.02 |
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹170.91 Cr |
| Other Income | ₹9.47 Cr |
| Total Income | ₹180.38 Cr |
| Cost of Materials Consumed | ₹30.31 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹0 |
| Employee Benefit Expense | ₹10.78 Cr |
| Finance Costs | ₹44 Cr |
| Depreciation & Amortisation | ₹58.78 Cr |
| Other Expenses | ₹26.35 Cr |
| Total Expenses | ₹170.23 Cr |
| Profit Before Exceptional Items & Tax | ₹10.15 Cr |
| Exceptional Items | ₹18.09 Lakh |
| Profit Before Tax | ₹10.33 Cr |
| Total Tax Expense | ₹7.69 Cr |
| Net Profit | ₹2.64 Cr |
| Other Comprehensive Income | ₹6.62 Lakh |
| Total Comprehensive Income | ₹2.7 Cr |
| EBITDA (computed) | ₹112.93 Cr |
| Basic EPS | ₹0.34 |
| Diluted EPS | ₹0.34 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹613.27 Cr |
| Non-current Assets | ₹455.76 Cr |
| Current Assets | ₹157.51 Cr |
| Property, Plant & Equipment | ₹64.54 Cr |
| Inventories | ₹0 |
| Trade Receivables | ₹18.77 Cr |
| Cash & Equivalents | ₹20.79 Cr |
| Equity (Net Worth) | ₹179.17 Cr |
| Equity Share Capital | ₹21.62 Cr |
| Borrowings (Non-current) | ₹81.09 Cr |
| Borrowings (Current) | ₹55.97 Cr |
| Total Debt (computed) | ₹137.07 Cr |
| Current Liabilities | ₹131.34 Cr |
| Total Liabilities | ₹434.1 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹100.86 Cr |
| Investing Cash Flow | -₹126.11 Cr |
| Financing Cash Flow | ₹44.53 Cr |
| Capital Expenditure | ₹103.1 Cr |
| Free Cash Flow (computed) | -₹2.24 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹19.29 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹46.96 Cr | ₹43.5 Cr | ₹41.52 Cr | ₹38.94 Cr |
| Other Income | ₹3.93 Cr | ₹2.21 Cr | ₹1.11 Cr | ₹2.22 Cr |
| Total Income | ₹50.89 Cr | ₹45.7 Cr | ₹42.63 Cr | ₹41.16 Cr |
| Cost of Materials Consumed | ₹13.77 Cr | ₹5.98 Cr | ₹5.77 Cr | ₹4.79 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹3.09 Cr | ₹2.66 Cr | ₹2.58 Cr | ₹2.45 Cr |
| Finance Costs | ₹10.27 Cr | ₹9.15 Cr | ₹12.45 Cr | ₹12.14 Cr |
| Depreciation & Amortisation | ₹14.6 Cr | ₹14.92 Cr | ₹14.77 Cr | ₹14.49 Cr |
| Other Expenses | ₹2.38 Cr | ₹12.11 Cr | ₹5.53 Cr | ₹6.33 Cr |
| Total Expenses | ₹44.11 Cr | ₹44.82 Cr | ₹41.09 Cr | ₹40.21 Cr |
| Profit Before Exceptional Items & Tax | ₹6.78 Cr | ₹88.65 Lakh | ₹1.54 Cr | ₹94.4 Lakh |
| Exceptional Items | -₹1.15 Cr | ₹1.33 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹5.64 Cr | ₹2.21 Cr | ₹1.54 Cr | ₹94.4 Lakh |
| Total Tax Expense | ₹3.86 Cr | ₹3.1 Cr | ₹18.46 Lakh | ₹54.2 Lakh |
| Net Profit | ₹1.77 Cr | -₹88.89 Lakh | ₹1.35 Cr | ₹40.2 Lakh |
| Other Comprehensive Income | ₹1.93 Lakh | -₹10.64 Lakh | ₹23.33 Lakh | -₹8 Lakh |
| Total Comprehensive Income | ₹1.79 Cr | -₹99.53 Lakh | ₹1.59 Cr | ₹32.2 Lakh |
| EBITDA (computed) | ₹31.65 Cr | ₹24.95 Cr | ₹28.76 Cr | ₹27.58 Cr |
| Basic EPS | ₹0.23 | ₹-0.15 | ₹0.24 | ₹0.02 |
| Diluted EPS | ₹0.23 | ₹-0.15 | ₹0.24 | ₹0.02 |
Board & Governance of Dev Accelerator Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Dev Accelerator Limited has 10 directors - 5 independent and 3 executive. The board is chaired by Shah Parth Naimeshbhai.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Shah Parth Naimeshbhai | Executive Director · Chairperson | 2020-08-29 | 1 |
| Uttamchandani Umesh Satishkumar | Executive Director · MD | 2020-08-29 | 1 |
| Rushit Shardulkumar Shah | Executive Director | 2020-08-29 | 1 |
| Jaimin Jagdishbhai Shah | Non-Executive - Nominee Director | 2020-08-29 | 4 |
| Shah Yash Himanshu | Non-Executive - Non Independent Director | 2024-05-09 | 1 |
| Trivedi Gopi | Non-Executive - Independent Director | 2024-09-19 | 1 |
| Praveen Kumar | Non-Executive - Independent Director | 2024-09-03 | 1 |
| Pathik Shailesh Patwari | Non-Executive - Independent Director | 2024-09-03 | 2 |
| Anish Alerk Patel | Non-Executive - Independent Director | 2024-09-03 | 1 |
| Anand Anilbhai Patel | Non-Executive - Independent Director | 2024-09-03 | 2 |
| Committee | Members |
|---|---|
| Audit Committee | Praveen Kumar (Chairperson), Anand Anilbhai Patel, Uttamchandani Umesh Satishkumar, Trivedi Gopi |
| Nomination and remuneration committee | Anish Alerk Patel (Chairperson), Pathik Shailesh Patwari, Shah Yash Himanshu |
| Stakeholders Relationship Committee | Shah Yash Himanshu (Chairperson), Shah Parth Naimeshbhai, Anish Alerk Patel |
Charges & Borrowings of Dev Accelerator Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jun 2026 | Others | ₹10 Cr | Open |
| 22 Apr 2026 | Others | ₹23.5 Cr | Open |
| 11 Mar 2026 | Others | ₹25 Cr | Open |
| 21 Jan 2026 | Others | ₹5 Cr | Open |
| 21 Jan 2026 | Others | ₹20 Cr | Open |
Total charge records: 27 View all charges
Employees and EPFO Compliance at Dev Accelerator Limited
View historical data on people associated with Dev Accelerator Limited, including employment history and EPFO contributions.
Employee and EPFO history for Dev Accelerator Limited
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GST Compliance of Dev Accelerator Limited
GST registrations and filing compliance for Dev Accelerator Limited
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Credit Ratings, Litigation & Regulatory Alerts for Dev Accelerator Limited
Credit ratings, litigation, and regulatory alerts for Dev Accelerator Limited
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MSME Payment Delays by Dev Accelerator Limited
MSME payment history for Dev Accelerator Limited
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Subsidiaries & Group Companies of Dev Accelerator Limited
Corporate group structure for Dev Accelerator Limited
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MCA Filings & Documents of Dev Accelerator Limited
MCA filings and documents for Dev Accelerator Limited
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Recent Activity on Dev Accelerator Limited
Recent News on Dev Accelerator Limited
Frequently Asked Questions about Dev Accelerator Limited
Dev Accelerator Limited is an active public limited company in the service sector based in Ahmedabad, Gujarat, India. It was incorporated on 29 August 2020 (6+ years old) and is registered under CIN L74999GJ2020PLC115984. The company has 39 employees.
Dev Accelerator Limited reported revenue of ₹225.92 Cr for FY 2026 based on consolidated NSE filings.
The current directors of Dev Accelerator Limited are:
- Yash Himanshu Shah - Director
- Jaiminbhai Jagdishbhai Shah - Nominee Director
- Umesh Satishkumar Uttamchandani - Managing Director
- Rushit Shardulkumar Shah - Whole-Time Director
- Parth Naimeshbhai Shah - Whole-Time Director
- Gopi Trivedi - Director
- Anand Anilbhai Patel - Director
- Anish Alerk Patel - Director
- Pathik Shailesh Patwari - Director
- Praveen Kumar - Director
The primary industry of Dev Accelerator Limited is service. The company specifically operates in other support services. The company is currently active in this sector.
Yes, Dev Accelerator Limited is a listed company.
Yes, Dev Accelerator Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).