- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0016361

About Dev Information Technology Limited
Data last updated:
Dev Information Technology Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 23 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L30000GJ1997PLC033479. Its GSTIN is 24AAACD5427B1ZA (Gujarat). The company holds 5 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543462 and NSE: DEVIT.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹11.4 Cr. It was formerly known as Dev Information Technology Private Limited and Dev Infromation Technology Private Limited. It is led by directors including Jaiminbhai Jagdishbhai Shah (Managing Director) and Pranav Niranjan Pandya (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 14 Aaryans Corporate Park Nr. Shilaj Railway Crossing Thaltej, Ahmedabad, Gujarat, India – 380059.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹189.5 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.12 Cr (net margin 0.6%) and EBITDA of ₹3.23 Cr (EBITDA margin 1.7%). The net worth stands at ₹109.34 Cr (up 59.3% YoY). Total assets are valued at ₹141.78 Cr (up 58.2% YoY).
The company has about 353 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 3 brands: ByteSIGNER, Talligence and Dev IT. As per MCA filings, the company has open charges of ₹58.85 Cr and satisfied charges of ₹1.42 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 4 cases are pending. The company has 30 deals on record (28 market trades, 1 acquisition, 1 ipo); the latest was in March 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier.
Dev Information Technology Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0016361). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devitpl.com.
Company details
Name history
Dev Information Technology has undergone 2 name changes throughout its history. The company was previously known as Dev Information Technology Private Limited, and Dev Infromation Technology Private Limited. The current legal name is Dev Information Technology Limited.
| Company Name | Status |
|---|---|
| Dev Information Technology Limited | Current |
| Dev Information Technology Private Limited | Previous |
| Dev Infromation Technology Private Limited | Previous |
CIN history
Dev Information Technology has one previous CIN (Corporate Identification Number): U30000GJ1997PLC033479. The current CIN is L30000GJ1997PLC033479, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L30000GJ1997PLC033479 | Current |
| U30000GJ1997PLC033479 | Previous |
Recognitions & Rankings of Dev Information Technology
Contact details
Dev Information Technology Limited's registered office is in Ahmedabad, Gujarat. Its website is devitpl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14 Aaryans Corporate Park Nr. Shilaj Railway Crossing Thaltej, Ahmedabad, Gujarat, India – 380059
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Dev Information Technology Limited, buy the company report.
- 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
Brands
Dev Information Technology operates multiple associated brands including ByteSIGNER, Talligence, and Dev IT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides software for bulk digital PDF signing and document management for organizations. | bytesigner.in | |
| AI-driven analytics tool for extracting insights from accounting software like Tally. | talligence.in | |
| Digital transformation, IT managed, and cloud services are provided. | devitpl.com |
Business activity
The main business activities of Dev Information Technology are trade and information and communication. In detail, this covers retail trading and computer programming, consultancy and related activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Dev Information Technology Limited, buy the company report.
Financials of Dev Information Technology Limited
FY 2025-26 filings availableDev Information Technology Limited reported revenue of ₹189.5 Cr (up 11% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 190 | 171 | 164 | 124 | 99.82 | 84.64 | 68.54 |
| Revenue growth | +11.0% | +4.3% | +31.8% | +24.4% | +17.9% | +23.5% | - |
| EBITDA | 3.23 | 10.46 | 13.77 | 6.94 | 3.62 | 2.31 | 2.95 |
| EBITDA margin | +1.7% | +6.1% | +8.4% | +5.6% | +3.6% | +2.7% | +4.3% |
| Profit before tax | 94.74 | 18.07 | 12.49 | 11.27 | 1.95 | 0.04 | 3.77 |
| Net profit | 1.12 | 5.89 | 9.28 | 4.63 | 0.11 | (3.81) | 2.21 |
| Net profit margin | +0.6% | +3.5% | +5.7% | +3.7% | +0.1% | -4.5% | +3.2% |
| EPS (₹) | 13.25 | 6.60 | 4.13 | 4.06 | 0.12 | (0.58) | 6.70 |
| Balance sheet | |||||||
| Total assets | 142 | 89.64 | 73.27 | 48.95 | 42.47 | 44.46 | 44.87 |
| Net worth | 109 | 68.62 | 55.45 | 41.55 | 32.79 | 32.89 | 33.28 |
| Total debt | 30.61 | 19.98 | 14.58 | 7.30 | 9.63 | 11.11 | 10.81 |
| Cash & bank | 6.23 | 1.91 | 6.06 | 5.16 | 10.62 | 10.65 | 6.35 |
| Net working capital | 66.28 | 52.34 | 43.07 | 27.45 | 25.61 | 25.77 | 25.37 |
| Cash flow | |||||||
| Cash from operations | (2.14) | (8.87) | (0.79) | (1.65) | 5.81 | 5.71 | 4.89 |
| Cash from investing | (0.96) | 9.31 | (2.11) | (0.65) | (2.13) | (0.37) | (7.42) |
| Cash from financing | 7.37 | (1.94) | 3.80 | (4.33) | (2.68) | (1.24) | 0.86 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44.13 | 53.87 | 44.14 | 48.51 | 42.99 | 51.55 | 47.71 | 35.94 |
| Revenue growth (YoY) | +2.7% | +4.5% | -7.5% | +35.0% | +21.2% | - | - | - |
| Other income | 0.51 | 2.13 | 0.72 | 94.22 | 0.47 | 0.23 | 0.44 | 12.31 |
| EBITDA | 3.34 | 2.91 | (6.37) | 3.15 | 3.56 | 2.75 | 3.00 | (1.07) |
| EBITDA margin | +7.6% | +5.4% | -14.4% | +6.5% | +8.3% | +5.3% | +6.3% | -3.0% |
| Depreciation | 0.39 | 0.63 | 1.08 | 0.84 | 0.71 | 0.79 | 0.70 | 0.79 |
| Interest | 0.72 | 0.98 | 0.54 | 0.71 | 0.54 | 0.58 | 0.51 | 0.99 |
| Profit before tax | 2.74 | 3.43 | (7.27) | 95.82 | 2.78 | 1.61 | 2.23 | 9.46 |
| Tax | 0.63 | (5.53) | 0.16 | 23.93 | 0.59 | 0.48 | 0.41 | 1.33 |
| Net profit | 2.11 | 8.96 | (7.43) | 71.89 | 2.19 | 1.13 | 1.82 | 8.13 |
| EPS (₹) | 0.36 | 1.56 | (1.43) | 12.75 | 0.37 | 0.21 | 0.32 | 1.49 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 162 | 151 | 157 | 122 | 99.03 | 84.33 | 66.13 |
| Revenue growth | +7.5% | -4.2% | +29.0% | +23.2% | +17.4% | +27.5% | - |
| EBITDA | 1.95 | 9.88 | 12.73 | 6.25 | 5.45 | 2.86 | 2.43 |
| EBITDA margin | +1.2% | +6.6% | +8.1% | +5.1% | +5.5% | +3.4% | +3.7% |
| Profit before tax | 93.22 | 18.73 | 11.70 | 10.81 | 3.84 | 0.27 | 3.40 |
| Net profit | 0.69 | 15.43 | 8.76 | 8.71 | 1.92 | (0.52) | 1.94 |
| Net profit margin | +0.4% | +10.2% | +5.6% | +7.1% | +1.9% | -0.6% | +2.9% |
| EPS (₹) | 13.02 | 6.84 | 3.90 | 3.94 | 1.73 | (0.28) | 6.21 |
| Balance sheet | |||||||
| Total assets | 136 | 87.11 | 67.43 | 49.53 | 43.42 | 43.63 | 43.88 |
| Net worth | 110 | 71.01 | 55.80 | 42.42 | 33.96 | 32.30 | 32.58 |
| Total debt | 24.52 | 15.63 | 11.58 | 7.12 | 9.40 | 11.06 | 10.77 |
| Cash & bank | 4.76 | 0.46 | 3.57 | 3.51 | 8.78 | 9.99 | 6.07 |
| Net working capital | 63.62 | 49.20 | 39.46 | 27.05 | 26.34 | 25.45 | 24.87 |
| Cash flow | |||||||
| Cash from operations | (4.93) | (9.27) | (0.81) | (0.94) | 4.67 | 5.47 | 7.60 |
| Cash from investing | 3.05 | 7.00 | (2.32) | (1.21) | (2.13) | (0.59) | (7.38) |
| Cash from financing | 6.18 | 1.78 | 3.23 | (4.00) | (2.72) | (1.17) | (0.54) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.50 | 45.93 | 36.03 | 44.54 | 35.48 | 45.97 | 42.45 | 32.02 |
| Revenue growth (YoY) | -8.4% | -0.1% | -15.1% | +39.1% | +17.5% | - | - | - |
| Other income | 0.30 | 2.23 | 0.47 | 92.89 | 0.21 | 0.22 | 0.40 | 11.82 |
| Total expenses | 30.31 | 44.09 | 41.75 | 41.78 | 32.41 | 44.08 | 39.13 | 32.29 |
| EBITDA | 2.19 | 1.84 | (5.72) | 2.76 | 3.07 | 1.89 | 3.32 | (0.27) |
| EBITDA margin | +6.7% | +4.0% | -15.9% | +6.2% | +8.7% | +4.1% | +7.8% | -0.8% |
| Depreciation | 0.15 | 0.66 | 0.67 | 0.52 | 0.46 | 0.50 | 0.57 | 0.57 |
| Interest | 0.60 | 0.78 | 0.45 | 0.58 | 0.42 | 0.43 | 0.42 | 0.38 |
| Profit before tax | 1.74 | 2.63 | (6.37) | 94.55 | 2.40 | 1.18 | 2.73 | 10.60 |
| Tax | 0.44 | (5.64) | 0.11 | 23.87 | 0.64 | 0.30 | 0.64 | 1.47 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44.13 | 53.87 | 44.14 | 48.51 | 42.99 | 51.55 | 47.71 | 35.94 |
| Revenue growth (YoY) | +2.7% | +4.5% | -7.5% | +35.0% | +21.2% | - | - | - |
| Other income | 0.51 | 2.13 | 0.72 | 94.22 | 0.47 | 0.23 | 0.44 | 12.31 |
| EBITDA | 3.34 | 2.91 | (6.37) | 3.15 | 3.56 | 2.75 | 3.00 | (1.07) |
| EBITDA margin | +7.6% | +5.4% | -14.4% | +6.5% | +8.3% | +5.3% | +6.3% | -3.0% |
| Depreciation | 0.39 | 0.63 | 1.08 | 0.84 | 0.71 | 0.79 | 0.70 | 0.79 |
| Interest | 0.72 | 0.98 | 0.54 | 0.71 | 0.54 | 0.58 | 0.51 | 0.99 |
| Profit before tax | 2.74 | 3.43 | (7.27) | 95.82 | 2.78 | 1.61 | 2.23 | 9.46 |
| Tax | 0.63 | (5.53) | 0.16 | 23.93 | 0.59 | 0.48 | 0.41 | 1.33 |
| Net profit | 2.11 | 8.96 | (7.43) | 71.89 | 2.19 | 1.13 | 1.82 | 8.13 |
| EPS (₹) | 0.36 | 1.56 | (1.43) | 12.75 | 0.37 | 0.21 | 0.32 | 1.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 190 | 171 | 164 | 124 | 99.82 | 84.64 | 68.54 |
| Revenue growth | +11.0% | +4.3% | +31.8% | +24.4% | +17.9% | +23.5% | - |
| Other income | 97.54 | 13.25 | 1.54 | 6.97 | 1.09 | 0.93 | 4.27 |
| Total expenses | 186 | 160 | 150 | 117 | 96.20 | 82.33 | 65.59 |
| Employee cost | 0.00 | 85.31 | 72.25 | 51.28 | 44.78 | 34.55 | 32.02 |
| EBITDA | 3.23 | 10.46 | 13.77 | 6.94 | 3.62 | 2.31 | 2.95 |
| EBITDA margin | +1.7% | +6.1% | +8.4% | +5.6% | +3.6% | +2.7% | +4.3% |
| Depreciation | 3.27 | 3.04 | 1.40 | 1.25 | 1.82 | 2.13 | 2.04 |
| Interest | 2.76 | 2.60 | 1.42 | 1.39 | 0.94 | 1.07 | 1.41 |
| Profit before tax | 94.74 | 18.07 | 12.49 | 11.27 | 1.95 | 0.04 | 3.77 |
| Tax | 19.16 | 3.30 | 3.02 | 2.24 | 2.04 | 0.43 | (0.02) |
| Net profit | 1.12 | 5.89 | 9.28 | 4.63 | 0.11 | (3.81) | 2.21 |
| Net profit margin | +0.6% | +3.5% | +5.7% | +3.7% | +0.1% | -4.5% | +3.2% |
| EPS (₹) | 13.25 | 6.60 | 4.13 | 4.06 | 0.12 | (0.58) | 6.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.27 | 11.27 | 11.24 | 11.06 | 11.04 | 5.52 | 5.52 |
| Reserves & surplus | 98.07 | 57.35 | 44.21 | 30.49 | 21.75 | 27.37 | 27.76 |
| Shareholders' funds (net worth) | 109 | 68.62 | 55.45 | 41.55 | 32.79 | 32.89 | 33.28 |
| Minority interest | (0.04) | 0.14 | 2.83 | 0.06 | (0.01) | 0.20 | 0.25 |
| Secured loans | 16.55 | 16.55 | 11.99 | 6.80 | 8.97 | 9.89 | 10.32 |
| Unsecured loans | 14.06 | 3.43 | 2.59 | 0.50 | 0.66 | 1.22 | 0.49 |
| Total debt | 30.61 | 19.98 | 14.58 | 7.30 | 9.63 | 11.11 | 10.81 |
| Total liabilities | 142 | 89.64 | 73.27 | 48.95 | 42.47 | 44.46 | 44.87 |
| Assets | |||||||
| Gross block | 42.31 | 42.78 | 35.25 | 28.43 | 22.83 | 21.69 | 21.02 |
| Net block | 22.74 | 22.90 | 21.98 | 14.25 | 9.86 | 10.49 | 11.88 |
| Capital work in progress | 4.13 | 3.82 | 3.26 | 1.14 | 0.87 | 0.22 | 0.18 |
| Investments | 47.98 | 3.64 | 3.48 | 3.19 | 2.98 | 4.01 | 5.05 |
| Inventories | 6.46 | 7.31 | 6.34 | 4.98 | 4.68 | 8.61 | 5.70 |
| Sundry debtors | 90.95 | 74.51 | 51.30 | 35.00 | 31.08 | 21.86 | 21.63 |
| Cash & bank balances | 6.23 | 1.91 | 6.06 | 5.16 | 10.62 | 10.65 | 6.35 |
| Loans & advances | 4.24 | 1.07 | 1.35 | 1.00 | 2.83 | 2.31 | 4.89 |
| Total current assets | 108 | 84.80 | 65.05 | 46.14 | 49.21 | 43.43 | 38.57 |
| Total current liabilities | 41.60 | 32.46 | 21.98 | 18.69 | 23.60 | 17.66 | 13.20 |
| Net working capital | 66.28 | 52.34 | 43.07 | 27.45 | 25.61 | 25.77 | 25.37 |
| Total assets | 142 | 89.64 | 73.27 | 48.95 | 42.47 | 44.46 | 44.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.90 | 3.40 | 2.50 | 9.12 | 7.84 | 3.74 | 5.41 |
| Net cash from operating activities | (2.14) | (8.87) | (0.79) | (1.65) | 5.81 | 5.71 | 4.89 |
| Net cash from investing activities | (0.96) | 9.31 | (2.11) | (0.65) | (2.13) | (0.37) | (7.42) |
| Net cash from financing activities | 7.37 | (1.94) | 3.80 | (4.33) | (2.68) | (1.24) | 0.86 |
| Net change in cash | 4.27 | (1.50) | 0.90 | (6.63) | 0.99 | 4.09 | (1.67) |
| Closing cash | 6.23 | 1.91 | 6.06 | 5.16 | 10.62 | 10.65 | 6.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.0% | +4.3% | +31.8% | +24.4% | +17.9% | +23.5% | - |
| EBITDA growth | -69.1% | -24.0% | +98.4% | +91.7% | +56.7% | -21.7% | - |
| PBT growth | +424.3% | +44.7% | +10.8% | +478.0% | +4775.0% | -98.9% | -44.3% |
| Net income growth | -81.0% | -36.5% | +100.4% | +4109.1% | +102.9% | -272.4% | - |
| Revenue CAGR (3Y) | +15.1% | +19.6% | +24.6% | +21.9% | +8.7% | +6.7% | +2.4% |
| EBITDA CAGR (3Y) | -22.5% | +42.4% | +81.3% | +33.0% | -27.6% | -35.5% | -22.4% |
| Profitability & leverage | |||||||
| Net income margin | +39.9% | +8.7% | +5.8% | +7.3% | -0.1% | -0.5% | +5.5% |
| Return on capital employed | - | +11.3% | +23.3% | +15.2% | +6.7% | +3.3% | +8.3% |
| Return on net worth | - | +9.4% | +19.6% | +12.6% | -0.2% | -11.7% | +7.3% |
| Debt / equity | - | 0.28 | 0.23 | 0.23 | 0.32 | 0.33 | 0.35 |
| Long-term debt / equity | - | 0.11 | 0.10 | 0.06 | 0.03 | 0.04 | 0.09 |
| Interest cover | -6,900.00 | 35.04 | 11.48 | 24.43 | 52.22 | 594.44 | 154.95 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.61 | 5.14 | 4.84 | 4.48 | 3.96 | 3.23 |
| Inventory turnover | - | 25.01 | 28.90 | 25.71 | 15.02 | 11.83 | 12.04 |
| Debtors turnover | - | 2.71 | 3.79 | 3.76 | 3.77 | 3.89 | 3.32 |
| EPS (₹) | 13.25 | 6.60 | 4.13 | 4.06 | 0.12 | (0.58) | 6.70 |
| Dividend per share (₹) | 0.10 | 0.25 | 0.25 | 0.25 | 0.50 | 0.00 | 0.50 |
| Book value per share (₹) | 0.00 | 30.45 | 24.66 | 18.78 | 29.69 | 59.57 | 60.28 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.50 | 45.93 | 36.03 | 44.54 | 35.48 | 45.97 | 42.45 | 32.02 |
| Revenue growth (YoY) | -8.4% | -0.1% | -15.1% | +39.1% | +17.5% | - | - | - |
| Other income | 0.30 | 2.23 | 0.47 | 92.89 | 0.21 | 0.22 | 0.40 | 11.82 |
| Total expenses | 30.31 | 44.09 | 41.75 | 41.78 | 32.41 | 44.08 | 39.13 | 32.29 |
| EBITDA | 2.19 | 1.84 | (5.72) | 2.76 | 3.07 | 1.89 | 3.32 | (0.27) |
| EBITDA margin | +6.7% | +4.0% | -15.9% | +6.2% | +8.7% | +4.1% | +7.8% | -0.8% |
| Depreciation | 0.15 | 0.66 | 0.67 | 0.52 | 0.46 | 0.50 | 0.57 | 0.57 |
| Interest | 0.60 | 0.78 | 0.45 | 0.58 | 0.42 | 0.43 | 0.42 | 0.38 |
| Profit before tax | 1.74 | 2.63 | (6.37) | 94.55 | 2.40 | 1.18 | 2.73 | 10.60 |
| Tax | 0.44 | (5.64) | 0.11 | 23.87 | 0.64 | 0.30 | 0.64 | 1.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 162 | 151 | 157 | 122 | 99.03 | 84.33 | 66.13 |
| Revenue growth | +7.5% | -4.2% | +29.0% | +23.2% | +17.4% | +27.5% | - |
| Other income | 95.80 | 12.69 | 1.42 | 6.97 | 1.03 | 0.53 | 4.33 |
| Total expenses | 160 | 141 | 145 | 116 | 93.58 | 81.47 | 63.70 |
| Employee cost | 0.00 | 74.46 | 69.10 | 50.48 | 44.70 | 34.50 | 31.23 |
| EBITDA | 1.95 | 9.88 | 12.73 | 6.25 | 5.45 | 2.86 | 2.43 |
| EBITDA margin | +1.2% | +6.6% | +8.1% | +5.1% | +5.5% | +3.4% | +3.7% |
| Depreciation | 2.31 | 2.20 | 1.24 | 1.21 | 1.81 | 2.13 | 2.03 |
| Interest | 2.22 | 1.64 | 1.21 | 1.20 | 0.83 | 0.99 | 1.33 |
| Profit before tax | 93.22 | 18.73 | 11.70 | 10.81 | 3.84 | 0.27 | 3.40 |
| Tax | 18.98 | 3.31 | 2.94 | 2.10 | 1.92 | 0.43 | (0.01) |
| Net profit | 0.69 | 15.43 | 8.76 | 8.71 | 1.92 | (0.52) | 1.94 |
| Net profit margin | +0.4% | +10.2% | +5.6% | +7.1% | +1.9% | -0.6% | +2.9% |
| EPS (₹) | 13.02 | 6.84 | 3.90 | 3.94 | 1.73 | (0.28) | 6.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.27 | 11.27 | 11.24 | 11.06 | 11.04 | 5.52 | 5.52 |
| Reserves & surplus | 99.04 | 59.74 | 44.56 | 31.36 | 22.92 | 26.78 | 27.06 |
| Shareholders' funds (net worth) | 110 | 71.01 | 55.80 | 42.42 | 33.96 | 32.30 | 32.58 |
| Secured loans | 15.34 | 15.12 | 10.74 | 6.62 | 8.79 | 9.89 | 1.86 |
| Unsecured loans | 9.18 | 0.51 | 0.84 | 0.50 | 0.61 | 1.17 | 8.91 |
| Total debt | 24.52 | 15.63 | 11.58 | 7.12 | 9.40 | 11.06 | 10.77 |
| Total liabilities | 136 | 87.11 | 67.43 | 49.53 | 43.42 | 43.63 | 43.88 |
| Assets | |||||||
| Gross block | 20.18 | 23.87 | 21.63 | 23.38 | 22.52 | 21.67 | 21.00 |
| Net block | 8.79 | 11.55 | 11.35 | 9.29 | 9.56 | 10.47 | 11.86 |
| Capital work in progress | 0.00 | 1.31 | 1.05 | 1.14 | 0.87 | 0.22 | 0.18 |
| Investments | 63.64 | 18.88 | 14.61 | 9.42 | 4.21 | 4.06 | 5.09 |
| Inventories | 6.16 | 7.19 | 6.34 | 4.98 | 4.68 | 8.61 | 5.70 |
| Sundry debtors | 82.87 | 70.73 | 50.17 | 36.32 | 33.71 | 23.80 | 23.03 |
| Cash & bank balances | 4.76 | 0.46 | 3.57 | 3.51 | 8.78 | 9.99 | 6.07 |
| Loans & advances | 3.43 | 0.63 | 0.45 | 0.46 | 2.49 | 1.71 | 4.29 |
| Total current assets | 97.22 | 79.01 | 60.53 | 45.27 | 49.66 | 44.11 | 39.09 |
| Total current liabilities | 33.60 | 29.81 | 21.07 | 18.22 | 23.32 | 18.66 | 14.22 |
| Net working capital | 63.62 | 49.20 | 39.46 | 27.05 | 26.34 | 25.45 | 24.87 |
| Total assets | 136 | 87.11 | 67.43 | 49.53 | 43.42 | 43.63 | 43.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.46 | 0.95 | 0.84 | 7.00 | 7.17 | 3.46 | 3.78 |
| Net cash from operating activities | (4.93) | (9.27) | (0.81) | (0.94) | 4.67 | 5.47 | 7.60 |
| Net cash from investing activities | 3.05 | 7.00 | (2.32) | (1.21) | (2.13) | (0.59) | (7.38) |
| Net cash from financing activities | 6.18 | 1.78 | 3.23 | (4.00) | (2.72) | (1.17) | (0.54) |
| Net change in cash | 4.30 | (0.49) | 0.10 | (6.15) | (0.17) | 3.71 | (0.32) |
| Closing cash | 4.76 | 0.46 | 3.57 | 3.51 | 8.78 | 9.99 | 6.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.5% | -4.2% | +29.0% | +23.2% | +17.4% | +27.5% | - |
| EBITDA growth | -80.3% | -22.4% | +103.7% | +14.7% | +90.6% | +17.7% | - |
| PBT growth | +397.7% | +60.1% | +8.2% | +181.5% | +1322.2% | -92.1% | -47.8% |
| Net income growth | -95.5% | +76.1% | +0.6% | +353.7% | +469.2% | -126.8% | - |
| Revenue CAGR (3Y) | +9.9% | +15.0% | +23.1% | +22.6% | +11.7% | +8.0% | +5.4% |
| EBITDA CAGR (3Y) | -32.2% | +21.9% | +64.5% | +37.0% | -8.1% | -25.2% | -27.2% |
| Profitability & leverage | |||||||
| Net income margin | +45.8% | +10.2% | +5.6% | +7.1% | +1.9% | -0.2% | +5.2% |
| Return on capital employed | - | +26.4% | +22.1% | +25.9% | +10.7% | +3.7% | +7.5% |
| Return on net worth | - | +24.3% | +17.9% | +22.8% | +5.8% | -1.6% | +6.3% |
| Debt / equity | - | 0.21 | 0.19 | 0.22 | 0.31 | 0.34 | 0.33 |
| Long-term debt / equity | - | 0.07 | 0.08 | 0.05 | 0.03 | 0.05 | 0.07 |
| Interest cover | -616.67 | 21.35 | 10.53 | 23.81 | 22.80 | 135.62 | 332.50 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 6.62 | 6.99 | 5.31 | 4.48 | 3.95 | 3.36 |
| Inventory turnover | - | 22.27 | 27.79 | 25.25 | 14.90 | 11.79 | 11.61 |
| Debtors turnover | - | 2.49 | 3.64 | 3.48 | 3.44 | 3.60 | 2.98 |
| EPS (₹) | 13.02 | 6.84 | 3.90 | 3.94 | 1.73 | (0.28) | 6.21 |
| Dividend per share (₹) | 0.10 | 0.25 | 0.25 | 0.25 | 0.50 | 0.00 | 0.50 |
| Book value per share (₹) | 0.00 | 31.51 | 24.82 | 19.18 | 30.76 | 58.50 | 59.02 |
To see the full year-wise statements and ratios of Dev Information Technology Limited, buy the company report.
Board of directors of Dev Information Technology Limited
Dev Information Technology has 8 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rama Moondra | Director | 16 Mar 2017 | 9 Years 7 Months | Current |
| Venkata Rama Subba Rao Velamuri | Director | 16 Mar 2017 | 9 Years 7 Months | Current |
| Jaiminbhai Jagdishbhai Shah Also directs: Unicred Technologies Private Limited, Minddefft Technologies Private Limited, Gujarat Apollo Industries Limited and 5 more | Managing Director | 23 Dec 1997 | 28 Years 10 Months | Current |
| Pranav Niranjan Pandya | Whole-Time Director | 23 Dec 1997 | 28 Years 10 Months | Current |
| Vishal Vasu Also directs: Unicred Technologies Private Limited, Minddefft Technologies Private Limited, Mas Financial Services Limited and 1 more | Whole-Time Director | 01 Jul 2014 | 12 Years 3 Months | Current |
| Prerak Pradyumna Shah | Whole-Time Director | 01 Jul 2014 | 12 Years 3 Months | Current |
Auditor
Dev Information Technology Limited is audited by RINKESH SHAH & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RINKESH SHAH & CO | FY 2024 | 129690W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 41.60%, foreign institutional investors hold 0.30%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 58.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 41.60% | 41.60% | 66.60% | 66.60% |
| Public | 58.40% | 58.40% | 33.40% | 33.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2025 | 101195203 | Others | ₹9.75 Lakh | Open | |
| 29 May 2025 | 101108792 | The Kalupur Commercial Co-Operative Bank Limited | ₹1.38 Cr | Open | |
| 08 Aug 2024 | 100969640 | Others | ₹2.5 Cr | Open | |
| 01 Mar 2024 | 100882000 | Hdfc Bank Limited | ₹65 Lakh | Open | |
| 01 Dec 2023 | 100832287 | The Kalupur Commercial Co-Operative Bank Limited | ₹14.34 Lakh | Open |
To see the full charge records of Dev Information Technology Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Dev Information Technology Limited has 30 deals on record (28 market trades, 1 acquisition, 1 ipo); the latest was in March 2026.
Deals on record (5 of 30)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹1.06 Cr | Buyer: Setu Securities Private Limited Seller: Multiplier Share and Stock Advisors Private Limited |
| Mar 2026 | Market trade | ₹2.67 Cr | Buyer: Xduce Technologies Private Limited Seller: an individual |
| Mar 2026 | Market trade | ₹11.96 Cr | Buyer: Xduce Technologies Private Limited Seller: 3 individuals |
| Dec 2025 | Market trade | ₹27.05 Cr | Buyer: Xduce Technologies Private Limited , Share India Securities Limited, an individual Seller: Share India Securities Limited, 3 individuals |
| Jan 2025 | Market trade | ₹3.46 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
To see the full deal history of Dev Information Technology Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dev Information Technology Limited has 9 court cases on record: 2 filed by Dev Information Technology, 7 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 1 |
| High courts | 2 | 1 | 2 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Pending |
| Supreme Court | Court case (0431-Indirect Taxes Matters : Service Tax) | Filed by the company against Union of India Notice to Be Served Through Its Secretary Ministry of Finance, North Block ,New Delhi , Delhi and 2 others | Pending |
| High Court of Gujarat | Special civil application | Filed against the company | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 6 others | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Dev Information Technology Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Dev Information Technology Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Pop Online Services Private Limited |
To see the full MSME payment records of Dev Information Technology Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Dev Information Technology has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Dhyey Consulting Services Private Limited | U72200GJ2010PTC060191 | |
| Minddefft Technologies Private Limited | U72300GJ2015PTC084101 |
To see the full group structure of Dev Information Technology Limited, buy the company report.
Employees & EPFO
Dev Information Technology Limited has a workforce of 353 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Dev Information Technology has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD5427B1ZA | Gujarat | Active | 01 Jul 2017 |
| 24AAACD5427B2Z9 | Gujarat | Active | 28 Mar 2025 |
| 08AAACD5427B1Z4 | Rajasthan | Active | 01 Jul 2017 |
| 27AAACD5427B2Z3 | Maharashtra | Active | 17 Jul 2018 |
To see the full GST registrations and return filing status of Dev Information Technology Limited, buy the company report.
Recent activity
Dev Information Technology Limited has 16 board changes on record since 1997: 13 appointments and 3 cessations. The latest: Bhavin Sanjaybhai Bhagat was appointed as Director on 20 Dec 2024.
40 earlier events are in the company report.
News
Frequently asked questions
Dev Information Technology is an active public limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 23 December 1997 (29+ years old) and is registered under CIN L30000GJ1997PLC033479. Listed on BSE: 543462 and NSE: DEVIT.
Dev Information Technology reported revenue of ₹189.5 Cr for FY 2025-26 (up 11% YoY) based on consolidated financials.
Dev Information Technology has 8 current directors:
- Jaiminbhai Jagdishbhai Shah - Managing Director
- Pranav Niranjan Pandya - Whole-Time Director
- Vishal Vasu - Whole-Time Director
- Prerak Pradyumna Shah - Whole-Time Director
- Rama Moondra - Director
- Venkata Rama Subba Rao Velamuri - Director
- Umesh Rateja - Director
- Bhavin Sanjaybhai Bhagat - Director
The latest financial statements of Dev Information Technology on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dev Information Technology is 24AAACD5427B1ZA, registered in Gujarat. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACD5427B2Z9 (Gujarat), 08AAACD5427B1Z4 (Rajasthan), 27AAACD5427B2Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Dev Information Technology is L30000GJ1997PLC033479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Dev Information Technology is a listed company as per MCA records. Its shares are listed on both BSE (code: 543462) and NSE (symbol: DEVIT).
Dev Information Technology has 9 court cases on record: 2 filed by the company and 7 filed against it. 4 are pending. Most are in the district courts.
Dev Information Technology was incorporated on 23 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dev Information Technology has 30 deals on record (28 market trades, 1 acquisition, 1 ipo); the latest was in March 2026.
Bhavin Sanjaybhai Bhagat was appointed as Director on 20 Dec 2024. Jatin Yagneshbhai Trivedi ceased to be Director on 20 Sep 2024. Umesh Rateja was appointed as Director on 16 Jun 2022. Dev Information Technology has 16 board changes on record in total.