Key Quantitative Figures
- Total contract value: ₹17.08 crore
- Vadodara Municipal Corporation order: Approximately ₹15.50 crore
- Gujarat Metro Rail Corporation order: Approximately ₹1.58 crore
- VMC contract duration: Approximately three years
- GMRCL contract duration: Approximately six months
Parties Involved
- Clients: Vadodara Municipal Corporation (VMC) and Gujarat Metro Rail Corporation Limited (GMRCL)
- Regulatory Recipients: National Stock Exchange of India Limited and BSE Limited
- Company Representatives: Krisa Shah (Company Secretary and Compliance Officer), Pranav Pandya (Chairman)
- IR Contact: Kirin Advisors Private Limited (Sunil Mudgal, Director)
Contract Details
Vadodara Municipal Corporation Order (₹15.50 crore)
- Services: IT consulting services across multiple technology domains
- Scope: Project management and staff augmentation
- Technology Areas: Application development, cybersecurity, database management, Geographic Information Systems (GIS), and emerging technologies
- Engagement Type: Deployment of qualified IT consulting professionals
- Duration: Approximately three years
Gujarat Metro Rail Corporation Order (₹1.58 crore)
- Services: Autodesk Forma Model Management Bundle and Forma Build Cloud
- Scope: Implementation guidance, training and support
- Purpose: Strengthen digital construction and Building Information Modelling (BIM) capabilities through centralized model management, improved collaboration, and more effective construction workflows
- Contract Type: Fixed-cost order
- Duration: Approximately six months
Strategic Context and Management Commentary
Mr. Pranav Pandya, Chairman, stated that these orders represent progress in expanding DEV IT's engagement with government and public-sector organizations. The VMC assignment demonstrates the company's ability to provide skilled IT consulting teams across critical technology areas, while the GMRCL order adds to work in digital construction and model management solutions.
Management sees growing opportunities to support public-sector organizations in modernizing technology systems and infrastructure project workflows. The company's focus is on delivering these assignments effectively, strengthening long-term client relationships, and building capabilities across digital transformation, cybersecurity, and enterprise technology services.
Company Background
DEV Information Technology Limited, founded in 1997, is listed on NSE & BSE and certified to ISO 20000, ISO 27001, ISO 9001 & CMMI Level 5. The company has evolved from a business automation software solutions provider into a global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services.
Headquartered in Ahmedabad with offices across India and Canada, the company reported Consolidated FY26 financials:
- Total Income: ₹193.50 crore
- EBITDA: ₹7.23 crore
- Net Profit: ₹75.60 crore
The company's products include Talligence (accounting data analytics platform) and ByteSigner (digital signing solution).
Regulatory and Timing Details
- Disclosure Date: November 13, 2026
- Event Date: November 12, 2026 (press release date)
- Regulatory Reference: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Filed by: Krisa Shah, Company Secretary and Compliance Officer
- Filing Location: Ahmedabad