Dev Information Technology Secures ₹26 Crore Mandate for National Pharmacists Platform
Dev Information Technology Limited (DEV IT) has announced securing a ₹ 26 crore order from the National Informatics Centre Services Incorporated (NICSI). This mandate is for the National Pharmacists Registration Tracking System (NPRTS) under the Pharmacy Council of India (PCI).The IT services company, which is listed on NSE as DEVIT and on BSE with trading symbol 543462, specializes in Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services.
The scope of the project includes the design, development, system integration, and maintenance of the platform, alongside the implementation of cybersecurity measures for the existing IT environment. This contract establishes a centralized, web-based system intended for efficient pharmacist registration and tracking at a national level. The agreement is structured on a fixed-cost basis, with an execution timeline estimated at approximately three years, offering medium-term revenue visibility.
Mr. Pranav Pandya, Chairman of Dev Information Technology Limited, stated that the mandate highlights the company's capability to deliver large-scale, integrated digital solutions characterized by strong execution discipline and reliability. He added that the focus remains on scaling the company's presence in high-value digital infrastructure programs and driving sustainable growth.
Company Overview and Financial Snapshot
Dev Information Technology Limited, established in 1997, has grown into a global IT services provider. The company holds certifications including ISO 20000, ISO 27001, ISO 9001, and CMMI Level 5. Headquartered in Ahmedabad, with offices spanning India and Canada, DEV IT offers end-to-end services such as Digital Transformation, Enterprise Applications, Managed IT Services, and Cloud Services. Its product suite includes Talligence, an accounting data analytics platform, and ByteSigner, a digital signing solution.Financial data for the company in Consolidated FY25 is as follows:
| Metric | Value |
|---|---|
| Total Income | ₹ 1,839.09 Mn |
| EBITDA | ₹ 237.18 Mn |
| Net Profit | ₹ 147.80 Mn |
The company maintains its commitment to innovation and client success in the IT services sector, positioning itself to meet the dynamic demands of the industry.
DEVIT Stock Price Movement
Shares of Dev Information Technology Limited are rallying to ₹31.5 as of 12:26 PM, gaining 7.40% in live trading. The stock is trading on high volume with 292,394 shares traded, keeping it significantly above the day’s low of ₹29.93.Source:
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