IT company receives order worth Rs 1,16,00,000 from RajCOMP Info Services Ltd

DSIJ Intelligence-1 / 06 Jul 2025/ Categories: Mindshare, Trending

IT company receives order worth Rs 1,16,00,000 from RajCOMP Info Services Ltd

The is up over 40 per cent from its 52-week low of Rs 88.15 per share and gave multibagger returns of 491 per cent in 5 years.

DEV Information Technology Ltd (DEVIT) has secured a significant Rs 1.16 crore contract from RajCOMP Info Services Ltd for the implementation of "Raj Sewa Dwaar," a centralised middleware Enterprise Service Bus. This two-year, fixed-cost domestic project will facilitate seamless, secure, and transparent inter-application communication across various departmental systems and services using key components like IBM Advanced Developer Portal, IBM API Connect, IBM Data Power, and IBM Integration.

Earlier, the company secured orders totalling Rs 4.4 crore from Alivus Lifesciences Limited. This includes a Rs 3.60 crore contract for Microsoft Select Plus perpetual licenses, where DEVIT provided advisory services for IT infrastructure alignment. Additionally, DEVIT received an Rs 80 lakh direct order for enterprise software solutions from Microsoft, Zoho, Adobe, and TeamViewer. These fixed-cost contracts, showcasing DEVIT's expertise in integrated IT solutions, are expected to be completed within one to two years.

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About the Company

Founded in 1997, Dev IT has grown from a small-scale software provider to a global IT powerhouse. With a strong foundation in India and offices worldwide, the company offers many services, including cloud solutions, digital transformation, and enterprise applications. Known for its commitment to innovation and quality, Dev IT empowers businesses with cutting-edge technology. Their products, such as Talligence and ByteSIGNER, provide valuable tools for data analysis and document management. By understanding their clients' unique needs, Dev IT delivers tailored solutions that drive business growth and success.

According to the Quarterly Results, the revenue increased by 19 per cent to Rs 51.55 crore and net profit decreased by 74 per cent to Rs 1.13 crore in Q4FY25 compared to Q4FY24. In FY25, net sales increased by 4 per cent to Rs 171 crore and net profit increased by 67 per cent to Rs 15 crore compared to FY24.

The company has a market cap of over Rs 270 crore. The is up over 40 per cent from its 52-week low of Rs 88.15 per share and gave multibagger returns of 491 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.