What Dev Information Technology does

Dev Information Technology Limited (DEV IT) is an Ahmedabad-headquartered, NSE/BSE-listed Indian IT services firm founded in 1998 that delivers end-to-end digital transformation services — AI consulting, cloud (AWS/Azure), cybersecurity, enterprise applications (Microsoft Dynamics 365 F&O, CRM, Business Central), blockchain, data & analytics, and managed IT services — to mid-market and large enterprises, government/public sector clients, and SMEs across 12+ industries. The company reports 1,500+ clients worldwide, a 90% client retention rate, and 4,000+ certified technologists, with CMMI Level 5 and ISO 9001/27001 certifications as proof points on delivery maturity.

The product portfolio combines proprietary IP — Talligence (AI-powered Tally BI tool with a voice-enabled mobile assistant) and ByteSIGNER (PDF document signing) — with a Microsoft-centric services stack delivered via wholly-owned subsidiaries Dhyey Consulting Services (Dynamics 365/Power Platform specialist, acquired December 2023) and Minddeft Technologies (blockchain solutions provider, acquired December 2022). In April 2026, DEV IT achieved all six Microsoft Solutions Partner Designations through Dhyey Consulting, reaching elite-tier Microsoft partner status, and operates DEVlabs as an in-house R&D hub for AI, blockchain, cybersecurity, IoT, and mixed reality. AI capabilities span predictive analytics, generative AI with RAG, autonomous agents, NLP/voice, and anomaly detection, built primarily on Microsoft Copilot, Azure OpenAI, and OpenAI foundations.

Revenue is generated through project-based professional services engagements, multi-year managed services contracts, government fixed-cost mandates (notably the ₹26 crore NICSI/Pharmacy Council of India mandate for the National Pharmacists Registration Tracking System), and product subscriptions. The go-to-market is enterprise field sales supplemented by an XDuce strategic alliance (which acquired ~24% in March 2026) for North American/UK market access and an exclusive master distribution agreement with A21 Technologies for Indian SMB distribution of Talligence. In April 2026, the board approved divestiture of ByteSIGNER and Talligence to Byte Technosys for ₹11.90 crore, signaling a strategic refocus toward higher-value services and core capabilities.

Name

Dev Information Technology

Legal name

Dev Information Technology Limited

Website

https://devitpl.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Dev Information Technology Limited is an India-based, publicly listed IT services firm delivering AI, cloud, cybersecurity, Microsoft Dynamics 365, and managed IT services to enterprises, government agencies, and SMEs across 12+ industries, with 4,000+ certified technologists and a US/UK go-to-market alliance via XDuce.

Ownership category

akta.pro rank

Product category

Enterprise IT Services

NAICS

Computer Systems Design and Related Services (54151), Software Publishers (5132), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

DevOps Consulting & Transformation (BPAEAKAA)

akta.pro secondary industries

DevSecOps & Supply Chain Security (DevOps toolchain security) (BPAEAKAI), Application Security & DevSecOps Services (BPAKAHAJ)

Keywords

• IT services
• Cloud transformation
• Cybersecurity consulting
• Microsoft Dynamics partner
• Enterprise AI solutions

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. IT Services & Solutions: End-to-end IT services including AI consulting, cloud services, digital transformation, enterprise applications, managed IT services, and application development. Revenue is generated through project-based professional services, managed services contracts, and solution delivery engagements with enterprises and government clients.
2. Product Revenue (Talligence & ByteSIGNER): Proprietary software products sold to businesses; Talligence is an AI-powered business intelligence tool and ByteSIGNER is an electronic document signing platform. These products generate subscription or licensing revenue.
3. Government Contracts: Fixed-cost mandates from government entities including NICSI for the National Pharmacists Registration Tracking System, providing medium-term revenue visibility through multi-year contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Dev Information Technology Limited (DEV IT) is a global IT services and consulting company delivering solutions in artificial intelligence, cloud, cybersecurity, Microsoft Dynamics 365, blockchain, and managed IT services to enterprise and government clients. The company also develops and sells proprietary products, including Talligence (an AI-powered business intelligence and analytics add-on for Tally) and ByteSIGNER (a PDF digital signing application), and operates through subsidiaries Minddeft Technologies and Dhyey Consulting for offshore development and enterprise consulting engagements.

Product overview

Dev Information Technology operates as a multi-product IT services company offering enterprise-grade solutions built primarily on Microsoft platforms. The portfolio includes two core proprietary products—Talligence (AI-powered Tally BI tool with voice-enabled mobile assistant) and ByteSIGNER (PDF document signing solution)—alongside extensive Microsoft Dynamics 365 service offerings (D365 F&O, D365 CRM, and D365 Business Central) delivered through wholly-owned subsidiaries Dhyey Consulting and Dynamic Stars. The company also owns Minddeft Technologies (blockchain specialist since 2015), DevX (managed office/startup accelerator), and operates an innovation hub DEV*labs*. Cloud services, cybersecurity, data analytics, and AI consulting (including Microsoft Copilot and Azure AI Foundry) round out the service offerings. All Microsoft-related services are delivered through the Dhyey Consulting subsidiary, which has achieved all six Microsoft Solutions Partner Designations.

Differentiator

Problem solved

Functional benefit

Brands

• Talligence: AI-powered Tally BI tool for actionable insights with voice-enabled virtual assistant compatible with Android and iOS
• ByteSIGNER
• DevX
• DEVlabs
• Dynamic Stars

Products and services

• Talligence
• ByteSIGNER
• AI and Data Analytics Services
• Cloud Services
• Cybersecurity Services Cybersecurity consulting, threat management, and managed security services for enterprises and public-sector organizations.
• Microsoft Dynamics 365 Services Implementation, customization, and support services for Microsoft Dynamics 365 (ERP and CRM) and the broader Microsoft Business Applications stack, leveraging DEV IT's Microsoft Solutions Partner designations across all six solution areas.
• Blockchain Solutions Blockchain consulting and solution development services, including distributed-ledger applications and smart-contract implementations for enterprise use cases.
• Managed IT Services Ongoing managed IT and support engagements covering infrastructure, applications, and end-user services for enterprise clients.
• Offshore Development and Consulting (Minddeft & Dhyey) Offshore software development and consulting delivered through DEV IT's subsidiaries Minddeft Technologies and Dhyey Consulting, the latter acquired in 2023.

Quantifiable outcome

• 411.48% year-over-year net profit growth in FY26
• +7 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability13 records

Feature3 records

Partnerships

Six partnerships are on record, tiered flagship/ core, strategic and minor.

• Microsoftflagship/ coreTechnology or Integration · 22 April 2026DEV IT achieved all six Microsoft Solutions Partner Designations in conjunction with its wholly-owned subsidiary Dhyey Consulting Services Pvt. Ltd., placing the company among an elite group in India with the complete suite of Microsoft specializations. Covers Modern Work, Azure Infrastructure, Digital & App Innovation, Data & AI, Security, and Business Applications. The CMMI Level 5 and ISO-certified organization is leveraging this elite status to pursue mid-market and large-scale corporate contracts globally, supported by its North American parent company XDuce.
• Byte Technosys Private LimitedstrategicStrategic or Co-development Partner · 2 April 2026DEV IT's Board of Directors approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited through a slump sale. The transaction involves cash consideration of ₹11.90 crore, structured as a standalone deal on an arm's length basis with independent valuation, expected to close by September 30, 2026. This strategic realignment aims to enhance operational efficiency, improve margins through cost synergies, and enable DEV IT to concentrate on core capabilities.
• A21 Technologies LLPstrategicChannel Partner/ Reseller/ Distributor · 28 March 2026DEV IT signed an exclusive master distribution agreement with A21 Technologies LLP to distribute its AI-powered business intelligence software Talligence across India. A21 Technologies serves as the national distributor aiming to expand Talligence's reach among SMEs and MSMEs and enhance data-driven decision-making. The partnership leverages A21's extensive distribution network to improve last-mile connectivity and adoption of analytics solutions in India.
• A2I TechnologiesminorStrategic or Co-development Partner · 1 January 2026DEV IT entered into collaboration with A2I Technologies as part of strategic initiatives in FY26, contributing to enhanced digital capabilities and expanded solutions portfolio targeting cloud, AI, and cybersecurity services.
• GetFive Corporate Advisors LLPminorImplementation/ SI/ Consulting Partner · 7 December 2022GetFive Corporate Advisors LLP acted as financial and strategic advisor for DEV IT's acquisition of Minddeft Technologies. The deal was completed within four months with GetFive providing transaction support including valuation, due diligence, and deal execution assistance.
• AWS (Amazon Web Services)flagship/ coreTechnology or IntegrationDEV IT is a certified AWS partner providing cloud advisory, migration, and managed cloud services. The company helps clients unlock the full power of AWS, Azure, and hybrid cloud environments with minimal risk and maximum ROI through advisory to operations support.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Infosys: Global Indian IT services giant with broad digital, cloud, AI, and enterprise application capabilities. Operates in the same enterprise transformation space but at materially larger scale and broader portfolio.
• Wipro: Large Indian IT services firm with extensive cloud, cybersecurity, AI, and enterprise application practices serving global enterprises. Overlaps in target verticals and Microsoft-centric delivery.
• Tata Consultancy Services: Largest Indian IT services firm with comprehensive digital transformation, cloud, AI, and enterprise application offerings across all major verticals. Sets the competitive pricing and scale benchmark for mid-tier Indian peers.
• LTIMindtree: Large-cap Indian IT services firm offering enterprise digital transformation, cloud, AI, and managed services. Broader portfolio and significantly greater scale than DEV IT, but overlapping in Microsoft and digital services.

Direct peers

• Avanade: Joint venture between Accenture and Microsoft focused exclusively on the Microsoft ecosystem (Dynamics 365, Azure, Copilot, Power Platform). Highly comparable Microsoft-centric services identity, though significantly larger.
• Cyient: Indian-headquartered engineering and digital IT services firm with similar global delivery model and enterprise-focused services across manufacturing, aerospace, and BFSI verticals.
• Persistent Systems: Indian-headquartered mid-tier IT services firm with comparable scale, deep Microsoft and cloud partnerships, and enterprise digital transformation focus. Closely comparable in services portfolio and target customer profile.
• Birlasoft: Indian mid-tier IT services firm focused on enterprise digital transformation, cloud, and industry-specific solutions across manufacturing, BFSI, and healthcare — overlapping verticals and a similar Microsoft-centric delivery model.
• Zensar Technologies: Indian IT services firm delivering digital, cloud, and enterprise application services with comparable mid-market and large enterprise focus. Overlaps in Microsoft D365, cloud, and managed services offerings.
• Hexaware Technologies: Indian IT services firm specializing in digital transformation, cloud, and automation with strong Microsoft relationships. Comparable in services portfolio and enterprise customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Devitpl
• Facebookfacebook.com/devitpl
• LinkedInlinkedin.com/company/dev-information-technology

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dev Information Technology