IT-Company Receives Order Worth Rs 2,90,00,000 From RajCOMP Info Services Ltd
The is up by 30 per cent from its 52-week low of Rs 94.43 per share and gave multibagger returns of over 600 per cent in 5 years.
DEV Information Technology Ltd (DEVIT) has secured a significant work order from RajCOMP Info Services Ltd, a domestic State Government entity and the Nodal ICT arm of the Rajasthan Government. This fixed-cost contract, valued at approximately Rs 2.90 crore, involves the "Development of Employment Exchange Management System (EEMS) 2.0 Application & Operation and Maintenance for 3 Years" under the Department of Skill, Employment and Entrepreneurship, Government of Rajasthan. The EEMS 2.0 application aims to be a "one-stop solution" for employment services, facilitating job searches for job seekers, online job postings for employers, timely disbursement of unemployment allowances under the "Mukhyamantri Yuva Sambhal Yojana 2021," and comprehensive employment information dissemination to balance workforce demand and supply. The project has an approximate execution timeline of three years.
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.
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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 250 crore. The is up by 30 per cent from its 52-week low of Rs 94.43 per share and gave multibagger returns of over 600 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.