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Dev IT Achieves Prestigious CMMI Maturity Level 5 Rating for Development Excellence
Dev Information Technology Limited has achieved the CMMI Maturity Level 5 rating, the highest possible standard for organizational maturity in software development. This appraisal signifies that the company uses quantitative, data-driven approaches to optimize its processes and efficiency. This certification is expected to enhance the company's ability to secure large-scale, stringent international projects. Financially, the company reported a total income of ₹1,839.09 million and a net profit of ₹147.80 million in FY25.
Key Highlights
Achieved CMMI Maturity Level 5, Version 3.0, the highest level of organizational maturity.
Appraisal conducted by CUNIX Quality and Management Pvt. Ltd. to validate process excellence.
Reported FY25 Consolidated Total Income of ₹1,839.09 million and Net Profit of ₹147.80 million.
Certification enables the company to meet stringent national and international project requirements.
💼 Action for Investors
This certification improves the company's competitive edge in bidding for high-value global contracts. Investors should monitor if this leads to improved order book growth and higher margins in the coming quarters.
DEVIT Secures INR 3.18 Crore Order for IFMS 3.0 Development from Rajasthan Government
Dev Information Technology Limited (DEVIT) has been awarded a work order worth approximately INR 3.18 Crore from the National Informatics Centre Services Incorporated (NICSI). The contract involves the development of IFMS 3.0 Web and Mobile Applications for the Directorate of Treasuries and Accounts, Government of Rajasthan. The project covers critical modules like Pension, Employee, and Salary Management. With an execution timeline of just 4 months, this order provides immediate revenue visibility for the company.
Key Highlights
Total order value of approximately INR 3.18 Crore for software development.
Client: Directorate of Treasuries and Accounts, Government of Rajasthan (via NICSI).
Scope includes development of IFMS 3.0 Web and Mobile Applications for finance department functionalities.
Execution period is approximately 4 months, ensuring quick project completion and revenue recognition.
💼 Action for Investors
The contract reinforces DEVIT's expertise in government digital transformation projects and provides short-term revenue growth. Investors should monitor the company's ability to secure larger-scale government contracts through its NICSI empanelment.