Dev Information Technology Limited has secured a significant government contract worth ₹1.29 crore from National Informatics Centre Services Incorporated (NICSI). The project involves developing a comprehensive Integrated Financial Management System to streamline state finance management processes across multiple operational areas.
On July 22, 2025, Dev Information Technology Limited announced securing an order from National Informatics Centre Services Incorporated for developing an Integrated Financial Management System. The contract, valued at approximately ₹1.29 crore, covers comprehensive financial management solutions for state government operations.
The system will encompass pension and employee management, works accounts management, bank disbursement engine, core treasury operations, online bill payments, budget volume and expenditure management, and mobile application development.
The IFMS development includes multiple critical modules such as pension management, employee management, works accounts management for PwD, PHeD, CAD departments, FVC, GIA Bill processing, and bank disbursement engine functionality. Additional components cover core DE, treasuries, online bill payment systems for GPO, CPO, PPO, salary bills, arrear bills, special pay, allowances, SNA Sparsh, and NPS/NSDL management.
The project operates on a fixed cost basis with an execution timeline of approximately 2 to 3 months, demonstrating DEVIT's capability to deliver complex government technology solutions efficiently.
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The announcement was made pursuant to Regulation 30(4) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD PoD 1/P/CIR/2023/123 dated July 22, 2023. Company Secretary and Compliance Officer Krisa Shah signed the disclosure from the company's Ahmedabad office.
DEVIT confirmed that no promoter, promoter group, or group companies have any interest in NICSI, and the contract does not fall within related party transactions, ensuring transparent business operations.
On July 24, 2025, Dev Information Technology share price opened at ₹117.00 on NSE, above the previous close of ₹116.07. During the day, it surged to ₹117.99 and dipped to ₹117.00. The stock is trading at ₹117.99 as of 9:17 AM. The stock registered a moderate gain of 1.65%.
Over the past week, it has moved up by 5.68%, over the past month, it has moved up by 8.99%, and over the past 3 months, it has moved up by 3.60%.
Dev Information Technology's ₹1.29 crore NICSI contract for Integrated Financial Management System development represents a significant achievement in the government technology sector. The project's comprehensive scope and 2 to 3 month delivery timeline showcase DEVIT's expertise in delivering complex state finance management solutions, strengthening its position in the government IT services market.
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Published on: Jul 24, 2025, 9:37 AM IST
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