1. XDuce partnership opens US on-site delivery - XDuce acquired a \~24-25% stake in DEV IT from promoters at market value and signed a strategic collaboration agreement on 30 June 2026 covering technology services, project delivery, and market expansion across North America and the UK. Management expects the partnership to generate \~$1-2 million in FY27 revenue, growing to \~$3-5 million from FY28 with 15-20% annual growth thereafter, with DEV IT retaining 80% of revenue on offshore delivery.
2. Government order book of ₹50-60 crore - Active work orders from government entities stand at approximately ₹50-60 crore, including a ₹26 crore NICSI order for the Pharmacy Council of India's registration system and a ₹6.97 crore Microsoft Office suite deployment for Gujarat colleges. Government business contributes 55-57% of total revenue, and this visible backlog alone covers roughly three quarters of the India government and corporate revenue run-rate.
3. Microsoft all-six designations unlock enterprise deals - DEV IT achieved all six Microsoft Solutions Partner Designations, a credential held by only \~5% of North American Microsoft partners, and subsidiary Dhyey was recognised among India's Top 5 SMB Partners. The company has already closed a \~$60,000-70,000 deal with a Texas sugar processor sourced through the Microsoft platform, demonstrating the designation's ability to pull in enterprise opportunities ahead of the XDuce integration.
4. Talligence and ByteSIGNER slump sale unlocks ₹11.85-11.90 crore - The Board approved the sale of both product businesses as a going concern to Byte Technosys, effective 31 March 2026, with closure expected by 30 September 2026. These products generated only ₹3.97 lakhs in FY25 revenue while carrying a net asset value of \~₹8.75 crore (12.74% of net worth), so the sale releases locked capital and removes a drag on operating margins.
5. Cybersecurity revenue scales to ₹5-8 crore with US anchor clients - The cybersecurity practice, launched in December 2024 with \~₹5 crore investment, clocked \~₹5-8 crore in FY26 revenue, anchored by two US enterprise clients contributing \~₹2 crore annually for compliance guidance and 24×7 managed SOC services. Management had targeted growth from $500,000 to $2 million by the next financial year-end, and the unit is in final talks with a data centre operator to add management services for its customers.
6. DevX IPO crystallised value and removed funding uncertainty - DevX listed on 17 September 2025, reducing DEV IT's stake from 21.90% to 16.19% and reclassifying the holding as a financial asset, which generated an unrealised mark-to-market gain of \~₹92-93 crore in the P&L. The listing eliminates any future capital calls from DevX's expansion while leaving DEV IT with a liquid, marked-to-market stake in a co-working business that reported ₹158.88 crore in FY25 revenue.
7. Export revenue run-rate reaches ₹45 crore with two-year 45-50% target - FY26 export revenue rose to \~₹45 crore from \~₹35 crore in the prior year, with 90-93% coming from North America, and management targets overseas revenue reaching 45-50% of total revenue within two years from FY25. The company is adding two to three international clients per month and expects near-term closures in Canada for Microsoft Dynamics and cybersecurity, while Australia direct presence is planned within the next year.
8. CMMI Level 5 certification opens government and export doors - DEV IT achieved CMMI Level 5 certification in January 2026, the highest process-maturity rating, which management states is relevant for both international and India government markets. The certification arrived as the company pursues larger government RFPs and North American enterprise contracts, where CMMI Level 5 is often a qualifying criterion.
9. Cloud revenue base of ₹25 crore with 60% recurring mix - FY26 cloud revenue reached ₹25 crore, and together with cybersecurity the segment constitutes 55-60% of overall revenue, with managed IT services at \~27% of total revenue on contracts averaging $80,000-100,000 over at least two years. Over 80% of customers historically renew, giving the ₹25 crore cloud base a recurring character that stabilises the top line as new government and enterprise deals layer on top.