DEV IT Secures Rs 26 Crore Contract for Pharmacist Registration System

Dev Information Technology Limited (DEV IT) announced it has secured a ₹26 crore contract from NICSI (National Informatics Centre Services Incorporated) for the National Pharmacists Registration Tracking System. The project, expected to last three years, is a significant addition to the company's order book.

Project Scope and Duration

The contract covers the design, development, integration, and maintenance of software, applications, and platforms for the Pharmacy Council of India's (PCI) new system. It also includes cybersecurity services for PCI's existing IT infrastructure and the creation of web-based software for the national system.

Strategic Importance

This new mandate substantially boosts DEV IT's order pipeline and enhances its standing within government digital transformation initiatives. The three-year, fixed-cost project provides medium-term revenue visibility and ensures a stable income stream. It underscores DEV IT's capability to manage critical IT infrastructure projects for regulatory systems.

Financial Performance

For the fiscal year ended March 31, 2025, DEV IT reported consolidated total income of ₹183.91 Crore and a net profit of ₹14.78 Crore. The company's consolidated EBITDA for FY25 was ₹23.72 Crore.

Past Engagements

DEV IT has a proven track record with NICSI and government clients. In late 2025, the company won a ₹3.18 crore contract from NICSI for IFMS 3.0 development for the Rajasthan government. Previously, DEV IT had secured a ₹26 crore order from NICSI for the Pharmacy Council of India, indicating potential for continued partnership and repeat business. The company also supplies IT professionals to various government bodies on a Time & Material basis.

Competitive Landscape

DEV IT operates in a competitive IT services market, facing competition from large players like TCS and Infosys, as well as specialized e-governance firms such as Protean eGov Technologies and Silver Touch. Many of these companies are actively involved in developing digital public infrastructure and AI solutions for the Indian government.

Potential Risks

The company's future growth and performance depend on various factors, including government policy changes, economic conditions, and technological advancements. Successful execution of fixed-cost projects requires efficient management to protect profit margins.