Latest news with #NationalInformaticsCentreServicesIncorporated
Business Standard
22-07-2025
- Business
- Business Standard
Dev IT gains on securing order from NICSI
Dev Information Technology (DEV IT) rose 4.50% to Rs 118.40 after the company announced that it has secured an order worth Rs 1.29 crore from the National Informatics Centre Services Incorporated (NICSI). The order involves developing an integrated financial management system to manage various aspects of state finance. This includes pension and employee management, works accounts (PwD, PHeD, CAD), FVC, GIA bills, bank disbursement, core DE, treasuries, bill payments (GPO, CPO, PPO), salary and arrear bills, allowances, SNA-Sparsh, NPS/NSDL, and budget modules. The project also includes mobile app development. The project is expected to take around 2 to 3 months to complete. Dev Information Technology (DEV IT) is in the business of providing IT-enabled services. The company's consolidated net profit fell 70.5% to Rs 1.22 crore on an 18.7% rise in revenue from operations to Rs 51.55 crore in Q4 FY25 over Q4 FY24.
Business Upturn
22-07-2025
- Business
- Business Upturn
Dev IT secures Rs 1.29 crore NICSI order to build state financial management system
By Aditya Bhagchandani Published on July 22, 2025, 11:18 IST Dev Information Technology Ltd (DEVIT) has announced that it has secured a significant order from the National Informatics Centre Services Incorporated (NICSI) for the development of an Integrated Financial Management System (IFMS) for a state government. The order, valued at approximately ₹1.29 crore, is a fixed-cost, domestic contract and is expected to be executed within 2–3 months, the company stated in its regulatory filing to NSE and BSE on Tuesday. The IFMS project aims to streamline and enhance key financial processes of the state, including: Pension and Employee Management Works Accounts Management Bank Disbursement Engine Core Treasury Operations Online Bill Payments Budget Volume and Expenditure Management Mobile Application Development Other critical areas of financial administration The company highlighted that its experience in delivering large-scale, customized government technology solutions was instrumental in securing the order. This project does not involve any related-party transactions, and none of the promoters or group companies have any interest in the awarding entity. According to DEVIT, the project reflects its ongoing commitment to supporting government clients with robust, innovative, and collaborative digital solutions tailored to operational needs. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
