These contracts will contribute an annual revenue of USD 250,000 (approximayely Rs 2 crore) to the company.

The company would provide compliance guidance service and 24x7 managed SOC service to the said client.

Pranav Pandya, founder & chairman (DEV IT), said: 'Securing these contracts reaffirms the trust our clients place in us. Our ability to adapt, innovate, and provide world class cybersecurity services has positioned us as a preferred partner. We are excited about the opportunities this unlocks for the future.”

Dev Information Technology is a technology solution provider helping companies in their digital transformation from advisory to execution backed by expert applications and infrastructure management.

The company's consolidated net profit surged 411.6% to Rs 8.39 crore on 28.6% rise in revenue from operations to Rs 35.94 crore in Q2 FY24 over Q2 FY23.