DEV Information Technology wins major municipal contract for tax system overhaul

DEV Information Technology Limited, a leader in IT services and digital transformation, has achieved a significant milestone by securing a ₹84.5 lakh contract with Bhavnagar Municipal Corporation. The deal, announced on November 23, 2024, focuses on the annual maintenance and development of the corporation’s Online Property Tax System. The project is designed to enhance tax collection efficiency, improve user experience, and strengthen digital governance in Bhavnagar.

This partnership highlights DEV IT’s dedication to delivering cutting-edge technological solutions for public sector organisations. By maintaining and upgrading the tax system, the company aims to ensure operational transparency and citizen-centric services. The initiative is expected to streamline processes, making the tax collection system more efficient and accessible to residents.

Enhancing public governance through technology

The Online Property Tax System serves as a vital tool for managing municipal revenue and improving governance standards. DEV IT’s responsibilities include not only routine system maintenance but also implementing advanced features to meet evolving needs. These enhancements will make the platform more robust and scalable, addressing both current demands and future challenges in tax administration.

Pranav Pandya, Founder and Chairman of DEV Information Technology Limited, emphasised the company’s commitment to grassroots digital transformation. He explained that the collaboration with Bhavnagar Municipal Corporation reflects DEV IT’s capability to design tailored solutions for complex public sector requirements. Pandya expressed confidence in the project’s ability to support better governance and service delivery for the citizens of Bhavnagar.

Proven expertise in government projects

DEV IT’s history of successful collaborations with public sector organisations further underscores its reputation as a trusted partner in digital governance. The company has consistently delivered IT solutions that empower civic bodies to operate more efficiently. The Bhavnagar project adds to its expanding portfolio of government contracts, reinforcing its position as a leader in e-governance.

Experts note that DEV IT’s emphasis on innovation and quality aligns with the growing demand for digitalisation in municipal administration. The introduction of advanced functionalities in the property tax system is expected to enhance its usability while ensuring compliance with regulatory standards.

Financial performance and future outlook

In fiscal year 2024, DEV Information Technology Limited reported a consolidated revenue of ₹165.12 crore, EBITDA of ₹15.31 crore, and a profit after tax of ₹9.34 crore. These figures reflect the company’s strong financial health and ability to invest in transformative projects. Its success in securing high-profile contracts like the Bhavnagar deal is a testament to its strategic vision and operational expertise.

The broader impact of digital transformation

As India continues to embrace digitalisation in governance, projects like Bhavnagar’s Online Property Tax System play a crucial role in shaping the future of public administration. DEV IT’s involvement ensures that technological advancements are seamlessly integrated into municipal operations, benefiting both the government and its citizens.

By modernising tax systems, DEV IT is setting a benchmark for digital governance in India. Its approach combines innovation, user-centric design, and a deep understanding of public sector challenges, enabling it to deliver impactful solutions.

DEV Information Technology Limited’s partnership with Bhavnagar Municipal Corporation is more than a contract; it is a step toward redefining how technology can transform public governance. With its proven expertise and focus on quality, the company is well-positioned to lead the charge in digital transformation at the municipal level, ensuring better services and improved governance for communities across India.