DevX

Business Services · India · 11-50 Employees

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Overview

Headquarters

c-201 2nd Floor the First B/h Keshav Bau...

Phone Number

+91 7434883388

Website

devx.work

Revenue

<$5 Million

Industry

Business Services Project Management Call Centers & Business Centers
ZI Rank: 1
Signal Type
Mar
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Aug
ZI Rank
2
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About DevX

Gujarat’s largest co-working space expands its horizons to other vicinities, they are ridding upon a strong wave of mani-fold expansion through technical expertise and corporate tie-ups. A Startup Accelerator focusing on nurturing innovative startups by providing them with the required support. They understand the changing needs of the time and have bolstered many entrepreneurial journeys at their centers. They are your equal partners in growth, supporting through the company's strategic partnerships and allied services. They don’t limit their horizon to just offices spaces but encourage brainstorming and cross-pollination of ideas as a means of collaborative growth and development.Explore more
DevX's Social MediaPopular SearchesDev Accelerator Pvt LtdDevXDevX CoSIC Code 87,874NAICS Code 54,541Show more

DevX Org Chart

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Chief Financial Officer, Joint

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Chief Financial Officer

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Company Profile Activity

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Among all Business Services companies

Low Activity

High Activity

Activity Insights

DevX is experiencing very low activity levels compared to other companies in the Business Services sector.

What does this means?

DevX is drawing exceptional interest within the Business Services industry, suggesting notable developments or strong market momentum, learn more about DevX.

DevX financials insights

Gather financial insights about DevX, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.

2023

Other Financing Round

$3M

2024

Debt

$7M

See All DevX's Financials Insights

DevX Tech Stack

A closer look at the technologies used by DevX

Most Recent Scoops

Earnings
DevX has reported gross debt of INR 135 crores as of Q1 FY2027, down from INR 145 crores at the end of FY2026, with net debt declining to INR 81 crores from INR 89 crores. Net debt to equity improved to 0.4x from 0.48x, and net debt to EBITDA on an IGAAP basis improved to 1.04x from 2.10x at the end of FY2026, with approximately INR 55 crores of existing debt repaid during the period.
Earnings, Finance, Financing & Debt
Earnings
DevX has reported that of its INR 53.8 crores consolidated revenue, INR 42 crores represents recurring managed office space revenue, with the remainder attributable to one-time operational revenue from its Needle and Thread design and build business.
Earnings, Finance
Earnings
DevX has reported a standalone EBITDA margin of 66% for Q1 FY2027, attributed to operational leverage and cost reductions, and a consolidated EBITDA margin of 59%, with the differential driven by subsidiary Needle and Thread's revenue recognition on a project completion or milestone basis under Ind AS.
Earnings, Finance, Financial Operations
Earnings
DevX has reported consolidated profit before tax of INR 7.1 crores under IGAAP for Q1 FY2027, reflecting a 64.9% increase compared to INR 4.3 crores in the prior corresponding quarter.
Earnings, Finance
Earnings
Earnings, Finance
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Frequently Asked Questions Regarding DevX

What is DevX's official website?
DevX's official website is devx.work
What is DevX's Revenue?
DevX's revenue is <$5 Million
What is DevX's SIC code?
DevX's SIC: 87,874
What is DevX's NAICS code?
DevX's NAICS: 54,541
How many employees does DevX have?
DevX has 11-50 employees
What industry does DevX belong to?
DevX is in the industry of: Business Services, Project Management, Call Centers & Business Centers
What technology does DevX use?
Some of the popular technologies that DevX uses are: SketchUp, Eploy, Engage ATS, Empetus
Who is the CFO of DevX?
DevX's CFO is Parin Shah
How do I contact DevX?
DevX contact info: Phone number: +91 7434883388 Website: devx.work
What does DevX do?

Gujarat’s largest co-working space expands its horizons to other vicinities, they are ridding upon a strong wave of mani-fold expansion through technical expertise and corporate tie-ups. A Startup Accelerator focusing on nurturing innovative startups by providing them with the required support. They understand the changing needs of the time and hav... e bolstered many entrepreneurial journeys at their centers. They are your equal partners in growth, supporting through the company's strategic partnerships and allied services. They don’t limit their horizon to just offices spaces but encourage brainstorming and cross-pollination of ideas as a means of collaborative growth and development.Read More

What are DevX social media links?
DevX Linkedin page DevX Twitter page DevX Facebook page
Who invested in DevX?
DevX has 4 investors including Urmin Group, Navneet Publications, Venus Infrastructure & Developers Pvt and Ducon Technologies.
Is DevX a public company?
DevX is private company therefore does not currently have an official ticker symbol
See more information about DevX

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