Dev Accelerator Limited (DevX) is a managed office space provider offering flexible coworking spaces, enterprise offices, and managed workspaces for startups, SMEs, and large corporations.;

CEO/MD

Umesh Uttamchandani

Founded in

2017

NSE symbol

DEVX

Shareholding pattern

Mar '25

Sep '25

Dec '25

Mar '26

Jun '26

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ScoutQuest • 1 week ago

Dev Accelerator plans 3.63M sq.ft. expansion, adding 8.5K seats, Rs.120 crore revenue. Tech initiatives include AI launchpad; Noida center closure impacts revenue, Rs.226 crore lease liabilities.

BSE • 1 week ago

Dev Accelerator Ltd reported Q1 FY27 revenue of Rs. 53.8 Cr, EBITDA Rs. 30.3 Cr, and PAT Rs. 1.5 Cr, reflecting robust growth. The company operates 27 centers across 12 cities with 91.9% occupancy and plans to expand to 3.62 Mn sq. ft. by FY29.

ScoutQuest • 3 weeks ago

Dev Accelerator issues 1L secured NCDs worth ₹100 Cr at 11.75% p.a. coupon rate. NCDs mature in Aug 2029, secured by assets, and listed on BSE.

BSE • 1 month ago

Dev Accelerator Ltd received Acuite Ratings' 'ACUITE BBB, Stable' for Rs.100 crore proposed NCDs. The rating reflects DevX's strong presence in Tier-2 cities, growth in revenue, and expansion plans.

ScoutQuest • 2 months ago

Dev Accelerator issued 33.3M convertible warrants to promoters at Rs. 45, raising Rs. 15 crore. It also issued 44.4 lakh equity shares to a non-promoter at Rs. 45, raising Rs. 20 crore.

ScoutQuest • 2 months ago

Dev Accelerator receives in-principle approval for 33,33,330 shares via warrant conversion. Also approves issuance of 44,44,440 shares on a preferential basis; face value Rs. 2.

ScoutQuest • 2 months ago

Dev Accelerator Ltd settled legal dispute with LRS Services on June 4, 2026. Claims of Rs. 17.5L waived, Rs. 12.1L security deposit adjusted; no penalty or compensation.

ScoutQuest • 3 months ago

Dev Accelerator plans to triple capacity to 3M sq.ft. by FY28. The company will invest Rs.225 crore in this expansion.

ScoutQuest • 3 months ago

Dev Accelerator Ltd reports Q4 FY26 standalone revenue of ₹171 Cr, up 34% YoY. Consolidated revenue reaches ₹109 Cr, up 42%, with EBITDA margin at 60.5%.

Inc42 • 3 months ago

DevX posted ₹8 Cr Q4 profit, a 4x jump from ₹2.1 Cr YoY; revenue fell 10% YoY. DevX plans ₹100 Cr NCD issuance and raised ₹35 Cr via warrants to promoters and Infibeam Projects.

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Home>Stocks>Dev Accelerator

Vaishnavi Tech Park, South Tower, 3rd FloorSarjapur Main Road, Bellandur, Bengaluru – 560103Karnataka

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