Dev Accelerator Ltd Company Summary

Dev Accelerator Ltd Summary

Dev Accelerator Limited originally started the business as a Limited Liability Partnership under the name and style of Dev Accelerator LLP on September 14, 2017 under the Limited Liability Partnership Act, 2008, issued by the RoC. Subsequently, the Limited Liability Partnership was converted into a Private Limited Company and a Certificate of Incorporation dated September 05, 2020 was issued by the Registrar of Companies, Central Registration Centre under the name and style of Dev Accelerator Private Limited. The Company further was converted into a Public Limited Company and a fresh Certificate of Incorporation upon conversion to Public Limited dated September 3, 2024 was issued by the RoC, resulting the Company name was changed to its present name, Dev Accelerator Limited.The Company is one of the largest flex space operators in terms of operational flex stock in Tier 2 markets. Specializing in complete Built to Suit Managed Office Solutions for enterprises, it established a presence across 15 submarkets in India across Tier 1 markets of Delhi NCR, Hyderabad, Mumbai, Pune and Tier 2 markets of Ahmedabad (including Gandhinagar), Indore, Jaipur, Udaipur, and Vadodara. In addition to these, it has an operational Centre in Rajkot. The Company further provide integrated services from sourcing office spaces, customizing designs, developing spaces and providing technology solutions to providing complete asset management. The Company started operations in 2017 in providing flexible office space solutions. The Company launched first center in Ahmedabad with 1,250 seating capacity in 2018 and thereafter in Vadodara with a capacity of 550 seats. In 2019, it launched first center in Mumbai with 400 seat capacity and introduced a new centre in Ahmedabad with 550 seating capacity. In 2020, it launched a capacity of 700 seats in Hyderabad. It added two new centers in Ahmedabad with a capacity of 380 seats in 2021, In 2022, launched 280 seats in Rajkot; 400 seats in Pune; 800 seat capacity in Noida and again 350 seats in Noida, in Mumbai with 500 v capacity; added 2 new centres in Ahmedabad with 1960 seats; and in Pune with 350 seats.In 2023, the Company launched 255 seat capacity in Indore. In 2024, it launched 110 seats in Udaipur; and has further added 2 new centers in Ahmedabad with 480 seats. The Company is planning an Initial Public Fresh Issue upto 24,700,000 Equity Shares.