With issues this kind of as lack of technical understanding, talent gap and convincing individuals about IT providers, Dev IT, an Ahmedabad-based IT firm has come a long way.
The firm was predominantly focusing on domestic markets in particular government in early years, later on they opted-out to expand in foreign markets, in accordance to Jaimin Shah, Managing Director and CEO, Dev IT.
The core functions of the firm are IT advisory, IT architecture, IT implementation, and IT help.
“When we started off, there was no IT business in Gujarat and if you mentioned any individual about it, they generally considered that we are functioning with the Earnings Tax Division. Getting a domestic targeted firm, we faced a good deal troubles but we remained targeted on what we had been performing. We grew to become a marketable IT firm as far as Gujarat is concerned,” mentioned Shah.
The firm faced several issues when it came to hiring talent in the area until 2007-2008 as there was lack of understanding about the IT field.
“Attracting talent was truly a challenge. So as an incentive, we gave 1o % of our income to staff members,” mentioned Shah.
Eyeing Nordic area
The firm is planning to invest $5 million for growth in Nordic nations.
“Following obtaining a firm in 2015 with European consumers and talking to existing consumers we also realised that now Europe is also settling down from Brexit and industrial down time. They are also attempting to adopt newer technologies but they are quite value conscious,” mentioned Shah.
When talking about the H1B visa issue, Shah mentioned: “Now we haven’t witnessed any issue for the reason that our emphasis is SME market place in North America. What we did is that we opened our Canadian Federal entity and all our North American contracts are under the Canadian entity. We have witnessed growth in business after the H1B issue as folks have started off outsourcing their jobs. There is no act wherein outsourcing is concerned.”
In 2017, the firm acquired listed on NSE Emerge exchange. It was a bootstrapped firm, started off by 2 folks and now employs all around 900 to one thousand folks in Gujarat.