1. Company Information
"Established in 2017, Dev Accelerator Limited, commonly known as DevX, provides
flexible office spaces, including coworking environments. The company has expanded
its presence to 15 centers across India, encompassing major cities such as Delhi-NCR,
Hyderabad, Mumbai, and Pune. The company's business model focuses on providing flexible
workspace solutions tailored to the evolving needs of modern businesses. This includes
offering customizable desks and suites, accommodating remote work trends, and providing
flexible lease options. As of May 31, 2025, the company serves over 250 clients
and has 28 centres across 11 cities in India, with 14,144 seats covering a total
area under management of 860,522 square feet. The company have signed Letters of
Intent (LOIs) for three new centers, including the company's first international
centre in Sydney, Australia. Additionally, we have leased space for a new center
in Surat. These upcoming centers will offer 11,500 seats across a total area of
897,341 sq. ft. Dev Accelerator Limited provide flexible office space solutions,
including managed offices and coworking spaces, to large corporates, MNCs, and SMEs.
The company's subsidiary, Neddle and Thread Designs LLP, also offers design and
execution services."
2. Competitive Strengths
1) Leadership position as one of the largest managed space operator in Tier 2 markets
well positioned to capture industry tailwinds and growth prospects for the flexible
workspace sector in India I
2) Pan-India presence with consistently high occupancy rates across our Centers
3) Customer-centric business model with an integrated platform approach, ensuring
long-term relationships with customers
4) Delivering strong financial and operating metrics
5) Experienced Promoters and management team with deep industry expertise
3. Dev Accelerator IPO Registrar
Kfin Technologies Ltd
Phone:04067162222, 04079611000
Email: dal.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/