Dev Accelerator Ltd

📈 Dev Accelerator Ltd Expands with India’s Largest Managed Office Contract in Ahmedabad

- Signed India’s largest managed office contract for 8 lakh sq ft in Ahmedabad

- New 3.15 lakh sq ft campus in Ahmedabad commenced operations with 95% pre-leasing

- Currently operates 28 centers across 12 cities with 13,604 seats and 0.83 million sq ft under management

- ₹100 crore investment planned over 4 years for Ahmedabad project

- Projected annual revenue of ₹120 crores from Ahmedabad managed office contract

- Standalone revenue from operations grew 50% YoY for 9MFY26 reaching ₹123.96 crores

- Consolidated revenue for 9MFY26 was ₹166.7 crores, a 53% increase year-over-year

- New Ahmedabad campus adding approximately ₹2.75 crore in monthly revenue

- Standalone EBITDA margin for 9MFY26 was 61.1%, up from 57.5% in the previous year

- Rent to revenue ratio improved to 2.62x indicating strong unit economics