Dev Accelerator Ltd

Past performance
Performance overview
About Dev Accelerator Ltd Dev Accelerator Limited, established in 2017, is a prominent operator in the flexible office space sector, catering to enterprises with customized, built-to-suit managed office solutions. It transitioned from a Limited Liability Partnership to a Private Limited Company in 2020 and then to a Public Limited Company in 2024. The firm operates across 15 submarkets in India, with a strong presence in Tier 2 cities such as Ahmedabad, Indore, Jaipur, Udaipur, and Vadodara, as well as Tier 1 markets including Delhi NCR, Hyderabad, Mumbai, and Pune. Additionally, it runs an operational center in Rajkot. The company offers end-to-end integrated services, including sourcing office spaces, designing and developing customized solutions, deploying technology systems, and providing complete asset management. Since launching its first center in Ahmedabad with a 1,250-seat capacity in 2018, Dev Accelerator has steadily expanded its operations across India. By 2024, the company has established over 25 centers with seating capacities ranging from 110 to 1,960, targeting enterprise clients seeking flexible workspaces. Dev Accelerator’s consistent growth underscores its strategic focus on Tier 2 markets, which are emerging hubs for economic and business activity. This expansion is complemented by controlled diversification into Tier 1 cities, giving the company a wide market footprint and scalability. Its operations are backed by expertise in providing tailor-made solutions, strengthening its position as one of the largest operators of flexible workspace in Tier 2 markets. The company is now planning an Initial Public Offering (IPO), aiming to issue up to 24,700,000 equity shares. With its robust operational growth and ongoing market expansion, Dev Accelerator Limited provides investors with a compelling opportunity in the burgeoning flex-space industry, particularly in high-growth regions.
Website devx.work
Founded 2020
Headquarters Ahmedabad