Dev Labtech Venture Limited was incorporated in the year 1993 and is headquartered in Bhavnagar. The company is in the business of manufacturing, marketing, and sourcing of diamonds – natural and lab grown having wide application in jewellery. The company has recently started manufacturing of lab grown diamonds before that the company was engaged in processing of natural diamonds only.  The sales office is situated at Bhavnagar, Surat, and Mumbai. As on date of filing of Red Herring Prospectus, company have 24 employees on their payroll.