Dev Labtech Venture Limited was initially formed on April 29, 1993 as 'Gandhinagar Plastronics Private Limited' with the Assistant Registrar of Companies, Gujarat. Name of the Company was changed from 'Gandhinagar Plastronics Private Limited' to 'Jay Gems (India) Private Limited' dated February 05, 2010. Further, its name changed from 'Jay Gems (India) Private Limited' to 'Dev Labtech Venture Private Limited' dated June 22, 2022. Subsequently, Company was converted into Public Limited as 'Dev Labtech Venture Limited' vide fresh certificate of incorporation dated September 23, 2022 as registered with the Registrar of Companies, Ahmedabad.

the Company was founded by Mr. Jerambhai Lavjibhai Donda in year 1993. At present, Company is into the business of manufacturing, marketing and sourcing of diamonds having wide application in Jewellery. It is equipped with all manufacturing activities from rough natural stone to finished polished diamonds and from Seed to finished lab grown diamonds with various sizes, shapes, clarity and colors.

the Company installed 18 kW Solar Power Generation Roof Top at Bhavnagar, Gujarat in 2017. Later, it started manufacturing of lab grown diamonds in 2022 but prior to that, it was engaged in processing of natural diamonds only. It developed the skill and expertise with application of computer software and laser technology for mapping, designing, cutting, polishing with innovation & optimum output with less wastage in rough to natural polish diamonds. Further, it also developed In-house technical & design team to make laboratory grown diamonds. The technology known as, Microwave Plasma Chemical Vapour Disposition (MPCVD) is a pure and fast diamond deposition process, hence best suited for commercial uses.

In March 2023, Company made a fresh issue of 22,00,000 Equity Shares of Rs. 10 each by raising funds aggregating to Rs 11.22 Crore.