Techniques for placing virtual machines based on compliance of device profiles are disclosed. In one embodiment, a list of device profiles may be maintained, with each device profile including details of at least one virtual device and associated capabilities. Further, a device profile from the list of device profiles may be assigned to a virtual machine running on a first host computing system. A virtual device and associated configurations required by the virtual machine may be identified to comply with the device profile. A management operation may be performed to migrate or clone the virtual device and associated configurations from a second host computing system to the first host computing system to support the compliance of the device profile assigned to the virtual machine.