Addverb Technologies Limited: Government Tender Performance Analysis

Addverb Technologies Limited, a rising player in India's industrial automation sector, has begun establishing its presence in the government tender ecosystem. With participation in 7 tenders since FY 2022-23, this analysis examines their tender participation, technical qualification rate, and emerging procurement strategy.

Exceptional Tender Success Rate: 42.9%

Addverb Technologies Limited demonstrates a superior government tender performance with a win rate of 42.9%. Out of 7 tenders participated in between FY 2022-23 and FY 2024-25, they secured 3 L1 positions, establishing themselves as a highly competitive government contractor. They have achieved 0 L2 and 0 L3 positions, highlighting their ability to offer competitive pricing. This strong tender performance metrics makes Addverb Technologies Limited a reliable government procurement partner.

Financial Performance in Government Tenders

Addverb Technologies Limited bid on contracts with a total value of ₹41,43,52,900, successfully securing ₹41,43,52,900 in government contract value. This represents a 100.0% conversion rate, showcasing their effectiveness in targeting and securing public sector projects. The average bid amount stands at ₹6,89,29,160, which demonstrates their ability to bid for large scale projects.

Specialized Government Procurement Focus

Their tender history includes engagements with key departments like Department Of Military Affairs, Department Of Defence Research & Development, and Bharat Petroleum Corporation Ltd, demonstrating specialized procurement expertise. The Ministry of Defence is the primary ministry where they have focused their efforts.