Aksharatek Systems: Government Tender Performance Analysis

Aksharatek Systems Private Limited is making inroads into the Indian government tender ecosystem with participation in 5 tenders since FY 2023-24. This analysis examines their tender participation, technical qualification rate, and emerging procurement strategy. Focusing on Indian fire alarm panel tenders and related Ministry of Power procurement, the company demonstrates a keen understanding of this niche.

Key Performance Metrics

From FY2023-24 to FY2024-25, Aksharatek Systems achieved 2 L1 positions as the lowest bidder in government tenders. They have a tender success rate of 40.0% across 5 bids. The company is actively building their government procurement capabilities with focus on Jharkhand government contracts and engaging with key departments. This positions them as a promising player in the public sector procurement landscape. Notably, their financial health score, assessed by TenderAI analysis Aksharatek Systems, stands at 68.0, indicating a 'Good' financial standing.

Specialized Government Procurement Focus

The company has established a regional presence in Jharkhand government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Contracts And Materials, Na, Department Of Atomic Energy, where they have demonstrated specific procurement expertise. They have experience bidding with Ntpc Limited, Nuclear Power Corporation Of India Limited, showing familiarity with diverse organizational procurement requirements.

Technical Compliance in Government Tenders

Aksharatek Systems has achieved technical qualification in 3 out of 5 government tenders, a qualification rate of 60.0%. This metric highlights their ability to satisfy the technical criteria and compliance requirements specified in public procurement opportunities. Their qualification performance provides insight into their technical capabilities and attention to tender specifications.