Government Tender Analysis: Carenx Innovations

Carenx Innovations Private Limited has submitted bids for 21 government tenders, establishing themselves as an active participant in the public sector procurement ecosystem. Their tender history reveals important patterns in qualification rates, competitive positioning, and category specialization.

Government Tender Performance Development

Carenx Innovations has achieved 5 L1 positions as the lowest bidder in government tenders, with additional 0 L2 and 0 L3 rankings. With a tender success rate of 23.8% across 21 bids, the company is actively building their government procurement capabilities. These early performance indicators provide valuable insights into their competitive approach and positioning in the public sector procurement landscape.

Financial Performance in Government Tenders

Carenx Innovations has bid on contracts with a total value of ₹1,80,21,054.0, successfully securing ₹1,80,21,054.0 in government contract value. This represents a 100.0% conversion rate of bid value to won contracts, demonstrating their effectiveness in targeting and securing valuable public sector projects.

Specialized Government Procurement Focus

The company has established a regional presence in Karnataka, Madhya Pradesh government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Na, Department Of Military Affairs, Department Of Atomic Energy, where they have demonstrated specific procurement expertise. They have experience bidding with Employees State Insurance Corporation (Esic), showing familiarity with diverse organizational procurement requirements.