Convergence Power Systems Private Limited: Government Tender Analysis

Convergence Power Systems Private Limited, an active participant in the Indian public sector procurement landscape, has submitted bids for 19 government tenders. This analysis assesses their tender performance, financial health, market positioning, and competitive landscape to provide actionable insights for stakeholders. Key areas of focus include their win rate, qualification rate, and contract value growth in government tenders between FY2022-23 and FY2024-25, along with a financial health assessment using TenderAI's scoring components. The company demonstrates a strong presence in the Ministry of Defence, particularly the Department of Military Affairs.

Executive Summary:

Between FY2022-23 and FY2024-25, Convergence Power Systems participated in 19 tenders, achieving a win rate of 10.5%. Their technical qualification rate stands at 89.5%, indicating strong compliance with tender requirements. While the company has secured 2 L1 positions, their contract value growth has been inconsistent. The TenderAI financial health score of 11.1/100 indicates a "Critical" financial status, primarily due to low win rates and bid efficiency. Convergence Power Systems primarily focuses on tenders from the Ministry of Defence, particularly the Department of Military Affairs. This Convergence Power Systems report provides detailed insights into their performance and recommendations for strategic improvement.

Financial Performance Analysis

Yearly Trends: