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convergence steel private limited Tender Performance & Track Record

CIN: U52609MH2019PTC333611
Active
Private
Company limited by shares

convergence steel private limited

Tender Performance & Track Record

CIN: U52609MH2019PTC333611
Active
Private
Company limited by shares

Company Overview

Summary
Convergence Steel: Government Tender Performance Analysis Convergence Steel Private Limited is an emerging player in India's government tender ecosystem, demonstrating strong initial performance. This analysis examines their tender participation, technical qualification rate, and procurement strategy. From FY2023-24 to FY2024-25, Convergence Steel participated in 8 tenders with a 25.0% win rate. Their commitment to quality is evidenced by a 100.0% qualification rate, indicating a strong understanding of government procurement requirements. A financial health assessment by TenderAI, scoring 47.5/100, indicates concerning financial performance but significant growth potential.
Primary Ministry: Ministry of Heavy Industries and Public EnterprisesPrimary Department: Department of Heavy Industry
Founded: 2019State: MAHARASHTRA
Primary Ministry:
Ministry of Heavy Industries and Public Enterprises
Primary Department:
Department of Heavy Industry
Founded:2019
State:MAHARASHTRA

Tender Performance

Data for 01 April 2024 to 19 June 2025

Live Data

Total Bids / Contract Value

Bids4
Value₹1.06Cr

Qualified Bids / Q Rate

Bids4
Q Rate100.0%

Total Wins / Win Value

Win1
Value₹15.86L

Wins Rate / Q-W Rate

Rate25.0%
Q-W Rate25.0%

Detailed Performance Analysis

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Tender Performance by Ministries

1 entries

Name

Bids
Value
Qualified
Wins
Value

Ministry of Heavy Industries and Public Enterprises

25.0% win rate
4
₹1.06 Cr
4
1
₹15.86 Lakh

Ministry of Heavy Industries and Public Enterprises

Bids
4
₹1.06 Cr
Qualified
4
Wins
1
₹15.86 Lakh
25.0% win rate

Top Bid Competitors

Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 4 bids — CHAMPAK STEEL AND ENGG CO appeared in 4 of them.

Company
Total Bids
Value
Qualified
Rate
Wins
Value

CONVERGENCE STEEL PRIVATE LIMITED

Your Company
25.0% win rate
4
₹1.06 Cr
4
100.0%
1
₹15.86 Lakh

CONVERGENCE STEEL PRIVATE LIMITED

Your Company
Total Bids
4
₹1.06 Cr
Qualified
4
100.0%
Wins
1
₹15.86 Lakh
25.0% win rate
CHAMPAK STEEL AND ENGG CO
25.0% win rate
4
₹1.06 Cr
3
75.0%
1
₹40.90 Lakh
CHAMPAK STEEL AND ENGG CO
Total Bids
4
₹1.06 Cr
Qualified
3
75.0%
Wins
1
₹40.90 Lakh
25.0% win rate
CHHAJED STEEL LIMITED
50.0% win rate
2
₹27.49 Lakh
2
100.0%
1
₹11.63 Lakh
CHHAJED STEEL LIMITED
Total Bids
2
₹27.49 Lakh
Qualified
2
100.0%
Wins
1
₹11.63 Lakh
50.0% win rate
BHARAT STEEL
0.0% win rate
3
₹94.33 Lakh
2
66.7%
0
₹0
BHARAT STEEL
Total Bids
3
₹94.33 Lakh
Qualified
2
66.7%
Wins
0
₹0
0.0% win rate
META AEROSPACE
0.0% win rate
2
₹56.76 Lakh
1
50.0%
0
₹0
META AEROSPACE
Total Bids
2
₹56.76 Lakh
Qualified
1
50.0%
Wins
0
₹0
0.0% win rate
BITTU UDYOG
0.0% win rate
2
₹78.47 Lakh
2
100.0%
0
₹0
BITTU UDYOG
Total Bids
2
₹78.47 Lakh
Qualified
2
100.0%
Wins
0
₹0
0.0% win rate
DINESH TUBE (INDIA)
0.0% win rate
1
₹37.58 Lakh
0
0.0%
0
₹0
DINESH TUBE (INDIA)
Total Bids
1
₹37.58 Lakh
Qualified
0
0.0%
Wins
0
₹0
0.0% win rate
UNIMIX METAL CORPORATION
0.0% win rate
1
₹11.63 Lakh
1
100.0%
0
₹0
UNIMIX METAL CORPORATION
Total Bids
1
₹11.63 Lakh
Qualified
1
100.0%
Wins
0
₹0
0.0% win rate
AMARDEEP STEEL CENTRE LLP
0.0% win rate
1
₹37.58 Lakh
0
0.0%
0
₹0
AMARDEEP STEEL CENTRE LLP
Total Bids
1
₹37.58 Lakh
Qualified
0
0.0%
Wins
0
₹0
0.0% win rate
ECKHARDT STEEL AND ALLOYS
0.0% win rate
1
₹15.86 Lakh
0
0.0%
0
₹0
ECKHARDT STEEL AND ALLOYS
Total Bids
1
₹15.86 Lakh
Qualified
0
0.0%
Wins
0
₹0
0.0% win rate
RAJESH METAL CORPORATION
0.0% win rate
1
₹40.90 Lakh
1
100.0%
0
₹0
RAJESH METAL CORPORATION
Total Bids
1
₹40.90 Lakh
Qualified
1
100.0%
Wins
0
₹0
0.0% win rate
Company Profile
CINU52609MH2019PTC333611
Class
Private
Status
Active
Founded2019

Financial Details

Authorized Capital₹2.5Cr
Paid-up Capital₹1.2Cr

Registered Office

703 VIHAN WALBHAT ROAD GOREGAON (EAST)NA-MUMBAI-Maharashtra-400063-India

Industry Classification

Trading

NIC Code52609

Company Type

CategoryCompany limited by shares
Sub-CategoryNon-government company
Origin
Indian

Market Information

Listing Status
Unlisted
ROCROC Mumbai
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Historical Performance

7-year trend analysis (2018-2025)

Historical Data

Company Overview (1 Apr 2018-31 Mar 2025))

Total Bids

8

Qualified: 8
Q Rate: 100.0%

Contract Value

₹2.49 Cr

Avg. Bid: ₹24.83 Lakh
Avg. EMD: ₹0

L1 Bids

2

Win Rate: 25.0%
Q to W Ratio: 25.0%

Recent Win Rate

25.0%

Change: 0.0%
Period: FY 2024-25

Performance Analytics

Last 7 Years
Performance Trend
Win/Loss Distribution
Contract Value Growth Over Time

Convergence Steel: Government Tender Performance Analysis

Convergence Steel Private Limited is an emerging player in India's government tender ecosystem, demonstrating strong initial performance. This analysis examines their tender participation, technical qualification rate, and procurement strategy. From FY2023-24 to FY2024-25, Convergence Steel participated in 8 tenders with a 25.0% win rate. Their commitment to quality is evidenced by a 100.0% qualification rate, indicating a strong understanding of government procurement requirements. A financial health assessment by TenderAI, scoring 47.5/100, indicates concerning financial performance but significant growth potential. Convergence Steel's market positioning is primarily within the Ministry of Heavy Industries and Public Enterprises, suggesting a specialized procurement focus.

Financial Performance Analysis

Convergence Steel's financial performance is analyzed based on yearly trends and bid distributions.

Yearly Trends:

Fiscal YearBid CountWin CountQualification RateWin RateTotal Contract Value
FY 2018-19000.0%0.0%₹0.00
FY 2019-20000.0%0.0%₹0.00
FY 2020-21000.0%0.0%₹0.00