CREDAPP SOFTWARE PRIVATE LIMITED
Company Overview )
Total Bids
1
Contract Value
₹17.70 Lakh
L1 Bids
0
Recent Win Rate
0.0%
Credapp Software Private Limited is beginning to establish its presence in India's government tender ecosystem with participation in 1 tender between April 2023 and March 2024. This initial analysis examines their early tender participation, technical qualification rate, and emerging procurement strategy. While their win rate stands at 0.0%, their 100.0% qualification rate suggests strong potential.
Key Performance Metrics
- Participation: Credapp Software has participated in 1 tender to date. This provides a baseline for future growth.
- Qualification Rate: Demonstrating technical competence, Credapp Software has achieved a 100.0% qualification rate for the period April 2023 to March 2024, qualifying for 1 out of 1 tenders.
- Contract Value: The total contract value of tenders participated in is ₹17,70,000 (₹17.70 lakh), reflecting their initial focus on specific tender categories.
- Financial Health: TenderAI's financial health assessment assigns a score of 22.5/100, indicating a "Critical" status. The score is based on factors like win rate, contract value, bid efficiency, growth, and consistency.
Market Positioning and Focus
Currently, Credapp Software's market positioning is in the early exploration phase. Their participation has been primarily focused on the Health & Family Welfare Department Gujarat, suggesting a strategic focus on this specific departmental procurement landscape. Their strong technical qualification rate is a positive indicator, but requires conversion into successful bid wins.
Financial Performance Analysis
As Credapp Software has limited tender data, financial performance analysis is based on early trends. The company participated in 1 tender during FY 2023-24, with no activity in prior or subsequent fiscal years.
Yearly Trends
| Year | Bid Count | Win Count | Qualification Rate | Win Rate | Total Contract Value | Market Share |
|---|---|---|---|---|---|---|
| FY 2018-19 | 0 | 0 | 0.0% | 0.0% | ₹0 | 0 |
| FY 2019-20 | 0 | 0 | 0.0% | 0.0% | ₹0 | 0 |
| FY 2020-21 | 0 | 0 | 0.0% | 0.0% | ₹0 | 0 |
| FY 2021-22 | 0 | 0 | 0.0% | 0.0% | ₹0 | 0 |
| FY 2022-23 | 0 | 0 | 0.0% | 0.0% | ₹0 | 0 |
| FY 2023-24 | 1 | 0 | 100.0% | 0.0% | ₹17,70,000 | 0 |
| FY 2024-25 | 0 | 0 | 0.0% | 0.0% | ₹0 | 0 |
Bid Distribution
For the period of April 2023 to March 2024, the bid distribution is as follows:
- One bid falls in the price range of ₹50,00,000 - ₹1,00,00,000.
Product/Service Category Performance
Due to limited tender participation, a detailed category-wise performance analysis cannot be conducted. As Credapp Software expands its bidding activity, category-specific insights will become more relevant.
Geographical & Departmental Distribution
Credapp Software's tender activity is currently concentrated within the Health & Family Welfare Department Gujarat. Diversification across different departments and states could unlock further growth opportunities.
Competitive Analysis
Based on the available data from April 2018 to March 2025, Credapp Software has encountered the following top competitors:
- JAY LAXMI ELECTRICALS
- K. D. SERVICES
- GCPL GRAPHITE CONSULTING (OPC) PRIVATE LIMITED
- TOPCLUES SOLUTIONS
- ANURAG SERVICES LLP
- TEERTH TECHNOLOGIES PRIVATE LIMITED
However, with limited encounters, a comprehensive head-to-head analysis is constrained. TEERTH TECHNOLOGIES PRIVATE LIMITED has a win against CREDAPP SOFTWARE PRIVATE LIMITED in April 2018 to March 2025. As Credapp Software participates in more tenders, competitive dynamics will become clearer.
SWOT Analysis of Credapp Software
- Strengths: High technical qualification rate (100.0%).
- Weaknesses: Low win rate (0.0%), concentrated departmental focus, and limited tender participation.
- Opportunities: Expand into new departments and states, explore higher-value tenders, and refine bidding strategies.
- Threats: Competition from established players, evolving tender requirements, and potential delays in procurement processes.
Strategic Recommendations
- Refine Bidding Strategy: Focus on tenders with a higher probability of success based on internal capabilities and competitive landscape.
- Expand Market Reach: Explore new departments and states to diversify tender participation.
- Enhance Competitive Intelligence: Conduct thorough competitor analysis to identify strengths and weaknesses.
- Improve Bid Quality: Invest in comprehensive bid preparation to improve win rates.
- Optimize Pricing: Refine pricing strategies based on market dynamics and value proposition.
Future Growth Outlook
Credapp Software has the potential to grow its presence in the government tender market. By leveraging its technical qualification capabilities, expanding its market reach, and refining its bidding strategies, the company can improve its win rate and achieve sustainable growth. Key to this growth is diversification across departments and states, coupled with a strategic focus on tenders aligned with their core competencies. Focus keyword - government tender ecosystem.