EQMS INGENUITY PRIVATE LIMITED
Company Overview
Total Bids
2
Contract Value
₹67.69 Lakh
L1 Bids
1
Historical Bids (Since 2018)
5
Participated Tenders
Custom Bid for Services - Engagement of an agency for implementation of ISO in quality environment
Custom Bid for Services - 10 Providing Safety Services HSE HEAD,Custom Bid for Services - 20Provid
EQMS Ingenuity Private Limited is an emerging player in India's government tender ecosystem, actively participating in 5 tenders. This analysis provides insights into their early tender participation, technical qualification rate, and procurement strategy between FY2023-24 and FY2024-25. With a focus on Indian government procurement, this report explores the company's tender performance metrics and areas for strategic development.
EQMS Ingenuity has secured 2 L1 positions as the lowest bidder in government tenders, indicating a competitive pricing strategy. With a 40.0% tender success rate across 5 bids, the company is building its government procurement capabilities. The company's financial health score is rated 'Good' at 65.5/100, driven by a strong win rate component (100/100). However, components like contract value and consistency present opportunities for improvement.
Their tender history shows engagement with Bharat Petroleum Corporation Ltd, NA, and Department Of Fertilizers, indicating specific procurement expertise in the petroleum and chemicals sectors. The company's primary ministry is the Ministry of Petroleum and Natural Gas, where they have participated in multiple tender opportunities. A key strength lies in their efficient bid process, leading to a high bid conversion rate. By capitalizing on strong seasonal performance in Q2 (July-September) and optimizing their bid pricing strategy, EQMS Ingenuity can further enhance their government tender success.
Financial Performance Analysis
EQMS Ingenuity's financial performance is analyzed across yearly trends, quarterly patterns, and bid distribution. The data covers FY2018-19 to FY2024-25.
Yearly Trends
| Fiscal Year | Bid Count | Win Count | Qualification Rate | Win Rate | Total Contract Value |
|---|---|---|---|---|---|
| FY 2018-19 | 0 | 0 | 0.0% | 0.0% | ₹0 |
| FY 2019-20 | 0 | 0 | 0.0% | 0.0% | ₹0 |
| FY 2020-21 | 0 | 0 | 0.0% | 0.0% | ₹0 |
| FY 2021-22 | 0 | 0 | 0.0% | 0.0% | ₹0 |
| FY 2022-23 | 0 | 0 | 0.0% | 0.0% | ₹0 |
| FY 2023-24 | 3 | 1 | 33.3% | 33.3% | ₹26,54,700 |
| FY 2024-25 | 2 | 1 | 50.0% | 50.0% | ₹67,68,780 |
Quarterly Patterns
While specific quarter-wise data isn't provided, the insights highlight strong performance in Q2 (July-September) with an average win rate of 50.0%. Weak performance is noted in Q4 and Q1, suggesting seasonal patterns influencing tender outcomes.
Bid Distribution
From April 2023 to March 2024, the bid distribution shows:
- 1 bid in the ₹10,00,000 price range
- 1 bid in the ₹20,00,000 price range
This indicates a focus on lower to mid-value tenders.
Product/Service Category Performance
Category distribution data is currently unavailable. Analysis by offering type requires further data on specific product/service categories.
Geographical & Departmental Distribution
EQMS Ingenuity's geographical distribution is limited, with no specific state or city-level data provided. However, their departmental distribution reveals key engagement with:
- Bharat Petroleum Corporation Ltd (2 tenders, ₹55,26,240 total value)
- Department of Fertilizers (1 tender, ₹23,57,640 total value)
- NA (2 tenders, ₹15,39,600 total value)
Their primary ministry is the Ministry of Petroleum and Natural Gas, indicating a focus on the oil and gas sector.
Competitive Analysis
Head-to-Head Comparison
Here's a head-to-head comparison of EQMS Ingenuity with its top 5 competitors from Jan 2022 to Dec 2023:
| Competitor Name | Encounter Count | Win Rate |
|---|---|---|
| BUREAU VERITAS INDUSTRIAL SERVICES (INDIA) PRIVATE LIMITED | 3 | 33.3% |
| K.R.TECHNOSAFE ENGINEERS | 2 | 0.0% |
| CHOLAMANDALAM MS RISK SERVICES LIMITED | 2 | 0.0% |
| TSM THESAFETYMASTER PRIVATE LIMITED | 2 | 0.0% |
| QMS INDIA LIMITED | 2 | 50.0% |
Win Rates by Competitor and Category
Win rates against competitors in each category requires category-specific tender data.
Ministry-Specific Competitive Positioning
In the Ministry of Petroleum and Natural Gas, EQMS Ingenuity faces competition from the listed players, each with varying win rates.
Threat Assessment and Strategic Responses
High-threat competitors include BUREAU VERITAS INDUSTRIAL SERVICES (INDIA) PRIVATE LIMITED, K.R.TECHNOSAFE ENGINEERS, and CHOLAMANDALAM MS RISK SERVICES LIMITED, requiring targeted strategies to improve win rates.
SWOT Analysis of EQMS Ingenuity
Strengths
- Strong win rate of 50.0% in the most recent year (FY2024-25)
- Efficient bid process with high conversion rate
Weaknesses
- Weak performance in financial health components: Contract Value, Consistency
- High disqualification rate (60.0%)
Opportunities
- Capitalize on strong seasonal performance in Q2 (Jul-Sep)
- Explore growth potential in high-value projects and new departments/ministries
- Optimize bid pricing strategy based on historical win rates by value range
Threats
- Intense competition from established players like BUREAU VERITAS INDUSTRIAL SERVICES (INDIA) PRIVATE LIMITED
- Potential for changing government regulations impacting procurement processes
Strategic Recommendations
Priority 1: Improve Qualification Rate
Focus on enhancing pre-bid documentation quality and specification adherence to reduce the disqualification rate from 60.0%.
Priority 2: Target Higher-Value Opportunities
Target higher-value opportunities to improve average contract value. Currently, the average is ₹17,36,370.
Priority 3: Address Competitive Threats
Develop targeted strategies to improve win rates against identified high-threat competitors, such as BUREAU VERITAS INDUSTRIAL SERVICES (INDIA) PRIVATE LIMITED.
Future Growth Outlook
Based on historical trends and sector dynamics, EQMS Ingenuity's growth trajectory is moderately positive. By focusing on strategic recommendations and capitalizing on market opportunities, the company can achieve sustained growth in the Indian government procurement sector.