Exactspace Technologies: Government Tender Performance Analysis

Exactspace Technologies Private Limited, a rising player in the Indian government tender ecosystem, has demonstrated promising performance in its initial tender participations. This report offers a comprehensive analysis of Exactspace Technologies's tender performance, financial health, market positioning, and strategic recommendations, focusing on data from FY2018-19 to FY2024-25. As a technology supplier Exactspace is focused on leveraging its capabilities to secure government contracts and product procurement.

Executive Summary

Exactspace Technologies has participated in 5 government tenders, achieving a 40.0% win rate between April 2023 and March 2025. Their technical qualification rate stands at an impressive 80.0% over the same period, highlighting their ability to meet stringent government requirements. The company has secured contracts valued at ₹2.3 crore since FY2023-24, showcasing a significant growth trajectory in a short time. TenderAI's financial health assessment assigns Exactspace Technologies a score of 78.2/100, indicating a "Good" financial standing based on win rate, contract value, bid efficiency, and growth components. They are demonstrating technical compliance and understanding of public procurement specifications.

Exactspace Technologies's market positioning is characterized by a strong focus on high-value contracts and efficient bid processes. They primarily engage with the Ministry of Defence, Ministry of Petroleum and Natural Gas, and the Ministry of Heavy Industries and Public Enterprises. They have demonstrated specific procurement expertise with Bharat Petroleum Corporation Ltd, Department Of Defence, Department of Heavy Industry.

Financial Performance Analysis

Exactspace Technologies's financial performance in government tenders reveals a positive growth trajectory.

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