figon biotech private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 18 June 2025
Total Bids / Contract Value
Qualified Bids / Q Rate
Total Wins / Win Value
Wins Rate / Q-W Rate
Detailed Performance Analysis
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 2 bids — BALAJI TRADERS appeared in 1 of them.
FIGON BIOTECH PRIVATE LIMITED
FIGON BIOTECH PRIVATE LIMITED
Financial Details
Registered Office
PLOT NO. 81A/B, RAMNA MAROTI NAGARNA-NAGPUR-Maharashtra-440009-India
Industry Classification
Manufacturing (Metals & Chemicals, and products thereof)
Company Type
Market Information
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Historical Performance
7-year trend analysis (2018-2025)
Company Overview (1 Apr 2018-31 Mar 2025))
Total Bids
6
Contract Value
₹4.46 Lakh
L1 Bids
2
Recent Win Rate
0.0%
Performance Analytics
Figon Biotech: Government Tender Performance Analysis
Figon Biotech Private Limited is an emerging player in India's government tender ecosystem, actively participating in 6 tenders to date. This detailed analysis provides insights into their early tender performance, technical qualification rates, and evolving procurement strategy. The assessment leverages TenderAI's advanced analytics to provide a comprehensive view of Figon Biotech's strengths, weaknesses, opportunities, and threats within the competitive landscape of government procurement.
Key Performance Metrics (April 2023 - March 2025)
- Win Rate: Figon Biotech has achieved a 33.3% win rate, securing 2 L1 positions as the lowest bidder in government tenders. This demonstrates a promising start in converting bid opportunities into successful contracts.
- Qualification Rate: The company has a qualification rate of 33.3%, indicating room for improvement in meeting technical specifications and documentation requirements in government tenders.
- Contract Value Growth: While initial contract values are modest, Figon Biotech has the potential to significantly increase its contract value growth by targeting higher-value tenders and expanding its presence across various government departments. From FY2023-24, to FY2024-25, the company saw a contract value growth of -69.99%.
- Financial Health: TenderAI's financial health assessment assigns a score of 42.7/100, categorized as 'Concerning', highlighting the need for strategic improvements in contract value, growth, and consistency. Figon Biotech's financial health score is comprised of a win rate of 83.3%, contract value of 0.1%, bid efficiency of 80.0%, growth of 0% and consistency of 11.1%.
Market Positioning & Key Ministries
Figon Biotech is strategically focusing on tenders from the Ministry of Agriculture and Farmers Welfare and its associated departments, including the Agriculture Department Andaman & Nicobar, the Department of Agriculture Cooperation and Farmers Welfare, and the Department of Agriculture and Bio Technology. This targeted approach allows them to build expertise and strengthen their competitive position within specific procurement areas.