forward space logistics 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 1 bids — EXPRESS GLOBAL LOGISTICS PRIVATE LIMITED appeared in 1 of them.
FORWARD SPACE LOGISTICS PRIVATE LIMITED
FORWARD SPACE LOGISTICS PRIVATE LIMITED
Financial Details
Registered Office
SY. NO. 629, NEAR METRO WARE HOUSE, DEVARYAMJAL, MEDCHALNA-HYDERABAD-Telangana-500078-India
Industry Classification
Transport, storage and Communications
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
2
Contract Value
₹21.28 Cr
L1 Bids
0
Recent Win Rate
0.0%
Performance Analytics
Forward Space Logistics Private Limited: Government Tender Performance Analysis
Forward Space Logistics Private Limited is establishing its presence in India's government tender ecosystem with participation in 2 tenders focused primarily on the Ministry of Petroleum and Natural Gas, specifically INDIAN OIL CORPORATION LIMITED. This analysis examines their early tender participation, technical qualification rate, and emerging procurement strategy between FY2023-24 and FY2024-25.
Forward Space Logistics has demonstrated a 100.0% qualification rate for the period FY2023-24 to FY2024-25, indicating strong compliance with tender requirements. However, their win rate is currently 0.0%, suggesting areas for improvement in bid strategy and competitiveness. The total contract value of tenders they have participated in is ₹21.28 crore.
Their financial health is currently assessed as 'Critical' with a score of 28.7/100 by TenderAI, reflecting the need for improved win rates and contract value conversion. The company's market positioning is still evolving, with a focus on specific departments within the Ministry of Petroleum and Natural Gas. The primary area of focus is INDIAN OIL CORPORATION LIMITED.
The company's key strengths include a high technical qualification rate, while weaknesses include a low win rate. Opportunities exist in expanding bidding activity, optimizing bid pricing, and exploring new departments/ministries. Threats include competition from established players and the risk of financial volatility due to low success rates.
Financial Performance Analysis
Forward Space Logistics' financial performance in government tenders is in its early stages. Here's a breakdown:
- Yearly Trends: From FY2018-19 to FY2022-23, the company had no participation in government tenders. Participation began in FY2023-24 with 1 bid, a 100.0% qualification rate, and a 0.0% win rate, representing a contract value of ₹9.82 crore. In FY2024-25, there was a single bid with 100.0% qualification rate and ₹11.46 crore in contract value, showing a growth of 16.6% from FY2023-24.