icon power solutions private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 17 June 2025
Total Bids / Contract Value
Qualified Bids / Q Rate
Total Wins / Win Value
Wins Rate / Q-W Rate
Detailed Performance Analysis
Tender Performance by Ministries
Name
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 22 bids — ABS INDIA PRIVATE LIMITED appeared in 4 of them.
ICON POWER SOLUTIONS PRIVATE LIMITED
ICON POWER SOLUTIONS PRIVATE LIMITED
Financial Details
Registered Office
Flat Number 6-A, LGF, Khasra Number- 117/1/2 Rajpur Khurd Extension ColonyNA-New Delhi-Delhi-110068-India
Industry Classification
Business Services
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
235
Contract Value
₹183.11 Cr
L1 Bids
38
Recent Win Rate
25.0%
Performance Analytics
Icon Power Solutions: Strategic Government Tender Performance Analysis
Icon Power Solutions Private Limited, with a portfolio of 235 government tender participations between April 2018 and March 2025, demonstrates a commitment to India's public procurement sector. This analysis provides key insights into their bidding strategies, success patterns, and competitive positioning in securing government contracts, particularly within the Ministry of Defence and related departments.
Executive Summary
Icon Power Solutions has secured a 16.2% win rate from April 2018 to March 2025, translating to 38 successful L1 bids. They have a 71.9% qualification rate, demonstrating compliance with technical requirements. The company's contract value from won tenders stands at ₹1,83,11,16,987, reflecting their ability to secure substantial government projects. Their financial health score as assessed by TenderAI is 52.5, indicating a satisfactory financial position.
Icon Power Solutions primarily operates within the Ministry of Defence, Department of Military Affairs, and other related agencies. Their market positioning is marked by regional strength in Bihar and expertise in tenders from organizations like National Institute of Technology (NIT) and Indian Institute of Technology (IIT).
Financial Performance Analysis
The company's financial performance from FY 2018-19 to FY 2024-25 demonstrates varied success. FY 2023-24 marked a high point with a 23.7% win rate and a contract value of ₹790.40 crore. However, FY 2024-25 saw a decrease in contract value to ₹196.56 crore, although the win rate remained strong at 25.0%.
Yearly trends show consistent participation in government tenders, though the contract values fluctuate significantly. The company's financial health score is 52.5, with components including a 40.4 win rate score and an 85.3 contract value score.