Ikon Industries Government Tender Profile

With a substantial portfolio of 66 government tender participations, Ikon Industries has demonstrated strategic engagement in India's public procurement landscape. This analysis provides insights into their bidding performance, tender success patterns, and competitive positioning in government contracts.

Proven L1 Bid Success with 7 Contract Wins

Ikon Industries has successfully secured 7 L1 positions in government tenders, demonstrating their strategic pricing approach and competitive bid strategy. With a win ratio of 10.6% across 66 tender participations, they have established a reliable track record in government procurement. Their bidding performance also includes 0 L2 and 0 L3 rankings, showing consistent competitiveness in public sector contracts.

Financial Performance in Government Tenders

Ikon Industries has bid on contracts with a total value of ₹4,31,64,088.0, successfully securing ₹4,31,64,088.0 in government contract value. This represents a 100.0% conversion rate of bid value to won contracts, demonstrating their effectiveness in targeting and securing valuable public sector projects.

Specialized Government Procurement Focus

The company has established a regional presence in Maharashtra government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Department Of Defence Research & Development, Ministry Of Micro Small And Medium Enterprises, Na, where they have demonstrated specific procurement expertise. They have experience bidding with **Development Commissioner (Micro Small & Medium