LYRA NETWORK PRIVATE LIMITED
Company Overview )
Total Bids
1
Contract Value
₹84.45 Cr
L1 Bids
0
Recent Win Rate
0.0%
Lyra Network Private Limited is beginning to establish its presence in India's government tender ecosystem with participation in 1 tender valued at ₹84.45 crore. This analysis examines Lyra Network's early tender participation, technical qualification rate, and emerging procurement strategy as an Indian industry supplier.
Executive Summary
Lyra Network's initial foray into Indian government tenders demonstrates a focused approach, albeit with room for improvement. The company participated in 1 tender between April 2023 and March 2024, securing a contract value of ₹84.45 crore from the Department of Posts. However, the company's qualification rate stands at 0.0%, indicating a need to strengthen its technical compliance. TenderAI's financial health assessment gives Lyra Network a score of 22.5, classifying it as 'Critical', based on win rate, contract value, bid efficiency, growth, and consistency components.
Currently, Lyra Network focuses primarily on the Department of Posts within the Ministry of Communications. Their market positioning can be described as emerging, with a need to improve bid qualification and broaden sector participation. This TenderAI analysis aims to provide actionable insights for enhancing their tender performance metrics.
Key Performance Metrics (April 2023 - March 2024):
- Win Rate: 0.0%
- Qualification Rate: 0.0%
- Contract Value Growth: Data insufficient for trend analysis due to limited participation.
- Financial Health Score: 22.5 (Critical)
Financial Performance Analysis
Lyra Network's financial performance is currently based on a single year of activity. Further data is needed to analyze trends effectively. The following presents the available information:
Yearly Trends
The table below shows the yearly performance of Lyra Network in government tenders. Note that data is only available for FY 2023-24.
| Year | Bid Count | Win Count | Qualification Rate | Win Rate | Total Contract Value (₹) |
|---|---|---|---|---|---|
| FY 2018-19 | 0 | 0 | 0% | 0% | 0 |
| FY 2019-20 | 0 | 0 | 0% | 0% | 0 |
| FY 2020-21 | 0 | 0 | 0% | 0% | 0 |
| FY 2021-22 | 0 | 0 | 0% | 0% | 0 |
| FY 2022-23 | 0 | 0 | 0% | 0% | 0 |
| FY 2023-24 | 1 | 0 | 0.0% | 0.0% | 84,45,00,000 |
| FY 2024-25 | 0 | 0 | 0% | 0% | 0 |
Due to the limited dataset, quarter-wise performance visualizations are not meaningful at this time. Future analysis should include this.
Bid Distribution
The company's bid distribution across price ranges from April 2023 to March 2024 can't be determined due to insufficient data.
Product/Service Category Performance
Detailed product/service category performance data is currently unavailable. As Lyra Network expands its tender participation, this analysis will become increasingly valuable. Information on product/service type will help them in analysing the success rate of each type of service or product.
Geographical & Departmental Distribution
Lyra Network's tender activity is primarily focused on the Department of Posts, within the Ministry of Communications.
State-wise distribution
No state-wise distribution is available due to lack of data.
Ministry and Department Analysis
| Ministry | Tender Count |
|---|---|
| Ministry of Communications | 1 |
| Department | Tender Count |
| ---------------- | ------------ |
| Department of Posts | 1 |
Due to a lack of sufficient competitive data, a detailed head-to-head competitor analysis cannot be performed at this time.
SWOT Analysis of Lyra Network
Strengths
- Focused engagement with a specific government department (Department of Posts).
Weaknesses
- Low qualification rate (0.0%) indicates potential issues with technical compliance.
- Limited tender participation hinders comprehensive performance assessment.
Opportunities
- Expand tender participation across different ministries and departments.
- Improve technical qualification processes to increase the qualification rate.
Threats
- Strong competition in the Indian government tender landscape.
- Potential changes in government procurement policies.
Strategic Recommendations
- Improve Technical Qualification: Prioritize enhancing the quality and completeness of technical documentation to increase qualification rates.
- Expand Tender Portfolio: Explore tender opportunities across diverse ministries and departments to diversify risk and increase market presence.
- Competitive Analysis: Conduct thorough competitive analysis to understand competitor strengths and weaknesses.
- Targeted Bidding: Adopt a targeted bidding strategy focusing on tenders where Lyra Network possesses a competitive advantage.
- Consortium Partnerships: Explore consortium partnerships to bid on larger, more complex projects and share risk.
Future Growth Outlook
Lyra Network's future growth in the Indian government tender market hinges on its ability to improve its qualification rate and broaden its sector focus. Continued engagement with the Department of Posts, coupled with strategic expansion into new sectors, will be crucial for sustainable growth. Focusing on pre-bid activities like detailed document review and compliance checks will be beneficial for the company. With enhanced qualification, the company will get more opportunities to work and grow.
Focus Keywords:
- Lyra Network
- Government Tenders
- Department of Posts
Primary Keywords:
- Lyra Network Private Limited Tenders
- Indian Government Contracts